Search results for "C"

Indian Exchange CEX Hit by $44.2M Security Breach

Gate News bot message, On-chain investigator Zach (@zachxbt) uncovered a security breach at Indian cryptocurrency exchange CEX (@CEX), with unauthorized withdrawals totaling $44.2 million occurring within a 17-hour timeframe. The incident involved three identified wallet addresses: 6peRRbTz28xofaJPJ
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Overview of popular coins on July 19, 2025, with the top three in popularity being: Bitcoin, Ethereum, Dogecoin

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C rose 54.55% after launching Alpha, current price 0.22717 USDT

Gate News bot message, Gate market shows that since the launch of Alpha, C has risen by 54.55%, current price 0.22717 USDT.
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Shenzhen Stock Exchange: The ChiNext Composite Index compilation will add a monthly removal mechanism for stocks with risk warnings.

The Shenzhen Stock Exchange has revised the compilation plan for the ChiNext Composite Index, adding a risk warning stock and ESG negative exclusion mechanism, specifying the inclusion and exclusion timelines for relevant stocks. The revisions will take effect on July 25, 2025.
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ZachXBT: Brazil's Central Bank service provider C&M Software was attacked, resulting in a loss of 140 million USD.

In 2025, Brazil's Central Bank service provider C&M Software suffered a cyber attack, resulting in a loss of approximately $140 million. Hackers successfully infiltrated 6 financial institutions by purchasing employee account information and converted the funds into crypto assets. The relevant accounts are currently being tracked and frozen.
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ZachXBT: Brazilian Central Bank service provider C&M Software was attacked, losing $140 million.

In 2025, Brazil's Central Bank service provider C&M Software suffered a cyber attack, resulting in a loss of approximately $140 million. Hackers successfully infiltrated six Financial Institutions by purchasing employee account information and converted the funds into Crypto Assets, and related accounts are currently being tracked and frozen.
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C rose 102.66% after the Alpha launch, current price 0.25493 USDT

Gate News bot message, Gate market shows that since the launch of Alpha, C has risen by 102.66%, current price 0.25493 USDT.
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ZKM officially released the next generation GPU-accelerated zkVM, named Ziren.

ChainCatcher message, ZKM has released the next generation zkVM (zk-SNARKs Virtual Machine) Ziren (formerly zkMIPS), which opens new possibilities for the deployability and scalability of zero-knowledge (ZK) systems in real-world application scenarios through GPU acceleration, a distributed proof architecture, and a deeply optimized constraint system. Ziren achieves a core proof speedup of 30 times, an aggregation proof speedup of 15 times, and an improvement in state preparation time from 5 minutes to 30 seconds, and has been put into use in the GOAT Network Bitcoin native zkRollup project. The naming inspiration for Ziren comes from the mythological variant "Siren", representing the transition from illusion to reality - technology is no longer just attractive, but a genuine promise that can be implemented. Ziren aims to become the true tool in the hands of mainstream developers.
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Public company Thumzup announces a $6.5 million sign up direct issuance to explore accumulating more Crypto Assets.

Thumzup Media Corporation announced a $6.5 million registered direct issuance agreement with investors to subscribe for up to 1,083,333 shares of common stock at $6.00 per share. The company plans to use the proceeds for general purposes and explore more Crypto Assets.
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The first Solana Staking ETF will begin trading on July 2.

The first Solana stake ETF ($SSK) will trade on July 2, offering Spot investment and stake returns. This innovative structure avoids regulatory challenges and may promote the development of PoS products, aiding in the mainstream adoption of digital assets. The Solana price has risen over 5% due to ETF listing expectations, but there is pressure from unlocking and dumping.
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The new SOL Spot ETF will be launched this Wednesday, with a total fee that may reach 1.28%.

Gate News bot news, Bloomberg senior ETF analyst Eric Balchunas recently stated that the REX-Osprey SOL Spot ETF (SSK) will officially launch this Wednesday, becoming the first ETF in the United States to allow staking. 40% of the product's assets will be held in the form of "securities" through other Sol-related ETPs to comply with the provisions of the 1940 Act.
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Hacker trading losses revealed: ETH trading loss of 6.9 million USD

According to the Gate News bot, data from Lookonchain shows that an address related to the THORChain and Chainflip outflow event recently completed a large ETH transaction. This address purchased 4,958 ETH at a price of $2,495 in the last 30 minutes, totaling approximately $12.37 million. Previously, the Address transferred from THORChain and C three months ago.
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The U.S. Senate passed the first GENIUS bill regarding federal regulation of stablecoins.

