Bitcoin Trader Robbed at Knifepoint for $800K
Robbers in the UK held a crypto trader at knifepoint, stealing $800K. A flagged Solana wallet was emptied quickly. Chainalysis reports rising home invasion incidents. #Breaking #Security $SOL
USDC
USDC Redemptions Delayed as Reserves Stuck
@Circle may delay European USDC redemptions if reserves cannot transfer between its French and U.S. entities, impacting access to cash during stress events. #Update #Crypto $USDC
Solana Trade Costs Plummet Amid Pool Returns Crash
@JumpCrypto’s study reveals that propAMMs lower Solana ($SOL) trade costs significantly, with execution costs of 0.26 basis points versus 2.59 for public AMMs, raising concerns over passive liquidity returns. #Update #Crypto $SOL
Aave Hikes GHO Borrow Rates 15%
@Aave has increased the borrowing rate for GHO to 4.5%, aiming to replenish depleted USDC reserves; however, effective liquidity depends on stablecoins entering the GHO Stability Module. #Update #Crypto $GHO
Crypto Syndicate Exposed by ZachXBT’s Infiltration
Blockchain investigator ZachXBT infiltrated a Chinese laundering syndicate, tracing over $1 billion in funds linked to the Lazarus Group and resulting in Tether freezing 442,000 USDT. #Update #Crypto $USDT
Aave Launches Live Stock-Token Loans Exposing USDC
@Aave’s Base market now accepts seven Coinbase stock tokens as collateral for USDC loans, exposing lenders to weekend price gaps. The draw cap is $21 million #Update #Crypto $USDC
USDC Transfer: Lloyds Sends Visa $750K
Lloyds settled $750K in Visa obligations using $USDC, completed in under an hour during a seven-day pilot, showcasing stablecoin efficiency beyond banking hours. #Update #Crypto $USDC
Coinbase Launches Stablecoin Payments with Citi
Citi and @Coinbase expand partnership to integrate stablecoin payments into corporate banking, allowing Citi clients to accept stablecoins and Coinbase customers to access virtual accounts. #Update #Stablecoin
USDC Integrates Banking Platforms for Institutions
Volante Technologies and Circle collaborate to integrate $USDC workflows into Volante’s payment platform, enabling banks to evaluate stablecoin payments alongside existing operations. #Update #Stablecoin $USDC
Coinbase Launches CFTC-Approved USDC Clearinghouse
Coinbase Clearing LLC has been registered by the CFTC as a Derivatives Clearing Organization, enabling it to clear fully collateralized derivatives using USDC with 24/7 settlement. #Update #Legal
Tron Moves $30T TRX Price Stagnant
Tron DAO announced $30 trillion settled on Tron, with $92.6B USDT supply, yet $TRX remains flat over the year. #Update #Crypto $TRX
Coinbase CEO Challenges Banks in Stablecoin Battle
Coinbase CEO Brian Armstrong argues USDC rewards differ from bank interest due to 1:1 reserves, sparking debate on stablecoin regulation after CLARITY Act failure. #Update #Crypto $USDC
Bitcoin Launches USDC Loans on Circle Mint
@Circle has launched Digital Asset-Backed Borrowing, allowing institutional clients to borrow USDC against bitcoin collateral without selling it, supporting Morpho on Arc and Ethereum. Each cirBTC is backed 1:1 by bitcoin. #Update #Crypto $USDC
Aave V4 Arc Market Holds $76M USDC
Aave V4 launched on the Arc Layer-1 network with $76 million in USDC supplied but only $100,000 borrowed, leading to a utilization rate of 0.1%. #Update #Crypto $USDC