Jump Crypto deposited 1560 BTC worth $99.2 million into Binance this week

As of August 13th, Circle issued approximately 5.4 billion USDC, redeemed approximately 5.3 billion USDC, and increased its circulation by approximately 100 million pieces within the 7-day period. The total circulation of the USDC is 71.9 billion pieces, and the reserve is about 72.6 billion dollars, of which the overnight reverse treasury bond bond repurchase is about 47.7 billion dollars, the treasury bond with a maturity of less than three months is about 13.5 billion dollars, the deposits of systemically important institutions are about 10.2 billion dollars, and the deposits of other banks are about 1.2 billion dollars.

The Hong Kong Securities and Futures Commission has issued a notice reminding the public to be vigilant against multiple fraudulent websites impersonating licensed virtual asset trading platform Hash Blockchain Limited, and clarifying that the relevant websites have no connection with the virtual asset trading platform licensed by the Commission.

According to Onchain Lens monitoring, Ethena transferred $81.97 million in USDC from the Coinbase Prime custodial wallet to FalconX. The fund transfer is suspected to be for OTC sale, and it cannot be confirmed whether Ethena has completed the sale at present.

[Zach Pandl: Ethereum's Issuance Mechanism Resembles Fiscal and Monetary Policy] Zach Pandl stated that Ethereum funds network security through the issuance of new ETH, with stakers receiving rewards. Ethereum's staking mechanism and ETH issuance policy together form the network's fiscal and monetary policy. Zach Pandl pointed out that there is a trade-off between security guarantees and the amount of ETH issued, and some community members believe these proportions should be considered. Currently, the mechanism has not fully incorporated these factors. Zach Pandl added that this analogy does not cover aspects such as the ETH burn mechanism, MEV, and governance. Future adjustments to ETH issuance policy will depend on the outcomes of community governance.

According to Ai's monitoring, a giant whale that opened a position of approximately $30.05 million ETH in June this year is suspected to be reducing its position. The address recharged 7981 ETH to FalconX three hours ago, worth approximately $14.99 million. Since July, the address has cumulatively transferred 10735.8 ETH worth approximately $20.04 million to FalconX. Based on an average cost of approximately $1637, if all ETH is transferred and sold, it is expected to achieve a profit of approximately $2.47 million. At present, the wallet still holds about 7625 ETH worth approximately $14.2 million, with unrealized floating profits of approximately $1.86 million.