ETF Buying Three Times More Bitcoin Supply than New Bitcoin Supply – Here’s What You Must Know
Bitcoin approaches $69,000 with traders optimistic about continued gains, supported by favorable economic policies and strong ETF inflows.
MiyukiLog in/ Sign up
USDT and USDC Supply Increased by Nearly $3 Billion in a Week
10/08 16:54
Bullish
Bearish
More news about usdc supply
- USDC Circulating Supply Reduced Again by ~$1.3 BillionBullishBearish
More news about usdc supply
- Miyuki
Solana Surpasses $3 Billion in Stablecoin Supply: USDC Spearheads the Surge
Solana's layer-1 blockchain sees stablecoin supply surpass $3 billion, marking 55.72% growth in three months. USDC leads with 73% dominance, reflecting increased liquidity and capital influx. Factors include meme coin frenzy and expanding DeFi activity. Solana's growth signals its pivotal role in digital asset transactions.
Huang BoCircle 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.
EdmundUSDC Set to Shine on Celo Blockchain
Stablecoin issuer Circle is bringing USD Coin (USDC) to the Celo (CELO) blockchain, fostering a strategic alliance to enhance stablecoin accessibility. This move aligns with Celo's vision of becoming a leader in real-world adoption, showcasing potential for further innovations in the evolving crypto landscape.
JoyBitcoin Supply Shock: Over Half of BTC Stays Dormant for 2+ Years, Creating Massive Supply Squeeze
Approximately 57% of Bitcoin remains dormant for over two years, held by Long-Term Holders (LTHs) setting consecutive highs. This resilient group showcases strong conviction, potentially influencing Bitcoin's supply dynamics. The recent approval of Bitcoin spot ETFs by the US SEC and a decline in BTC stored on exchanges further suggest a supply squeeze. Bitcoin is trading around $45,900, reflecting a 4% increase in the past week. Traders monitor these trends for potential impacts on Bitcoin's price movements.
EdmundControversy Arises as Irys Proposes Arweave Fork and Token Supply Reset
Irys plans to fork Arweave, resetting token supply, a move criticized by Arweave's founder as short-sighted and greedy.
BerniceLaos Ceases Power Supply to Cryptocurrency Mining
The announcement, dated August 24, explains that the nation faced a parched climate during the initial half of 2023, leading to intensified heat that subsequently amplified the demand for electricity.
DavinCoinbase Resumes USDC to Dollar Conversion
USDC has regained its $1 peg.
BeincryptoTotal USDC Supply on Ethereum Network Surpasses Tether
The total USDC supply on Ethereum has surpassed that of Tether, making the USDT supply on Ethereum second for the first time.
CointelegraphReport: Total stablecoin supply hits $180 billion
Despite the bearish backdrop for the entire crypto industry, the total stablecoin supply has reached $180 billion, a surge of $9.5 billion over the past 30 days.
Cointelegraph