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Keisha Rucki lWQC
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Bearish
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Market today seems Bearish..
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$BTC
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BTC
87,962.61
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Keisha Rucki lWQC
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USDC Treasury Burns 150 Million Tokens on Ethereum to Manage Supply The USDC Treasury executed a significant burn of approximately 150 million USDC tokens on the Ethereum blockchain. This process involved three separate transactions, each destroying about 50 million USDC at different times throughout the day. Token burns are a standard mechanism used by stablecoin issuers like Circle to manage the circulating supply of USDC. By reducing the number of tokens in circulation, the Treasury aims to maintain the stablecoin's peg to the US dollar, ensuring its value remains consistent. These burns are publicly recorded on the Ethereum blockchain, providing transparency and allowing users to verify the transactions. Such actions are part of broader efforts to uphold the stability and reliability of USDC in the cryptocurrency market. For real-time updates and detailed transaction records, users can refer to blockchain explorers like Etherscan or monitoring services such as Whale Alert.
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NFT Sales Cool Down in April Across Major Blockchains April saw a noticeable decline in NFT sales volume across several leading blockchains, including Ethereum, Solana, and Polygon. Total NFT trading volume dipped by over 20% compared to March, reflecting a market-wide cooldown after a strong Q1. Fewer high-profile drops and reduced speculative activity contributed to the slowdown. Despite the dip, blue-chip NFT projects held relatively steady, and developer activity in the space remains strong, hinting at future momentum.
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Latest News
Bitcoin(BTC) Drops Below 88,000 USDT with a 2.43% Decrease in 24 Hours
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BNB Drops Below 880 USDT with a 1.38% Decrease in 24 Hours
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ECB Expected to Maintain Interest Rates Amid Economic Forecasts
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High Probability of Interest Rate Hike by Bank of Japan in December
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