blockchainupdate

In a significant move, the $USDC Treasury has destroyed approximately 50 million USDC tokens on the Ethereum blockchain. According to Whale Alert and reported by PANews, this event took place today at 21:39 UTC+8, signaling a major adjustment in the circulating supply of the stablecoin.
What is a Token Burn?
A token burn refers to the permanent removal of tokens from circulation, typically done by sending them to an irrecoverable wallet address. This mechanism is often used to manage supply, maintain price stability, or address excess liquidity in the market.
Effects of Burning 50 Million $USDC
Reduced Circulating Supply
The removal of 50 million USDC decreases its total supply, potentially increasing scarcity if demand remains constant. This could provide price stability and enhance confidence in the token's backing.Enhanced Peg Stability
Stablecoins like USDC aim to maintain a 1:1 peg with the U.S. dollar. Token burns can help restore balance when the supply exceeds market demand, ensuring the peg remains intact.Market Liquidity Adjustment
By burning tokens, the USDC Treasury may be responding to excess liquidity or decreased demand in the market, which could help avoid oversupply issues.Impact on DeFi Ecosystem
USDC is widely used in the DeFi space for lending, borrowing, and trading. A reduced supply could slightly impact liquidity pools or borrowing rates but is unlikely to cause major disruptions unless similar burns occur frequently.Signal of Active Management
This burn demonstrates that Circle (the issuer of USDC) is actively managing the token's supply to maintain its utility and trust in the market.
Why Does This Matter?
As one of the leading stablecoins, USDC plays a critical role in the crypto ecosystem. Moves like this burn are closely watched as they reflect the issuer's commitment to maintaining its value and utility in the market.
What’s Next?
While this burn may not lead to immediate market shifts, it reinforces the active supply management strategies of stablecoin issuers. Traders, investors, and DeFi participants will likely keep an eye on further developments to gauge their long-term effects on the ecosystem.
What do you think about this token burn? Share your thoughts! 💬
#Ethereum #USDCBurn #Stablecoins #CryptoNews #BlockchainUpdate 🪙📈
$USDC

The U.S. SEC just fired a regulatory warning shot straight into the heart of Web3 — and it’s about to change the game for every crypto founder, investor, and builder.
What’s the deal?
The SEC has released **new guidance** demanding that crypto tokens acting like securities must:

- Register like traditional financial assets
- Disclose risks, financials & smart contract code
- Reveal their full team and business operations
- Follow frameworks like Reg S-K, Form S-1, and Form 10

Why you should care:
If your token looks like a stock — it’s now *officially* being treated like one.

The fallout?
- Cleaner space: Scams may get crushed under compliance
- More trust:Institutional money could flow in
- Short-term chaos: Some projects will freeze, rework, or vanish altogether
Bottom line:
The wild west days are over. Regulation is here — and the SEC is watching every block.

#SECGuidance #CryptoRegulation #BlockchainUpdate #Web3 #Write2Earn!

Binance to Support Horizon ($ZEN ) Network Upgrade on March 11, 2025
$ZEN
Dear Binancians,

Exciting news for Horizon ($ZEN ) users! Binance is fully backing the upcoming Horizon (ZEN) network upgrade, ensuring a faster, smoother, and more secure experience for all.

Upgrade Highlights:

🚀 Upgrade Schedule: Expected at block height 1,730,680, occurring on March 11, 2025, at 13:00 (UTC).
⏳ Temporary Suspension: Deposits and withdrawals of Horizon (ZEN) tokens will be paused from 12:00 (UTC) on March 11, 2025 to facilitate the upgrade.
💹 Trading Unaffected: Continue buying and selling as usual—trading remains uninterrupted.

What You Need to Know:

✔ No Action Required – Binance will handle everything seamlessly for you.
✔ Automatic Resumption – Deposits and withdrawals will resume once the network is stable. No further announcement will be made.
✔ Stay Updated – For accurate details, refer to Binance’s official English announcement.

At Binance, we prioritize your trading experience and security. Sit back, relax, and trade with confidence—Binance has got you covered!

Binance Team
March 5, 2025

James Howells, a UK-based computer engineer, has intensified his quest to recover a hard drive allegedly containing 8,000 Bitcoin—now valued at around $784 million—by proposing to purchase the landfill where he believes the device was discarded. In 2013, Howells claims his former partner mistakenly threw away the hard drive, which at that time held Bitcoin worth between $400,000 and $2 million, given the cryptocurrency’s trading range of $50 to $246.
This new development follows Howell’s unsuccessful legal battle against Newport City Council last year, where he sought either access to the site or compensation amounting to £495 million ($646 million). The council resisted, citing logistical and environmental concerns. However, recent reports from the BBC indicate that the landfill, located at Newport’s Docks Way, is scheduled for closure during the 2025/26 fiscal year, with plans underway to repurpose the site for a solar energy project to power the council's new fleet of waste collection vehicles.
Reacting to this news, Howells expressed surprise at the council’s plans, noting an apparent contradiction. “The council’s decision to close the landfill soon is unexpected, especially since they previously argued in High Court that halting landfill operations for my search would severely impact Newport residents. Now it appears they were planning to shut it down regardless,” he commented.
As the site’s closure approaches, Howells remains determined, highlighting both the personal and historical significance of recovering the hard drive. The outcome could set a precedent for similar cases involving lost digital assets and public property regulations.
For more updates on this story and other blockchain news, follow us on X and Telegram, and subscribe to our newsletter—we promise no spam!

