Whale Alert monitoring shows that at 4:42 AM on December 12th Beijing time, 50 million USDC were destroyed in the USDC Treasury, worth $50,039,999.

According to data from Circle's official website, Circle issued a total of 1.4 billion USDC and redeemed 1.5 billion USDC in the past seven days, reducing the circulation by 100 million. As of December 7th, the total circulation of USDC was 24.3 billion, with a reserve of 24.4 billion US dollars, including 1.7 billion US dollars in cash, and Circle Reserve Fund held 22.7 billion US dollars. In addition, Circle issued 200,000 EURC and redeemed 500,000 EURC in the past seven days, reducing the circulation by 300,000. As of December 7th, the total circulation of EURC was 51.1 million EURC, with a reserve of 51.2 million euros, all in cash.

Coinbase, a top US-based cryptocurrency exchange, has announced the launch of instant global transfers of the stablecoin USDC through social media apps. According to Coinbase, users of its crypto wallet can now send money across the world without the complexities of bank transfers. The money can be sent instantly anywhere in the world using popular social media platforms such as WhatsApp, Telegram, Facebook, iMessage, TikTok, Instagram, or even just an email. Coinbase Wallet is available in 130 countries, making remittances easier, and there are no fees associated with sending the USDC.

Sui, a Layer 1 blockchain created by the team behind Meta's Diem blockchain initiative, has surpassed $100 million in bridged USDC just seven months after its launch. This achievement solidifies Sui's position as one of the top DeFi protocols globally and follows its recent milestone of surpassing $175 million in Total Value Locked (TVL). The network's success can be attributed to its decentralized ecosystem and independent builders, with seven projects standing at over $10 million in TVL and 11 projects exceeding the $2 million mark. Sui has also made strategic moves to fortify the security and reliability of its ecosystem, including an ecosystem investment with leading Web3 security firms OtterSec and Zellic.

According to Spot On Chain monitoring, the whale address 0x192 has purchased 191.3 WBTC with 7.97 million USDC and USDT at an average price of $41,652 in the past 15 hours. It is worth noting that the whale address, which starts with 0x109, obtained its stablecoin from another whale address. Currently, the total profit estimated from WBTC obtained by this whale is $3.65 million. Currently, these two whales jointly hold 319.4 WBTC (worth $13.4 million) in two addresses.

According to @ai_9684xtpa monitoring, the big short seller of LINK has expanded its borrowing to 108,300 tokens with a health factor of 1.11. In the past 24 hours, the big short seller has added 280,000 USDC tokens to Aave and borrowed a total of 63,000 LINK tokens (worth $960,000). They then sold 53,000 tokens in batches on the chain and repaid 175 WETH tokens and 11.72 WBTC tokens borrowed earlier. Prior to this, on November 20, the short seller added 50,000 USDC tokens as collateral to Aave and borrowed 10,000 LINK tokens, and then continued to short LINK in a cycle by "selling LINK for stablecoins, adding collateral, and borrowing LINK."

Circle issued a total of 1.5 billion USDC and redeemed 1.4 billion USDC in the past 7 days, with an increase of 100 million in circulation. As of November 30th, the total circulation of USDC is 24.4 billion, with a reserve of 24.6 billion US dollars, including 1.9 billion US dollars in cash, and Circle Reserve Fund holds 22.7 billion US dollars.

Circle, the issuer of USDC stablecoin, has denied allegations of illicit financing and connections to Tron founder Justin Sun in an open letter to US senators Elizabeth Warren and Sherrod Brown. The letter, signed by Circle's chief strategy officer and head of public policy, Dante Disparte, dismissed claims made by non-profit watchdog group Campaign for Accountability (CfA) that Circle had ties to Sun and facilitated major flows of funds to Hamas or Hezbollah. Disparte stated that Circle does not finance illicit actors and does not provide financial services to Justin Sun or any entity owned or controlled by him. The allegations against Circle are based on unverified social media posts, and Circle terminated all accounts held by Sun and his affiliated companies in February 2023.

According to data from Circle's official website, Golden Finance reported that Circle issued a total of 1.6 billion USDC in the past 7 days, redeemed 1.2 billion USDC, and increased the circulation by 400 million USDC. As of November 24th, the total circulation of USDC was 24.6 billion, with a reserve of 24.8 billion US dollars, including 2.1 billion US dollars in cash, and Circle Reserve Fund holding 22.7 billion US dollars.

According to Spot on China monitoring, a whale with an address starting with 0x915 sold 13 million RLB (worth 2.275 million USD) at an average price of 0.175 USD, causing a 6.3% price drop about 12 hours ago. In the past two weeks, the whale has sold 30.4 million RLB at an average price of 0.182 USD and exchanged it for 5.536 million USDC.