Circle

On March 11, Hal Press, CEO of North Rock Digital, a hedge fund, tweeted that Circle held 77% of the reserves in the treasury bills of 1 to 4 months, providing a lower limit of 0.77 for USDC; The total loss of Circle is expected to be 0.8% to 1.5% of USDC at most; Therefore, we have chosen to continue to buy at US $0.88, and have previously bought at US $0.935; The USDC is likely to be completely re-anchored eventually. Interpretation of this information: On March 11, Hal Press,…

On March 11, according to the analysis of encryption analyst Adam Cochran, according to the recovery process of FDIC (Federal Deposit Insurance Corporation of the United States) and referring to the collapse of Southern Pacific Bank in 2003, FDIC will first pay a one-time dividend (about 62%), and pay 94% of the capital at the time of final payment. If Silicon Valley Bank is similar to this situation, the maximum loss of Circle is $198 million of $3.3 billion, which is easily covered by Circle’s interest income. Interpretation of this…

According to reports, Circle said on Twitter that about US $40 billion of USDC reserves had US $3.3 billion kept in Silicon Valley banks. Interpretation of this information: The announcement made by Circle has caught everyone’s attention as they revealed that around US $40 billion of USDC (USD Coin) reserves were being held in Silicon Valley banks. It has sparked interest among individuals as the use of cryptocurrencies is becoming increasingly popular, and many investors are curious about the underlying assets used to back digital currencies. Circle is a financial…

On March 11, according to PeckShield Alert data, Circle destroyed 2.7 billion USDCs in the past 24 hours, and Coinbase (at least 1.78 billion) and Jump Crypto (about 96 million) redeemed at least 1.87 billion USDCs in the past 24 hours. Interpretation of this information: The cryptocurrency market has seen a massive fluctuation in stablecoin redemptions in the past 24 hours. PeckShield Alert data reveals that Circle, a global financial technology company, destroyed 2.7 billion USDCs (USD Coin) in this period. At the same time, Coinbase and Jump Crypto redeemed…

According to the report, according to Whale Alert test data, Circle destroyed 708230654 USDCs in total in the past six hours. Interpretation of this information: The cryptocurrency company Circle has reportedly destroyed over 700 million USDCs (USD Coin) in the past six hours. This is according to test data from Whale Alert, a blockchain tracker that monitors large transactions. The exact reason for this massive destruction of USDCs is unclear. However, it may be related to the company’s efforts to maintain the stability and security of its stablecoin, which is…

7:00-12:00 Key words: Circle, Sun Yuchen, HT, Optimism Interpretation of this information: The message is referring to a timeframe of 7 AM to 12 PM, and there are three keywords mentioned in the content: Circle, Sun Yuchen, HT, and Optimism. It is unclear how these keywords may be related, so we need to delve a bit deeper to understand what the writer is trying to convey. The circle is a shape that has long been associated with unity, wholeness, and infinity. It may also represent a cyclical pattern or a…

On March 10, according to the audit report of stable currency issuer Circle in January this year, Circle has reserves in many regulated financial institutions in the United States, including Silicon Valley Bank and Silvergate. This report is reviewed and certified by Deloitte. Interpretation of this information: The message above pertains to the audit report of Circle, a stable currency issuer, that was conducted in January this year. This report highlights several key findings, including evidence that Circle has reserves in numerous regulated financial institutions throughout the United States. Notably,…

It is reported that the development team behind CryptoKitties and NBA Top Shot, Dapper Labs, said that because its payment partner Circle deleted the corresponding function, it no longer supports the ACH (automatic clearing center) cash withdrawal option, but will continue to support cash withdrawal through wire transfer and USDC. Interpretation of this information: The report states that Dapper Labs, the developers of popular blockchain games CryptoKitties and NBA Top Shot, will no longer be supporting the ACH (automatic clearing center) cash withdrawal option. This decision was made because Dapper…

