USDC

According to the report, according to the data of CoinGecko, USDC is now quoting US $0.938, up 0.2% in one hour. The market fluctuates greatly. Please do a good job in risk control. Previously, USDC fell to an all-time low of US $0.877 due to the bank event in Silicon Valley. Interpretation of this information: The message discusses the current status of USDC, based on data from CoinGecko. It notes that USDC is now being quoted at $0.938, which represents a slight increase of 0.2% over the past hour. However,…

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…

According to reports, IOSG Ventures issued a statement that it had never conducted any USDC transactions in the past 7 days, and its exposure to SVB and Silvergate was zero. Interpretation of this information: In a recent statement issued by IOSG Ventures, the venture capital firm confirmed that it had not engaged in any USDC (USD Coin) transactions over the past seven days. The firm also revealed that it had zero exposure to two major US banks, SVB (Silicon Valley Bank) and Silvergate. The statement can be interpreted in a…

On March 12, according to the data released by Crypto KOL and chain analyst Mr. Whale, the trading volume of Coinbase on the Cryptocurrency Exchange has plunged by 99.2% in the past 24 hours, which is the first time in history. The reason may be that the US dollar stable currency (USDC) (partially owned by Coinbase) triggered the anchoring in the bankruptcy of Silicon Valley banks. Interpretation of this information: The cryptocurrency world experienced a major shock on March 12th when the Crypto KOL and chain analyst Mr. Whale revealed…

On March 12, it was reported that the monitoring data of Lookonchain showed that during the recent decoupling of the USDC, the operation of the “smart trader” GCR was as follows: Interpretation of this information: The message reports on the use of a “smart trader” algorithm called GCR during the recent decoupling of USDC cryptocurrency. Lookonchain, a monitoring data website, detected the activity of GCR during this period. The GCR algorithm carried out certain operations that helped traders earn profits during this time. Decoupling refers to the separation of two…

According to the report, according to CoinGecko data, the price of USDC has rebounded to above US $0.96 and is currently at US $0.961463. Interpretation of this information: The message pertains to the price of USDC, a stablecoin that is pegged to the US dollar at a 1:1 ratio. According to the source, the price of USDC has risen above $0.96, indicating a rebound in its value. The current price of USDC is reported to be $0.961463. This news is significant for a few reasons. Firstly, stablecoins such as USDC…

On March 11, it was reported that USDC and DAI were temporarily slightly anchored due to the Bank of Silicon Valley incident. According to the market, USDC is temporarily quoted at US $0.9952 and DAI is temporarily quoted at US $0.9963. Curve platform stable currency 3pool has a slight proportion tilt, with USDT accounting for 5.95%, USDC and DAI accounting for 44.56% and 49.48% respectively. According to the audit report of Circle in January this year, Circle has reserves in many regulated financial institutions in the United States, including Silicon…

It is reported that the blockchain analysis company Nansen’s on-chain data shows that the encrypted wallet has withdrawn nearly 902 million dollars of USDC from the centralized exchange in the past 24 hours. The USDC is the token with the largest negative net flow of the centralized exchange in the past 24 hours. The withdrawal comes from the smart money wallet, the fund, the market maker and the wallet. Interpretation of this information: In the world of cryptocurrency, on-chain data is always valuable, providing insights into the movement of funds…

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…

According to reports, according to Andrew, the founder of Crypto KOL and Twitter marked as X 3, disclosed on social media, the source said that the U.S. Securities and Exchange Commission was very clear about the bank exposure risk of Circle, especially the Bank of Silicon Valley. The source said: “The U.S. Securities and Exchange Commission absolutely believes that the USDC is a kind of security… It is expected to take further action in the next few weeks.” Interpretation of this information: The message is stating that the US Securities…

According to the report, according to ASvanevik, an observer on the chain, according to Nansen data, a giant whale transferred 25 million USDCs from PulseX Sacrifice to a new wallet a few hours ago and exchanged them for DAI. Interpretation of this information: The cryptocurrency market is always active, with traders and investors constantly making transactions. Recently, a massive whale in the industry appears to have transferred a large amount of USD Coins (USDC) from PulseX Sacrifice to a new wallet. The transfer was worth a staggering 25 million USDC,…

