Circle starts winding down CCTP V1 ahead of the December 1 USDC bridge pause

Crypto Insight Summary: Circle cuts burn limits on its legacy CCTP V1 USDC bridge from October 31 and pauses the contracts December 1. Apps must move to CCTP V2. Crypto Insight Analysis: Direction: Neutral Impact: No Impact Horizon: Short-term (1-3 days) Reasoning: A legacy USDC bridge migration is a technical change with limited implications for the broader crypto market.