Whale Alert
119,826,514 $USDC (≈$119.9M USD) has been burned at USDC Treasury.
119,826,514 $USDC (≈$119.9M USD) has been burned at USDC Treasury.
Burning $USDC reduces its circulating supply, which can potentially increase its value if demand remains steady.
The frequency of burns by USDC Treasury is not specified in the body, but such actions typically occur as part of supply management.
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The fight over which agency runs the reserve matters more than the reserve itself: without a clear legal home, the policy sits in limbo and Treasury's audit-only framing could box out any future…
190.7M $USDC (≈190.7M) moved from #Aave to Unknown Whale 1.
150M $USDC (≈150M) moved from unknown wallet to #Ethena.
250M $USDC (250M USD) has been minted at the USDC Treasury.
Analysts see the move trimming the single biggest overhang on $BTC's drawdown path, but the market has watched this trade get repriced twice already.
1K $BTC (≈66.1M) moved from #Kraken to unknown wallet.
Catch up on earlier coverage from this beat.
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