USDC

On March 11, dYdX, a decentralized derivatives trading platform, posted a message on social media saying that in view of the recent events surrounding the Bank of Silicon Valley, dYdX decided to continue to operate at the actual dollar price of USDC, without assuming that USDC=USD. Interpretation of this information: The message posted by dYdX on March 11 appears to be a response to some recent events involving the Bank of Silicon Valley. This suggests that there may have been some concerns about the stability or reliability of the banking…

According to the report, according to the data of Coingecko, the short-term anchor release of USDC is currently down to US $0.978916, with a decline of 2.1% in the past 24 hours. Previously, Circle, the issuer of the US dollar stable currency, disclosed on social media that Silicon Valley Bank was one of its six banking partners, responsible for jointly managing about 25% of the cash reserves of the USDC. Interpretation of this information: The report mentions that USDC, one of the stablecoins in the cryptocurrency market, has experienced a…

On March 11, Binance said in a message on social media that due to the current market situation, the massive inflow of USDC assets increased the burden of automatic conversion, so Binance suspended the automatic conversion from USDC to BUSD, which is a routine risk management procedure step taken by Binance when monitoring the situation. Interpretation of this information: Binance, one of the largest cryptocurrency exchanges in the world, has suspended its automatic conversion from USD Coin (USDC) to Binance USD (BUSD) due to the current market situation. In a…

On March 11, according to the Binance platform, the USDC automatic conversion BUSD function has been temporarily closed. According to the asset certificate of Binance platform, the USDC capital output of Binance platform exceeds 3.5 billion dollars. Interpretation of this information: The message suggests that the Binance platform has temporarily closed the USDC automatic conversion to BUSD function. This means that users will not be able to automatically convert USDC tokens to BUSD tokens in their accounts. The reason for this closure is not provided by the platform, but it…

It is reported that since March 8, the bankrupt cryptocurrency broker Voyager Digital has received nearly US $86.8 million of USDC and sent nearly US $82.5 million of cryptocurrency tokens to various addresses belonging to the exchange. As of the press release, the three major liquidation assets of Voyager in the past day include approximately US $58.1 million of ETH, US $10.9 million of SHIB and US $7.2 million of Voyager’s own VGX tokens. According to Arkham Intelligence, a blockchain analysis company, the addresses it uses mainly belong to Coinbase,…

According to the report, Whale Alert data showed that at 12:05 Beijing time today, USDC Treasury cast 100000000 USDCs and then transferred them to Coinbase. Interpretation of this information: The message reports on the transfer of approximately 100 million USDC, which was initiated by the USDC Treasury and directed towards Coinbase. This information was reportedly relayed by Whale Alert’s data at 12:05 Beijing Time today. It is essential to note that USDC, or USD Coin, is a stablecoin that is pegged to the US dollar backed by assets deposited as…

According to the report, Whale Alert data showed that at 11:00 Beijing time today, USDC Treasury cast 200000000 USDCs and then transferred them to Coinbase. After that, USDC Treasury destroyed 200000000 USDCs. Interpretation of this information: The message above is an update on digital currency transactions involving USDC Treasury and Coinbase. According to the report, 200 million USDCs were cast by USDC Treasury and sent to Coinbase on the 15th of March. Subsequently, USDC Treasury destroyed the same 200 million USDCs. USDC, or USD Coin, is a stablecoin that is…

According to the report, Compound Governance issued a document saying that Compound III has been deployed to Polygon, and users can now use WETH, WBTC and MATIC as collateral to borrow from USDC, leading the market in efficiency. Interpretation of this information: The report highlights that Compound Governance has released a document stating that Compound III is now available on Polygon. With this update, users can now utilize WETH, WBTC and MATIC as collateral to borrow USDC. This move increases efficiency and will likely lead the market forward in terms…

According to reports, Whale Alert data showed that at 18:28 on March 8, 500 million USDCs (US $50005183) were transferred from the USDC Treasury to the unknown wallet address. Interpretation of this information: The cryptocurrency world has seen another massive transfer of USDC tokens worth $50 million that was made from the USDC Treasury to an unknown wallet address. This was revealed by Whale Alert, a blockchain tracker that monitors blockchain transactions in real-time. This raises speculations about who could be behind this transfer and what could be the possible…

It is reported that according to PeckShieldAlert monitoring, at 15:03 Beijing time, nearly 49 million USDCs have been transferred from coin security to the address marked as Justin Sun on the chain. Interpretation of this information: The cryptocurrency market has been abuzz with the news of a massive transfer of nearly 49 million USD Coins (USDC) from Coin Security to an address belonging to Justin Sun. It was reported by PeckShieldAlert monitoring service that the transaction took place at 15:03 Beijing time. This sudden transfer has raised speculations about the…

