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Circle Burns $2.34 Billion in USDC Tokens in 24 Hours
Nansen, a crypto analytics firm, has reported that Circle, the co-founder of USDC, has burned $2.34 billion worth…
DeFi Trader Loses $2 Million USDC Due to MEV Trade Jam
A DeFi trader has reportedly swapped 2 million USDC tokens to USDT, only to end up with a measly 0.05 USDT in…
Breaking: Coinbase Temporarily Halts USDC:USD Conversions Due to Banking Delays Over Weekend
Coinbase, one of the leading cryptocurrency exchanges, has announced a temporary pause in USDC: USD conversions…
dYdX plans to continue operations regardless of USDC-USD price changes
Decentralized exchange dYdX has announced that it will continue to function even if the price of USDC diverges…
Circle Reveals $3.3 Billion of USDC Reserves Remain at Silicon Valley Bank Amid Insolvency Concerns
Circle Internet Financial, the issuer of the USDC stablecoin, has raised concerns over the fate of its deposits at…
Why did Silicon Valley Bank collapse within just 48 hours?
SVB Financial Group, the parent company of Silicon Valley Bank (SVB), has recently made headlines for its…
Binance Halts Auto-Conversion of USDC to BUSD Amid Market Turmoil
Binance has announced the temporary suspension of auto-conversion of USDC to BUSD due to market conditions. In a…
BlockFi’s Uninsured Funds Worth $227 Million Allocated to Silicon Valley Bank’s Money Market Mutual Fund (MMMF)
In a shocking turn of events, Silicon Valley Bank (SVB), one of the largest banks in the United States, has been…
OpenSea NFT marketplace vulnerability exposes user identities through cross-site search attack
Recently, a vulnerability was discovered in the popular non-fungible token (NFT) marketplace OpenSea that allowed…
USDC Withdrawals Reach Over $900 Million in 24 Hours; Exchanges See Total of $30 Billion Worth of USDC Pulled Out
In a recent report from CoinDesk, it was revealed that there has been a significant outflow of the stablecoin USDC…