Circle

On March 22, it was reported that even though Circle, the issuer of stable currency issued by USDC, withdrew its deposits trapped in a bank in Silicon Valley, customers continued to redeem their issued stable currency USDC at a faster rate than buying it. Interpretation of this information: The recent news report on Circle, the issuer of stable currency, USDC, indicates an interesting trend in its circulation in the market. Despite the company successfully retrieving its deposits that were trapped in a bank in Silicon Valley, customers have continued to…

According to reports, Jeremy Allaire, CEO of Circle, the publisher of USDC, said that Cirlce’s European headquarters planned to be established in Paris because of its encryption friendly environment. Paris will become the base of its Euro stable currency, the EUROC. Interpretation of this information: The recent reports suggest that Circle, the publisher of USDC, is planning to set up its European headquarters in Paris. The CEO of the company, Jeremy Allaire, reportedly stated that Paris was chosen as the location due to its encryption-friendly environment. Notably, Paris is known…

It is reported that the stable currency issuer Circle has applied for a French crypto asset license as part of its European growth strategy. “The Boston based company has applied to become a registered digital asset service provider and a licensed electronic currency institution, respectively,” Circle said in a statement. Successful registration will mean that Circle can provide its products to French customers and “onshore” its Euro supported stable currency, EUROC. Interpretation of this information: Circle, a stable currency issuer based in Boston, has applied for a French crypto asset…

7:00-12:00 Keyword: Signature Buyer, CathieWood, Circle, Stripe Interpretation of this information: The message given above is brief with minimal context, but it seems to revolve around some significant events or announcements involving four entities- Signature Buyer, CathieWood, Circle, and Stripe- that are somehow linked. From the given time frame (7:00-12:00), it appears that the message pertains to a specific event or period, most likely a stock market opening, conference or announcement on that specific day. The first keyword, Signature Buyer, suggests that a significant buyer or investor has made some…

According to the report, Jeremy Allaire, the chief executive of Circle, said in the latest interview with CNBC that if the U.S. government did not intervene in Silicon Valley banks, Circle would take “preventive measures”, including using its own corporate balance sheet and external funds, so it was very confident in capital. Fortunately, Circle does not need to do so now. Jeremy Allaire also said that he would not be “angry” about the behavior of Silicon Valley banks, because the main reason for these problems is the rising US dollar…

7:00-12:00 Key words: Lido, OP, Voyager, Circle, Goldman Sachs Interpretation of this information: The message seems to be related to a financial transaction and has several keywords that hint towards such interpretation. The first keyword is “Lido,” which might be a reference to a bond issuer. The second keyword is “OP,” which could represent an options contract. The third keyword, “Voyager,” is a bit ambiguous but could relate to a financial services company. The message also mentions “Circle,” which is a social payment application founded by Jeremy Allaire and Sean…

It is reported that, according to Tokenview data, Circle destroyed USDCs worth about 1.07 billion dollars on March 13, and forged USDCs worth about 480 million dollars. Interpretation of this information: The recent report from Tokenview reveals that Circle, the issuer of USDC stablecoin, destroyed around 1.07 billion USDC tokens and issued approximately 480 million USDC tokens on March 13. Such an action by Circle is not new to the cryptocurrency world as it helps in maintaining the stability and reliability of its stablecoin. These stablecoins are designed to reflect…

On March 13, the Watchers monitoring data showed that Circle destroyed 220000000 1 USDCs again. Earlier, Circle had just destroyed 314167155.05 USDCs in a single transaction. Interpretation of this information: The article reveals that a cryptocurrency company named Circle has destroyed a massive amount of USDCs, 220000000 and 314167155.05 USDCs respectively in two separate transactions. The reason for the destruction of tokens is not specified, but it could be inferred that the move must have been made to reduce the circulating supply, among other possibilities. Circle is a digital currency…

It is reported that Watchers monitoring data shows that Circle destroyed 314167155.05 USDC in a single transaction. Interpretation of this information: The news report states that there was a transaction of Circle, a cryptocurrency company, where they destroyed a significant amount of USDC. The reported amount being destroyed was 314167155.05 USDC, which is a staggering number. This has been picked up by Watchers monitoring data, which is an organization that monitors blockchain activity on various cryptocurrency platforms. The term ‘destroyed’ in the context of cryptocurrencies means that the USDC was…

It is reported that the operation of stable currency issuer Circle: USDC will establish a new settlement agreement through Cross River Bank to provide customers with automatic USDC casting and redemption, effective from March 13, 2023. Interpretation of this information: Circle, the stable currency issuer of USDC, is set to establish a new settlement agreement with Cross River Bank to offer customers automatic USDC casting and redemption. The service is expected to be in effect from March 13, 2023. This new settlement agreement is aimed at streamlining processes and making…

