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The total supply of the stablecoin USD Coin (USDC) has decreased from $55.55 billion to $46.57 billion over the past 90 days. According to DeFiLlama, USDC issuer Circle has burned approximately $9 billion of its stablecoin over the past three months. This represents the largest amount of destruction
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Renowned asset management firm GoldenTree has surprisingly announced its interest in developing the SushiSwap (SUSHI) ecosystem. GoldenTree, which manages nearly $50 billion in assets, announced on October 6 its interest in SushiSwap (SUSHI), a multi-chain decentralized exchange (DEX). In a post on the SushiSwap community forum, a representative from GoldenTree
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Binance, the cryptocurrency exchange, has completed its first week of burning Terra Classic (LUNC) fees, but the impact has been less significant than anticipated. As reported by Coin68, Binance recently reversed its earlier stance by committing to burn all Terra Classic (LUNC) transaction fees rather than keeping them. This move
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Telecom giant Deutsche Telekom, the parent company of T-Mobile, has announced its entry into Ethereum staking by launching a flexible staking service. On September 29, the German company confirmed that its T-Systems Multimedia Solutions (MMS) division is collaborating with Proof-of-Stake (PoS) application and DAO StakeWise to operate a staking pool.
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Despite recent improvements in its operational stability, Solana has once again experienced a network outage, and this time it occurred during a period of relatively low market activity and no significant congestion. At 7 AM on October 1, 2022, the Solana Status Twitter account announced an outage. The statement read:
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Judge Analisa Torres has dismissed the SEC's second attempt to retain documents related to former SEC Director William Hinman, who previously declared that Bitcoin and Ethereum were not securities. On September 29, Ripple Labs secured another legal victory against the U.S. Securities and Exchange Commission (SEC) when
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Circle is set to transform USDC into a cross-chain stablecoin, addressing liquidity fragmentation across blockchain platforms. Circle, the company behind the second-largest stablecoin USDC, has announced plans to extend its reach to five new blockchains. This expansion aims to bolster market share and increase liquidity for users. The new platforms
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At this week’s SmartCon event in New York, Chainlink, the leading oracle platform, announced a new initiative aimed at boosting its blockchain ecosystem, dubbed "SCALE." The SCALE program is designed to lower the barriers to entry and reduce costs associated with oracle services and configurations ahead of
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Recently, the Eclipse infrastructure project completed a $9 million seed funding round led by Tribe Capital and Tabiya, bringing the total raised to $15 million following an earlier $6 million pre-seed round. This funding marks a significant step forward for blockchain projects built on the Solana Virtual Machine (SVM). The
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Since Ethereum's successful transition to Proof-of-Stake (PoS), many coins benefiting from this change have rapidly declined in value. However, one notable exception, Ethereum Proof-of-Work (ETHW), has emerged as a hot topic in the community. But will this project prove to be sustainable? What’s Left After The Merge
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Ethereum gas fees have been hitting new lows over the past two years. Have users decided to leave the network? Ethereum Gas Fees Continue to Hit New Lows – Are Users Leaving? Current Context High Ethereum transaction fees have always been a hot topic in the crypto community. However, compared to
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Blockchain project Harmony Protocol (ONE) has shared an update on its compensation plan following the Horizon Bridge hack that occurred in June 2022. The incident began on June 24, 2022, amidst a wave of cross-chain hacks, with Harmony’s Horizon Bridge also falling victim, resulting in an estimated loss of