Tether Invests $150M in Bitdeer Crypto Mining
Tether (@Tether_to) invests up to $150M in Bitdeer, buying 18.6M shares and a warrant for 5M more at $10 each. Bitdeer shares rose 13% on the news. #CryptoNews #BitcoinMining
Stablecoins
Related to cryptocurrencies pegged to stable assets like fiat currencies or gold to reduce volatility.
Rep McHenry Urges Expanded Stablecoin Legislation in Senate
Rep. McHenry stresses the need for a broader legislative framework to advance stablecoin regulation, highlighting 23 months of negotiations. Recent pro-crypto developments and bipartisan support are crucial. #Crypto #Stablecoins
### Terra Luna Classic Rejects LUNC Burn Proposal **Highlights:** – The Terra Luna Classic community has decisively rejected a proposal to increase the burn tax to 1.5%. – Proposal 12105 was turned down due to lack of reasoning and insufficient data to support the increase. – The proposal received only 21.35% “Yes” votes, with 32% voting “No” and 38% “No with veto”. – Validators also opposed the proposal due to the absence of complementary strategies and volume projections. – Recently, the community has adjusted the LUNC burn tax distribution to the oracle pool instead of rewards, with 70% voting in favor. – The current burn tax is set at 0.5%, allocated as 80% for burn and 20% split between the Community Pool and Oracle pool. – Following the proposal’s rejection, LUNC’s price increased by 1% in the last 24 hours, with trading volume surging by 70%. ### SEO-Optimized Title: **Terra Luna Classic Rejects LUNC Burn Tax Increase**
The Terra Luna Classic community rejected Proposal 12105 to raise the LUNC burn tax to 1.5%, with 70% favoring a strategic redistribution to the oracle pool. LUNC’s price rose 1% amid a 70% volume surge. #CryptoNews #TerraLunaClassic
PayPal Integrates PYUSD Stablecoin on Solana Blockchain
PayPal integrates PYUSD stablecoin into Solana blockchain, enhancing transaction speed to 1,624 TPS and reducing fees. This strategic move aims to boost retail commerce capabilities. #PayPal #Solana $PYUSD #CryptoNews
PYUSD Growth: Leveraging Solana’s Stablecoin Power
PayPal expands its $PYUSD stablecoin to @Solana, aiming for faster, cheaper transactions. Phantom wallet offers zero transaction fees for PYUSD transfers. Solana leads with $4B in stablecoin supply. #CryptoNews #Blockchain
PayPal Launches PYUSD Stablecoin on Solana
PayPal’s PYUSD stablecoin is now on @solana, leveraging high speeds (65,000 TPS) and low fees ($0.0025) to enhance user experience and utility. #CryptoNews #Blockchain
French Hill Discusses Ether ETF, Stablecoin Regulation Bill
U.S. Rep. French Hill discussed legislative efforts on a dollar-backed stablecoin and predicted quicker market entry for spot Ethereum ETFs due to better market correlation. #Ethereum #Stablecoin #Updates
Russia Metal Producers Trade with Tether in China
Russia’s top metal producers now use $USDT for cross-border trades with China, bypassing sanctions risks. This move highlights the role of #cryptocurrencies in global trade. #Analysis
LUNC Price Surges After Terra Luna v3.0.1 Upgrade
? Terra Luna Classic v3.0.1 upgrade passed with 99.9% support, boosting $LUNC and $USTC prices by 5%. The upgrade includes sdk 47 and major updates. #PriceInfo #UpdateNews
Terra Luna Classic v3.0.1 Upgrade: Boosting LUNC Price in June Rally
.@TerraLunaClassi’s Layer 1 team, Genuine Labs, proposes v3.0.1 upgrade with sdk 47, set for June 2, 2024. Community votes 100% in favor. $LUNC stable at $0.0001134, trading volumes down 30%. #CryptoNews #BlockchainUpdate
Terra Luna Classic Upgrade Boosts LUNC Price
? Genuine Labs announces Terra Luna Classic v3.0.1 upgrade, boosting efficiency and security. LUNC price jumps 3%, now at $0.000111. Key improvements: SDK v0.47, wasmd v0.45, ibc-go v7. #CryptoNews #TerraLunaClassic
Terra Luna Classic IBC Proposal Officially Passed, LUNC Price Jumps 8%
Terra Luna Classic’s community approved re-enabling IBC with Osmosis, leading to an 8% LUNC and 5% USTC price surge, and a 200% trading volume increase, signaling robust market optimism and enhanced cross-chain liquidity.
Tether mints $1 billion USDT on Ethereum, forecasting an ETF approval
Tether minted $1 billion USDT on the Ethereum blockchain, signaling optimism for a potential spot Ethereum ETF approval by the SEC. This strategic move, reflecting a similar instance in January, underlines Tether’s significant influence on cryptocurrency market dynamics, especially in potentially boosting Ethereum’s liquidity and value.
Embrace Privacy and Earn up to 150% APY With wZANO-USDT
Bitcoin.com’s Verse DEX has unveiled a new wZANO-USDT farm, boasting an impressive APY of up to 150%. This initiative not only highlights the integration of ZANO into its ecosystem but also emphasizes the increasing value of privacy in cryptocurrency investments.