on chain-data

Computer Hacking Hackers (Shutterstock)
Euler Finance to Offer $1M Reward as It Reels From Nearly $200M Exploit
Euler has sent multiple on-chain messages to the attacker in the past 48 hours.
Computer Hacking Hackers (Shutterstock)

Some 723 million USDC were burnt in a single transaction in early Asian hours. (Arkham Intelligence)
Over $2B in USDC Stablecoin Burnt in Single Day, Data Shows
USD coin holders are not rushing back to the token just yet.
Some 723 million USDC were burnt in a single transaction in early Asian hours. (Arkham Intelligence)

LQTY Token on Glittering Particle Swirl (Liquity/Getty Images)
Decentralized Borrowing Protocol Liquity’s LQTY Token Soars Amid USDC Chaos
The price increase of LQTY comes amid heightened interest in stablecoins following the depegging of USD Coin and the shutdown of several crypto-friendly banks.
LQTY Token on Glittering Particle Swirl (Liquity/Getty Images)

Euler Token and First Republic Bank (Euler/First Republic)
This DeFi Protocol Just Got Hacked but Its Token Is Still Doing Better Than a Major U.S. Bank's
Euler's EUL token fell 50% hours after an exploit on its protocol while First Republic shares fell roughly 62% following U.S. bank turmoil.
Euler Token and First Republic Bank (Euler/First Republic)

(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)

Coinbase CEO Brian Armstrong (CoinDesk archives)
Coinbase Officially Suspends Binance USD Stablecoin Trading
Coinbase CEO Brian Armstrong previously said the decision was made due to liquidity concerns.
Coinbase CEO Brian Armstrong (CoinDesk archives)

On-chain USDC liquidations (Defi Llama)
$70M in Fresh On-Chain USDC Positions at Risk of Liquidation if Stablecoin Depegs by 10%
Traders betting on a USDC revival are in healthy profit but downside risk remains in the event of another depeg.
On-chain USDC liquidations (Defi Llama)

Green and orange spiral as abstract object on the dark background, representing Ethereum layer 2. (vlastas/iStock/Getty Images Plus)
USDC Trading Dominates Record Day for DeFi Exchanges Uniswap, Curve
Decentralized exchanges worked exactly as intended as traders rushed to exchange USDC for wrapped ether and other tokens.
Green and orange spiral as abstract object on the dark background, representing Ethereum layer 2. (vlastas/iStock/Getty Images Plus)

Stock trading chart
Traders Bet on USD Coin Rebound as USDC Falls to 90 Cents
Some $4 million in USDC futures were liquidated in the past 24 hours, Coinglass data shows.
Stock trading chart

Circle CEO Jeremy Allaire (Danny Nelson/CoinDesk)
DeFi Protocol Curve’s $500M Stablecoin Pool Hammered as Traders Flee USDC
The collapse of Silicon Valley Bank is causing turmoil in crypto stablecoin markets.
Circle CEO Jeremy Allaire (Danny Nelson/CoinDesk)