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Cryptocurrency firms invest $78 million in political action committee Fairshake to channel support for cryptocurrencies

Cryptocurrency companies have significantly increased their donations to US politicians. Companies such as Coinbase, Circle, and a16z have invested $78 million in Fairshake, a federal super PAC that can receive unlimited funds from corporations and individuals for elections, with the goal of guiding "cryptocurrency-friendly leadership." Coinbase Chief Policy Officer Faryar Shirzad said, "We will do everything we can to depoliticize cryptocurrency." "Our lobbying, grassroots work, and now Fairshake will create space for the public to debate its benefits, rather than our industry being used as a political football by those who do not understand the social benefits of this technology."

Radiant Capital launches community proposal vote to use native USDC as collateral

Radiant Capital, a multi-chain lending protocol, initiated a community proposal to vote on using native USDC as collateral. The voting will continue until 8:00 PM Eastern Time on December 24th, 2023.

Circle has received conditional registration as a French AMF digital asset service provider

Circle has announced that it has received conditional registration as a digital asset service provider from the French financial market regulator (AMF). In order to further demonstrate the company's commitment to France and the European Union, Circle has also announced the appointment of Coralie Billmann, a senior figure in the payment industry, to lead its licensed business in France. The appointment of Coralie Billmann is still pending approval from regulatory authorities.

Circle Programming Web3 Wallet Platform Open for Public Beta

Circle Developers has announced the public beta launch of its programmable Web3 wallet platform for USDC stablecoin issuer Circle. The platform allows developers and merchants to integrate Circle's programmable wallet and customize it based on the user experience of their application. They can also choose suitable wallet security and control configurations, and build services on the platform for consumers to send, receive, and store cryptocurrencies, including Circle's USDC and NFT.

Circle Euro stablecoin EURC has been listed on the Solana network

According to an official announcement on December 18th, stablecoin issuer Circle announced that its Euro stablecoin EURC has been launched on the Solana network, making Solana the fourth blockchain where EURC can be natively used, along with Avalanche, Ethereum, and Stellar. Developers and users can now build and trade both EURC and USDC on Solana, sending, spending, and storing funds globally in a faster and more cost-effective way.

Circle and Fuze sign MOU

The issuer of the US dollar stablecoin USDC, Circle, has announced the signing of a memorandum of understanding with digital asset infrastructure provider Fuze, aimed at expanding the adoption of USDC stablecoins in the Middle East and North Africa region. The goal is to extend USDC to institutions such as banks, fintech companies, traditional enterprises, and Web3 companies in the relevant regions.

87.5 million USDC transferred from unknown wallet to Binance

According to WhaleAlert monitoring, at 18:54:11 Beijing time, 87,500,000 USDC was transferred from an unknown wallet to Binance.

A whale spent 11.55 million USDC to buy 5,189 stETH

According to Spot On Chain monitoring data, Whale 0x900 purchased 5,189 stETH with 11.55 million USDC at an average price of $2,226 in the past 1.5 hours. It is worth noting that the whale received stable coins from the address 0xd39, which is ultimately linked to Alex Amsel.

50 million USDC were destroyed in USDC Treasury

Whale Alert monitoring shows that at 4:42 AM on December 12th Beijing time, 50 million USDC were destroyed in the USDC Treasury, worth $50,039,999.

USDC circulation has decreased by 100 million coins in the past 7 days, and EURC circulation has decreased by 300,000 coins.

According to data from Circle's official website, Circle issued a total of 1.4 billion USDC and redeemed 1.5 billion USDC in the past seven days, reducing the circulation by 100 million. As of December 7th, the total circulation of USDC was 24.3 billion, with a reserve of 24.4 billion US dollars, including 1.7 billion US dollars in cash, and Circle Reserve Fund held 22.7 billion US dollars. In addition, Circle issued 200,000 EURC and redeemed 500,000 EURC in the past seven days, reducing the circulation by 300,000. As of December 7th, the total circulation of EURC was 51.1 million EURC, with a reserve of 51.2 million euros, all in cash.