Traders appeared to be selling off millions of dollars worth of tether (USDT) stablecoins on Uniswap and Curve pools, causing concern among traders. The imbalance in USDT balances on Curve's 3pool, which now holds over $300 million of USDT, suggests a preference for DAI and USDC over tether. This sentiment was previously observed during Terra's implosion last May and the collapse of crypto exchange FTX in November. Tether CTO Paolo Arduino suggested that some traders may be looking to capitalize on the general sentiment in the broader crypto markets, which have dipped in the past 24 hours.
Welcome Back
Click “Sign in” to agree to Cointime’s Terms of Service and acknowledge that Cointime’s Privacy Policy applies to you.
Join CoinTime
Already have an account?
Click “page.Sign up” to agree to Cointime’s <a class="underline" href="#term-of-service">Terms of Service</a> and acknowledge that Cointime’s a class="underline" href="#privacy-policy">Privacy Policy</a> applies to you.
Sign in with email
Sign up with email
Your email
Check your inbox
Click the link we sent to to sign in.
Click the link we sent to to sign up.
Concerns Arise as Millions of Tether Stablecoins Sold Off on Uniswap and Curve Pools
-
Wechat scan to share
Recommended for you
-
JUP breaks through $1
Golden Finance reported that according to market data, JUP has broken through $1 and is currently trading at $1.01, with a 24-hour increase of 3.06%. The market is volatile, so please be prepared for risk control. -
Shenyu: The widespread existence of blind signature issues provides hackers with opportunities to take advantage of, and the problem must be solved
Bitfish (@bitfish1) posted on X platform, stating that when there are security risks on the front end, hardware wallets should ensure asset security as the last line of defense. However, at present, blind signature issues are prevalent, which provides hackers with opportunities. This problem must be solved. -
US CFTC: Federal court was "wrong" to allow Kalshi to launch prediction market
Lawyers from the US Commodity Futures Trading Commission (CFTC) argued in a brief submitted to an appeals court that a federal judge "wrongly" allowed Kalshi to list and trade election contracts, and reiterated many of its arguments made in a lower court. Last month, a judge ruled that the CFTC could not prohibit Kalshi from listing election contracts. The regulatory agency applied for a stay to prevent the company from launching the product before the appeal's outcome, but the court's judge ruled that the CFTC failed to prove irreparable harm would be caused. -
a16z releases 2024 State of Cryptocurrency Report, seven findings shed light on the current state of the crypto industry
According to a report released on Wednesday by a16z crypto, the following seven survey results were published regarding their views on the state of cryptocurrency in 2024: -
The head of the Financial Supervisory Service of South Korea: We are investigating various abnormal transactions including AVAIL on Bithumb
On October 17th, the Chairman of the Financial Supervisory Service of South Korea, Lee Ju-yeol, stated during a parliamentary audit that "we are investigating the issue of AVAIL coins traded on Bithumb." AVAIL was listed at 263 Korean won on July 23rd and rose to 3,500 Korean won within 15 minutes, but it fell to 296 Korean won less than a day later, raising suspicions of price manipulation. In response, Min Byoung-dug, a member of the South Korean Democratic Party, stated that "the AVAIL token incident means that Bithumb's own abnormal trading system did not work at all. Bithumb said that only trades that account for more than 5% of the total issuance would be considered abnormal trades." -
76% of 80 family offices and high net worth individuals in Asia are involved in digital assets, and another 18% plan to invest in the future
According to a report by Aspen Digital, a wealth management platform, 76% of private wealth in Asia has entered the digital asset space (compared to 58% in 2022), and another 18% plan to invest in the future. The report surveyed 80 family offices and high-net-worth individuals across Asia, most of whom manage assets between $10 million and $500 million. -
Bank of America CEO sounds the alarm: The U.S. economy may lose its special status due to debt problems
Mohinihan believes that if the United States does not balance its spending with economic growth, it will regret it. If this problem is not solved, the United States may lose its position as the "gold standard" of the economy. -
Vitalik publishes new article on the future development of Ethereum protocol, key goals include achieving maximum L2 interoperability
Vitalik has released a new article titled "Possible futures for the Ethereum protocol, part 2: The Surge" outlining the following key goals: -
Trump: Tariffs will boost U.S. economic growth
On Tuesday local time, former US President and Republican presidential candidate Trump gave a media interview, stating that if he were to take office, his core policies would revolve around economic growth and bringing businesses back to the United States. Trump vigorously defended high tariffs, believing it to be a way to stimulate economic growth. In his opening remarks, Trump claimed that he would impose tariffs on imported goods and reduce taxes on domestic businesses. "For me, the most beautiful word in the dictionary is tariffs." -
CZ: Deep fake videos related to "me" are promoting some tokens that I have never heard of
CZ, the founder of Binance, posted on X platform, stating that there are deepfake videos related to "me" promoting some tokens I have never heard of. Previously, CZ had warned the community to "be careful of scams when deepfake videos appear on other social media platforms."
Daily Must-Read
-
Uniswap Labs, UNI holders could make $468M a year from new L2: DeFi Report
-
Avalanche Foundation to buy back nearly 2M AVAX sold to Terra in 2022
-
Gold Fever Hits Costco: 77% of Stores Sell Out Amid Soaring Demand for Bullion
-
$500M Bitcoin Buried in Landfill: Man Sues City After Decade-Long Battle for Recovery
-
Former BAYC creative director Jeff Nicholas joins Meta’s Reality Labs
-
Why is Solana's Dogwifhat (WIF) memecoin crashing?
All Comments