Sage D. Young

Sage D. Young

Sage D. Young is a tech protocol reporter at CoinDesk. He cares for the Solarpunk Movement and is a recent graduate from Claremont McKenna College, who dual-majored in Economics and Philosophy with a Sequence in Data Science. He owns a few NFTs, gold and silver, as well as BTC, ETH, LINK, AAVE, PEOPLE, DOGE, OS, and HTR.

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(Mario Tama/Getty Images)
Burning USDC and Minting DAI Prove to Be Popular On-Chain Activities Amid SVB Collapse
Circle’s USDC stablecoin had nearly $3 billion in net redemptions since Friday, while the total supply of DAI increased by 1.2 billion tokens over the same time period.
(Mario Tama/Getty Images)
USDC/USDT Hourly Chart (Kraken)
USDC Stablecoin Depegs From $1; Circle Says Operations Are Normal
USDC/USDT dropped as low as 94 cents on Kraken, its lowest level since April 2021.
USDC/USDT Hourly Chart (Kraken)
Silicon Valley Bank (SVB) headquarters on March 10, 2023 in Santa Clara, California. (Justin Sullivan/Getty Images)
Crypto Wallets Withdraw $902M USDC From Centralized Exchanges in Past 24 Hours Amid SVB, Silvergate Shutdowns
$11.4 billion of USDC reserves are held in the form of cash at Reserve Banks, which include the two members of the Federal Reserve System.
Silicon Valley Bank (SVB) headquarters on March 10, 2023 in Santa Clara, California. (Justin Sullivan/Getty Images)
Liquidity Pool (Unsplash)
Voyager Continues Liquidating Crypto Assets for Circle’s USDC Stablecoin
Amid its ongoing bankruptcy case, Voyager has liquidated more than $80 million since March 8, according to on-chain data sourced from Arkham Intelligence.
Liquidity Pool (Unsplash)
Gotchi Guardians (Aavegotchi Blog)
Gaming Protocol Aavegotchi Members Are Voting to End Multiyear Token Sale, Which Could Limit GHST Supply
If passed, roughly $33 million DAI will be allocated to support the development of the Aavegotchi ecosystem.
Gotchi Guardians (Aavegotchi Blog)
(israel palacio, Unsplash)
Tornado Cash Fork, Privacy Pools, Deployed on Optimism Testnet
Privacy Pools uses zero-knowledge proofs to prove that funds in anonymous transactions are not linked to criminal activity, such as North Korea’s $625 million hack on Axie Infinity.
(israel palacio, Unsplash)
Perspectives of Numbers in CPU chip (Getty Images)
Gitcoin, a Crowdfunding Platform for Open-Source Software Votes to Seed Staked ETH Index
The index could provide a stream of income for Gitcoin to raise funds for grants – if users are attracted to the new index that exposes token holders to a diversified set of liquid staking tokens.
Perspectives of Numbers in CPU chip (Getty Images)
(Chris Linnett/Unsplash)
BridgeTower Capital to On-Ramp Lido, Offers Security Token for Avalanche’s Staking Rewards
The announcements highlight BridgeTower's emphasis on regulatory compliance.
(Chris Linnett/Unsplash)
Staking.
Decentralized Betting Protocol Thales’ Staking Model Deploys to Arbitrum
By expanding to the largest layer 2 scaling solution, Thales aims to become more resilient and encourage protocol usage.
Staking.
(DALL-E/CoinDesk)
Lido Community Conducting Snapshot of V2 Upgrade Design Approval
Lido is gearing up for Ethereum’s upcoming Shanghai upgrade.
(DALL-E/CoinDesk)