USDC Treasury Burns 158.69 Million USDC on Ethereum
ChainCatcher, citing Whale Alert, reported that the USDC issuer address USDC Treasury burned 158,694,924 USDC on Ethereum, worth about $159 million.

ChainCatcher, citing Whale Alert, reported that the USDC issuer address USDC Treasury burned 158,694,924 USDC on Ethereum, worth about $159 million.

USDC Treasury has burned 158,694,924 USDC on the Ethereum blockchain, according to the reported on-chain update.

Coinglass data cited by ChainCatcher shows that whale positions on Hyperliquid currently total $3.889 billion. Long positions stand at $1.956 billion, or 50.29%, while short positions stand at $1.933 billion, or 49.71%. Whale address 0x0ddf..02 is short ETH with 3x cross margin at $1,810.16 and has an unrealized PnL of $9.6398 million.

Ondo Finance has hired John Hoffman, a former Invesco ETF executive and Grayscale managing director, as it seeks to expand its tokenized investment products beyond stocks and Treasuries.

Neura Robotics has announced a $1.4 billion financing round led by Tether Investments, with participation from Nvidia, Qualcomm, Amazon and others. The company develops AI-driven general-purpose humanoid robots and plans to produce 5 million such robots by 2030.

Neura Robotics has announced a $1.4 billion financing round led by Tether Investments, with participation from Nvidia, Qualcomm and Amazon. The company develops AI-powered general-purpose humanoid robots and plans to produce 5 million units by 2030.

According to ChainCatcher citing Arkham monitoring data, Morgan Stanley recently added 71.661 BTC worth $4.57 million through its spot Bitcoin exchange-traded fund MSBT.

For the week of June 1 to June 7, the number of valid crypto financing projects fell to 26 and total funding dropped to $302 million. BTC ETFs recorded about $1.72 billion in weekly net outflows, while ETH ETFs saw $168 million leave. At the same time, stablecoin market capitalization rose to $325.4 billion, reinforcing a shift from risk-asset allocation toward payment, yield and on-chain cash-flow infrastructure.
