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Become a better Web 3.0 & Blockchain investor in 5 min a day. Become a better Web 3.0 investor in 5 min a day.

22/02/2024

Circle halts minting USDC on Tron.

Out of the blue: Circle decided to call it quits on making USDC coins on the Tron network.

Who’s Circle? The company behind the USDC stablecoin.

Something to worry about?

Circle advices everyone to move their USDC assets to another blockchain — so yes, it’s worrying but with a warning.

there is time, as by February 2025, they will stop all services on Tron.

there is no specific reason other than this one: “continually assesses the suitability of all blockchains”. Whatever the freak it means.

💡 Now, where do I make this cross-chain swap? Here are a few protocols that allow you to do that:

Tronpad Bridge

Symbiosis Protocol

Defiway App

USDC is natively supported for 14 blockchain networks: Algorand, Arbitrum, Avalanche, Base, Ethereum, Flow, Hedera, NEAR, Noble, OP Mainnet, Polkadot, Polygon PoS, Solana, and Stellar – with more expected in the future.

So you have plenty of blockchain to migrate your USDC on.

https://x.com/circle/status/1760108597218889998?s=20

21/02/2024

From penthouse suites to prison stripes.

A leaked image of Sam Bankman-Fried in jail reveals a side of the crypto world that's decidedly less glamorous than lambos and private islands.

This guy was once the Harry Potter of crypto, but now it's more like he's in Azkaban.

💡 How did he get there?

- SBF was once the golden boy of crypto, flying high with his billion-dollar baby, FTX.

- then came the tweet heard 'round the world, sparking a digital bank run. Imagine a tweet so powerful, it makes billions vanish faster than you can say "crypto."

What’s up with him now?

SBF is currently detained, awaiting the outcome of his legal proceedings.

- he faces numerous charges like fraud, money laundering, and conspiracy.

- recent developments indicate that prosecutors will not pursue a second trial against him.

From crypto's golden boy to the poster child for "What not to do," SBF's story is one wild ride – with a crash landing.

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