It is reported that the development team behind CryptoKitties and NBA Top Shot, Dapper Labs, said that because its payment partner Circle deleted the corresponding function, it no longer supports the ACH (automatic clearing center) cash withdrawal option, but will continue to support cash withdrawal through wire transfer and USDC. Interpretation of this information: The report states that Dapper Labs, the developers of popular blockchain games CryptoKitties and NBA Top Shot, will no longer be supporting the ACH (automatic clearing center) cash withdrawal option. This decision was made because Dapper…

It is reported that the data on the chain shows that the assets of Voyager are flowing. According to the transaction records, about $154.4 million of USDC was transferred from Coinbase to the “Voyager1” Ethereum wallet of the closed exchange this month. Interpretation of this information: The message reports that Voyager’s assets are flowing as evidenced by data on the chain. Specifically, recent transaction records indicate that approximately $154.4 million worth of USDC was transferred from Coinbase to the “Voyager1” Ethereum wallet, which belongs to the now-closed exchange. This transfer…

According to reports, Wintermute researcher Igor Igamberiev said on social media that the wallet related to Terra depeg last year might belong to the trading company Jane Street. According to the transaction analysis, on May 3, 2022, Clearpool announced that Jane Street had borrowed 25 million USDC from BlockTower using their licensed loan pool. 1. Within two weeks of Terra’s collapse, this address received US $15 million and repaid it to the lender together with another US $10 million, without any purpose; 2. Invested 150000 US dollars in tonicdex; 3….

It is reported that Michael Krilivsky, CEO of NFTpay, announced that he now supports USDT and USDC to purchase NFT. NFTpay provides customized solutions for organizations and individuals interested in installing USDT/USDC payment gateway on its website. Interpretation of this information: The message suggests that Michael Krilivsky, the CEO of NFTpay, has announced his support for two types of stablecoins, USDT and USDC, as a means of purchasing NFTs. NFTpay is a platform that provides customized solutions for organizations and individuals interested in installing a payment gateway that accepts these…

On February 25, Glassnode data showed that the number of active addresses (MA on the 7th) of USDC was 2407.268, reaching a one-month low. Interpretation of this information: The message highlights a drop in the number of active addresses of USDC on February 25. According to Glassnode data, there were 2407.268 active addresses of USDC on the 7th day of the previous month, which was a one-month low. From this information, we can interpret that the usage of USDC in the market has decreased, indicating a reduction in demand or…

According to the report, the monitoring data of Whale Alert showed that at 7:58:23 Beijing time, the USDC Treasury destroyed 118914100 USDCs. Interpretation of this information: The message, which comes in the form of a report, highlights the recent activity of an entity known as USDC Treasury. The report indicates that Whale Alert – a platform that tracks various blockchain transactions – monitored a specific instance in which the USDC Treasury destroyed 118,914,100 USDCs. This destruction happened at a precise time, which is specified as 7:58:23 in Beijing time. To…

According to the report, according to the encryption analysis company Nansen, the proportion of USDC in the current reserve of nearly $3.372 billion of Coin Security has risen to 55.78%, about 1.877 billion, which is the largest holding in the past three months. Interpretation of this information: The report states that the cryptocurrency exchange, Coin Security, has seen a significant increase in its reserve of USDC. According to analysis conducted by encryption analysis company, Nansen, the proportion of USDC in Coin Security’s current reserve of nearly $3.372 billion has risen…

According to reports, according to Etherscan data, 63746293 USDCs (US $63769892) were cast in USDC Treasury. Interpretation of this information: The article reports that Etherscan data has revealed that a significant amount of USDC, equivalent to $63,769,892, has been cast in USDC Treasury. USDC, or USD Coin, is a stablecoin that is pegged to the price of the US dollar. This means that for every USDC issued, there is a corresponding amount of US dollars held in reserve to back it up. It is considered a safer alternative to other…

It is reported that stabilizing the currency market has become a major goal of US regulators. After the news that BUSD (the dollar-based stable currency of Binances managed by Paxos) has become the target of regulators, industry observers began to suspect that the next shoe would fall. According to Nansen, a cryptographic analysis company, the wallet on Binance is adding a large amount of USD stable currency of Circle. One of Binance’s wallets currently holds more than US $1.8 billion in USDC, which is the highest amount in the past…

It is reported that according to Whale Alert monitoring data, 80 million USDCs have been transferred from USDC Treasury to Crypto.com. Interpretation of this information: The message reports that Whale Alert monitoring data shows a transfer of 80 million USDCs from USDC Treasury to Crypto.com. USDCs or USD Coin is a stablecoin that is pegged to the US dollar, providing users with a way to store their assets in a cryptocurrency that maintains a stable value. Crypto.com is a well-known cryptocurrency exchange that offers a range of services, including trading,…