Cointime

Download App
iOS & Android

Proposal to add EURC to Avalanche Aave V3 opens temperature check voting

The proposal to add EURC to Avalanche Aave V3 has opened a temperature check vote on the community governance forum. EURC is Circle's euro-backed stablecoin, and the proposal suggests that adding EURC will have a net positive impact on the Aave and Avalanche ecosystems due to the DeFi synergies generated by users depositing or borrowing EURC on Aave. If consensus is reached, this proposal will be upgraded to the TEMP CHECK snapshot phase.

Comments

All Comments

Recommended for you

  • Over $155 million worth of MEME will be unlocked on May 3, accounting for 31.96% of the circulating supply

    According to Token Unlocks data, 5.31 billion MEME tokens, worth over $155 million, will be unlocked on May 3, 2024, accounting for 31.96% of the circulating supply. These tokens will be unlocked and distributed to airdrops, advisors, and investors.
  • The total open interest of BTC options is $17.83 billion, and the open interest of ETH options is $8.07 billion.

    Coinglass data shows that the nominal value of unclosed BTC option positions on the entire network is 17.83 billion US dollars, which is the lowest point since February 26; the nominal value of unclosed ETH option positions is 8.07 billion US dollars, which is the lowest point since February 25.
  • USDC circulation increased by $300 million in the past week, reaching a total of $33.3 billion

    According to official data reported , as of April 25th, Circle has issued a total of 3.8 billion USDC and redeemed approximately 3.5 billion USDC in the past 7 days, with an increase in circulation of approximately 300 million US dollars. The total circulation of USDC is 33.3 billion US dollars, with a reserve of 33.5 billion US dollars, of which approximately 3.4 billion US dollars are in cash, and the Circle Reserve Fund holds approximately 30.1 billion US dollars.
  • Grayscale transferred more than 1,000 BTC to Coinbase Prime address again last night

    According to Arkham data monitoring, the grayscale address transferred about 411 BTC to Coinbase Prime last night, and about 14 hours ago transferred 1003 BTC to Coinbase Prime address again, worth about $64.18 million.
  • Justin Sun has deposited 166 million USDT to Binance in the past 7 hours

    According to on-chain analyst @ai_9684xtpa, in the past 7 hours, Sun Yuchen has accumulated a total of 166 million USDT deposited into Binance.
  • An address transferred 8150 ETH to Galaxy Digital OTC address 8 hours ago

    According to on-chain analyst @ai_9684xtpa monitoring, 8 hours ago, address 0x4E8...fA555 transferred 8,150 ETH (valued at $25.64 million) to Galaxy Digital OTC address, suspected of commissioning sales.
  • Suspected Amber Group address withdraws 3 million SAFE from Gate.io

    Spot On Chain monitoring shows that wallet 0x011 (possibly Amber Group) withdrew 3 million SAFE tokens (worth $6.72 million) from Gate.io for the first time at a price of $2.25, six hours ago. It is worth noting that the price of SAFE has fallen by about 36% since April 23, 2024.
  • Grayscale GBTC Bitcoin holdings fell below 300,000 BTC

    Official data from Grayscale shows that as of April 26th local time, GBTC's Bitcoin holdings have fallen below the 300,000 BTC mark to 298,445.4699 BTC, a decrease of approximately 2,167 BTC from the previous day. Additionally, GBTC's assets under management (non-GAAP) have decreased to $19,052,609,573.56, and its circulating shares have decreased to 335,190,100.
  • New Stablecoin Bill Introduced in US Senate to Regulate Dollar-Pegged Digital Assets

    Senators Cynthia Lummis and Kirsten Gillibrand have proposed a new bill that aims to establish definitions for dollar-pegged digital assets and their issuers. The bill mandates that payment stablecoin issuers meet reserve and operational requirements, including creating subsidiaries specifically for issuing stablecoins. Additionally, stablecoin issuers must deal in dollar-backed tokens and ensure their tokens are fully backed by reserve assets. The proposed legislation seeks to define how stablecoins will operate in the US and would prohibit algorithmic stablecoins. There are ongoing discussions about attaching stablecoin legislation to a must-pass bill reauthorizing the Federal Aviation Administration, and Senator Sherrod Brown has indicated that specific safeguards must be included for the legislation to move forward.
  • UK to Issue New Legislation for Stablecoins and Crypto Activities by June/July, says Economic Secretary

    The U.K. government plans to introduce new legislation for stablecoins, as well as for crypto staking, exchange, and custody by June or July of this year. Economic Secretary Bim Afolami announced this at the Innovate Finance Global Summit on Monday, stating that the government aims to make the U.K. a global hub for crypto. The legislation will bring a range of crypto asset activities within the regulatory perimeter for the first time. The U.K. passed a financial markets bill in 2023, laying the foundation for regulated financial activities in the country, and the government has consulted with local regulators on its ambitions to regulate crypto.