#BitcoinTreasure
#CryptoNews
#BlockchainUpdate
#LostBitcoin
#DigitalAssets

The AI-powered crypto sector just took a $2.5 billion nosedive, marking an 8.5% plunge in market value as fresh trade conflicts between the U.S. and China send shockwaves across the tech world. The decline was sparked by Washington slapping a 10% tariff on Chinese imports, pushing Beijing to retaliate with antitrust probes targeting American tech giants like Google and NVIDIA. Rumors are swirling that Intel could be next on China’s radar, raising alarms about a broader tech crackdown that might rattle the global blockchain ecosystem.

AI-driven blockchain projects weren't spared from the fallout. NEAR, Bittensor, and Ai16z all saw sharp drops, with Ai16z leading the pack, crashing by 13%. The sector's total market cap has now slid to $29.2 billion, marking its biggest single-day loss in recent times. Investors are particularly anxious about NVIDIA’s legal troubles, fearing disruptions in AI hardware supply chains—a critical component for blockchain networks dependent on high-performance computing (HPC).

China didn't hold back, slapping a 15% retaliatory tariff on select U.S. products, further fueling market jitters. With tensions escalating, the road ahead for AI-integrated blockchain projects looks increasingly uncertain. Institutional investors are pulling back, bracing for more legal showdowns and tighter regulations that could throttle the sector's growth. If China expands its scrutiny to other U.S. semiconductor leaders like Qualcomm, the market could see even deeper losses.

However, hope isn't lost. Diplomatic efforts could still ease the trade strain, potentially steering the market towards recovery. But for now, volatility is the name of the game. Investors worldwide are keeping a close eye on Washington and Beijing, knowing that any policy shifts could dramatically alter the course of AI-powered crypto assets.

🔍 Will this be a temporary dip or the start of a larger correction? The coming weeks will be crucial as the world watches the next moves in this high-stakes geopolitical chess match.

BOOM: Cardano (ADA) is now part of the official U.S. Strategic Crypto Reserve, alongside BTC, ETH, XRP & SOL!
Within hours of the announcement, $ADA soared +70%, and the buzz is only getting louder.
But this isn’t just a pump—Cardano brings real value:
Eco-friendly PoS blockchain
Decentralized governance via Project Catalyst
Scalable with the Hydra upgrade incoming
Analysts say if ADA breaks $1.14, it could rally to $2+ soon.
However, controversy brews…
Unusual wallet movements and heavy buy volume before the news have sparked insider trading rumors.
Love it or hate it, ADA is now in the big leagues.
Will you ride the wave or watch from the sidelines?
#Cardano #ADAto2Dollars #CryptoNews #BlockchainUpdate #DigitalAssetReserve

Cardano ($ADA ) marks a significant turning point today with the launch of the Plomin hard fork, ushering in a new era of decentralized governance for the blockchain. This upgrade is a game-changer, as it gives ADA holders the power to directly vote on key network decisions such as parameter adjustments, treasury fund management, and future protocol changes, including hard forks. This move is expected to strengthen community involvement and transparency, positioning Cardano to achieve greater trust and engagement in the long term.
However, despite the excitement surrounding this milestone, ADA's price has faced some challenges in recent weeks. A 10% decline in ADA's value has raised concerns, and much of the downward pressure is being attributed to a sharp drop in whale activity. Recent data from IntoTheBlock indicates a massive 90% decrease in netflow from significant investors, suggesting that large holders are exiting their positions. As selling activity rises, market supply has increased, contributing to the token’s depreciation.
Technical indicators also reflect the strain ADA is under, with the Relative Strength Index (RSI) currently at 45.49, pointing to increased selling pressure but not yet signaling an oversold market. In light of this, analysts predict that ADA may dip further, possibly reaching a low of $0.82 before finding support. However, if market sentiment shifts and buying activity picks up, ADA could see a reversal, potentially pushing its price back above the $1 mark.
While the Plomin hard fork represents a significant step forward for Cardano’s decentralization efforts, the current market conditions highlight the need for careful monitoring. Investors and enthusiasts will be looking closely to see if this update can stabilize ADA’s price and drive renewed optimism.

#Cardano #ADA #PlominHardFork #Decentralization #BlockchainUpdate