Traders Ditch USDT on Curve, Uniswap, Pushing Key Exchange Pools Into Imbalance
Similar imbalances happened when Terra imploded in May 2022 and after the Silicon Valley Bank crisis hit USDC issuer Circle in March.
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Elon Musk’s X Seeks Data Partner to Build Trading Service on App: Semafor
Elon Musk’s soon-to-be super app X, formerly known as Twitter, is looking for a financial-data giant to build a trading hub inside the app, news outlet Semafor reported citing documents and people familiar with the matter.
South Korean Exchange Upbit Surpasses Coinbase, OKX in July Trading Volume to Take No. 2 Spot for First Time
The exchange bucked the general market trend that saw a decline in trading volume for most centralized exchanges.
Animoca Brands-Backed Game ‘Wreck League’ Puts Bored Apes Into the Storyline
The new game, launching in the next few weeks, will allow players to assemble giant robotic characters using collectible NFT parts.
Binance Could Face U.S. Fraud Charges, but Prosecutors Worry About Risk of Bank Run: Semafor
The price of bitcoin (BTC) and Binance’s BNB token immediately fell following the report.
Bitcoin ETF Approval Odds Just Got Better: Bloomberg Analysts
“The odds of a spot Bitcoin ETF launching this year are up to 65%, in our eyes, after a flurry of developments,” analysts James Seyffart and Eric Balchunas wrote. They previously assigned a 50% probability.
Why You Should Care About Litecoin: It’s the Backbone of Dogecoin
Litecoin, a blockchain cloned from Bitcoin in 2011 that underwent a key milestone on Wednesday known as a “halving,” provides network security to Dogecoin via a process called “merged mining.”
GameStop to Remove Crypto Wallets Citing ‘Regulatory Uncertainty’
Leading game retailer GameStop will suspend its crypto wallets due to regulatory uncertainty in the United States, just one year after launching, the company announced Tuesday.
The Ordinals Team is Creating a Non-Profit to Support Bitcoin NFT Developers
The team behind the Ordinals protocol, led by Casey Rodarmor, has created the Open Ordinals Institute to grow its ecosystem without compromising neutrality.
Bitcoin Has Been More Stable Than Gold and Stocks; Violent Price Action Could Ensue
Prior uneventful periods preceded major eruptions in volatility for BTC’s price, crypto analytics firm K33 Research noted.