News linked to both this project and an event.
According to on-chain analytics platform Lookonchain (@lookonchain), a new wallet created just one day ago spent 752,723 USDC two hours ago to purchase 10.2 million $MEME tokens at an average price of $0.074, and its current unrealized profit has reached $388,000.
According to information provided, the PolyFlow App supports assets such as USD, USDT, and USDC, with stablecoin deposits and withdrawals covering multiple networks including BSC, Ethereum, Tron, and Solana; users can perform in-platform transfers via their PolyFlow UID or registered phone number. Additionally, the PolyFlow Card has been integrated into the app for global spending scenarios supported by the Visa network.
Odaily News Uniswap founder Hayden said on X that correlated trading pairs are emerging. The top five tokenized SPY trading pairs by volume are "bridge" pairs connecting other common base pairs, which then primarily link to highly correlated tokenized stocks. These markets are global, programmable, low-cost, and operate 24/7.Uniswap founder Hayden said on X:.I've been working at the frontier of DeFi for 9 years. It's a fascinating field with infinite depth and the potential to transform capital markets.I've always believed AMMs hold immense potential, but for the past decade, one question has persisted: Can this novel market structure truly become the core engine for all financial markets?After years of evolution and development, the path for AMMs to achieve global dominance is becoming increasingly clear. To explain this, we need to start in 1976.Tokenization Changes Market Makers.Index funds celebrated their 50th anniversary this month. When Jack Bogle launched the index fund in 1976, he hoped to raise $150 million but ultimately raised only $11.3 million. Competitors called it "Bogle's Folly," posting posters claiming index funds were un-American. They argued that a fund making no decisions couldn't possibly beat professionals paid to make decisions. Today, the majority of US fund assets are allocated to passive investment vehicles.I've been thinking about this recently because tokenization's "folly moment" is ending. The SEC has approved NASDAQ and the NYSE to trade tokenized stocks. DTCC, which handles virtually all US securities settlement, also conducted a live pilot of tokenized trades in July. Nearly all related activity is described the same way: treating tokenization as an infrastructure upgrade.The same markets, faster, cheaper, and always open. These statements are all true, but I believe the infrastructure upgrade framework obscures a larger change. Tokenization makes markets programmable, changing how markets exist, who makes markets, and what is traded.In 2018, I created Uniswap, an automated market maker protocol. Anyone can deposit two assets into a shared liquidity pool and earn fees from every trade, while prices adjust along a curve as users buy and sell. Uniswap has operated autonomously since its launch, processing over $4.6 trillion in cumulative volume and increasing DEX spot volume share from under 1% to over 20%.As AMMs like Uniswap continue to evolve, their liquidity has formed a pattern most financial markets haven't noticed yet: correlated trading pairs.The Easiest Place to Find Success.To succeed everywhere, you must first succeed somewhere. AMMs found product-market fit in long-tail markets because most assets previously couldn't attract professional market makers' attention. On Uniswap, anyone can create a market with a single transaction, and issuers and early supporters can become the first liquidity providers.Then came stablecoin pairs. Take USDC/USDT, for example. A good passive strategy can approach optimal l
According to on-chain analyst Auntie Ai (@ai_9684xtpa), a whale holding a 45,000 ETH long position sold 1,500 ETH on-chain two hours ago to mitigate liquidation risk. The trade realized a profit of $618,000, and the proceeds were converted to USDC and added as additional margin on Hyperliquid. The whale's $107 million long position now shows an expanded unrealized loss of $4.8 million. With an entry price of $2,486.37 and a latest liquidation price of $2,173.36, only approximately $207 of downside space remains before the current price reaches the liquidation threshold.
Odaily News: According to Onchain Lens monitoring, a whale's execution wallet has accumulated purchases of 155,980 HYPE, worth approximately $12.91 million, at an average price of about $82.77, with no HYPE sold. The accumulated HYPE has been withdrawn to another wallet and staked. The execution wallet still has approximately $4.34 million in USDC available and continues to buy.
Odaily News, Avici announced that its card partner Rain discovered today a vulnerability in an old Solana card contract used by Avici and a few other projects. The relevant contract has now been upgraded across all projects, and no further unauthorized activity has been detected. This incident only affected the standalone Solana contract used to hold post-deposit card balances; users' Avici wallets and card balances are isolated from each other, and funds in Solana and EVM self-custody wallets are safe and unaffected. Upon review, a total of 1,685 users were affected, with combined card balances of approximately $500,900. Avici has committed to fully refunding card balances to all affected users and has filed a report with the FBI's Internet Crime Complaint Center (IC3). Previously reported, Avici, a crypto banking project, saw its native token AVICI allegedly suffer a hacker attack, with losses of approximately $1.02 million. The attacker transferred 10,000 SOL stolen from the project to another wallet, converted it into approximately $1.02 million USDC, and then swapped the funds into approximately 418 ETH via cross-chain operations.
Odaily News: According to on-chain analyst Ember's monitoring, a certain address deposited 14.06 million USDC into Binance one month ago, and early this morning withdrew 281,000 SOL from Binance back to the chain, valued at $29.68 million.
Odaily News According to on-chain analyst Ai Yi's monitoring, the bit-affiliated entity (0xa9d...3e049), which previously realized a profit of $55.095 million, received 10 million USDC as margin yesterday and opened a long position on 6,000 ETH just 2 minutes ago, valued at approximately $14.98 million, with an entry price of $2,492.
