Merrill Voong GU7l
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USDC Adoption Surges on Ethereum, Hitting All-Time Highs
USDC is making major waves on the Ethereum network!
According to recent data from Token Terminal (via BlockBeats), USDC usage has reached record-breaking levels — with a current outstanding supply of nearly $4 billion. Even more impressive is the monthly transfer volume, soaring to $635 billion, along with 7.2 million transactions recorded in just one month.
This explosive growth signals a strong demand for stablecoins within DeFi and beyond, as users increasingly turn to USDC for fast, secure, and transparent transactions on Ethereum.
$BTC $ETH
#BTC #ETH #stablecoin #CryptoNews
USDC is making major waves on the Ethereum network!
According to recent data from Token Terminal (via BlockBeats), USDC usage has reached record-breaking levels — with a current outstanding supply of nearly $4 billion. Even more impressive is the monthly transfer volume, soaring to $635 billion, along with 7.2 million transactions recorded in just one month.
This explosive growth signals a strong demand for stablecoins within DeFi and beyond, as users increasingly turn to USDC for fast, secure, and transparent transactions on Ethereum.
$BTC $ETH
#BTC #ETH #stablecoin #CryptoNews
Australian Senator Labels Bitcoin a 'Ponzi Scheme,' Faces Backlash from Crypto Community
Australian Senator Gerard Rennick has stirred controversy with recent comments made on the social media platform X, where he referred to Bitcoin as a "Ponzi scheme" and questioned its intrinsic value by stating it "cannot be eaten."
His remarks quickly drew criticism from the crypto community, with the Australian Bitcoin Industry Body (ABIB) responding that the senator's views reveal a serious misunderstanding of Bitcoin and its role in the modern financial system.
Prominent Bitcoin advocates also came forward to defend the digital asset, underscoring its significance as a decentralized store of value and a powerful tool for financial freedom.
The incident highlights the ongoing divide between traditional policymakers and the evolving digital economy, emphasizing the need for informed dialogue around crypto policy and innovation.
$BTC
#BitcoinNews #ponzischemesonbinance
#CryptoTrends2024 #DigitalAssetsDaily #BitcoinDebate
Australian Senator Gerard Rennick has stirred controversy with recent comments made on the social media platform X, where he referred to Bitcoin as a "Ponzi scheme" and questioned its intrinsic value by stating it "cannot be eaten."
His remarks quickly drew criticism from the crypto community, with the Australian Bitcoin Industry Body (ABIB) responding that the senator's views reveal a serious misunderstanding of Bitcoin and its role in the modern financial system.
Prominent Bitcoin advocates also came forward to defend the digital asset, underscoring its significance as a decentralized store of value and a powerful tool for financial freedom.
The incident highlights the ongoing divide between traditional policymakers and the evolving digital economy, emphasizing the need for informed dialogue around crypto policy and innovation.
$BTC
#BitcoinNews #ponzischemesonbinance
#CryptoTrends2024 #DigitalAssetsDaily #BitcoinDebate
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