π The total value of stablecoins in circulation has climbed past $250B, more than doubling from a ~$123B low in mid-2023.
#USDT remains dominant at 62%, followed by #USDC at 24%, while a growing tail of stables like #USDe, #DAI, and #BUIDL gains ground.
#stablecoin supply acts as cryptoβs monetary base, and its steady growth signals increasing liquidity, investor confidence, and readiness for deployment.
#USDT remains dominant at 62%, followed by #USDC at 24%, while a growing tail of stables like #USDe, #DAI, and #BUIDL gains ground.
#stablecoin supply acts as cryptoβs monetary base, and its steady growth signals increasing liquidity, investor confidence, and readiness for deployment.
π΄ββ οΈ 0x0cdC lost ~$21M on Hyperliquid due to a private key leak. The hacker transferred the stolen funds, which included 17.75M #DAI and 3.11M #MSYRUPUSDP, to Ethereum. x
β€1
β A lawsuit has been filed against Coinbase due to the freezing of cryptocurrency allegedly linked to a phishing attack on #DAI amounting to $55 million, carried out in August 2024. #regulation
πΊπΈπ³ Whale and institutional transactions:
1. The US government transferred 319 #ETH ($673k), 643,035 #DAI, and 290,416 #USDT (confiscated funds from FTX Alameda) to Coinbase Prime's account.
2. Two wallets simultaneously opened 10x long positions on #PEPE, with a total volume of 924.7 million kPEPE ($3.37 million).
1. The US government transferred 319 #ETH ($673k), 643,035 #DAI, and 290,416 #USDT (confiscated funds from FTX Alameda) to Coinbase Prime's account.
2. Two wallets simultaneously opened 10x long positions on #PEPE, with a total volume of 924.7 million kPEPE ($3.37 million).