Hyperliquid's network faces heightened scrutiny following a $249 million USDC outflow and allegations of suspicious transactions.

In the last 24 hours, a crypto whale deposited 18.3 million USDC into Hyperliquid, reportedly intending to purchase HYPE, the exchange's native token. The news comes after Hyperliquid experienced substantial outflows of the stablecoin USDC, with over $100 million leaving the platform on Monday, per data compiled by Hashed on Dune Analytics.

TL;DR HyperLiquid faces a critical situation after recording a record $60 million outflow in USDC, sparking speculation about possible attacks by North Korean hackers. Analysts point out that addresses linked to North Korea might be testing vulnerabilities, incurring losses exceeding $700,000 on the platform.

HyperLiquid users are flagging fund exodus amid links with North Korean hackers.

North Korea-linked addresses, said to be possibly testing the exchange for weaknesses, have accrued losses exceeding $700,000, according to one observer.

Bitcoin has faced a rollercoaster of price action over the past few days, hitting an all-time high last Tuesday before succumbing to a sharp 15% correction. The recent volatility has sparked a mix of uncertainty and opportunity among market participants.

Starting December 23rd, Coinbase Wallet users can save 10% on tickets and concessions at Regal Movies theaters. This offer is made possible through a new partnership with Flexa.

With the rapid development of blockchain technology, traditional mining methods have gradually revealed their high cost and high energy consumption problems. As an emerging mining method

Stablecoin issuer Circle has unveiled the Cross-Chain Transfer Protocol for the Sui Network and its users. The protocol is now live on the mainnet, allowing Sui Network developers, as well as their users, to transfer USDC across nine different blockchains, including Ethereum and Solana.

Global payroll provider Remote has partnered with Stripe to enable USDC payments for contractors in 69 countries, offering faster, stable, and cost-effective cross-border transactions.

Hyperliquid's HYPE token launch sparked $1 billion in USDC inflows, driving its Total Value Locked to $3.4 billion. Investor confidence and platform activity continue to surge.

The new service is available "starting with" US companies paying contractors in 69 countries.

Sui Network, aka Sui Bridge has succeeded in integrating Circle's Cross-Chain Transfer Protocol (CCTP), allowing users to securely move their USDC stablecoin across Sui and nine other blockchain networks. This will significantly improve the interoperability and usability of USDC across multiple platforms.

Wormhole extends support for Circle's Cross-Chain Transfer Protocol, enabling seamless USDC transfers across major blockchains with enhanced liquidity and developer integration.

Sui Bridge integrates Circle's Cross-Chain Transfer Protocol (CCTP) enabling seamless USDC transfers between Sui and eight other blockchains, enhancing interoperability and efficiency.

Since launching its native token, HYPE, on Nov. 29, Hyperliquid has experienced a surge in activity, recording over $1 billion in USDC net inflows.

Ripples RLUSD stablecoin, backed by U.S. dollar deposits and operating on both Ethereum and XRP Ledger, enters the market as a competitor to USDC and USDT. With regulatory trust and global expansion plans, RLUSD targets institutional adoption for payments and liquidity.

Hyperliquid's surge is driven by its community-first approach, with its native HYPE token soaring 774.73% in just one month.

Blockchain network Hyperliquid has recorded over $1 billion in net inflow of USDC stablecoin since its airdrop on November 29. According to data from SpotOnChain, the number of USDC within the network deposit bridge doubled over the last 17 days, increasing to $2.09 billion USDC.

Hyperliquid also announced Monday that it has reached a new all-time high in open interest of above $4.3 billion.

World Liberty purchased ONDO tokens at an average price of $1.83 and the large acquisition led to a short-term price surge for ONDO. The post Trump Family Crypto Project World Liberty Purchased ONDO Using USDC: Arkham appeared first on Cryptonews.

This week's Crypto Biz also explores Microsoft's board's stance on Bitcoin, JPMorgan's revision of mining stocks, MARA's new BTC purchase and upcoming listings of crypto firms.

SuperForm is driving a bridge between TradFi and DeFi with its new SuperUSDC product.

