Foresight News reports that according to Ember Monitoring, after PENGU rose 13% today, an address received 164 million PENGU from Wintermute one hour ago, then sold all on-chain for 2.166 million USDC at a selling price of $0.0132.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Circle launches a CPN managed payment solution, providing stablecoin settlement services to traditional financial institutions
Circle launched the Circle Payments Network (CPN) managed payment solution on April 8 to provide stablecoin settlement services for financial institutions, simplify fiat interactions, and handle crypto operations. The first set of partners includes Thunes and Worldline, and monthly trading volume for USDC has already surpassed USDT.
GateNews37m ago
600M per month! Crypto card transaction volume up 3x year over year, with USDC catching up to USDT
In March, cryptocurrency card transaction volumes reached $600 million, up more than threefold year over year, indicating its growing adoption in digital payments. The market share of USDT has gradually been shrinking, while USDC continues to rise in regulated markets such as North America and Europe. Tether plans to launch a U.S. compliant stablecoin to counter USDC’s expansion; going forward, the market landscape will keep changing.
MarketWhisper1h ago
Circle Mints $1 Billion USDC on Solana as On-Chain Dollar Demand Grows
Circle's recent $1 billion USDC mint on Solana indicates rising demand for stablecoins, highlighting Solana's growth in on-chain financial activities. This event suggests increased liquidity and a shift towards digital dollars in crypto markets.
CryptometerIo13h ago
White House CEA: Banning stablecoin yields will have little to no impact on community banks; USDC rewards can still be profitable
The White House Council of Economic Advisers released a report stating that prohibiting crypto companies from offering stablecoin yield will have a negligible impact on community banks, with traditional loan growth of only 0.02%. The report said the ban deprives consumers of competitive returns and reflects tensions between the crypto industry and banking. The conclusion differs significantly from the risks warned by the Community Bankers Association, and could have potential effects on the market and investors.
GateNews16h ago
Swiss Franc Stablecoin Rolls Out Faster: UBS Group, Sygnum Bank, and Other Institutions Enter the Game
Several Swiss financial institutions jointly launched a Swiss franc stablecoin sandbox test, aiming to build a blockchain-based digital settlement layer and promote stablecoin payments and asset transfers. This project is subject to regulation and will continue until 2026, to accumulate experience for future commercialization. This move strengthens Switzerland’s competitive edge in the digitization of finance and indicates that the global financial system is evolving toward “on-chain” development.
GateNews18h ago