Odaily News According to on-chain analyst Ember's monitoring, this entity has used 36 million USDC over two days to buy 441,000 HYPE and deposit it into staking, at an average price of $81.6. It just transferred another 12 million USDC to purchase HYPE. The entity currently has 4.826 million HYPE staked, worth $404 million, with an average price of approximately $66.1 and a floating profit of $84.9 million.
According to Lookonchain monitoring, trader @hexiecs made a profit of $305,000 through FONE trading today, achieving a 23x return. The trader bought 11.81 million FONE tokens with 13,000 USDC when FONE's market cap was $1.1 million, then sold 1 million FONE for 12.8 SOL, worth $1,290. The trader still holds 10.81 million FONE, valued at $317,000.
Odaily News: According to on-chain analyst Ember's monitoring, after purchasing $24 million worth of HYPE at $68.7 in June, the largest HYPE holder suspected to be associated with a16z has once again bought and staked HYPE. Within the past day, the entity deposited 36 million USDC into Hyperliquid through 12 addresses to purchase HYPE. So far, it has used 24 million USDC to buy 282,090 HYPE at an average price of $81.5. The entity currently holds and stakes a total of 4.679 million HYPE, valued at $381 million, with an average price of approximately $65.6, resulting in a profit of $74.4 million.
According to Digital Asset, Hyperliquid launched the AQAv2 (Aligned Quote Asset v2) mechanism on August 26, allocating a portion of the returns generated by USDC reserves on the platform toward capital accumulation, which will ultimately be directed to the Assistance Fund for secondary market repurchases and burns of HYPE to reduce its circulating supply. Under this mechanism, Circle is responsible for USDC technical deployment, while Coinbase handles reserve management; stablecoin issuers are expected to share approximately 90% of the relevant reserve returns with the protocol after deducting operating costs. Returns are accumulated on a 30-day cycle, with the initial fund transfer expected on October 3. Market estimates indicate that, based on current USDC outstanding balances and yield rates, annualized returns could reach $135 million to $160 million, although the actual repurchase scale will ultimately depend on the platform's USDC supply and reserve yields.
Odaily News: As of August, cumulative top-ups on USDC- and USDT-linked stablecoin cards have reached $13.8 billion, an increase of nearly $10 billion over the past 12 months. Stablecoin cards are shifting USDC and USDT from trading balances toward everyday consumer use cases.USDC currently leads in tracked card spending, while USDT is accelerating its catch-up. The two follow different adoption paths: USDC benefits more from fintech integrations and payment infrastructure, whereas USDT is more active across exchanges, remittances, and emerging markets.On-chain settlement also reflects a multi-chain distribution, with Base leading at approximately $1.2 billion, followed by Solana at $635 million, Polygon at $544 million, and Optimism at $509 million. Networks such as Arbitrum, Scroll, Ethereum, and Stellar are also carrying significant activity.Stablecoin cards still rely on traditional payment networks like Visa and Mastercard, shifting the competitive focus toward custody, FX costs, cashback, and capital efficiency. Meanwhile, Circle has renewed its USDC partnership with Coinbase under the original terms, excluding any dividend arrangements. (Bitcoin.com News)
According to on-chain analytics platform Lookonchain (@lookonchain), Circle has minted approximately 5 billion USDC over the past week.
According to Cointelegraph, Bernstein analysts see signs of "digital dollar reflation" in USDC, with its supply surging by $2 billion over seven days. The firm maintains an Outperform rating on Circle (CRCL) with a $140 price target, noting that USDC's trading volume share has surpassed that of USDT.
According to Odaily, on-chain analyst Ember monitoring revealed that half an hour ago, a whale transferred 8 million USDC to Hyperliquid and subsequently opened long positions in Bitcoin and ETH valued at $71.8 million. Among these, the long position in 600 BTC was valued at $46.94 million, with an entry price of $78,032; the long position in 10,000 ETH was valued at $24.89 million, with an entry price of $2,479.
Odaily News: Bernstein analysts have assigned Circle an “Outperform” rating with a price target of $140, noting that its growth cycle does not depend on the progress of the Clarity Act. The analysts pointed out that USDC supply grew by $1.7 billion over the past week, and the stablecoin trading volume market share continues to expand. (The Block)
According to on-chain analytics platform Lookonchain (@lookonchain), after depositing 136.5 million USDC into Binance, Ceffu withdrew BTC and ETH worth $264 million. This includes 1,524 BTC (worth $117.9 million) and 59,484 ETH (worth $145.9 million).
Odaily News: Cathie Wood recently posted on X discussing the comparison between CRCL and Visa and Mastercard, stating: "Despite CRCL (Circle) rising 84% since its IPO, this one-year chart fully reflects the short-term inefficiency of public equity markets. Many financial services analysts have built their professional reputations by tracking V (Visa) and MA (Mastercard) over the long term, which is why they cannot understand Circle as a disruptor. Since MA and V went public in 2006 and 2008 respectively, both have risen approximately 150-fold and 33-fold, making those analysts who recommended buying on dips back then extremely profitable. However, today, it is the underlying technology—not the playbook these analysts follow—that is disrupting the traditional world order. CRCL should be a core beneficiary of this transformation."
Odaily News According to on-chain analyst Ember Monitor, the TRUMP token team address (BDNB...mx66) transferred 3.837 million tokens to OKX yesterday, valued at $9.33 million. Since early this morning, the address has sold another 1.1 million tokens by adding unilateral liquidity, receiving 2.94 million USDC at an average selling price of $2.68.