Evening News Update #Web3

💵 Circle: Issued $7.5B and redeemed $5.7B USDC over the past 7 days, growing supply by $1.8B. Total circulation now stands at 64.5B USDC, backed by $64.7B in reserves.

🐋 On-chain analyst @ai_9684xtpa: Whale 0x54d added 805.1 ETH ($2.89M) 4 hours ago. Total swing trade now at 5,578 ETH ($19.98M) at an average price of $3,583.

🇭🇰 Sources: Hong Kong to issue stablecoin licenses via an invite-only process during the initial phase.

⚖️ FTX creditor rep @sunil_trades: Bahamas claim process may fall under UK/EU jurisdiction, requiring additional approval.

📊 Coinglass: If BTC breaks $120K, major CEXs could see $1.503B in short liquidations; if it drops below $116K, long liquidations could hit $1.31B.

#USDC #Circle #ETH #Whale #FTX #BTC #Liquidation #HongKong #stablecoin #CryptoNews #Web3