LT Lattice
USD1 stablecoin loses $401 million: almost $200 million traces back to a single address
The market capitalisation of the dollar stablecoin USD1 has fallen 9.1 percent in two weeks without the price losing its dollar peg. Just under $200 million of the redemptions came from a single address, according to Onchain Benchmark, and its owner is unknown.
CryptoTicker
USD1 stablecoin loses $401 million: almost $200 million traces back to a single address
The market capitalisation of the dollar stablecoin USD1 has fallen 9.1 percent in two weeks without the price losing its dollar peg. Just under $200 million of the redemptions came from a single address, according to Onchain Benchmark, and its owner is unknown.
CryptoTicker
World Liberty’s USD1 Supply Falls 9.1% After Heavy…
World Liberty Financial's USD1 stablecoin has lost approximately $401 million in market capitalization since October 6, with large redemptions on Ethereum and BNB Chain accounting for most of the decline as the Trump family-backed cryptocurrency venture prepares to take over issu...
Finance Feeds
World Liberty USD1 Stablecoin Loses $400M Market Cap in 2 Weeks
World Liberty Financial’s USD1 stablecoin has seen a sharp reduction in circulating supply over the past two weeks, with market capitalization falling by roughly $401 million. The pullback is being linked to large redemptions concentrated on Ethereum and BNB Chain, while the toke...
CryptoBreaking
World Liberty’s USD1 stablecoin sheds $400M in market cap in two weeks
Trump-linked USD1 shed 9.1% of its market cap in two weeks, with researchers tracing nearly $200 million in BNB Chain redemptions to a single address.
Cointelegraph.com News
Crypto Prices on October 16: BTC 0.67%↑, ALEO 21.47%↑
The cryptocurrency market edged higher on October 16, with Bitcoin and Ethereum posting modest gains alongside most major cryptocurrencies. Starknet recorded the strongest gain among the 100 largest cryptocurrencies by market capitalization, while Canton fell more than 8%.Accordi...
IT Times
Binance.US Seeks Up to $100 Million in Funding at $1…
Binance.US is reportedly seeking to raise as much as $100 million at a valuation of about $1 billion, putting a steep discount on the U.S. crypto exchange as it attempts to rebuild market share and expand into new products. The private fundraising is still being negotiated, and i...
Finance Feeds
Binance.US seeks $1B valuation in potential $100M funding round: Report
The US-based crypto exchange is reportedly seeking to raise up to $100 million in a private funding round, leading to a potential $1 billion valuation.
Cointelegraph.com News
Tether US chief Bo Hines under scrutiny for stablecoin bill deal during Trump tenure
🚨 Tether’s US CEO Bo Hines faces scrutiny for holding a stake in Nxum during $USDT stablecoin bill negotiations. ⚡ Nxum secured $6.3 million from Tether as Hines helped push the GENIUS Act through Congress. 📈 Trump’s personal and family crypto investments, including World Liber...
COINTURK NEWS
Bitcoin Yield Is Moving Into Tokenized Funds
The product in one view Target 8%-12% a year in BTC terms Return source Quantitative trading strategies Investor receives An […] The post Bitcoin Yield Is Moving Into Tokenized Funds appeared first on Coindoo.
Coindoo
Eric Trump issues blunt warning to big banks
At Token2049 Singapore, Eric Trump links crypto's next phase to AI and says the industry has outlasted big banks.
The Street
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