USD Coin (USDC) circulation decreased by about $800 million in the week ending October 8, with redemptions outpacing new issuance. Circle issued $9.7 billion in USDC but redeemed $10.5 billion, bringing total circulation to around $73 billion. The reserves backing USDC stood at approximately $73.2 billion, composed mainly of short-term Treasury securities and deposits at key financial institutions. This shift follows a prior week when USDC circulation had increased by about $300 million, indicating fluctuating demand and supply dynamics in the stablecoin market.
USD Coin circulation data provides context for cryptocurrency market activity. For readers following crypto assets, here is Pluang's market snapshot as of Oct 11, 2026 11:01 WIB: Among 50 major cryptocurrencies, 16 rose and 33 fell today. Algorand (ALGO) gained 3.27% to Rp2.083 with 92% buy orders and a typical hold time of 129 days, contrasting with Polkadot (DOT) which dropped 3.13% to Rp21.897 and saw 71% sell orders. MultiversX (EGLD) declined 3.07% to Rp69.740 but had 100% buy orders and a shorter hold time of 85 days.
Two wallets reportedly exploited price swings on Hyperliquid by placing around $20 million in orders, shifting Ether prices slightly. They simultaneously opened large long positions on Papertrade, which uses Hyperliquid prices for settlement. This st...
Bitcoin balances on major exchanges remained stable over one day, with no net inflow recorded. However, weekly and monthly data show significant net outflows, indicating ongoing withdrawals from exchanges. Trading volume was highest during Asian hour...
Ampleforth (AMPL) experienced a sharp decline of 13.91% within 60 minutes on October 11, falling to $1.30, reflecting ongoing volatility in the altcoin market. Over the previous 24 hours, AMPL traded between $1.30 and $1.50, with a market cap of abou...
Two wallets reportedly exploited a known best-bid-and-offer (BBO) risk on the papertrade protocol, triggering about $20 million in Ether (ETH) trades that moved prices by 10 to 20 basis points on the Hyperliquid platform. A community user, boblob, ac...
Starknet (STRK) led the top 90 cryptocurrencies by market cap, rising 45.02% in 24 hours to $0.107, extending its previous day's 42.04% gain. Among other notable movers, Aerodrome Finance gained 14.46%, Injective rose 6.54%, and Figure Heloc advanced...