On March 13, Nansen said on Twitter that at 9:43 Beijing time, Circle cast about 407.8 million USDCs, which is the largest USDC cast in the past seven days. The hourly net change in the issuance of USDC is+463.8 million dollars. Interpretation of this information: The tweet by Nansen highlights a significant event in the world of cryptocurrency, particularly in the realm of stablecoins. Circle, a venture-backed fintech company, cast around 407.8 million USDC (USD Coin) on March 13. This is the largest USDC cast within the past seven days,…

21:00-7:00 Key words: Circle, SEC, Bank of Silicon Valley, Nansen Interpretation of this information: The message seemingly pertains to some sort of event or meeting that is scheduled to take place during the night from 9:00 pm to 7:00 am. There are four main components of the message, including the time frame, the circle, the SEC, and two entities, namely the Bank of Silicon Valley and Nansen. At first glance, it appears that the message might be referring to a private gathering. The reference to the “circle” could signify an…

According to reports, Circle, the issuer of the USDC, issued a letter in response to the USDC’s anchor withdrawal, saying that if the reserve of US $3.3 billion of Silicon Valley Bank could not be returned 100%, Circle would use the company’s resources, not excluding the use of external capital, to make up for any shortage. Interpretation of this information: The recent news came up that Circle, which is the issuer of the USDC, has responded to the USDC’s anchor withdrawal. The letter issued by Circle stated that they would…

It is reported that Circle sent a notice to the trading company that the USDC transaction conducted through the Signature Banks Signet network will not be processed until Monday. This message is related to the delay of Signature Bank’s Signet platform, which can provide real-time payment for commercial customers. Interpretation of this information: The cryptocurrency company, Circle, has sent a notice to their trading company partners that any transactions made through the Signature Bank’s Signet network will not be processed until Monday, February 8th. The message is related to the…

It is reported that encryption analyst 0xHamZ said on social media that Circle has frozen redemption to a large extent, which means that the r/r of USDC bulls is very good, because you will not have survival bias due to people’s departure (in percentage terms, the hole will become larger). The best way to deal with this situation is to use the borrowing/lending platform and carefully increase the leverage to $0.60. Interpretation of this information: The message is discussing the situation with Circle, a company that offers a stablecoin called…

7:00-12:00 Key words: US Treasury, Silicon Valley Bank, Circle, Federal Reserve Interpretation of this information: The message is likely related to financial transactions and partnerships between the US Treasury, Silicon Valley Bank, Circle, and the Federal Reserve. The timeframe, from 7:00-12:00, may indicate a specific window of opportunity or a scheduled meeting time. The US Treasury is responsible for overseeing the nation’s finances, including taxation, borrowing, and spending. Its involvement in this message suggests that the topic may have significant implications for the economy at large. Silicon Valley Bank is…

On March 12, Nansen data showed that Circle destroyed USDCs worth 649.3 million dollars and cast USDCs worth 16.7 million dollars in the past 24 hours. The trend was significantly slower than that of destroying USDCs worth 2.34 billion dollars and casting USDCs worth 366 million dollars the previous day. Interpretation of this information: The Nansen data on March 12 showed that Circle, a digital currency company, destroyed USDCs (USD Coin) worth over $649 million and created new USDCs worth $16.7 million within the previous 24 hours. This is a…

21:00-7:00 Key words: BlockFi, Silicon Valley Bank, Circle, Brex Interpretation of this information: The message pertains to several key players in the fintech industry. BlockFi, a crypto lending and borrowing platform, has partnered with Silicon Valley Bank to provide USD loans to its customers as a way to expand its offerings beyond just cryptocurrency-based loans. This partnership will allow BlockFi to better serve its institutional clients and expand its reach globally. Additionally, the message mentions Circle, a global financial technology firm, which has just announced the launch of its new…

It is reported that according to the reserve report of USDC, Circle holds an undisclosed cash in the Bank of Silicon Valley. The stable currency issuer listed SVB in other U.S. regulatory financial institutions holding the platform’s reserves. Interpretation of this information: The recent reserve report of USDC has revealed that Circle, a stable currency issuer, has stashed an undisclosed amount of cash in the Bank of Silicon Valley. It is one among several other U.S. regulatory financial institutions that hold the platform’s reserves. While the exact amount of cash…

On March 11, DeFi researcher Ignas said in a message that USDC seemed to be in a state of panic but would not return to zero as UST did. Circle had clarified the amount of cash it held. Now only 8.2% (US $3.3 billion of US $40 billion) were trapped in Silicon Valley banks, but that did not mean that the money was gone. If the expected expenditure of the Federal Deposit Insurance Corporation of the United States was 94%, The loss of Circle may only be $198 million (the…