Whale Alert
100,000,000 $USDC (≈$100M USD) has been burned at USDC Treasury.
100,000,000 $USDC (≈$100M USD) has been burned at USDC Treasury.
Burning $USDC reduces the total supply in circulation, which can potentially increase its value if demand remains constant.
The USDC Treasury oversees the burning of tokens as part of its strategy to maintain the stability and integrity of the USDC stablecoin.
Stories our editors think pair well with this one.
500M $USDT (≈499.7M) moved from #Binance to Tether Treasury.
110M $USDT (≈109.9M) moved from #Aave to unknown wallet.
400M $USDT (≈399.8M) moved from unknown wallet to #Poloniex.
63K $ETH (≈111.6M) moved from unknown wallet to unknown wallet.
Zero-commission US stock trading slots into a super-app roadmap as Gemini joins the commission-free brokerage race already anchored by Robinhood.
A nine-figure ETH transfer to a US venue is the kind of flow that reads as positioning rather than arbitrage, and CoinShares' ETP book gives the deposit a plausible desk read.
Catch up on earlier coverage from this beat.
Concentrated supply plus bear-trap wicks can be used to liquidate both sides of the book — the trader cites RIVER, COAI and MYX as the template.
646 $BTC (≈51.2M) moved from Coinbase Institutional to unknown wallet.
The retest of the 2021 all-time high range doubles as a neckline throwback on a multi-year inverse head-and-shoulders — and the 200-week moving average is sitting right under it.
The 14% weekly drop lines up with $4B in spot ETF outflows and roughly $400B deployed into AI infrastructure over six months — bears read it as a structural break, Saylor reads it as rotation.
Total supply is at a record high, yet net monthly growth is just 0.3% as USDT gains of $5B are offset by $4.2B in combined USDC, USDe, and PYUSD outflows.
Two-plus years of operational data from SBI Holdings — not a pilot deck — reframes the SWIFT replacement debate, with a Bank of Japan lending program now extending the corridor to institutional desks.
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