USDT Launch Boosts Aptos Price
Tether expands $USDT to the Aptos blockchain, leveraging its advanced technology. Daily active users on Aptos rose to 170K, and $APT surged 3% to $6, with a 51% spike in trading volume in the past 24 hours.
Stablecoin
LUNC News: Terra Luna Repegs USTC
? The $LUNC community proposes a $250K bounty to re-peg $USTC to $1, potentially exceeding $1M. Key requirements: stability, security, decentralization, and economic incentives. Expert review and governance voting will determine the winner. #crypto #blockchain
Tether CEO Warns MiCA Threatens Stablecoins
Tether CEO warns MiCA’s 60% reserve mandate endangers stablecoins’ stability. Points to Silicon Valley Bank collapse as a cautionary example of increased systemic risk. Major crypto exchanges like $BINANCE are adjusting policies to comply. #Stablecoins
Tether Faces $2.4 Billion Lawsuit
Celsius sues Tether for $2.4B over alleged wrongful liquidation of 39,542 BTC. Tether claims Celsius’s mismanagement is to blame. This case could reshape crypto lending norms. #CryptoNews $CEL $USDT
Celsius Sues Tether Over $2B Bitcoin
? $CEL sues $USDT to recover $2B in Bitcoin lost in alleged fraudulent transfers. Celsius claims Tether breached loan terms, causing a “fire sale” of 39,542.42 BTC at undervalued prices before Celsius’ bankruptcy. Outcome may set crypto lending precedent.
Ripple Labs Tests RLUSD on Ethereum
Ripple Labs tests RLUSD stablecoin on $XRP Ledger and $ETH. RLUSD is fully backed by USD deposits and US treasury obligations. Regular audits and monthly transparency reports promised. Expansion to other blockchains planned. #CryptoNews
Terra Luna Classic Tax2Gas Upgrade Boosts LUNC
Terra Luna Classic community approves Tax2Gas upgrade from Genuine Labs, streamlining tax calculations for developers. $LUNC price rises 6%, now at $0.000071 amid broader crypto market recovery. Could this push LUNC to $1? #CryptoNews
Tether Expands Workforce Amid Recession Fears
Tether ($USDT) to double its workforce to 200 by mid-2025 amid recession fears, following a $5.2B profit in H1 2024. Crypto firms like Coinbase, Binance, and Crypto.com are also hiring, indicating a reversal in industry layoffs. #CryptoNews
Tether Expansion Workforce Doubles by 2025
Tether to double workforce to 200 by mid-2025, focusing on regulatory compliance and financial management. CEO Paolo Ardoino aims for efficient growth while managing $118B in assets. Q2 operating profit hits $1.3B. $USDT #cryptocurrency
Terra Founder Extradition Delayed Court Ruling
Supreme Court of Montenegro delays Terra ($LUNA) founder Do Kwon’s extradition to South Korea after a legal compliance review request from the Supreme State Prosecutor’s Office. The decision also raises questions on extradition to the U.S. #CryptoLaw
Terra Luna Classic Upgrade Boosts LUNC
“Terra Luna Classic v3.1.3 upgrade enhances burn tax distribution and staking, with 99.99% validator support. Staked $LUNC rises to 1.04T, staking ratio at 15.39%. #Update #CryptoNews”
USDT Controversy: Tether CTO Criticizes Ripple
“Tether CTO Paolo Ardoino slams Ripple CEO Brad Garlinghouse for USDT remarks, accusing him of fearmongering amid Ripple’s stablecoin plans. Ardoino defends $USDT’s stability and compliance. #CryptoUpdate #USDT $XRP”
Tether Acquires $100M Bitdeer Shares
Tether invests $100M in Bitdeer shares, with an option for $50M more. Bitdeer’s stock surged 4% post-announcement. Funds will enhance sustainable Bitcoin mining infrastructure. #Crypto $USDT $BTDR #Update
Source: coingape.com
deUSD Stablecoin: Elixir Team’s Innovative Launch
? The Elixir team launched deUSD, a decentralized stablecoin backed by stETH and sDAI, in October 2023. With additional staking rewards and reduced basis risk, deUSD aims to enhance liquidity on DEXs. #DeFi #CryptoNews