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Circle Beats Revenue Q4 Estimates. Vitalik Buterin Sells 17K ETH in a Month.
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Another week, another wave of market-moving developments. From corporate wins to regulatory tension and macro crosscurrents, the last seven days kept investors on their toes. Here’s a closer look at the biggest stories shaping Web3 over the past week:
quick weekly news
Circle Beats Q4 Revenue Forecasts on Strong USDC Growth, Stock Surges
Circle stock (CRCL) shot up nearly 30% after the company behind the second-largest stablecoin USDC, reported solid revenue and net income growth and much above expectations.Source:goodcryptoX
The amount of USDC in circulation rose 72% over the past year. For the fourth quarter, total revenue, mostly from interest on the reserves that back the token, climbed 77% to $770M. Net income reached $133.4M, or 43 cents per share, which is more than 40 times higher than the same quarter last year. Analysts had expected just 16 cents, according to FactSet.
The results serve as a clear reminder that the stablecoin sector remains strong, even as the broader cryptocurrency market has stayed depressed for months. Beyond their role in crypto trading, these dollar-pegged tokens are seeing wider use in international payment systems.
USDC holds the No. 2 spot among stablecoins with a market cap of nearly $75B. That’s well behind Tether’s USDT at $183B, but still far ahead of any other competitor.
Vitalik Buterin Sells 17,000 ETH in a Month as Ether Slides 37%
Vitalik Buterin allocated 17,000 Ether, worth about $43M at the time, to privacy-focused projects in January. One month later, his wallet balance has fallen by almost exactly that amount, and the ether he’s been selling has lost more than a third of its value.
Arkham Intelligence data shows his attributed wallets held around 241,000 ETH at the start of February. That number has now slipped to 224,000 ETH after a steady stream of outflows throughout the month. The sales included roughly $6.6M over three days early in February and another ~$7M in the past three days alone.
All the transactions were routed through the decentralized exchange aggregator CoW Protocol and broken into many smaller swaps rather than one or two large blocks.Source:Arkham Intelligence
The tactic is standard for reducing slippage on sizable orders, but it has turned the selling into a slow, consistent bleed instead of a single event. The timing feels especially awkward: ether has fallen 37% over the past month, according to goodcryptoX data, and was trading near $1,900 on Wednesday. Buterin’s ongoing sales are adding fresh headline pressure to a token that’s already struggling to find a strong narrative.Source:goodcryptoX
Jane Street Accused of Insider Trading Tied to Terraform’s 2022 Collapse
High-frequency trading giant Jane Street is being sued for allegedly using inside information to front-run trades and accelerate the spectacular downfall of Terraform Labs in 2022, a collapse that erased billions of dollars in investor wealth.
Todd Snyder, the court-appointed administrator unwinding Do Kwon’s failed project, filed the lawsuit against Jane Street and named co-founder Robert Granieri plus employees Bryce Pratt and Michael Huang as defendants, according to a Wall Street Journal report. Snyder claims the firm obtained material nonpublic information from Terraform insiders, then traded ahead of large orders to profit from the chaos.
Jane Street fired back immediately, calling the suit “baseless, opportunistic claims” and an attempt to extract money from the firm. The company said it will defend itself vigorously.
Right after the lawsuit news broke, the long-rumored “10 a.m. dump” pattern that had pressured Bitcoin for months suddenly disappeared. For two straight days Bitcoin stopped selling off at that exact time, rallied hard, and climbed back toward $70,000, adding roughly $120B to its market cap while the broader crypto market gained nearly $200B.
Crypto Twitter has been on fire with posts linking the clean price action directly to the spotlight on Jane Street, with many calling it the end of alleged systematic suppression (though others point out it could just be a coincidence or broader market flows).Source:goodcryptoX
Trump Increases Global Tariff Rate to 15% Despite Supreme Court Ruling
U.S. President Donald Trump has escalated his trade stance once more, announcing an immediate increase to a new worldwide tariff rate of 15%, just days after the Supreme Court ruled that his previous broad tariffs under the International Emergency Economic Powers Act (IEEPA) exceeded presidential authority and were invalid.
In response, Trump first invoked Section 122 of the Trade Act of 1974, a rarely used provision allowing temporary import surcharges of up to 15% for 150 days to address “large and serious” balance-of-payments deficits.
He initially set a 10% global tariff effective February 24, with various exemptions (including some energy and minerals), before quickly raising it to the full 15% via a Truth Social post. Trump called the court’s ruling “ridiculous, poorly written, and extraordinarily anti-American,” insisting the new level is “fully allowed and legally tested.”Source:Truth Social
The move has sparked fresh uncertainty: the Section 122 tariffs are time-limited (expiring after 150 days without congressional extension), and analysts note they could face their own legal challenges.
Bitcoin reacted swiftly to the announcement: it saw a brief 0.5% uptick right after the post, then reversed to drop nearly 1% as markets weighed renewed trade tensions and potential inflationary pressures.
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