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With the rise of decentralized derivatives trading, USDC supply on Hyperliquid has increased to 4.9 billion coins

7 hours ago

On July 23rd, as per The Block, the supply of USDC on Hyperliquid has witnessed a substantial increase since the start of the year. It has doubled to 4.9 billion. This growth reflects the escalating significance of decentralized perpetual contract trading platforms. USDC serves as the primary settlement currency for derivatives trading on this platform. Hyperliquid has demonstrated robust trading momentum. It has processed more than $150 billion in volume just in July. The platform's volume now accounts for 11.5% of Binance's, indicating its rapid expansion as a leading on-chain perpetual contract platform.
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Arca transferred 2,183,000 PENDLE to Kraken 2 hours ago, realizing a $2.13 million profit on a 1-month holding period.

On July 23rd, as monitored by on-chain data analyst Yu Jin, Arca transferred 2,183,000 PENDLE tokens (approximately $10.44 million) to Kraken two hours ago. These PENDLE tokens were withdrawn from Binance by them a month ago at a price of $3.80. Now, they have transferred all of them to Kraken at a price of $4.78, expecting a profit of $2.13 million.

2 minutes ago

Yesterday's REX-Osprey SOL Spot ETF saw a net inflow of $12.6 million

On July 23rd, based on the monitoring of Farside Investors, yesterday the REX-Osprey SOL Spot ETF witnessed a net inflow of $12.6 million. As a result, the total net inflow since its listing has reached $105.4 million.

2 minutes ago

21Shares Submits S-1 Filing for ONDO ETF

On July 23rd, based on market information, 21Shares has submitted the S-1 application document for the ONDO ETF to the US SEC.

2 minutes ago

The SEC has approved the conversion of the Bitwise 10 Crypto Index Fund to an ETF, which includes coins such as ADA, SOL, and LINK.

On July 23rd, based on market information, the U.S. Securities and Exchange Commission (SEC) has given the green light to the conversion of the Bitwise 10 Crypto Index Fund into an ETF. This ETF covers assets such as BTC, ETH, XRP, SOL, ADA, SUI, LINK, AVAX, LTC, and DOT.

2 minutes ago

Source: Insider Insider Source: Polymarket is considering launching a stablecoin

On July 23rd, as per CoinDesk, a source disclosed that the crypto prediction market Polymarket is in the process of deciding whether to launch its own custom stablecoin or enter into a revenue-sharing agreement with Circle based on the quantity of USDC held on the platform. This source further mentioned that the motivation for Polymarket to create its own stablecoin is solely to establish a revenue reserve. A representative of Polymarket stated that no decision has been reached regarding the stablecoin matter at this present time.

2 minutes ago

Bitcoin Surpasses $120,000

On July 23rd, based on HTX market data, Bitcoin exceeded $120,000, witnessing a 24-hour price increase of 2.40%.

2 minutes ago

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