According to Whale Alert, USDC Treasury burned 60 million USDC on Ethereum at 11:12 AM UTC+8 today.
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DeFi interest rates are at historic lows, per Neutrl data. Stablecoin TVL weighted average APR is only 5.8%. Top yield: Level USD Pendle IY (12.4%). Lowest: Aave V3 USDC (3.4%). #DeFi #crypto
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China's NDRC is using privacy computing to share credit info more securely, reducing leakage risks. They're also exploring blockchain for key data storage, enabling encryption and traceability. #China #NDRC #privacy #blockchain
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Google TAG reports North Korean operatives infiltrating UK/EU blockchain projects (Solana, Anchor, AI). They're using fake identities to generate revenue amid US scrutiny. Cointelegraph notes increased extortion efforts since Oct, threatening data exposure. #cybersecurity #blockchain #northkorea
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JPMorgan reports Bitcoin miners had their worst month ever in March, with a $6B market cap drop. BTC price decline & increased mining difficulty squeezed profits. Some miners are shifting to AI, but high-compute operations are underperforming.
#crypto #blockchain #news #BTC #Bitcoin
Synthetix founder @KainWarwick warns L2s & EIP-4844 reduce ETH burn & mainnet profitability. He suggests increasing L2 fees or coordinated launches. Long-term, tokenized RWAs are key. Immediate application breakthroughs are crucial. Concerns echo recent Ethereum Foundation AMA. #Ethereum #L2 #DeFi
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Trump's "reciprocal tariffs" targeting 15 countries could trigger a recession, impacting Bitcoin. But Grayscale's Zach Pandl believes a phased approach could lead to a market rebound, weakening the dollar and benefiting crypto. Circle's IPO signals institutional confidence. #Bitcoin #economy
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X (fka Twitter) petitions the Supreme Court to limit federal access to user financial info, challenging an IRS subpoena of Coinbase data. X argues this infringes on privacy and could stifle crypto innovation. #privacy #crypto #supremecourt
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VanEck registered its first BNB ETF in Delaware on March 31, CryptoBriefing reports. The VanEck BNB ETF joins their crypto ETF lineup, which already includes Bitcoin, Ethereum, Solana, and Avalanche. #crypto #ETF
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Eric Trump says the Trump family embraced crypto after banks "unjustifiably" canceled their services, claiming they were "viciously targeted." He praises crypto for its autonomy, censorship resistance, lower costs, speed & transparency, arguing it can do "everything" banks can, but better. #crypto
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Crypto VC funding surged in March! Wu Shuo reports 74 projects raised $2.883B, a 198.1% jump from February. Highlights: MGX invested $2B in Binance, Kraken acquired NinjaTrader for $1.5B, and Walrus Foundation closed a $140M token sale.
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BlackRock, managing $12T, is now a UK-registered crypto asset firm (FCA approval, April 1st). BlackRock joins Coinbase & PayPal. Their US Bitcoin ETF attracted $47B+ this year. FCA approval is rigorous: only 14% get it. #crypto #BlackRock
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Circle fully acquired USDC issuer Centre from Coinbase in 2023 for $210M in stock, dissolving Centre. Coinbase got equity in Circle via a new partnership (details unknown). #stablecoins #crypto #USDC
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Dogwifhat (WIF) nixes plan to project its image on the Las Vegas Sphere, refunding nearly $700K in crypto. A fashion brand partnership fell apart after Sphere officials denied involvement and called WIF's use of its name "fraudulent." Refunds start in early April. Exchange users must manually submit credentials.
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Eric Trump & Hut 8 Mining form American Bitcoin, aiming to go public. Bloomberg reports the company seeks private funding and is working with Bitmain to expand mining operations. #Bitcoin #Mining
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SEC might settle with Gemini over Gemini Earn! Bloomberg says the SEC wants 60 days to discuss a potential deal in their lawsuit alleging illegal fundraising. Gemini already settled with the CFTC for $5M and agreed to return $1.1B to users. #crypto #SEC #Gemini
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Circle has filed an S-1 form with the U.S. Securities and Exchange Commission (SEC) for a proposed initial public offering (IPO), according to reports. The company intends to list on the New York Stock Exchange under the ticker symbol "CRCL." The price range for the IPO has not yet been determined.
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Kristin Smith steps down as Blockchain Association CEO May 16th, joins Solana Policy Institute as President May 19th. Founded by Miller Whitehouse-Levine, the non-profit aims to work with policymakers like the SEC's crypto task force. #crypto #policy
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House Financial Services Chair French Hill rejects Coinbase CEO Brian Armstrong's push for stablecoins to offer interest. Hill says the legislative intent was payment efficiency, not investment, and there's no Congressional consensus for interest. He believes stablecoins should focus on payments, not compete with banks. (via Decrypt)
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Binance investigated unusual ACT/USDT market activity. Four users (3 VIP) rapidly sold large amounts, impacting prices. No single account profited significantly, and Binance didn't reduce user positions. Tokens are fully circulating, so Binance can't interfere. They offer a market maker program to improve liquidity.
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