21:00-7:00 Key words: FATF, Circle, Tapiero, Polygon Interpretation of this information: The following message highlights three keywords, namely FATF, Circle, and Tapiero. The message is time-stamped between 21:00 and 7:00, which suggests that it was sent during the night. While it is unclear who sent the message and its intended recipients, the mention of these words provides some insight into its possible meaning. FATF stands for the Financial Action Task Force, an intergovernmental organization that fights money laundering and terrorist financing. The mention of this keyword suggests that the message…

It is reported that Circle, the issuer of the USDC, announced a cooperation with Citizens Trust Bank, which will hold USDC cash reserves of US $65 million. In addition, the two sides will also carry out cooperation in financial inclusion and digital financial knowledge. Interpretation of this information: Circle, the issuer of the USDC, has recently announced a collaboration with Citizens Trust Bank. Under this partnership, Citizens Trust Bank will serve as a holder for USDC cash reserves worth $65 million. The two parties will also be collaborating on financial…

According to reports, Jeremy Fox-Geen, chief financial officer of Circle, the issuer of stable currency, said that the company had about 900 employees as of the end of last year, and it is expected to increase by 15% to 25% by 2023, or 135 to 225 employees. This is lower than the growth rate in 2022, when the number of people was about twice that in 2021. Interpretation of this information: Circle, the stable currency issuer, is planning for its future growth as it aims to increase its employee count…

According to the report, according to the announcement on the official website of Circle, in response to the recent comments of the Bank of Ireland on the topic of consumer protection, Circle put forward suggestions on how financial regulators can support innovation while ensuring the best interests of consumers, emphasizing that financial services based on blockchain can bring benefits to consumers by increasing competition, wider choice, financial service decomposition, and the open and transparent architecture of blockchain. Interpretation of this information: The message is regarding a report about Circle, a…

It is reported that, according to official data, from February 9 to February 16, Circle issued a total of US $9.7 billion of USDCs and redeemed US $9.6 billion of USDCs, with an increase of about US $100 million in circulation. As of February 16, the total circulation of USDC was $41.6 billion, and the reserves were $41.7 billion, including $9.9 billion in cash and $31.8 billion in short-term US treasury bond bonds. Interpretation of this information: The message reports official data about the circulation and redemption of USDC (USD…

On February 15, Dante Disparte, Chief Strategy Officer and Global Policy Leader of Circle, said in response to the tweet of Fox Business News reporter Eleanor Terrett that Circle had not received the Wells notice. Interpretation of this information: The message from Dante Disparte of Circle, a global financial technology firm, was a response to a tweet from Eleanor Terrett of Fox Business News. Terrett had tweeted that the SEC had issued a Wells Notice to Circle, indicating that the agency was considering enforcement action against the company. Disparte’s response…

21:00-7:00 Keyword: Coinbase, BUSD, Circle, NYDFS Interpretation of this information: The message at hand announces that Coinbase, a leading cryptocurrency exchange, has partnered with Circle to add BUSD, a regulated stablecoin, to their platform, pending approval by the New York Department of Financial Services (NYDFS). This decision comes as no surprise as stablecoins have become increasingly popular in the crypto world due to their stability in value, low volatility, and easy accessibility. BUSD, specifically, is appealing for its regulatory compliance and transparency, as it is backed by real US dollars…

It is reported that Circle reported to the New York Financial Services Department (NYDFS) in the fall of 2022, complaining that the blockchain data showed that Binance did not have enough reserves to support its BUSD tokens issued through Paxos. NYDFS spokesman told Reuters that Paxos did not manage BUSD in a “safe and reliable” way, so “it violated its obligation to conduct customized regular risk assessment and due diligence updates for the BUSD customers issued by Binance and Paxos” to prevent bad actors from using the platform. ” NYDFS…

7:00-12:00 Key words: Circle, BUSD, Paxos, SEC, Yingtou Securities Interpretation of this information: The message is about a partnership between Circle, a global financial technology firm, and BUSD, a regulated stablecoin issued by Paxos, to bring more transparency and compliance to the world of digital transactions. The partnership involves Circle’s use of BUSD as a primary reserve currency on its platform, which will seek to adhere to the SEC’s regulatory requirements for stablecoin issuance and maintenance. The message notes that Yingtou Securities will be one of the first partners to…