Zephyrnet Logo

Tag: depegging

Capital outflows, stablecoin drama and realized loses – new Glassnode data on a crazy week in crypto

This week’s on-chain data report by the analytics company Glassnode looks into three major events — the depegging of the USDC stablecoin, net capital...

Wallet Associated With Justin Sun Makes $3.3 Million In USDC DePeg

A wallet associated with Justin Sun reportedly profited more than $3.3 million. The profit was made in a series of trades after USD Coin...

Depegging of USDC and DAI Saves Borrowers $100 Million

Over the weekend, the depegging of two major stablecoins, USD Coin (USDC) and Dai (DAI), from the US dollar prompted a frenzy of loan...

Crypto financial institution Anchorage Digital cuts 20% of workers, citing regulatory uncertainty

Crypto financial institution Anchorage Digital has introduced it could be letting go of 75 workers, or roughly 20% of its workforce, citing regulatory uncertainty...

Crypto Market Surge Leads to $320 Million in Liquidations

The price of the flagship cryptocurrency Bitcoin ($BTC) has over the last 24 hours surged significantly to surpass the $26,000 mark in a move...

Ethereum Co-Founder Vitalik Buterin Bought USDC at $0.88

While USDC’s weekend depegging had some parties rushing to cash out, Ethereum’s Vitalik Buterin bought over $400,000 worth of the stablecoin.Blockchain data shows that...

Tether’s USDT Stablecoin Market Share Reaches Highest Level in 15 Months

Share some Bitpinas love:Subscribe to our newsletter!Tether’s market share among stablecoins has increased by 54%, reaching the highest level in 15 months.This increase in...

FBI investigating the collapse of Do Kwon’s Terra-Luna, WSJ reports

Former employees of Terraform Labs, the company behind the Terra-Luna stablecoin that collapsed in May last year, are being questioned by the Federal Bureau...

Binance Converts $1 Billion BUSD Into Bitcoin, BNB, and Ethereum

On Monday, Binance CEO Changpeng Zhao, also known as CZ, announced that the company had decided to convert $1 billion worth of BUSD...

Top Altcoins Set for a Massive Breakout This Week, Experts Reveal Potential Levels

In the past week, crypto investors experienced trauma as several macro events caused a significant loss of funds from the global market cap. The...

Binance Swaps BUSD Stablecoin From ‘Recovery Fund’ to Bitcoin, Ethereum, BNB

Binance, the world’s largest crypto exchange by trading volume, responded to the latest drama around the USDC stablecoin by converting the remainder of its...

Aave Freezes Stablecoin Trading Amid Price Volatility

Aave, a popular lending protocol in the decentralized finance (DeFi) space, has taken action to mitigate the impact of recent price volatility in the...

Latest Intelligence

spot_img
spot_img