12:00-21:00 Key words: USDC, DAI, GUSD Interpretation of this information: The message suggests that USDC, DAI, and GUSD are key terms that will likely have relevance or significance in the financial world between 12:00-21:00. What can be inferred is that these terms are related to cryptocurrencies, particularly stablecoins. USDC stands for USD Coin, which is a stablecoin pegged to the US dollar, meaning its value is equal to one US dollar. DAI, on the other hand, is a stablecoin that utilizes a unique mechanism called a Collateralized Debt Position (CDP)…

On March 11, the MakerDAO governance community launched an urgent proposal to change the asset risk and governance parameters related to USDC and reduce the debt ceiling of USDC-related LPs such as UNIV2USDCETH-A, UNIV2DAIUSDC-A, GUNIV3DAIUSDC1-A and GUNIV3DAIUSDC2-A as collateral to zero. Interpretation of this information: The MakerDAO governance community, which oversees the decentralized finance (DeFi) platform, has proposed significant changes to the risk and governance parameters of the USDC stablecoin. The proposal, which was launched on March 11th, seeks to reduce the debt ceiling for USDC-related liquidity pools to zero….

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…

On March 11, Hal Press, CEO of North Rock Digital, a hedge fund, tweeted that Circle held 77% of the reserves in the treasury bills of 1 to 4 months, providing a lower limit of 0.77 for USDC; The total loss of Circle is expected to be 0.8% to 1.5% of USDC at most; Therefore, we have chosen to continue to buy at US $0.88, and have previously bought at US $0.935; The USDC is likely to be completely re-anchored eventually. Interpretation of this information: On March 11, Hal Press,…

It is reported that Watcher.guru posted an article on social media saying that Robin Hood, an encryption and stock trading application, announced the suspension of the trading and deposit of the USD stable currency USDC. Interpretation of this information: The recent announcement made by Robin Hood regarding the suspension of trading and deposit of the USD stable currency USDC has been reported by Watcher.guru on social media. This news has raised concerns among the users of the application who mainly engage in stock trading. Robin Hood is a popular stock…

According to the report, according to the data of CoinGecko, USDC is now quoting US $0.885957, with a drop of 11.5% in 24 hours. The market fluctuates greatly. Please do a good job in risk control. Interpretation of this information: The message highlights a significant drop in the value of USDC, according to data from CoinGecko. At present, USDC is quoting US $0.885957, with a drop of 11.5% in just 24 hours. This sudden decrease in value highlights the volatile nature of the cryptocurrency market, and it serves as a…

On March 11, according to the latest announcement, Binance announced that it would open BNB/TUSD, BTC/TUSD, ETH/TUSD, TUSD/USDT, USDC/USDT and USDP/USDT spot trading pairs at 22:00 Beijing time today. In addition, Binance has basically stopped the BUSD automatic exchange service of USDC, USDP and TUSD newly recharged by users, and users will no longer be able to withdraw USDC, USDP or TUSD from their BUSD balance. Any user who wants to convert his/her BUSD balance to USDC or USDP in a 1:1 ratio can manually operate it on the Binance…

On March 11, according to Paidun monitoring data, Sun Yuchen extracted 82 million USDCs from Aave V2 and converted them into DAI. After Sun Yuchen’s address, 11.6 million USDCs were extracted from Aave V2. Interpretation of this information: The message reports on the actions taken by Sun Yuchen, a well-known entrepreneur and founder of TRON, who extracted 82 million USDC from Aave V2 and converted it into DAI. Aave V2 is a decentralized finance (DeFi) platform that allows users to borrow and lend various cryptocurrencies. The move by Sun Yuchen…

It is reported that according to the latest data of Coinsecko, the market value of USD Coin (USDC), the stable currency of the US dollar, has fallen below US $40 billion, from US $38675180011 at the time of writing. In addition, the USDC is still in the state of anchoring, currently falling to US $0.938306, down 6.3% in the past 24 hours. Interpretation of this information: The latest data from Coinsecko suggests that the market value of USD Coin, also known as USDC, has plummeted to below $40 billion. The…