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Binance And OKX Suspend Support For Solana-Based Stablescoins Amid FTX Crash

In the latest crypto news, Binance and OKX, two prominent cryptocurrency exchanges, announced separate blog posts on Thursday that they had suspended support for...

Tether Reports Zero-Remaining Commercial Paper Holdings

Tether Limited Inc, the company responsible for bringing the stablecoin ecosystem USDT to life, announced on Thursday, October 13, that it had reduced its...

Circle Adds USDC Stablecoin To Five New Chains And Introduces A Bridging Protocol

USDC stablecoin issuer has launched a cross-chain transfer protocol to support USDC interoperability. The product was unveiled at the company's inaugural crypto conference, Converge22, in...

House Bill Could Put A Ban On Algorithmic Stablecoins

Algorithmic stablecoins like the TerraUSD could be prohibited for two years under a draft law in the U.S. House of Representatives. According to a recent draft of the legislation obtained by Bloomberg, the creation or issuance of new "endogenously...

Stablecoin Neutrino USD Falls From Dollar Peg Again

The Waves-backed stablecoin Neutrino USD (USDN), which is supposed to remain closely pegged to the US Dollar, fell from its peg for the fourth time this year. Sasha Ivanov, founder of the company behind the algorithmic-based stablecoin, already went...

Tether’s $840M Celsius Loan Highlighted In Celsius Bankruptcy Case

Tether (USDT) could face scrutiny regarding the liquidation of an $840 million loan to insolvent DeFi platform Celsius during ongoing bankruptcy proceedings regarding the validity of the recovery under bankruptcy law. The recovery of the loan, revealed by Tether and...

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Citron Research’s Stance On Ethereum Remains Bearish

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World’s Largest Publicly Traded Investment Company To Launch Crypto Hedge Fund By Year’s End

In recent crypto news today, Man Group, the largest...