USDC
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Coinbase’s Trading Volume Plummets due to USDC Anchoring
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. Coinbase’s trading volume fell 99.2% in the past 24 hours Analysis based on this information:According to recent data released by chain analyst Mr. Whale, the trading volume of Coinbase on the Cryptocurrency Exchange has plunged by 99.2% in the past 24 hours, making it the first time in history for such a significant decline. This significant change can be attributed to the US dollar stable currency (USDC) that is partially owned by Coinbase at the time of writing. Reports suggest that this has triggered the anchoring of Silicon Valley’s banks in bankruptcy. The USDC…
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GCR Trader and the Recent Decoupling of USDC
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: During USDC decoupling, the trader GCR changes USDT into USDC on DEX, deposits it in OKX and uses USDT to buy ETH Analysis based on this information:The message from March 12th discusses how the monitoring data of Lookonchain revealed the operation of a “smart trader” known as GCR during the recent decoupling of USDC. This news is incredibly significant for those who are following the cryptocurrency market as it provides valuable insights into how certain traders operate and what strategies they use to maximize their profits. To fully understand the implications of this message, it is necessary to define some of the key terms. Lookonchain is a blockchain analytics firm that provides real-time data insights for a variety of cryptocurrencies. The smart trader, GCR, is an individual or group…
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Yuanan To Launch BNB/USDC, BTC/USDC, And ETH/USDC Trading Pairs
According to the official announcement, Yuanan will launch BNB/USDC, BTC/USDC and ETH/USDC trading pairs at 14:30 Beijing time on March 12. Coin security will launch BNB USDC, BTC USDC and ETH USDC trading pairs today Analysis based on this information:Financial technology has brought about unprecedented changes in the financial industry, especially in the area of cryptocurrency. Yuanan, a rising cryptocurrency trading platform, has announced the launch of three trading pairs – BNB/USDC, BTC/USDC, and ETH/USDC. This announcement is significant to cryptocurrency traders, investors, and enthusiasts as it provides an opportunity to leverage the growing trend of cryptocurrencies. Yuanan, being a Chinese-based cryptocurrency trading platform, is well known for its user-friendly interface, low trading fees, and the variety of digital assets it supports. The platform is committed to providing secure and reliable cryptocurrency trading services to its users. The introduction of the three trading pairs, BNB/USDC, BTC/USDC, and ETH/USDC, is another step towards enhancing the trading experience on the platform. BNB/USDC…
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Circle’s Transfer of USDC’s Cash Reserves
On March 12, Jeremy, the founder of Circle, tweeted that USDC\’s $3.3 billion cash reserves remained in SVB. As of Thursday, we have started to transfer these fu
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USDC Price Rebounds
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.
USDC has rebounded to -
Bank of Silicon Valley Incident Causes Temporary Anchorage of USDC and DAI
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 t
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Smart Money Wallets Show Withdrawals of USDC from Centralized Exchanges
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
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Circle Holds Undisclosed Cash in Bank of Silicon Valley
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 S
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Nansen Founder Opines on Circle and USDC Survival Strategy
According to reports, Alex Svanevik, founder of Nansen, tweeted that I think Circle and USDC can survive the difficulties and need first-class execution in the
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US Securities and Exchange Commission warns of potential security risks for Circle
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. Securit
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The USDC, DAI and GUSD: The Digital Currencies to Watch from 12:00-21:00.
12:00-21:00 Key words: USDC, DAI, GUSD
Overview of important developments in the evening of March 11
Analysis based on this information:
The blockchain and cryp -
MakerDAO Community takes steps to mitigate USDC risk
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 deb
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USDC Stablecoin in Panic but not Doomed
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 th
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V God Buys USDC and DAI Using RAIs in a Big Cryptocurrency Move
It is reported that according to PeckShield statistics, V God\’s address bought USDC and DAI after 14:24 this afternoon. He transferred 500ETH to Reflexer to cas
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Circle’s Losses and the Future of USDC
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
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Encrypted KOL “Shenyu” raises concerns on USDC stability
It is reported that the encrypted KOL \”Shenyu\” tweet analysis said that the USDC has two key nodes. The first is that there are 3 billion USDC mortgages in the
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Increased Activity in USDC Deposits by Crypto Institutions
It is reported that, according to Lookonchain statistics, in the past 24 hours, many encryption institutions have started to deposit or redeem USDCs into Circle
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Robin Hood Suspends USDC Trading and Deposit: A Closer Look
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
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Sun Yuchen Redeems USDC and Transfers to Coin An Exchange
It is reported that according to Paidun data, the address marked as Sun Yuchen redeemed 1 million USDCs linked to Coin An from Venus, and then transferred the f
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USDC price drops down by 11.5% in 24 hours
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.
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USDC Continues to Anchor as a Stable Currency Despite Market Fluctuations
It is reported that the US dollar stable currency (USDC) has continued to expand its anchoring status. According to CoinGecko data, the current USDC has dropped
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Binance Offers New Spot Trading Pairs and Halts BUSD Automatic Exchange Service
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 tr
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Sun Yuchen’s Massive Extraction Leads to Reduced USDCs from Aave V2
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
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Large Deposit of stETH and ETH in Aave Raises Potential Profits
On March 11, according to Lookonchain data, czsamsun.eth deposited stETH and ETH with a value of $129 million in Aave and lent USDT to buy USDCs. At present, th
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The USDC Pause in Compound v2: Managing Volatility
On March 11, the compound government tweeted that due to the volatility of the USDC, the compound v2 Pause Guardian has temporarily disabled the USDC supply tra
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MakerDAO Experiences a Significant Increase in DAIs through PSM
According to reports, MakerDAO said on Twitter that 736 million DAIs have been cast through PSM (USDC) in the past 24 hours, making a net increase of 296 millio