Whale "0xaCB" Deposits $5M USDC to HyperLiquid, Increases GOLD and SILVER Short Positions

10x Research: Circle receives multiple positive boosts, with fundamentals and institutional interest resonating to drive the stock price higher

Circle (CRCL) stock price rises against the trend, with institutional holdings increasing indicating confidence. Circle's partnership with Polymarket to use USDC expands its applications. Analysts believe that the GENIUS Act will promote digital dollar reserves to enter the U.S. Treasury bond market, and Circle could benefit.

A whale spends 10.26 million USDC to buy 121,368 SOL tokens

ChainCatcher message: According to Lookonchain monitoring, approximately 1 hour ago, a whale "AHdUMw" spent 10.26 million USDC to buy 121,368 SOL, with an average purchase price of $84.57.

Top Stablecoins By Market Capitalization: $USDT and $USDC Leading the Pack

The essay discusses the market capitalization of stablecoins, highlighting Tether's significant dominance with 59.65% of the total market cap. It details the top stablecoins by market cap and their 24-hour trading volumes, illustrating the overall stablecoin market's performance.

Data: USDC trading volume surged 20 times within 18 months, with Polygon and Base handling a total of 68% of USDC transactions.

USDC trading activity has increased 20-fold in just 18 months, jumping from 31 million transactions to 613 million transactions. Polygon and Base account for 68% of the trading volume, with an average of over 12 million transactions per day. Circle has expanded to 30 blockchains, and cross-chain transfer protocols have facilitated over $126 billion in transfers. Collaborations with traditional financial institutions have also driven growth.