USDC Treasury adds 250 million USDC coins to Solana network

This week, the cumulative net outflow of the US Bitcoin spot ETF was 679 million US dollars, and the cumulative net outflow of the Ethereum spot ETF was 542 million US dollars.

OKX-ETH/USDT is currently trading at $2499.67, with a 5-minute drop of 0.22%. Please pay attention to market fluctuations.

As of October 8th, Circle issued approximately 9.7 billion USDC and redeemed approximately 10.5 billion USDC within 7 days, resulting in a decrease of approximately 800 million coins in circulation. The total circulation of the USDC is 73 billion pieces, and the reserve is about 73.2 billion dollars, of which the overnight reverse treasury bond bond repurchase is about 36.3 billion dollars, the treasury bond with a maturity of less than three months is about 26.9 billion dollars, the deposits of systemically important institutions are about 9.3 billion dollars, and the deposits of other banks are about 700 million dollars.

[Besent: Treasury Buyback Program Is Not Unprecedented, Trump Administration Policies Benefit Families] U.S. Treasury Secretary Besent wrote to Senator Elizabeth Warren, refuting her claim that the Treasury buyback program is 'unprecedented,' and pointed out that the program has been welcomed by market participants since its implementation in May 2024. Besent stated that the program aims to enhance liquidity in the U.S. Treasury market, reduce market volatility, improve Treasury convenience yields, and secure better value for taxpayers. Tax policies promoted by the Trump administration, such as tax exemptions for overtime income, tax exemptions for tip income, additional deductions for seniors, and child tax credits, are benefiting families and workers.

On October 11th, Alternative data showed that the crypto panic and greed index was 61 today, up from 64 yesterday, indicating a cooling of market greed sentiment.