Sui Stablecoin Transfers Hit $65 Billion After Gasless Fee Push
TL;DR Sui reportedly handled around $65 billion in stablecoin transfers in a five-day stretch after its gasless stablecoin update. The update reduces friction by allowing supported stablecoin transfers without requiring users to hold SUI for gas. The headline number is large, but zero-fee systems can attract bots, arbitrage loops, and repeated high-velocity transfers. The market…
Kraken Enables USDCx Deposits And Withdrawals On Canton Network
TL;DR Kraken has enabled deposits and withdrawals of USDCx on Canton Network. USDCx is backed 1:1 by USDC held in Circle’s xReserve, according to Kraken. Canton is built for regulated financial institutions and tokenized real-world asset workflows. Kraken Adds Canton Network Support For USDCx Kraken has enabled deposits and withdrawals of USDCx on the Canton…
Kraken Adds USDCx Support On Canton As Institutional Stablecoin Rails Expand
TL;DR Kraken says it now supports USDCx deposits and withdrawals on the Canton Network. USDCx is described as a Canton-native stablecoin backed 1:1 by USDC locked in Circle’s xReserve on Ethereum. Canton is a permissioned, privacy-enabled Layer-1 network built for regulated financial institutions and tokenized real-world assets. The move adds another exchange connection to institutional…
Sky Governance Proposal Seeks To Double USDC PSM Buffer To $800 Million
TL;DR BA Labs has proposed doubling key LITE-PSM-USDC-A parameters in the Sky stablecoin system from 400 million to 800 million. The proposal says USDC reserves stand at 4.13 billion, up 108% since the last recalibration in October 2024. The change would raise daily refresh capacity to 1.6 billion and total serving capacity to 2.4 billion,…
Bitcoin Stablecoin Ratio Drops To Extreme Low—What It Means For BTC
On-chain data shows the RSI of the Bitcoin Stablecoin Supply Ratio (SSR) has dropped to a low of 13, a sign that the stablecoin supply is high relative to the BTC market cap. Bitcoin SSR RSI Has Sharply Gone Down Recently In a new SSR” is an on-chain indicator that measures the ratio between the…
USDC Exchange Inflows Hit $350M—Traders Buying The Bitcoin Dip?
On-chain data shows USDC exchange inflows have witnessed a spike after the latest Bitcoin pullback, a potential sign that traders are looking to buy the dip. USDC Exchange Inflows Have Spiked To $350 Million As pointed out by on-chain analyst Maartunn in an X USDC has hit exchanges recently. The indicator of interest here is…
Crypto Decentralization Myth Busted: ETH And USDT Freezes Unveil A Shocking Truth
Crypto pundit Star has highlighted that crypto decentralization is a myth, noting that crypto networks and firms can freeze funds. The pundit specifically alluded to the Tether freeze and Arbitrum’s move to freeze the crypto assets stolen by the Kelp DAO exploiter. Pundit Highlights Crypto Decentralization Myth In an X post, Star stated that centralization…
Stablecoins Go Institutional As Morgan Stanley Rolls Out New Portfolio
With a minimum buy-in of $10 million, Morgan Stanley has made clear this is not a product built for small players. The Wall Street giant quietly unveiled its Stablecoin Reserves Portfolio on Thursday, a new offering that lets stablecoin issuers deposit the cash backing their digital tokens into one of the bank’s money market funds…
Not Binance: Bitcoin Analyst Who Bought At $1 Revealed What Really Caused The October 10 Crash
A veteran Bitcoin evangelist who entered the market when most people had never heard the word “blockchain” is now pointing the finger at the Trump family, not a crypto exchange, as many think, for the liquidation chaos that shook the crypto industry last October. Davinci Jeremie, one of the earliest known Bitcoin adopters, recently shared…
Crypto Analysts Warn: Traders Misreading The Clarity Act Could Miss The Real Opportunity
Circle shares slumped on Tuesday (nearly 20%) after U.S. lawmakers advanced the Clarity Act. This decline has been linked to the Clarity Act draft language that suggests it would curb interest paid on crypto stablecoin holdings. A Key Crypto-Basics Misunderstanding The reason of the sudden drop? The market is misunderstanding the legislation, analyst Gautam Chhugani…