Crypto traders scramble for arbitrage as Tether’s USDT strays from dollar peg

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Multichain’s MULTI soars 30% as cross-chain bridge services resume

Multichain Network token MULTI  rose nearly 30% after several users confirmed that the cross-chain bridge services resumed operation on its official Telegram channel on June 5. According to CryptoSlate’s data, MULTI reached as high as $4.89 before retracing to $4.39 at the time of writing. Multichain resumes operation On June 5, Multichain’s VP Tung Dinh corroborated the…

Tether’s USDT sets new all-time high in spite of regulatory concerns

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El Dorado Exchange attacker returns over $400k after team admits code vulnerabilities

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Stablecoin exchange balance drops below $20B

The volume of stablecoins held on centralized exchanges has fallen below $20 billion—its lowest since April 2021, according to Glassnode data as analyzed by CryptoSlate. According to the chart below, the stablecoin balance across exchanges peaked at over $44 billion in December 2022 when the market was still smarting from FTX’s collapse. However, that figure…

US Congress can use stablecoin bill to strengthen Dollar competitiveness: Circle CEO

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USDC issuer Circle issues warning about hacked executive account

Ad Stablecoin issuer Circle has warned its community about a fake USD Coin (USDC) airdrop on the Twitter account of its chief strategy officer and head of global policy, Dante Disparte. In a March 22 statement, Circle wrote that any links to offers were scams, adding that a scammer took over Disparte’s account. CEO Jeremy…

USDC issuer Circle seeks regulatory approval in France amid US banking troubles

Ad USD Coin (USDC) issuer Circle has applied to become a licensed Electronic Money Institution and a registered Digital Asset Service Provider (DASP) in France — expanding its operations in Europe. In a March 21 statement, the stablecoin issuer added that registering with the authorities would allow its Euros-pegged stablecoin Euro Coin (EUROC) to become a…

Arbitrum’s weekly DEX volume touches new ATH

Arbitrum’s decentralized exchange (DEX) transactions volume rose to a new all-time high (ATH) in each of the last two weeks, according to DeFillama data. Over the past seven days, DEX transactions increased 32.41% to $4.34 billion. For the week starting March 5, transaction volume on Arbitrum had surged to $3.28 billion. Arbitrum’s Weekly DEX Volume…