Gate News bot message, on June 17, the U.S. Senate passed the GENIUS Act with a vote of 51 to 23, opening a new chapter in federal regulation of stablecoins. This is the first significant Crypto Assets legislation to be passed in the United States. The bill stipulates that stablecoin issuers must maintain a full reserve in US dollars or equivalent liquid assets. Issuers with a market capitalization exceeding $50 billion are required to undergo annual audits, and the bill also clearly specifies priority payments in cases of foreign issuance and bankruptcy. The bill will be submitted to the House for further deliberation. The House needs to choose between advancing its version of the "Stablecoin Transparency and Accountability for a Better Ledger Economy Act" and adopting the GENIUS bill passed by the Senate. Source: The Block
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Spain's BBVA Bank launches Bitcoin investment advisory services

Gate News bot message, Spain's second largest bank BBVA will launch a Bitcoin investment advisory service for high-net-worth clients starting from September 2024. According to a report by Reuters, the bank currently advises clients to allocate 3% to 7% of their investment portfolio to Crypto Assets based on individual risk preferences. Philippe Meyer, Head of Digital and Blockchain Solutions for BBVA in Switzerland, stated at the DigiAssets conference in London that the current investment advice covers two crypto assets: Bitcoin and Ethereum, with plans to expand to more types of crypto assets in the future.
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Pumpfun and founder X account have completed unblocking. Previously, multiple Memecoin-related accounts were frozen.

According to Gate News bot, the X social media account of the cryptocurrency trading tool Pumpfun and its co-founder Alon has been unbanned. Previously, the X platform launched a large-scale account freezing operation targeting the Memecoin sector, affecting multiple trading tool platforms and KOL accounts. The specific reasons for the freezing have not yet been disclosed.
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The Bank of Canada maintains the policy interest rate at 2.75%, and the trade situation remains to be observed.

According to Wu, the Bank of Canada mentioned in the minutes of its monetary policy meeting on June 4, 2025 that the global economy has remained stable in the environment of U.S. tariff changes since the release of the April policy report. While the U.S.-China trade relationship has improved and tariffs have been lowered, the overall tariff level of the United States has risen, the trade policy has not yet been clarified, and there are unstable factors in the global situation. In response to the current situation, the management board has decided to maintain the policy interest rate at 2.75% and emphasized that it will continuously assess future interest rate adjustments based on the trends in U.S. trade policy and its actual effects on the Canadian economy and inflation.
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JD.com plans to apply for a global stablecoin license, targeting the cross-border payment market.

Gate News bot, according to Sina Finance, Liu Qiangdong, chairman of the board of directors of JD.com, announced the company's stablecoin development plan at the sharing meeting. JD.com is in the process of applying for stablecoin licenses in major currency countries around the world, with the goal of optimizing the exchange process between global businesses. With stablecoin technology, cross-border payment costs will be reduced by 90% and processing times will be reduced to less than 10 seconds. Liu Qiangdong said: "Now it takes an average of 2 to 4 days for remittances between enterprises, and the cost is quite high. After the B-end payment is completed, we will penetrate into the C-end payment, hoping that one day everyone can use JD stablecoin to pay when they spend all over the world. "
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The Brazilian Bitcoin Reserve Bill passed its first committee review.

According to Gate News bot, Bitcoin News reports that Brazil's Bitcoin Reserve Bill 4501/2023 has passed its first committee review stage. The bill proposes the establishment of a "RESBiT" mechanism, planning to allocate up to 5% of Brazil's forex reserves for Bitcoin. Once the bill is ultimately approved, Brazil will become the second country in the Latin American region to establish legal Bitcoin reserves, following El Salvador. Source: Wu Says, Bitcoin News
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Fold Holdings signs a $250 million stock subscription protocol, plans to increase its Bitcoin holdings.

Gate News bot reported that Bitcoin financial services company Fold Holdings has signed a $250 million share subscription agreement. Under the agreement, Fold Holdings will have the autonomy to issue and sell up to $250 million of newly issued common stock, subject to certain conditions. The company said the net proceeds will be used primarily to increase Bitcoin holdings for Fold's corporate vaults. Cohen & Company Capital Markets acted as sole placement agent in connection with the agreement. Source: Wu said.
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Thailand approves a capital gains tax exemption policy for digital asset trading, which will last until the end of 2029.

