According to Scam Sniffer, about 4 hours ago, a user (with an address starting with 0x1797) lost $367,000 worth of USDC and DAI due to a cryptocurrency phishing scam. The victim approved token permissions by signing an "increaseAllowance" transaction for the fraudster.

Data from the Kanro (Vitalik Charity) wallet created by Arkham analysis and co-founder of Ethereum, Vitalik Buterin, shows that the current total value of cryptocurrencies held by the charity entity is close to $75 million, including about 74.567 million USC, 1000 MTV, and 3.724 million MVRS. However, the amount of ETH held within the charity entity shows zero. It is reported that Vitalik Buterin revealed in 2018 that he held about 0.9% of the total supply of ETH at that time, and his public address now shows a holding of about 250,000 ETH, with a total value of nearly $400 million.

According to Scopescan monitoring, GnosisDAO proposed to Maker to withdraw 5,500 wstETH (approximately $9.96 million), and then exchanged 4,800 wstETH for USDC (approximately $8.69 million) on CoW Swap.

According to Lookonchain monitoring, a whale spent $613,201 of USDC to purchase 20.5 WBTC and quickly sold them for $563,970 of USDC after confirming fake news, losing $49,231 in just 10 minutes.

Algorithmic stablecoins, as their name implies, are cryptocurrencies that use algorithms to maintain a stable value instead of being backed up by any sort of reserve asset as collateral. However, in reality, some algorithmic stablecoins have struggled to maintain a stable peg, while others have failed catastrophically.

According to Spot On Chain data monitoring, the whale 0xc30 sold 2,714 ETH at an average price of $1,530 through the intermediate address 0x46E two hours ago, and the selling price was 4.15 million USDC. Since October 9, he has sold a total of 3,265 ETH at an average price of $1,543, with a selling price of 5.04 million USDC. Currently, the whale still holds 4,448 ETH in two addresses, and is expected to lose about 2.3 million US dollars in ETH.

October 11th, Coinbase Assets tweeted that Coinbase now supports deposits and withdrawals of USDC on Polygon. USDC deposits on Polygon are now open, and all bridged withdrawals will be converted to local withdrawals around 3am Beijing time on October 13th.Previously, native USDC had been launched on the Polygon PoS mainnet. With the addition of Polygon PoS, native USDC is now circulating on 15 different blockchain networks.

Coinbase Assets announced in a tweet that Coinbase has expanded the multi-chain availability of USDC on Polygon. This release will bring more efficient USDC transactions and USDC deposits will be available on Polygon. All bridged withdrawals will be converted to local withdrawals at around noon Eastern Time on October 12th.

Circle, the stablecoin issuer, has launched a new initiative that allows users and developers to mint USD Coin (USDC) directly on the Ethereum layer-2 scaling protocol, Polygon. This eliminates the need to bridge the stablecoin from Ethereum to another blockchain, simplifying the process. The integration promises near-instant transactions with minimal fees, making it crucial for a range of applications, including payments, remittances, trading, borrowing, and lending. <br>

According to Lookonchain monitoring, Calvin Liu, Chief Strategy Officer of EigenLayer, sold the remaining 61,729 LDO at a price of $1.47 30 minutes ago and received 90,825 USDC. It is reported that Calvin Liu purchased 370,370 LDO from Lido: Treasury on May 7, 2021 at a price of $0.75, spending 80 ETH (279,000 US dollars).