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news-imageFebruary 28, 2025

ZachXBT: Circle delays freezing USDC, giving leeway to Bybit hacker

Circle has partially assisted the Bybit hack investigation, but ZachXBT claims the stablecoin issuer did not react quickly enough to blacklist and freeze USDC addresses linked to the hack.
Publisher: Cryptopolitan
Sentiment: Negative
USDC

More News Articles

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.

Neutral
cover-imageBenzinga
April 2, 2025

Circle's Revenue Grows, But IPO Filing Shows Falling Profitability

Circle Internet Financial, the company behind USD Coin (CRYPTO: USDC), is showing a mixed financial picture ahead of its planned public listing, with revenue up by 16%, but profitability down due to higher costs and increased redemptions. What Happened: In a post dissecting the newly filed S-1 prospectus, Matthew Sigel, Head of Digital Assets Research at VanEck, highlighted the disconnect between Circle's topline momentum and its bottom-line performance.

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