Express News | Golden Morning Brief | Overview of Key Overnight Developments on September 6
21:00-7:00 Keywords: OpenAI, YZi Labs, DeFi 1. The 90-day correlation between Bitcoin and gold prices has risen to +0.50; 2. Security concerns arise from the technology used in OpenAI's "Astra" model; 3. Mutual attacks on oil tankers by the U.S. and Iran; Iranian military warns of potential larger-scale strikes against the U.S.; 4. Changpeng Zhao: Investments in YZi Labs over recent months may become his best-performing trade; 5. Trump's MAGA Super PAC contributes $10 million to the general election for the first time; 6. CZ: Kyrgyzstan has established a crypto regulatory framework, and the stablecoin KGST has begun circulation; 7. USDC deposits in DeFi protocols grew by 34.1% over the past 90 days, reaching $9.3 billion.
Express News | Data: The volume of USDC deposited in DeFi protocols increased by 34.1% over the past 90 days, reaching $9.3 billion.
On September 6, data from Token Terminal showed that the volume of Circle-issued USDC deposited in DeFi protocols rose by 34.1% over the past 90 days, reaching $9.3 billion. Of this total, USDC deposits in Morpho Blue and Aave V3 reached $3.6 billion and $2.8 billion, respectively, accounting for approximately 69% of the combined total.
Express News | A crypto whale invested $4.5 million in PONS, CASHCAT, UNI, and AAVE.
On September 5, data from Onchain Lens showed that over the past 24 hours, a whale accumulated purchases of 3.23 million PONS tokens for 913 ETH (approximately $2.26 million); 1.69 million CASHCAT tokens for 160 ETH (approximately $392,000); 7,270 AAVE tokens for 1 million USDC; and 156,450 UNI tokens for 850,000 USDC.
Express News | The circulating supply of USDC increased by approximately 600 million tokens over the past seven days.
On September 5, official data showed that in the seven days ending September 3, Circle issued approximately $11 billion worth of USDC and redeemed approximately $10.4 billion, resulting in a net increase in circulation of about $600 million. The total circulating supply of USDC stood at 74.6 billion tokens, backed by reserves of approximately $74.5 billion. These reserves comprised roughly $49.6 billion in overnight reverse repurchase agreements backed by U.S. Treasuries, approximately $14.5 billion in U.S. Treasury securities with maturities of less than three months, around $9.6 billion in deposits at systemically important financial institutions, and about $800 million in deposits at other banks.
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