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news-imageMay 30, 2024

Checking Ethereum's reaction to Circle's $60M USDC burn

Circle, which issues the USDC stablecoin, has taken $60 million worth of USDC out of circulation on the Ethereum network permanently.
Publisher: AMBCrypto
Sentiment: Neutral
ETH
USDC

More News Articles

Positive
cover-imageCoinPedia
April 21, 2025

Circle Payments Network Unveiled: Here is What You Need to Know

The Circle Payments Network will leverage regulated stablecoins led by USDC and EURC. The CPN will connect global banks, and VASPs to outpace legacy systems like SWIFT. Circle Internet Financial, a top-tier stablecoins issuer, announced the launch of Circle Payments Network (CPN), a blockchain-based platform to connect global financial institutions.

Positive
cover-imageBenzinga
April 21, 2025

Bitcoin, Dogecoin Up, Ethereum, XRP Flat On Slow Monday Start

Cryptocurrency markets ticked higher on Monday as Bitcoin's performance drew attention from commentators eyeing a shift in macro sentiment. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $86,937.92 +2.8% Ethereum (CRYPTO: ETH) $1,572.74 -0.5% Solana (CRYPTO: SOL) $135.64 -0.6% XRP (CRYPTO: XRP) $2.07 +0.8% Dogecoin (CRYPTO: DOGE) $0.1570 +1.9% Shiba Inu (CRYPTO: SHIB) $0.00001236 -1% Notable Statistics: IntoTheBlock data shows large transaction volume decreasing by 11.3% and daily active addresses falling by 10.3%.

Positive
cover-imagePYMNTS
April 21, 2025

Report: Circle To Unveil New Payments and Remittance Network

Circle, the FinTech firm behind the $60 billion USDC stablecoin, is reportedly launching a new payments and cross-border remittance network. According to a report Monday (April 21) by CoinDesk, invitations were sent to industry stakeholders for a launch event April 22 at Circle's headquarters in New York featuring a presentation by CEO Jeremy Allaire.

Negative
cover-imageCoindesk
April 21, 2025

Is ETH Still Special?

We are never shy about holding ETH to account as crypto's second largest asset and the DeFi intuition gateway for traditional investors. But mainstream adoption requires a growth story, and so far this year ETH is (put kindly) failing to lead.

Negative
cover-imageCointelegraph
April 21, 2025

Bitcoiner PlanB slams ETH: ‘centralized & premined' shitcoin

Pseudonymous Bitcoin stock-to-flow (S2F) model creator PlanB attacked Ethereum and mocked the project's co-founder, Vitalik Buterin.PlanB mockingly reposted a June 2022 X post by Buterin in which the Ethereum co-founder said S2F “is really not looking good now.” PlanB responded with a new posting stating, “Ethereum is really not looking good now.

Positive
cover-imageZycrypto
April 21, 2025

Vitalik Buterin Suggests Replacing ETH Virtual Machine with RISC-V Architecture

Vitalik Buterin proposed, through the Ethereum Magicians forum, that the Ethereum Virtual Machine (EVM) could be replaced with a RISC-V architecture, making a fundamental change to the underlying execution layer of Ethereum and improving the virtual machine's handling of smart contracts. The change, according to Buterin, could improve efficiency, enable long-term scalability, and simplify the execution layer.

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