According to Gate News bot, reports from Wu say that the Thai Cabinet has approved a new tax measure proposed by the Ministry of Finance. Thai Deputy Minister of Finance Julapun Amornvivat announced via social media that from January 1, 2025, to December 31, 2029, capital gains obtained from digital asset transactions on platforms regulated by the Thai Securities and Exchange Commission (SEC) will enjoy personal income tax exemptions.
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UK mining company Vinanz completes £3.6 million retail placement financing

Gate News bot message, the UK-listed Bitcoin mining company Vinanz recently announced that its Retail Offer WRAP has been completed, successfully raising £3.6 million (approximately $4.88 million). The company clearly stated that the funds raised will be used to increase its holdings of Bitcoin and support its business expansion plans. Source: Wu Says
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Bitcoin Spot ETF continues to see a net inflow trend, with BlackRock's IBIT attracting $267 million in a single day

Gate News bot message, according to SoSoValue data, on June 16th Eastern Time, total net inflow of Bitcoin Spot ETF reached $412 million, marking the sixth consecutive day of net inflow. Among various ETF products, Blackrock's IBIT performed the best, with a net inflow of $267 million on that day, bringing the total historical net inflow to $50.033 billion. Source of information: Wu says
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User negligence led to a loss of 20,000 USDT, and the configuration error in the Uniswap V3 liquidity pool has attracted attention.

Gate News bot message, according to Etherscan data, user 0x7e…3207 completed a transaction of SPK and USDT on the Uniswap V3 platform at 16:00 UTC+8, exchanging 1 SPK for 19,686.87 USDT. According to the analysis report by researcher @web3_mario, the user teochew.eth previously created a liquidity pool with a 1% fee on Uniswap and injected $20,000 USDT as unilateral liquidity. Due to the set price being too high, a single transaction caused the vast majority of USDT in the pool to be swapped. teochew.eth subsequently sent a message to 0x7e…3207 via on-chain transaction, acknowledging an oversight due to misreading the pool direction, and requesting the other party to return part of the funds.
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Former Celsius CEO Alex Mashinsky and related entities are excluded from the bankruptcy asset distribution.

According to the latest ruling from the Bankruptcy Court for the Southern District of New York, the former CEO of Celsius, Alex Mashinsky, and his associated entities AM Ventures Holdings Inc., Koala1 LLC, and Koala3 LLC have waived their claims to Celsius's bankruptcy assets. The court has determined that it will prioritize the return of funds to creditors, and the total claims of Celsius creditors have now exceeded $1 billion. According to a report from Cointelegraph, Alex Mashinsky has previously been sentenced to 12 years in prison for cryptocurrency fraud.
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The number of reserves for the US Ethereum Spot ETF has reached a new high of 3.91 million.

Gate News bot message, according to the data panel from @hildobby_, as of June 13, the total reserve of the US Ethereum Spot ETF reached 3.91 million units, with a total value of 10.11 billion USD, setting a new historical high. Among all fund management companies, BlackRock ranks first with a reserve of 1.58 million coins, accounting for 41.0% of the total, worth $4.1 billion. Grayscale ranks second, holding 1.14 million coins, accounting for 29.5%, worth $2.95 billion. Grayscale Mini and Fidelity rank third and fourth, respectively, with shares of 12.8% and 12%. Source of information: Wu Says
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On its first day of trading, Circle's stock price soared 434%, with a market capitalization exceeding $33.6 billion.

Gate News bot message, on June 16th, U.S. time, the stablecoin USDC issuer Circle had a strong performance on its first day of trading in the U.S. stock market. Data shows that Circle's stock price briefly reached a high of $165.60, ultimately closing at $151.06, a 434% rise from the $31 issuance price, with a market capitalization of $33.617 billion. According to statistics from the Wu Shuo team, the major global stablecoin projects include USDT, USDC, USDS (formerly DAI), USDE, USD1, FDUSD, PYUSD, XAUT, PAXG, and TUSD. The statistical content covers information such as the market capitalization, issuers, and collateral of each project.
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Haru Invest CEO Lee Hyung-soo's fraud charges dismissed by South Korean court

A South Korean court on Tuesday acquitted Haru Invest CEO Lee Hyung-so and dismissed fraud charges against him, according to Gate News bot. South Korean prosecutors initially said the company illegally obtained 1.39 trillion won ($1.02 billion) from about 16,000 investors. In the formal indictment, the amount involved was adjusted to 880.5 billion won (about 650 million U.S. dollars), and the number of investors involved was 6,000. Prosecutors had asked the court to sentence Lee Hyung-so to 23 years in prison. Source: TheBlock.
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Infini Venture: The strategic adjustment is due to high compliance costs and thin profits, and will focus on wealth management and asset management.

