Stablecoins' Market Caps Surge by 25%, Indicating Cryptocurrency Market Rebound

Cryptocurrency market bounce aligns with stablecoin market cap growth, signaling increased industry inflows. Recent plateau suggests stagnant sentiment. Future stablecoin trends may offer insights into broader market direction.

Sonne Finance and BlockTower Capital Fall Victim to Hacking: Losses Surpass $20 Million

Cyvers detected a coordinated attack on Sonne Finance and BlockTower Capital, resulting in substantial losses. Sonne's Optimism Market was suspended after a theft of $20 million, while BlockTower suffered partial fund drainage. The incident highlights the ongoing threat to DeFi security.

Are Stablecoins Poised for Ascendency or Doomed to Fail?

Besides raising red flags on the stability of the stablecoin market, Deutsche Bank's research analysts expressed particular concern about Tether's prominent position in the stablecoin market, highlighting issues such as speculation and a perceived lack of transparency.

Mango Markets $110M Exploiter Avraham Eisenberg Convicted After Jury Deliberations

Following convictions for wire fraud, commodities fraud, and commodities manipulation, he could potentially face a maximum sentence of 20 years in prison.

FixedFloat Exchange Targeted by Hackers, $3M Drained in Ethereum, Tron

Despite implementing security upgrades following a previous breach, FixedFloat emphasises that user funds remain secure and unaffected.

Binance Ends USDC Support on Tron Network

Binance discontinues TRC-20 USDC support, prompting users to convert holdings. Circle and Tron remain silent on the matter. USDT surpasses $100B market cap amid concerns over asset backing and regulatory scrutiny.

Popular Web3 MMORPG Ragnarok Landverse Teams Up with Ultraman

Ragnarok Landverse and Ultraman are teaming up to offer players thrilling quests and adventures in the popular MMORPG. With exclusive costumes and event-exclusive dungeons, players can immerse themselves in the action from February 26 to March 24.

Is Circle's USDC Token Exit from TRON Blockchain Linked to Terrorism Concerns?

Circle has decided to stop supporting USDC on the TRON blockchain due to risk management concerns, possibly influenced by allegations of TRON's involvement in terrorism financing. Despite this, TRON's cryptocurrency, TRX, continues to perform well in the market.

Visa Simplifies Crypto-to-Fiat Withdrawals in Over 145 Countries

Visa and Transak's collaboration facilitates seamless crypto-to-fiat conversions directly to Visa debit cards, offering users in 145 countries a faster and more accessible experience. This move signifies a substantial step towards mainstream acceptance and utilization of cryptocurrencies, enhancing the global reach of digital assets.

Circle Internet Financial Initiates Confidential IPO Filing for USDC Stablecoin Custodianship

The timing of Circle's IPO hinges on the completion of the review process by the Securities and Exchange Commission, coupled with prevailing market conditions.

Circle and Overdare Collaborate on Web3 Wallets and USDC Payouts

Circle and Overdare partner to integrate Web3 wallets in the metaverse, enabling USDC payouts for game developers. Circle CEO sees this as shaping the future of digital entertainment. Overdare merges Unreal Engine 5 with NFT monetization, empowering players to create and earn.

Did Circle end support on Tron for its IPO plans?

Circle discontinues USDC on Tron, citing risk management, impacting USDC holders and Tron's DeFi ecosystem. Options for transfer to supported networks provided amidst regulatory concerns and strategic shifts.

Circle Ceases Minting USDC on Tron Network

Circle discontinues support for USDC on Tron blockchain, citing trust and safety concerns. Immediate halt in USDC minting on Tron; retail users urged to transition to other networks. Decision follows scrutiny over Circle's ties to Tron founder amid legal actions.

Circle, USDC Stablecoin Issuer, Takes a Leap with Confidential IPO Filing in the U.S.

Circle, a major player in the cryptocurrency space and issuer of the USDC stablecoin, has confidentially filed for an IPO with the SEC. The move reflects Circle's resilience and commitment to navigating the complex dynamics of the current financial market, marking a pivotal moment in its growth trajectory.

USDC被USDT“打骨折” Circle谋IPO求活？

Circle Internet或IPO Robinhood将在欧盟推交易平台

Stablecoin Issuer Circle Blames SEC for Derailing $9B Plans to Go Public

Circle’s plans to go public last year via a $9 billion SPAC merger failed due to inaction by the United States Securities and Exchange Commission, the crypto firm alleges. 

USDC Issuer Circle Plans To Pour Investment In Circle Reserve Fund

The USDC issuer has started investing funds into its CRF (Circle Reserve Fund) to ensure that holders can redeem their coins when they want.

Circle discloses full breakdown of $55.7B USDC reserves

As of June 30, about 75.6% of Circle’s reserves were held in U.S. Treasuries and 24.4% were held in cash at regulated financial institutions.

USDC’s ‘real volume’ flips Tether on Ethereum as total supply hits 55.9B

At least on the Ethereum network, USDC real volume has nearly doubled that of USDT in the past 24 hours which could be another sign that the top stablecoin's dominance is coming to an end.