USDC Treasury Burns Over 78 Million USDC on Ethereum
According to PANews, Whale Alert has reported that the USDC Treasury recently destroyed 78,904,497 USDC on the Ethereum blockchain. This transaction is valued at approximately $78.9 million.
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⏰ Rocket Launch Round 4: Schedule Update
All times pushed back by 2 hours. New schedule:
🎯 Spot listing (RAVE/USD1): Dec 12, 14:00 UTC 📅 Trading campaign: Dec 12, 14:00 UTC – Dec 26, 14:00 UTC 🎒 Holding requirement starts: Dec 12, 14:00 UTC ✨ USD1/USDT 0-fee period: Dec 12, 14:00 UTC – Dec 26, 14:00 UTC
All other rules remain unchanged.
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Pakistan and the global digital currency company Binance signed a Memorandum of Understanding today, which will enable better management of government financial assets through modern technology.
The agreement was signed by Federal Finance Minister Senator Muhammad Aurangzeb and Binance's CEO Richard Teng, under which Pakistan and Binance will jointly review how some government assets, such as government bonds, treasury bills, and official reserves, can be presented in a more transparent and efficient manner using modern blockchain technology.
According to officials, the purpose of this project is to increase access to investment in the country and make the financial system more transparent.
Legal approval will be required for any final decision on advancing this project under the Memorandum of Understanding, as the value of these assets could reach up to two billion dollars.
Under this Memorandum of Understanding, Binance will provide Pakistan with technical assistance, training, and consultation so that the government can better understand this technology and assess its potential benefits.
Addressing the ceremony, Finance Minister Muhammad Aurangzeb said that this agreement is an important step in Pakistan's journey of economic reforms.
According to him, the government now wants rapid practical progress on this project.
Binance founder CZ described this agreement as welcome for Pakistan, stating that it could create new opportunities for the country's youth.
The Ministry of Finance has clarified that this is only an initial memorandum aimed at reviewing possibilities for cooperation. Negotiations for any final agreement will take place in the next six months, and Pakistan's laws will apply to it. #PakistanxBinance 🤝
The JD stablecoin scam is a typical fraud that emerged after the stablecoin concept gained popularity in 2025. The scammers impersonated JD throughout the process, setting traps and relying on high returns and a pyramid-like recruitment to gather money. Even though JD has repeatedly refuted the claims, the scammers continued their deceit under different guises.
The scammers fabricated a company called "JD Coin Chain (Hong Kong)" and falsely claimed it was a subsidiary of JD Technology in Hong Kong. They even named the token JD stablecoin, along with names related to JD such as "JD Chain E-Card" and "Plus VIP", to create confusion. They also forged promotional pages and communities, claiming support from JD's digital technology and that assets were managed by licensed institutions to gain the trust of investors.
The scam designed multiple high-yield products, such as those with a lock-up period of 90 days or 180 days. Investing 300,000 stablecoins (approximately 2.35 million HKD) for 180 days would yield an additional 900,000 stablecoins upon maturity, with an annualized return rate exceeding 70%. There was also an AI chain fund package, where an 8888 yuan package had an annualized return rate of 38.88%. Additionally, they offered a registration bonus of 10,000 JD stablecoins and 1,000 shares of JD original stock, claiming the registration benefits were worth over 20,000 yuan.
They set up a multi-tiered promotional reward mechanism, where direct referrals could earn rewards ranging from 18 yuan to 888 yuan based on the number of people activated. If lower-level performance reached 20,000 yuan to 1 million yuan, promoters could earn rewards from 88 yuan to 12,888 yuan. This referral and rebate model allowed the scam to spread rapidly, attracting more people to join.
When investors wanted to cash out their earnings, they were required to pay 800 yuan to activate the "Plus VIP" membership to gain internal trading and withdrawal qualifications for JD stablecoins. The so-called promises of exchanging for JD Chain E-Cards and on-chain withdrawals were actually just excuses to delay and extort fees, with no real withdrawal channels available.
JD Coin Chain Technology has repeatedly refuted rumors through official channels, stating that it has not issued stablecoins and has no related communities, and has communicated with platforms to take down the fraudulent tokens. However, the scammers did not cease their activities; instead, they frequently changed their appearance and continued to lure users into registering and investing through communities and imitation apps. Subsequently, financial regulatory authorities in multiple locations also issued risk warnings, reminding the public to be vigilant against such scams.
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It has been several days since I last broadcast, and I've been improving the market robot for my brothers🤖
The robot is the culmination of my work over the years. In the past, I needed to manually find potential coins, but now I've given my ideas to the large model, which monitors over 900 different tokens, as if it has 80% of my capabilities.
Science and technology are the primary productive forces. During this time, I haven't been very active in the square, and suddenly many 'doctors' have emerged. I hope these 'doctors' can show some real skills, rather than just relying on random chatter and blocking those who disagree to survive. The so-called situation where you post a trade, and others follow you and lose money, while you neither admit your mistakes nor analyze the reasons, but instead scold your fans, is somewhat unreasonable.
Also, stealing avatars to be remade by AI, and touching on names, don’t you have any creativity?