Infini announced the cessation of its encryption card business aimed at individual users due to high compliance costs, thin profits, and operational complexity. In the future, it will focus on developing wealth management and asset management services, with the annualized return on its wealth management products stabilizing at around 5%. Other core functions are still operating normally.
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SRM announces board restructuring: Weike Sun appointed as chairman.

According to Gate News bot, as reported by Investing, the Nasdaq-listed company SRM has made board personnel adjustments after securing a $100 million equity investment and launching a TRX reserve strategy. Three original board members announced their resignation, and Weike Sun has been appointed as the chairman of the board, while Zhihong Liu and Zi Yang have been appointed as board members. Public information shows that Weike Sun graduated from Qinghai Normal University and previously held senior management and advisory roles at several fintech companies, including Ruibo (Beijing) Technology Co., Ltd.
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TheMinerMag: The cost of Bitcoin mining is expected to exceed $70,000 in the second quarter of 2025.

Gate News bot message, according to the latest report published by TheMinerMag, the Bitcoin mining cost data for the second quarter of 2025 is $70,000, rising 9.4% compared to the $64,000 in the first quarter. The report points out that the increase in network hash rate and the rise in energy prices are direct factors contributing to the cost increase. Data shows that energy costs for mining companies, including Terawulf, have doubled compared to the same period last year.
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Ark Invest sells Circle shares for a profit of $51.7 million

Gate News bot message, according to a report by TheBlock, Cathie Wood's Ark Invest sold 342,658 shares of Circle (CRCL) on Monday, with a total transaction amount of 51.7 million USD. The transaction occurred when the CRCL stock price reached a historical high of 151.06 USD, nearly 5 times the IPO issuance price of 31 USD. Circle, as the issuer of the USDC stablecoin, has recently attracted investor attention, mainly due to the growth of USDC business and the positive news brought by the GENIUS Act.
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The Polygon zkEVM project has been abandoned, losing over a million dollars each year.

According to the Gate News bot, research director Lorenz Lehmann reported that Polygon spent $250 million to acquire Hermez in 2021 and renamed it Polygon zkEVM. Currently, the chain is experiencing an annual loss of over $1 million and has halted development work, failing to complete the upgrade of Blobs technology. Polygon co-founder Sandeep has announced a gradual termination of the Polygon zkEVM project after taking over as CEO of the Polygon Foundation. Source: Wu Says
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REX-Osprey Ethereum and Solana stake ETF may be launched, and the SEC has not raised objections.

According to Gate News bot, as reported by Crypto Briefing, ETF provider REX Financial and asset management company Osprey Funds may soon launch the first stake-based Ethereum (ETH) and Solana (SOL) ETFs in the United States, following new progress in their regulatory processes.
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After the escalation of tensions in the Middle East, three empty oil tankers departed from the Strait of Hormuz.

According to Gate News bot, foreign media reports that the vessel tracking data from Marine Traffic shows that three empty oil tankers and chemical tankers have left the Strait of Hormuz and changed their course.
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Technical Analysis: Spot gold may return to the June 24 low of $3295.

Gate News bot reported that according to Reuters technical analysis, spot gold may return to the June 24 low of $3295 per ounce, as the rebound from that level seems to end near the resistance level of $3335.
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Shanghai Stock Exchange: C Hua Zhi Jie Suspended Trading Temporarily

Jin10 data June 25 news, the Shanghai Stock Exchange announced that C Huazhijie's trading touched a temporary trading halt this afternoon. Trading of C Huazhijie was suspended starting at 13:57 on June 25, 2025, and resumed at 14:07 on June 25, 2025.
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Sentinel Global's first fund raised 2.135 billion US dollars, intending to invest in Decentralization and other fields

Gate News bot message, according to VentureCapitalJournal, San Francisco venture capital firm Sentinel Global announced that its first fund has raised 2.135 billion U.S. dollars, with a focus on investing in key areas including privacy security, financial Internet, open finance, open social related technologies, Blockchain, and Decentralization.
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The three major Bitcoin Mining Rig manufacturers set up factories in the United States to avoid tariffs.

