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By the end of the third quarter, the circulating supply of USDC reached $73.7 billion, representing a year-on-year increase of 108%.
As platforms such as Uniswap and Lido promote token buybacks, various protocols are facing questions regarding control and sustainability amid growing concerns over centralization.
Even with the surge in BTC, early whales are either switching to ETFs or cashing out and exiting, with no further wealth spillover effect.
Arc previously launched its public testnet and made it accessible to developers and enterprises. Currently, more than 100 institutions have participated.
This year, the state of the economy has become the most crucial factor in determining whether the Christmas rally will arrive as expected.
Elon Musk's business empire contributes significantly to employment and tax revenue in the United States.
- 13:59More than 60 crypto companies urge the White House to clarify regulatory policies as soon as possible during the review of the billChainCatcher reported that this week, more than 60 crypto companies and advocacy groups submitted an "early Christmas list" to U.S. President Trump, outlining over a dozen measures they hope the government will prioritize during Congressional review of related bills. The letter, spearheaded by the Solana Policy Institute, urges the Treasury Department and the IRS to immediately implement most of the policy initiatives from the July "Presidential Digital Asset Working Group Report." Co-signed by numerous organizations including Uniswap, Ledger, FalconX, and Paradigm, the letter emphasizes that these actions could deliver "quick wins" and help Trump achieve his goal of making the U.S. the "world crypto capital."
- 13:56Federal Reserve's Mester: If a swing vote, would support a 25 basis point rate cutJinse Finance reported that Federal Reserve Governor Milan stated that if his vote were the deciding one, he would vote in favor of a 25 basis point rate cut. He believes that the CPI data will not be released until after the next FOMC meeting. (Golden Ten Data)
- 13:40BitMine financial report: annual net income exceeds $328 million, staking feature expected to officially launch in Q1 next yearJinse Finance reported that BitMine, the Nasdaq-listed Ethereum treasury company, has released its latest financial report, disclosing a total net income of $328,161,370 for the full fiscal year 2025 and fully diluted earnings per share of $13.39. The company has currently selected three staking service providers for pilot projects, while also advancing and expanding its independently developed dedicated staking infrastructure, the Made-in-America Validator Network (MAVAN). The staking function is expected to officially launch in the first quarter of next year.