stablecoins
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CNBC host: If the US SEC attacks all stable currencies supported by US dollars, more than US $100 billion will be forced to withdraw from the market or turn to other encryption assets
According to reports, Ran Neuner, the host of CNBC, said on social media that if the US Securities and Exchange Commission attacked all stable currencies supported by US dollars, more than US $100 billion would be forced to withdraw from the market or turn to other encrypted assets. Investors may not withdraw, so funds may flow into Bitcoin and Ethereum, causing a huge surge. When they attack us, it makes us stronger. Interpretation of this information: The message here is that if the US SEC were to target all stablecoins…
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Sun Yuchen took 80 million USDCs from Circle
On February 15, according to Lookonchain monitoring, the address marked by Etherscan as Sun Yuchen extracted 80 million USDCs from the Circle address. Interpretation of this information: On February 15th, it was announced that Sun Yuchen extracted about 80 million USDCs from Circle address according to Lookonchain monitoring. The movement of funds from one wallet to another wallet is not new in the cryptocurrency world. However, there are certain things that can be read from this extraction. Firstly, Sun Yuchen is a prominent figure in the cryptocurrency world. He is…
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Liquid native token LQTY soared 45% to a six-month high
It is reported that after the New York regulatory authority ordered Paxos to stop issuing BUSD, the price of the original token LQTY of the decentralized stable currency lending institution Liquid soared. According to data from the chart platform TradeView, the token rose 45% to a six-month high of $1.07, the largest one-day percentage increase in at least one year. Interpretation of this information: The recent order from New York regulatory authority that mandated Paxos to cease the issuance of BUSD has caused the surge in the price of LQTY….
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Zhao Changpeng released the BUSD market: FUD is short
On February 14, Zhao Changpeng, the founder of Coin, announced the BUSD market on Twitter and said that “FUD is short”. Interpretation of this information: Zhao Changpeng, the founder of Coin, has announced the introduction of the BUSD market on Twitter. BUSD, also known as Binance USD, is a stablecoin that is pegged to the US dollar. The Chinese-Canadian billionaire added that “FUD is short” in his tweet. FUD stands for Fear, Uncertainty, and Doubt, which refers to negative news or rumors that can cause the market to decline. The…
