News

PANews reported on December 20 that, according to official data, in the 7 days ending December 18, Circle issued approximately 4.7 billion USDC and redeemed about 6 billion USDC, resulting in a decrease in circulation of around 1.3 billion tokens. The total USDC in circulation is 77.2 billion tokens, with reserves of about 77.5 billion US dollars. Of these reserves, overnight reverse repo agreements in US Treasuries account for approximately 53.3 billion US dollars; US Treasuries with maturities of less than 3 months account for about 14.3 billion US dollars; deposits at systemically important institutions are around 9.2 billion US dollars; and other bank deposits are about 700 million US dollars.

Foresight News reported that, according to on-chain data, the Lighter token contract transferred approximately 250 million tokens about 3 hours ago. The purpose of the token transfer is still unclear, but the community speculates that it may be used for airdrop distribution.

BlockBeats News, on December 20, CryptoQuant founder Ki Young Ju commented that Tom Lee is known for his consistently bullish stance, with his ratio of bullish to bearish views being approximately 10:0. When the possibility of a correction arises, he briefly acknowledges the downside risk and adjusts the risk ratio to about 9 to 1. From a relative perspective, this is the alpha value. Perhaps this is the inevitable fate of being in the sell-side research field, forcing him into this somewhat bittersweet situation.