The circulating supply of Circle (USDC) has decreased by 500 million over the past 7 days, bringing the total circulating supply to 72 billion.

A wallet address associated with Arthur Hayes transferred 8,000 ETH, worth approximately $19 million. Binance, Galaxy Digital, and FalconX each received 1,600 ETH, worth approximately $3.8 million each, presumably for sale. However, these transfers do not yet prove that the ETH was actually sold.

Argentine President Miguel Millais responded to his and Karina Milei's decision not to prosecute in the LIBRA cryptocurrency case, questioning who would compensate him for the reputational damage he suffered over a period of one year, eight months, and nine days. Millais stated that the judiciary had been restored to its proper place, exposing a political and media maneuver aimed at undermining the presidency with coup-like political motives, and specifically criticized several journalists.

[BitMEX Co-founder Arthur Hayes Sells $22.28 Million in Crypto Assets] BitMEX co-founder Arthur Hayes is selling approximately $22.28 million worth of seven crypto assets, including 6,400 ETH ($15.2 million), 14 million ENA ($2.76 million), 323,000 UNI ($2.24 million), 1.89 million ETHFI ($1.23 million), 546,600 AERO ($398,000), 120,000 PENDLE ($244,000), and 3 million ZAMA ($214,000).

PRO chip distribution data shows that in the past 3 days, the BTC chip structure has shown a three-peak distribution, and the densest trading area is gradually moving upwards. The most densely traded prices are $81,770.82, $82,879.19 and $84,541.74 respectively. A multi-peak distribution indicates that the market has multiple cost zones at different price levels, with significant disagreements on consensus. Each price peak will act as either effective short-term support or resistance. The current price is approaching $81,770.82, and the shift in power at this level will determine the direction of the next phase of price movement. PRO users can accurately locate densely traded areas in each stage through the "chip distribution chart" and identify key wave positions in multi-peak oscillations. The data is for reference only and does not constitute any investment advice.

In the seven days ending October 22, Circle issued approximately 12.8 billion USDC and redeemed approximately 13.3 billion USDC, reducing the circulating supply by approximately 500 million USDC. The total circulating supply of USDC is 72 billion USDC, with reserves of approximately $72.2 billion, including approximately $36.1 billion in overnight reverse repurchase agreements, approximately $25.9 billion in Treasury bonds with maturities of less than three months, approximately $9 billion in systemically important institution deposits, and approximately $700 million in other bank deposits.