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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
What is CryptoSlate Alpha? A web3 membership designed to empower you with cutting-edge insights and knowledge. Learn more › Connected to Alpha Welcome! 👋 You are connected to CryptoSlate Alpha. To manage your wallet connection, click the button below. Oops…you must lock a minimum of 20,000 ACS If you don’t have enough, buy ACS on…
El Dorado Exchange attacker returns over $400k after team admits code vulnerabilities
What is CryptoSlate Alpha? A web3 membership designed to empower you with cutting-edge insights and knowledge. Learn more › Connected to Alpha Welcome! 👋 You are connected to CryptoSlate Alpha. To manage your wallet connection, click the button below. Oops…you must lock a minimum of 20,000 ACS If you don’t have enough, buy ACS on…
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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Circle CEO says ‘aggressive regulatory actions’ on crypto caused ‘deep market anxiety’
Ad Circle CEO Jeremy Allaire has warned about the risks facing the crypto market due to exposure to the U.S. Dollar and the regulatory risk in the U.S. financial system. In a March 23 Twitter thread, Allaire said there “seems to be a large-scale risk-off from USD that is exposed to US banks and US…
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…