Ethereum Network Witnesses Destruction of over 55 Million USDC Tokens by Treasury
In the world of crypto, the pace of development never slows. Here are some of the latest news and updates that have caught our attention.
U.S. Considers Bitcoin Reserve
In a significant move, the United States government is reportedly exploring the possibility of creating a national Bitcoin reserve. The exact details of this potential development are yet to be revealed, but it's clear that this could mark a significant shift in the country's approach to digital assets.
Eric Trump Joins ALT5 Sigma
Former Trump Organization executive, Eric Trump, has joined ALT5 Sigma, a blockchain-based platform focused on digital securities. His involvement in the company is expected to bring a fresh perspective and potentially boost its profile.
John Kojo Kumi's Crypto Focus
John Kojo Kumi, a crypto researcher and author, emphasises the importance of the University of Ghana in his work. A graduate of Kwame Nkrumah University of Science and Technology, Kumasi, Kumi specialises in emerging startups, tokenomics, and market dynamics within the blockchain ecosystem.
USDC Burn on Ethereum
On July 25, 2025, the USDC Treasury destroyed 55,000,025 USDC on the Ethereum blockchain, a move valued at approximately $54,986,842. This burn, aimed at maintaining price stability, reduced the circulating supply of USDC on Ethereum by approximately 0.17%. Despite the burn, USDC's trading volume saw a 17.82% change, indicating strong market engagement.
Ukraine Parliament Advances Crypto Legalization Bill
The Ukrainian parliament has taken a step towards crypto legalization, advancing a bill that could pave the way for wider adoption of digital assets in the country. The exact details of the bill are yet to be finalised, but it's clear that this could mark a significant shift in Ukraine's approach to digital assets.
Solmate Secures $300 Million Investment
Brera Holdings, now known as Solmate, has secured a $300 million investment. The company's focus on blockchain technology and digital assets is expected to benefit from this injection of capital.
Polymarket Teams Up with Stocktwits
Prediction market platform Polymarket has announced a partnership with Stocktwits, the social network for traders. This collaboration is expected to bring new features and opportunities to both platforms.
Ethena Labs Nears Fee Switch Activation
Ethena Labs is reportedly nearing the activation of a fee switch, a move that could significantly impact the cost of transactions on its platform. The exact timeline for this activation is yet to be confirmed.
Upbit Lists USD1 on KRW, BTC, and USDT Markets
South Korean crypto exchange Upbit has listed USD1 on KRW, BTC, and USDT markets. This move could boost the visibility and liquidity of the relatively new stablecoin.
Binance Lists Trump-Affiliated WLFI Token
Crypto exchange Binance has listed the WLFI token, which is affiliated with the Trump-backed media company, Newsmax. The listing is expected to increase the token's visibility and potentially boost its value.
USDe Milestones Reached by Ethena Labs
Ethena Labs, a decentralised exchange (DEX) built on the Solana blockchain, has reached several milestones, including surpassing $1 billion in total value locked (TVL). This growth indicates a growing interest in the platform and its unique offerings.
Whale Alert Confirms On-Chain Event
Whale Alert, a service that tracks large transactions on the blockchain, has confirmed an on-chain event. This event, while not yet fully understood, underscores the transparency and verifiability offered by public blockchain records.
Stay tuned for more updates as the world of crypto continues to evolve at a rapid pace.
