Coinbase vartotojai panikuodami konvertuoja daugiau nei 5 mlrd. USDC į „Fiat“.

The U.S. Securities and Exchange Commission (SEC) crackdown against crypto staking has caused panic in the kodavimo rinka. In the last 24 hours, Coinbase users have converted nearly $5 billion of Circle’s USD Coin (USDC) stablecoin to fiat due to panic caused by actions of US regulators.

Moreover, a potential Operacija „Choke Point“ tipo veiksmas coordinated by multiple U.S. government agencies is likely under a plan to cut ties between the crypto industry and the banking sector.

Coinbase Processed $5 Billion USDC Burn in a Day

PeckShieldAlert in a tweet on February 10 atskleidė that over $4.7 billion USDC was processed by Coinbase for burning at Circle’s USDC Treasury in the last 24 hours.

Eterų kanalas duomenys revealed the wallet address is continuously converting USDC stablecoin to fiat. Until now, nearly $5 billion USDC in total have been sent for burning at the USDC Treasury.

It indicates Coinbase users are converting their USDC to fiat amid the panic caused by the U.S. SEC regulatory action against crypto staking. The SEC charged the crypto exchange Kraken for the unregistered offer and sale of securities through its staking-as-a-service program. It resulted in a massive selloff in the crypto market, with the crypto market cap falling over 4% in the last 24 hours.

Although Coinbase processed huge amounts of USDC burn, it also received nearly the same amount of USDC after minting.

Meanwhile, Coinbase (COIN) shares price fell 14% to $59.63 on Thursday. In the pre-market hours, COIN price is trading at $59, down over 1%.

Coinbase CEO To Contest Crypto Staking Ban

Coinbase CEO Brian Armstrong on Friday said they will protect Coinbase and its users from U.S. SEC’s forced enforcement actions. The SEC has earlier attacked Coinbase for listing securities and insider trading cases.

“We will keep fighting for economic freedom (our mission at Coinbase). Some days being the most trusted brand in crypto means protecting our customers from government overreach.”

Pro-crypto SEC Commissioner Hester Peirce has išreiškė savo susirūpinimą about the agency’s high-handed action and the lack of regulatory clarity.

Taip pat skaitykite: US SEC Crypto Staking Crackdown Benefits Decentralized Services, Here’s How

Varinderis yra techninis rašytojas ir redaktorius, technologijų entuziastas ir analitinis mąstytojas. Susižavėjęs ardomosiomis technologijomis, jis pasidalino žiniomis apie blokų grandinę, kriptovaliutas, dirbtinį intelektą ir daiktų internetą. Jis ilgą laiką buvo susijęs su blokų grandinės ir kriptovaliutų pramone ir šiuo metu pateikia visus naujausius kriptovaliutų pramonės atnaujinimus ir pokyčius.

Pateiktame turinyje gali būti asmeninė autoriaus nuomonė ir jis priklauso nuo rinkos sąlygų. Prieš investuodami į kriptovaliutas, atlikite rinkos tyrimus. Autorius ar leidinys neprisiima jokios atsakomybės už jūsų asmeninius finansinius nuostolius.