Circle minted 250 million USDC on the Solana network 6 hours ago

On November 19th, Hourglass posted on the X Platform, indicating that the refund for the second stage of Stable's pre-deposit accidental transactions had been completed. This primarily concerned directly sending USDC to the contract, calling the reemptyNonKyc function with the contract as the recipient, and setting the pre-iUSDT share recipient as the contract. At present, the deposit had been fully refunded. This part of the funds was not included in the project fee and was directly refunded to the wallet that initiated the USDC transfer.

On November 19th, the stablecoin project USDai announced on the X platform that it will raise the USDai ceiling by $250 million at 1:00 AM (Beijing time) on November 20th. The additional minting of USDai will occur on the Ethereum mainnet, and all newly minted USDai and sUSDai will be distributed on the Base network. This is one aspect of USDai's expansion to the Base network.

On November 19th, Binance is anticipated to halt the token deposit and withdrawal services of the Neutron (NTRN) network at 22:00 on November 19th, 2025 in order to support its network upgrade. The Neutron (NTRN) network upgrade is scheduled to occur at block height 40,729,000 (estimated to be at 23:00 on November 19th, 2025).

On November 19th, the latest data indicates a notable decline in the cash balance of the U.S. Treasury General Account (TGA) for the first time. The Treasury cash decreased from $959 billion to $925 billion, representing a drop of $340 billion. The trading desk of J.P. Morgan believes that the pressure in the repo market was a key factor driving this month's stock market reversal. Due to a combination of factors such as the government shutdown, the growth of the TGA, and Quantitative Tightening (QT), the U.S. Treasury had previously absorbed a large amount of capital, resulting in a deterioration in the availability of cash within the financial system. Now, the U.S. Treasury has begun to release funds, and it is expected that market liquidity will improve. (Wall Street News)

On November 19th, U.S. Congressman and Trump ally Brandon Gill (a Republican from Texas) once more made a significant Bitcoin purchase. According to the latest congressional trading disclosure submitted on November 18th, he bought between $100,000 and $250,000 worth of BTC on October 20th and increased his holdings by between $15,000 and $50,000 in the Bitwise Bitcoin Spot ETF IBIT at the end of October. Gill is one of the most actively BTC-buying members of Congress this year. Since taking office in January, he has purchased up to $2.6 million worth of Bitcoin and bought up to $150,000 worth of IBIT. (Decrypt)

November 19th: Cloudflare issued an analysis report regarding the large-scale outage that occurred on November 18th. It was stated that the most severe outage since 2019 was triggered by a misconfiguration that emerged after a database permission change, resulting in an anomaly in the core proxy system and affecting multiple products such as CDN, security services, Workers KV, Turnstile, and Access. The team initially misclassified it as a DDoS attack and finally resolved the issue by rolling back to an older file. All services were restored at 01:06 on November 19th (Beijing time). Cloudflare indicated that such outages are unacceptable and they will expedite the upgrade of system resilience.