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Gate ELSA Futures Trading Challenge is Now Live!
Share a 200,000 USDT Prize Pool
💰 Get 20 USDT for your first futures trade
🏆 Trade to share 160,000 USDT！
join now: https://www.gate.com/campaigns/3911
Announcement link: https://www.gate.com/announcements/article/49432
#ELSA #FuturesTrading #GateStrike Gold by Sharing Your TradFi Orders and Pictures!
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Ethereum makes a sudden move: USDC Treasury burns 50 million USDC in one go
【Blockchain Rhythm】A major transaction just occurred on Ethereum—USDC Treasury burned 50 million USDC in less than 3 minutes. This is the latest market update as of January 23.
From on-chain data, this burn size is indeed significant. Large-scale stablecoin reductions often impact market liquidity expectations, especially when the burn is so substantial. Some traders believe this may reflect an adjustment strategy on the USDC supply side, while others speculate it is related to the current market environment and changes in user demand.
In any case, such on-chain events are worth close attention from market participants—after all, the liquidity of stablecoins directly affects the trading efficiency of the entire ecosystem.