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Transfers

Circle stock price pump gains steam, but a crash may follow

Circle launches Gateway for USDC transfers across seven blockchains

by admin August 19, 2025

Stablecoin issuer Circle has launched Gateway, enabling instant USDC transfers across seven major blockchains.

Summary

Circle launched Gateway to unify USDC liquidity across seven blockchains
Gateway connects USDC on Arbitrum, Avalanche, Base, Ethereum, OP Mainnet, Polygon PoS, and Unichain on launch day
According to Circle, Balances will be accessible cross-chain in <500 ms

Circle has made a significant step in USDC usability. On Tuesday, August 19, Circle launched Gateway on mainnet, connected to seven major blockchains. The platform unifies USDC balances across Arbitrum, Avalanche, Base, Ethereum, OP Mainnet, Polygon PoS, and Unichain on launch day. Circle announced expansions on other chains, with Arc next in line.

Currently, stablecoin liquidity is fragmented across several blockchains. For this reason, exchanges require more capital to operate, and managing their treasuries is complicated. Moreover, rebalancing creates delays and higher costs.

Gateway provides a unified USDC balance across several chains, using a mix of smart contracts and off-chain attestation. According to Circle, cross-chain transfers happen in less than 500 ms, providing a single-chain experience.

Moreover, assets in the Gateway Wallet are self-custodial, remaining under user control. Specifically, assets cannot be burned or minted without user authorization. Additionally, users can initiate a trustless withdrawal even if the Gateway API is unavailable.

Circle riding on growing stablecoin demand

Users have to deposit USDC into a Gateway Wallet contract on any chain. As soon as they do, balances update on all chains. To transfer funds, the Gateway Minter mints USDC on the destination chain while burning on the source chain.

Circle is riding the wave of growing stablecoin adoption. According to the company’s Q2 reports, the company earned $658 million in revenue, up 53% from the previous year. The main reason for this rise was an 86% in USDC circulation, driven by demand for stablecoins.

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August 19, 2025 0 comments

GameFi Guides

Ripple Whale Transfers 26.6M XRP Worth $58M to Coinbase

by admin June 20, 2025

A Ripple whale just transferred 26.6 million XRP, worth around $58 million, to Coinbase, sparking fresh speculation in the crypto market. According to blockchain tracker Whale Alert, the transfer came from an unknown wallet and raised immediate concerns of profit booking and potential sell pressure.

To everyone surprise, the price of XRP remained unchanged. It is holding at the time of reporting at $2.16, which is surprisingly strong given the massive inflow into a centralized exchange.

This kind of whale action is normally a sign of a potential sell-off and this tends to pull prices down. However, this time the market remained calm.

Alva, a crypto analytics platform, said XRP showed “impressive resilience” at a time when other cryptocurrencies were struggling amid heavy liquidations and fears linked to the Israel-Iran tensions.

The responses are divided on social media. Other traders are cautioning that the whale could be about to dump, whereas others are interpreting this as a bullish indicator of increased market maturity. It is thought that the price is being boosted by increasing optimism of a potential spot XRP ETF in the US and massive treasury buying.

The recent rally of XRP contributes to the story. Since November 2024, the token has increased by more than threefold, breaking the $2 threshold, and providing investors with more than 300 percent returns. It has caused a round of profit taking, with Glassnode data indicating that $68.8 million worth of daily profits were realized in early June.

This whale is either selling or not selling, but the price action of XRP is showing that the market is becoming stronger.

Also Read: USDC Now Live on XRP Ledger via Uphold Integration

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June 20, 2025 0 comments

Crypto Trends

Bitcoin Sell-Off Warning? Miner-To-Exchange Transfers Hit Historic Highs

by admin June 7, 2025

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Bitcoin (BTC) experienced a mild sell-off yesterday, hitting a daily low of $100,372 on Binance crypto exchange. However, recent on-chain data suggests the price slump may persist, as BTC miners continue transferring coins to exchanges at unprecedented levels.

Bitcoin Miners-To-Exchange Transfers Hit Record High

According to a recent CryptoQuant Quicktake post by contributor CryptoOnchain, the total realized inflow from Bitcoin miners to exchanges has surged to historic highs. This spike likely contributed to the recent price tumble from the mid-$100,000 range.

For the uninitiated, Bitcoin miners’ total realized inflow to exchanges measures the actual amount of BTC that miners have transferred from their wallets to cryptocurrency exchanges. A sharp rise in this metric typically signals that miners are selling more of their holdings, which can increase supply in the market and potentially drive prices down.

CryptoOnchain shared the following chart showing miners’ inflows surpassing $1 billion per day between May 19 and May 28, 2025. If this trend continues, BTC could face a deeper correction, potentially falling into the low $90,000 range.

Source: CryptoQuant

A similar trend was observed earlier this year in January when BTC was in the midst of a historical rally, creating multiple new all-time highs (ATH) in quick succession. At the time, BTC miners offloaded close to 140,000 coins for roughly $13.72 billion.

Meanwhile, seasoned crypto analyst Ali Martinez pointed out another bearish signal. In an X post, he noted that the Bitcoin Market Value to Realized Value (MVRV) ratio has fallen below its 200-day simple moving average (SMA) – a sign that may lead to further selling pressure.

Source: ali_charts on X

When the MVRV ratio falls below its 200-day SMA, it suggests that the average market participant is holding Bitcoin at a loss or near break-even. This often indicates bearish sentiment or undervaluation, which can trigger further selling among small investors.

BTC Holders Cautiously Optimistic

Adding to the rising uncertainty, yesterday’s public feud between US President Donald Trump and Elon Musk further dampened market sentiment. Some analysts now predict BTC could fall as low as $96,000.

Fellow crypto analyst Anup Ziddi made a similar bearish forecast. The analyst recently stated that as long as BTC remains below $107,000, its chances of further crashes will remain elevated.

That said, there are still reasons for cautious optimism. Recent on-chain data shows that new Bitcoin whales are aggressively accumulating the asset, reinforcing the potential for a future supply squeeze. At press time, BTC is trading at $104,963, up 0.2% in the past 24 hours.

BTC trades at $104,963 on the daily chart | Source: BTCUSDT on TradingView.com

Featured Image from Unsplash.com, charts from CryptoQuant, X, and TradingView.com

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June 7, 2025 0 comments