Stablecoin Contagion Hits Tether’s USDT as It Loses Dollar Peg
(Coindesk) Tether’s USDT exchanged hands at $0.97 in Asian hours on Thursday, becoming the next stablecoin to lose its dollar parity in a market turmoil. The fall in Tether’s peg…
Brazil’s Top Digital Lender Nubank to Allocate 1% to Bitcoin in Paxos Partnership
(Cointelegraph) Brazil’s and Latin America’s largest digital lender Nubank has partnered with Paxos for crypto services offerings. The bank says it will allocate about 1% of its assets to Bitcoin…
AVAX Falls 30% On Concerns LFG Will Deplete Token Reserves to Boost UST Peg
(Cointelegraph) Avalanche’s native token AVAX fell up to 30% on Wednesday to trade at $32.50, the lowest since September 2021. The decline in Avalanche followed concerns that the Luna Foundation…
LUNA Crashes to $4.51 as Dollar Peg Worsens
LUNA token exchanged hands at $4.51 as of 3:40 a.m. ET on Wednesday, representing a decline of 85% in just 24 hours. The slide was related to a further worsening…
Top Lenders Citi, BNY Mellon, and Wells Fargo Dip into Crypto With Talos Funding
(FT) Citigroup, BNY Mellon, and Wells Fargo are showing more digital asset embrace after participating in a $105 million funding round for crypto tech firm, Talos. The Series B financing…
Luna and UST Withdrawals Frozen on Binance as Market Turmoil Continues
(Binance) Binance has temporarily suspended withdrawals of LUNA and UST tokens, citing high levels of transaction volume. The move by Binance happens a day after UST lost peg against the…
ADA Wallets Hit the Highest Ever in April, but User Activity Slowed Down
(CryptoCompare) A total of 5.20 million addresses held Cardano in April, a new record high and an increase of 2.99% from the previous month. In the same month of April,…
UST Loses Peg Again the Dollar Prompting $1.5B in Crypto Reserve Lending by LFG
(Twitter) The Luna Foundation Guard is seeking to lend Bitcoin and TerraUSD reserves as its algorithmic stablecoin lost peg against the US dollar. LFG said that the stablecoin UST experienced…
Terra Buys $1.5B More Bitcoins to Join the Top 10 Bitcoin Whales Club
(Zycrypto) The Luna Foundation Guard, the group behind Terra Blockchain, has purchased an additional 37,863 bitcoins valued at around $1.5 billion. LFG purchased the bitcoins in two transactions, one of…
Gucci Is Reportedly Accepting Crypto Payments in Some US Stores
(Vogue Business) Gucci has reportedly rolled out crypto payments at select stores in the US as it embarks on more expansion of the service in the future. Some of the…
Polkadot Introduces a Cross-Chain Messaging System for the First Time
(The Block) Polkadot users will be able to natively move tokens across parachains, thanks to a newly unveiled cross-chain messaging system dubbed XCM. The new messaging system is expected to…
Dubai Courts The Sandbox for the World’s First Metaverse Regulator Headquarter
(WAM) Dubai’s Virtual Asset Regulatory Authority has announced plans to enter the metaverse through a Sandbox-based headquarters. VARA said that its presence in the metaverse is the start of a…
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