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news-imageDecember 24, 2024

Whales deposit 18.3M USDC into Hyperliquid to buy $HYPE amid DPRK hackers' threats

In the last 24 hours, a crypto whale deposited 18.3 million USDC into Hyperliquid, reportedly intending to purchase HYPE, the exchange's native token. The news comes after Hyperliquid experienced substantial outflows of the stablecoin USDC, with over $100 million leaving the platform on Monday, per data compiled by Hashed on Dune Analytics.
Publisher: Cryptopolitan
Sentiment: Neutral
USDC

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Positive
cover-imageCrypto Economy
April 8, 2025

USDC Treasury Just Burned $51 Million – What Does This Mean?

TL;DR On April 8, 2025, the USDC Treasury burned 51 million tokens on the Ethereum network. This move is part of Circle's routine strategy to adjust liquidity and maintain its 1:1 peg to the U.S. dollar. The burn had no negative impact on the market or DeFi ecosystem, reinforcing USDC's strength as a reliable stablecoin.

Negative
cover-imageCointelegraph
April 4, 2025

Stablecoin firm Circle mulls IPO delay amid economic uncertainty — Report

Stablecoin firm Circle, the issuer of the USDC (USDC) dollar-pegged token, is reportedly mulling a delay of its initial public offering (IPO) plans amid the macroeconomic uncertainty created by the Trump administration's trade policies. According to The Wall Street Journal, “Circle had been nearing its next steps in going public, but is now watching anxiously before deciding what to do,” and joins a growing list of companies considering IPO delays, including fintech company Klarna and ticketing firm StubHub.

Negative
cover-imageCointelegraph
April 4, 2025

Circle considers IPO delay amid economic uncertainty — Report

Stablecoin firm Circle, the issuer of the USDC (USDC) dollar-pegged token, might delay its planned initial public offering (IPO) amid macroeconomic uncertainty over US President Donald Trump's trade policies, the The Wall Street Journal reported.Circle registered with the United States Securities and Exchange Commission (SEC) on April 1 to take the company public. It is now “waiting anxiously” before taking further steps, the Journal reported, citing people familiar with the matter.

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