Tag: USDC

Tether Moves To Freeze $344 Million In Crypto Amid US Probe

A wave of crypto hacks hitting decentralized finance platforms in April has renewed an old argument: should stablecoin companies step in when stolen money passes through their systems? That question is now front and center again after Tether, the world’s largest stablecoin issuer, revealed it froze over $340 million in dollar-pegged tokens at the direct…

Solana-Based Drift Protocol Announces $150M Recovery Fund, New Token Following Tether Collab

Solana-based decentralized exchange (DEX) Drift Protocol has shared the highly anticipated user recovery plan alongside Tether and other collaborators. This move follows the major exploit that drained $285 million from the project’s vaults two weeks ago. Drift Protocol Secures $150M Recovery Fund On Thursday, Drift Protocol, the largest decentralized perpetual futures exchange on the Solana…

USDT, USDC Activity Drops To Lowest Level Of 2026 On Ethereum

On-chain data shows the Ethereum versions of USDT and USDC, the two largest stablecoins, have seen their active addresses fall to the lowest level of 2026. USDC & USDT Active Addresses Have Fallen On The Ethereum Network In a new Daily Active Addresses for the Ethereum versions of USDT and USDC. This indicator measures the…

Why Is Bullishness Around Hyperliquid On The Rise Again?

Bullish sentiment towards Hyperliquid is again on the rise, with crypto whales accumulating the perp DEX token. The first HYPE ETF in the U.S. could launch soon, which is also contributing to this bullish sentiment.  Why Bullish Sentiment Towards Hyperliquid Is On The Rise Crypto whales are again massively accumulating Hyperliquid, which has sparked the…

$285M Bug Or Human Error? Solana-Based Drift Protocol Suffers Largest Exploit Of 2026

Solana-based Drift Protocol has suffered the largest exploit of 2026 to date, losing nearly $300 million in a “highly sophisticated operation” that has raised concerns about the growing threat of human-targeted attacks in the crypto space. Solana DEX Loses $285M On April Fool’s Day On Wednesday, Solana-based decentralized exchange (DEX) Drift Protocol was the victim…

Coinbase Stablecoin Revenue Could Surge 7x Under GENIUS Act, Bloomberg Analysts Say

Cryptocurrency exchange Coinbase (COIN) could be one of the biggest corporate beneficiaries of the United States’ first comprehensive crypto legislation, the GENIUS Act, which was signed into law in July 2025 and established a federal framework for stablecoin issuance and oversight. Coinbase Stablecoin Revenue Jumps 48% According to Bloomberg analysts Paul Gulberg and Samuel Radowitz,…

USDC Floods Exchanges: Are Traders Buying The Bitcoin Crash?

On-chain data shows a large amount of USDC inflows have just hit exchanges, a potential sign that investors are looking to buy the Bitcoin dip. USDC Exchange Inflow Has Registered Multiple Spikes Recently As explained by CryptoQuant community analyst Maartunn in a new Exchange Inflow” here refers to an indicator that keeps track of the…

This 7-Year-Old Bitcoin Whale Just Sold $76M In BTC To Buy This Altcoin

On-chain analytics platform Lookonchain has drawn attention to a 7-year-old Bitcoin whale who is betting big on Ethereum. This comes amid a crypto market pullback, which has seen ETH and BTC record significant losses.  Bitcoin Whale Sells $76 Million To Buy Ethereum In an X post, Lookonchain revealed that a Bitcoin OG, which is holding…

Stablecoin Exchange Inflows Plummet $61 Billion—Warning Sign For Bitcoin?

On-chain data shows the exchange inflows related to the stablecoins USDT and USDC have seen a sharp plunge. Here’s what this could mean for Bitcoin and other cryptocurrencies. Stablecoin Exchange Inflows Have Dropped Below Yearly Average In a new stablecoins in the sector, USDT and USDC. The “Exchange Inflow” refers to an on-chain indicator that…