News

BlockBeats News, on March 13, Circle officially announced that its tokenized money market fund USYC has surpassed $2 billions in scale, becoming the world's largest tokenized money market fund. This milestone clearly demonstrates that on-chain cash and collateral are increasingly being adopted in global markets. USYC is a product by Circle that tokenizes traditional money market funds using blockchain technology, allowing institutional investors to hold, trade, and manage yield assets on-chain. The fund primarily invests in short-term US Treasury bonds and reverse repurchase agreements backed by US government securities.

ChainCatcher news, according to OnchainLens monitoring, Ethereum's top treasury company BitMine once again increased its holdings this morning by purchasing 30,000 ETH through FalconX, valued at 61.89 million US dollars.

BlockBeats News, on March 13, Ethereum officially stated that privacy within the Ethereum ecosystem is undergoing a transformation, which can even be described as a renaissance. Ethereum originated from the cypherpunk movement, and it is part of a decades-long struggle to protect digital rights through open-source technology. The foundation of this struggle lies in privacy protection, meaning that users' online activities should not be repackaged and used for commercial purposes. Cypherpunk stands for resistance to censorship, open-source, privacy, and security (abbreviated as CROPS). The new cypherpunk is a contemporary collaborative concept that upholds cultural values such as permissionlessness, privacy, decentralization, anti-censorship, trustlessness, and open-source. It is oriented towards positive-sum games, but rooted in a realistic political understanding of self-defense. Today's Ethereum represents the new cypherpunk, offering a modern interpretation of tradition. This is cypherpunk with an Ethereum flair! The new cypherpunk is part of Eric Hughes' legacy, who is a paradigm in the cypherpunk community with the deepest understanding of how privacy can be achieved. At the end of 2023, Vitalik called on the community to "revitalize Ethereum cypherpunk," and now may be the best time to become a privacy advocate within the Ethereum ecosystem.