According to Huoxun Finance on January 31, official data shows that in the seven days ending January 29, Circle issued approximately 5.2 billion USDC and redeemed approximately 8.6 billion USDC, resulting in a decrease of approximately 3.4 billion USDC in circulation. The total circulating supply of USDC is 70.2 billion, with reserves of approximately $70.3 billion, including approximately $41.2 billion from overnight reverse repurchase agreements; approximately $18.8 billion from Treasury bonds with maturities of less than three months; approximately $9.4 billion from systemically important institution deposits; and approximately $1 billion from other bank deposits.

According to Lookonchain monitoring, as silver prices plummeted, the $29 million long position held by the whale "0x94d3" was liquidated, resulting in a loss of over $4 million.

In the past hour, total liquidations across the network reached $10.04 million, with $9.62 million from long positions, with $415,009.16 from short positions. BTC liquidation $2.54 million, ETH liquidation $2.43 million.

According to Lookonchain monitoring, spot silver fell below $75/ounce today, a single-day drop of over 35%, marking the largest single-day decline in history. The whale "0x94d3," which held $29 million in long positions in silver, had all its positions liquidated, resulting in a loss of over $4 million.

According to Odaily Planet Daily, CZ has unfollowed Solana co-founder Toly's X account. It is reported that Toly retweeted a post on the X platform from OKX Star claiming that the "10.11" liquidation of hundreds of billions of dollars in the crypto market was caused by Binance's irresponsible USDe financial activities, and stated that "it was restored only 18 months after the incident."