About 12 hours ago, whale"0x3356" created a new address to deposit 52.52M USDC and borrowed 40M USDT on Aave and Compound then he started depositing 40M USDT into Coinbase and Kraken 6 hours ago, USDT started depegging after whale"0x3356" deposited USDT to exchanges
and whale"0x3356" withdrew 25M USDC from Coinbase 4 hours after depositing USDT.
then about 5...
The USDC stablecoin, once argued to be the 'safest' of all stablecoins, is currently depegging against the nominal $1 value.
The reason behind the initial depeg was caused by the news that Circle, USDC's parent company, has part of her funds stalled at the recently defaulted $SIVB Silicon Valley Bank, which would in turn mean that a lot of USDC's backing has...
After Luna`s stablecoin collapse, UST:
Now Binance, the biggest crypto exchange, recently introduced the USDC/USDT pair, and now it`s users are able to transform their USDC into Tether.
And let`s be honest, who wouldn`t to that amid this market uncertainty?!
On Saturday, the USD Coin (USDC) stablecoin experienced a drop in value below its dollar peg and reached...
About 2 hours ago, the crypto exchange OKX opened the futures market for the USDC/USDT pair. Both are stablecoins, but one of them is actually not stable at all. Combined with good timing & a safe strategy, you can actually make a lot of money here. Due to the small range this ratio is moving in, you'll have to use leverage/ trade the perpetual-futures contract....
Stable coins are no longer stable
If you don't want to be in the same situation as the UST, LUNA coin
It's not too late. I hope you make a wise choice Let's get out of here.
The Federal Reserve's extreme tightening just caused the second-largest bank collapse in U.S. history (in nominal dollars).
In this post, I will explain just how far the contagion is likely to spread, and why this is likely just the start of what may be widespread liquidity crises.
In early 2022, in order to mitigate the record inflation it caused, the Fed...
Peace, mercy and blessings of God be upon you. I have seen many horrific and sad things in the market. I do not wish it on my enemy or myself. A very dirty market. Be careful and stay safe from the filth of the market.
Just a Meme I made
Sure he is a nice guy but
While others were making fun of Me for being a zchizo this morning
I am safe and others are scared
3.3B hole in circle rn not looking good
Hear i'm experimenting with a new tool called "minion".
Hear you can use it to show and hide the lowest and highest stables.
The tool also factors in exchange fee so the profit still works :-)
The fraud has been confirmed, all are coming urgently out of tether the coin created by bitfines (from now mtgox 2.0) if you have tether pass to bitcoin or any other currency.
Se ha confirmado el fraude, todos estan saliendo con urgencia de tether la moneda creada por bitfines (desde ahora mtgox 2.0) si tiene tether pase a bitcoin o cualquier otra divisa