Gate News bot message, Reuters reported that the world's three major Bitcoin Mining Rig manufacturers, Bitmain, Canaan, and MicroBT, have established production bases in the United States. This move aims to circumvent the new tariff policies imposed by the Trump administration. All three companies are from China and account for over 90% of the global market share. According to Canaan, its factory in the United States has begun the trial production phase, aiming to control investment risks while avoiding taxes. MicroBT also stated that it is advancing its localization strategy.
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Jingdong Coin Chain Technology tests the pegged Hong Kong dollar stablecoin, planned to launch in the fourth quarter.

Gate News bot news, Liu Peng, CEO of JD Coin Chain Technology under JD Technology, introduced in an interview with Bloomberg that the company is testing compliance stablecoins pegged to the Hong Kong dollar and other coins within the "sandbox" of the Hong Kong Monetary Authority. The project is planned to be launched in the fourth quarter of this year, with the first application scenario set for the settlement business of JD Global Sales in the Hong Kong and Macau stations. Liu Peng emphasized that JD's stablecoin will focus on the traditional cross-border trade market, providing solutions for actual payment needs in regions such as Asia-Pacific, the Middle East, and Africa through features like compliance, security, and auditability, rather than "involution" in the Crypto native scenario. Source: Wu said.
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Ethereum developers have proposed a privacy WETH new protocol cWETH, supporting anonymous P2P transactions.

Gate News bot message, Ethereum developer @Arvolear has proposed a new protocol concept called Confidential Wrapped Ethereum (cWETH), which enhances the privacy protection features for Ethereum users through Application Layer technology. The protocol uses the EC Twisted ElGamal commitment scheme and zk-SNARKs technology to encrypt balances and transfer amounts, enabling anonymous peer-to-peer payments, donations, and transaction functions without the need for centralized entities to participate. Currently, cWETH has released a draft and is seeking feedback from the community, with plans to further develop it into a formal EIP standard. Source: Wu Shuo
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Spot ETF continues to attract funds: Bitcoin ETF sees an inflow of $216 million in a single day, with BlackRock's IBIT leading the way.

Gate News bot message, according to SoSoValue data, as of June 17 (Eastern Time), Bitcoin Spot ETF recorded a net inflow for the seventh consecutive day, with a total net inflow of $216 million on that day. Among them, the IBIT fund under Blackrock performed the best, with a single-day net inflow amounting to $639 million. Data also shows that the total net asset value of Bitcoin Spot ETF has reached $128.18 billion, with an ETF net asset ratio of 6.18%, and the historical cumulative net inflow has reached $46.26 billion. Source: Wu Says.
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Ethereum Spot ETF saw a net inflow of over $11 million in a single day, with BlackRock leading the way.

Gate News bot message, according to SoSoValue data statistics, on June 17 (Eastern Time), the overall net inflow of Ethereum Spot ETF reached 11.0947 million USD. Among them, the Blackrock's ETHA fund performed outstandingly, with a single-day net inflow amounting to 36.7091 million USD. The data shows that the total net asset value of the Ethereum Spot ETF has now reached 10.054 billion USD, and the ETF net asset ratio (the ratio of market capitalization to the total market capitalization of Ethereum) is 3.32%, with a historical cumulative net inflow amount of 3.887 billion USD. (Wu said)
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Shanghai and Hong Kong join forces to promote the application of Blockchain and other financial technologies, deepening the exploration of cross-border payments with digital Renminbi.

Gate News bot message, at the release ceremony of the "Action Plan for the Coordinated Development of the Hong Kong-Shanghai International Financial Center", Hong Kong's Financial Secretary Paul Chan delivered a speech. He elaborated on the cooperation plans between Shanghai and Hong Kong in the field of fintech, including the promotion of artificial intelligence and Blockchain technology applications in asset management, insurance, and payment Settlement. Both parties plan to cooperate in areas such as financial standard setting, product innovation, and information sharing, while exploring new application scenarios for the digital renminbi in the cross-border payment field. Chen Maobo emphasized that these initiatives provide financial support for the sci-tech innovation industry and enhance the competitive strength of the financial centers in both regions, promoting the development of emerging financial ecosystems such as Blockchain. Source: Wu Says
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The Krasnoyarsk Krai in Russia has shut down an illegal Mining Farm with a monthly income of nearly $60,000.

