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The wallet address in question received funds from various international and U.S.-based wallets linked to FTX, which amassed over 83,878.63 ETH (worth over $105.3 million) in just two hours. Go to Source Powered by WPeMatico
ETH price plummeted to a 4-month low at $1,070 after a wave of futures liquidations. Go to Source Powered by WPeMatico
FTX won’t be getting a bailout from Tether who confirmed it isn’t planning to provide a cash injection despite the CEO reportedly reaching out to multiple firms for help. Go to Source Powered by WPeMatico
Nearly all major stablecoins lost their dollar pegs amid the FTX saga, but most have recovered again as markets stabilize. Go to Source Powered by WPeMatico
The USDT issuer had total assets of $68.06 billion at the end of the third quarter, exceeding its total liabilities of $67.8 billion. Go to Source Powered by WPeMatico
On Nov. 10, 2022, two reports said that FTX CEO Sam Bankman-Fried (SBF) is canvassing for emergency funds up to $9.4 billion for the embattled exchange. One report says that SBF has solicited crypto companies like Tether, OKX, and Tron founder Justin Sun as well. FTX Is Reportedly Seeking Up to $9.4 Billion in Funding … Read more
Amid the market fluctuations on Thursday, data shows the stablecoin tether temporarily tapped a low of $0.961 per unit. Tether’s market fluctuations have affected the decentralized finance (defi) protocol Curve’s 3pool, as the stablecoin pool has become unbalanced Thursday morning. Furthermore, at 9:35 a.m., a report disclosed that Tether has frozen more than 46 million … Read more
Tether has thus far only frozen USDT funds held in private wallets when requested by law enforcement. Go to Source Powered by WPeMatico
Tether follows TRON’s USDD stablecoin in coming unstuck amid suspicions of shorting involving FTX and Alameda Research. Go to Source Powered by WPeMatico
On Nov. 9, 2022, a day after the news broke regarding Binance planning to purchase the exchange FTX, the crypto economy dropped 11.17% in 24 hours. The crypto economy has slid under $900 billion for the first time since January 2021. The Binance and FTX news has come as a shock to a lot of … Read more