News

ChainCatcher News: Stablecoin issuer Circle CEO Jeremy Allaire posted on X that Circle has begun using its own platform to process internal fund settlements. Through USDC and Circle Mint, approximately $68 million in intercompany settlements have been completed among eight entities, with the entire process taking less than 30 minutes and operating 24/7. This method replaces the traditional fiat wire transfer process, which typically takes 1–3 days, and provides full control and audit capabilities. Currently, 90% of the company's transfer pricing settlements can be completed within one day. As Circle Mint continues to be updated, this type of real-time settlement model based on stablecoins is expected to be available to more enterprises in the future.

On March 7, Santiment reported that after the price of bitcoin broke through $70,000 and reached $74,000, whales holding between 10 and 10,000 bitcoins have sold about 66% of their recent purchases, while retail investors holding less than 0.01 bitcoin have continued to increase their positions. Santiment stated that when retail investors are buying and whales are selling, it usually indicates that the market correction is not yet over.

PANews, March 7th – The Web3 Foundation has announced a strategic adjustment to return to its core mission, focusing on Web3 promotion and resource management, supporting community, governance, and technical infrastructure, as well as placing greater emphasis on long-term vision and resource management. Based on this strategic adjustment, the Web3 Foundation will transfer several projects and initiatives, including the JAM Prize, Polkadot governance support, Polkadot Wiki, knowledge base, Kusama Vision, and developer documentation, to other teams and organizations to ensure long-term impact and healthy ecosystem development.