According to Gate News bot, as reported by Cryptonews, the Prosecutor's Office of the Krasnoyarsk Territory in Russia has publicly announced that law enforcement discovered and shut down an illegal Crypto Assets Mining Farm in the Nazarovo industrial zone. The Mining Farm covers an area of 30,000 square meters and is equipped with multiple transformers, generators, and cooling equipment, generating a monthly revenue of 4.6 million rubles (approximately $58,700). The investigation by the prosecution revealed that the Mining Farm illegally connected to the municipal power grid and operated using a fictitious building lease contract. In addition, the Mining Farm unlawfully occupied state-owned land without a power usage permit and posed fire safety hazards. The local court has ordered the Mining Farm to cease operations completely and to rectify the issues before it can resume.
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ai16z founder Shaw accused X platform of extorting enterprise-level API fees

Gate News bot消息,最新消息显示,ai16z创始人Shaw发文披露,X平台以其Open Source源代码涉嫌违规为由,要求支付每月5万美元的企业级API费用,否则将限制其使用服务。 Shaw clarified that he currently only pays a monthly yellow label certification fee of $1,000 and a developer license fee of $200. He denied any data abuse and emphasized that the relevant code was pieced together based on other Open Source projects. Shaw characterized this behavior as "blatant extortion" and is considering legal action. According to Wu's report, the official X account of ElizaOS and the personal account of its founder Shaw have been frozen.
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Central Bank Governor Pan Gongsheng: Technologies such as Blockchain are driving innovation in Digital Money and cross-border payments.

Gate News bot news, during the 2025 Lujiazui Forum, the Governor of the People's Bank of China, Pan Gongsheng, delivered a speech outlining the application of new technologies in the field of cross-border payments. He pointed out that new technologies such as Blockchain and Distributed Ledger are driving the development of Central Bank Digital Currency and stablecoins, fundamentally reshaping the traditional payment system and shortening the cross-border payment chain. Pan Gongsheng also mentioned that technologies like smart contracts and Decentralized Finance are promoting the development of the cross-border payment system. (Source: Wu Says)
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The founder of BitVM has released the third generation protocol, improving the verification efficiency of SNARK proofs by a factor of k.

Gate News bot news, BitVM founder Robin Linus announced the latest progress of the BitVM3 protocol through social media. The protocol adopts optimistic computation and obfuscated circuit technology, reducing the on-chain data size for SNARK proof verification from 2~4MB in BitVM2 to 56kB for assertTx and 200 bytes for disproveTx. BitVM was first proposed by Robin Linus in 2023, aiming to achieve complex computations and smart contract functionalities on Bitcoin. The system operates using an off-chain computation and on-chain dispute verification model. Currently, Robin Linus has formed the BitVM Alliance, which includes members such as Fiamma, Zerosync, Element Labs, and Citrea. Source: Wu Says
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The Ohio House Committee unanimously passed the Bitcoin Rights Bill.

Gate News bot message, according to a report by Cointelegraph, the Ohio House Technology and Innovation Committee passed the "Bitcoin Rights" bill, code-named HB 116, with a vote of 13 to 0. The bill clarifies three fundamental rights for citizens in the field of crypto assets: the right to self-custody digital assets, the freedom to operate nodes, and the freedom to participate in mining activities. Additionally, the bill establishes a $200 capital gains tax exemption for each crypto asset transaction.
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Whale has once again purchased 15,000 Ether, bringing the total to 85,000 Ether in the third round of building a position.

According to the Gate News bot, reported by @EmberCN, a Whale/institutional Address that once earned $30.45 million through Ethereum swing trading recently increased its holdings by purchasing 15,000 ETH at a price of $2,477. Data shows that this Address started its third round of Build a Position on June 11, and has currently invested $223 million USDC to acquire 85,465 ETH, with an average Build a Position price of $2,617.7. The current account position shows unrealized losses of $9.4 million. The whale address account still has a reserve of 113 million USDC.
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U.S. Treasury Secretary: The stablecoin market will reach a scale of $3.7 trillion by the end of the decade.

Gate News bot message, according to the latest report data disclosed by U.S. Treasury Secretary Scott Bessent, the stablecoin market size is expected to reach $3.7 trillion by 2030. Bessent emphasized that the passage of the "GENIUS Act" supports the development of US dollar stablecoins and increases private sector demand for US Treasury bonds. This move lowers government financing costs, controls national debt, and enhances global user participation in the US dollar-denominated digital asset economy. He noted: "This is what smart, pro-innovation legislation can deliver." Source: Wu Says
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