Leading crypto exchange Binance and stablecoin issuer Circle are teaming up to expand the adoption of USDC. In a statement, Binance says the strategic partnership, which was announced at the Abu Dhabi Finance Week on Wednesday, will make USDC more available across its suite of products and services.

Superform, backed by Circle and VanEck, has launched a product that automatically finds yield opportunities in DeFi.

Earlier, there were rumours that the New York Department of Financial Services was seriously considering Ripple's request to launch the company's stablecoin, RLUSD. Marking an end to speculations, yesterday, Brad Garlinghouse, the CEO of Ripple Labs, confirmed that the company received approval from the NYDFS to launch RLUSD.

Binance and Circle established a strategic cooperation on Wednesday to increase adoption and utilization of the USDC stablecoin during an Abu Dhabi press conference.

A look at the gap between USDT and USDC, as well as a recent development that could boost USDC in the coming months.

Circle will provide Binance with tech and liquidity to strengthen USDC adoption, aiming to challenge Tether's dominance.

Circle and Binance partner to boost global USDC adoption, integrating the stablecoin into Binance's services and corporate treasury.

Circle, the issuer of US dollar pegged stablecoin USDC, and Binance, the world's largest cryptocurrency exchange by user and trading volume, have announced a groundbreaking partnership. The companies revealed the strategic partnership on December 11 at the Abu Dhabi Finance Week.

Circle supports Binance by offering liquidity, technology, and assistance in establishing connections across global finance and commerce.

Circle's USDC is the world's second largest US dollar stablecoin, currently with one-third of Tether's USDT capitalization and circulating tokens. This scenario could soon shift as Circle announces a key partnership with the world's largest crypto exchange, Binance.

The crypto exchange plans to extend the availability of USDC on its platform for trading, saving, and payments applications.

Binance has formed a strategic partnership with Circle to integrate USD Coin (USDC) across its services, aiming to enhance accessibility and promote adoption. This collaboration also positions USDC as a key corporate treasury asset for Binance, according to an announcement on Dec. 11.

Circle and Binance have announced a strategic partnership aimed at bolstering the financial services ecosystem and fostering the development of global digital assets. They unveiled collaboration during the Abu Dhabi Finance Week.

Binance and Circle have formed a strategic partnership to expand USDC stablecoin services across Binance's platform, reaching 240 million users and including corporate treasury integration.

Crypto exchange behemoth Binance echoed a frenzy across the broader crypto sector on Wednesday, revealing its strategic collaboration with stablecoin giant Circle. Notably, the partnership comes as an endeavor by the firms to expand the adoption of the USDC stablecoin while also jacking up the global digital-asset financial services ecosystem.

Circle Internet Group and Binance, two of the largest players in the crypto world, have announced a strategic partnership aimed at accelerating the global adoption of USDC and other digital assets. This announcement, made during Abu Dhabi Finance Week, signals a major step toward integrating stablecoins into mainstream finance and commerce.

Stablecoin provider Circle and crypto exchange Binance have announced a new partnership aimed at expanding the adoption of the dollar-backed stablecoin USDC and digital asset adoption. The post Circle and Binance Partner to Boost USDC and Crypto Adoption appeared first on Cryptonews.

Binance and Circle announced a strategic partnership that would integrate the USDC stablecoin into Binance products and services, making it more accessible for users. On Dec.

Key Points:

Binance will make USDC more available to its customers and adopt the stablecoin for its own corporate treasury.

The partnership will bring more USDC trading pairs, special promotions on USDC across trading and other products, Binance CEO Richard Teng said.

As new stablecoin rules take effect in Europe, Coinbase announced the end of USDC rewards for European users.

Security concerns have surfaced regarding Sky's Lite PSM system, where $756 million in USDC is controlled by an externally owned account, raising questions about potential vulnerabilities and withdrawal risks.

Circle announced this week that USDC became the first stablecoin to gain compliance with new Canadian digital asset regulations. Canada's new regulations call for delisting noncompliant stablecoins after December 31st.