PANews reported on August 2nd that according to official data, Circle issued approximately 5.4 billion USDC and redeemed approximately 6.4 billion USDC in the seven days ending July 31st, reducing the circulating supply by approximately 1.1 billion USDC. The total circulating supply of USDC is 63.9 billion, with reserves of approximately $64.2 billion, including approximately $8.8 billion in cash and approximately $55.4 billion held in the Circle Reserve Fund.



Ethereum co-founder Vitalik Buterin defended his blockchain’s 45-day exit queue after Galaxy Digital’s head of digital called it “troubling,” sparking backlash. Ethereum co-founder Vitalik Buterin has finally addressed some concerns over the lengthening Ethereum staking exit queue, which has now grown to 45 days. His response came after Galaxy Digital’s head of DeFi, Michael Marcantonio, called the exit queue length “troubling” on X and compared it to Solana which only needs two days to unstake. He has since deleted the posts. However, Buterin seemingly took a more ideological stance on the subject, describing unstaking from Ethereum as “more like a soldier deciding to quit the army,” adding that staking is more about “taking on a solemn duty to defend the chain.”Read more