Ethena Labs posted an update saying, "The previously mentioned $30 million unrealized profit has been reduced to $10 million and we expect to reduce our unrealized profit exposure to Bybit to zero within the next hour. At present, the total amount of liquid stablecoins behind USDe is 2 billion US dollars, and users can redeem them immediately if they need them. All USDe redemptions are functioning normally. Our hearts are with Bybit and are ready to assist in any way possible. "
The Federal Reserve released its semi-annual monetary policy report, which mentioned that the Federal Reserve continues to reduce its holdings of U.S. Treasuries and agency securities significantly in a predictable manner. Since June 2024, the Federal Reserve has reduced its holdings of U.S. dollar securities, and since the start of the balance sheet reduction, its holdings of securities have been reduced by about $2 trillion. The FOMC (FOMC) said it intends to maintain securities holdings at le...
U.S. Senator Cynthia Loomis of Wyoming recently raised the possibility of turning bitcoin into a reserve asset and proposed how the plan could be implemented, including involving the Federal Reserve. Loomis said she wants to give the Federal Reserve the ability to buy and hold BTC as part of a larger strategic bitcoin reserve program to deal with the national debt. I want to give it to them. I want our federal government to have a strategic bitcoin reserve to help support the dollar as the world...
Alex Kuptsikevich, chief market analyst at FxPro, mentioned that the recent deep pullback in Bitcoin could be attributed to other factors, such as the easing of geopolitical tensions between Lebanon and Israel, which has weakened investor demand for safe-haven assets such as Bitcoin. In addition, Matt Mena, crypto research strategist at 21Shares, said that this kind of pullback behavior has also occurred at the previous highs of Bitcoin, explaining: "In March of this year, when Bitcoin was hover...
According to the chain analyst Ember monitoring, in the morning mentioned 0x9ad... 883 address bought 5 million dollars Harris win, become the largest address on Polymarket bet on Harris win, Polymarket guess Trump win the largest address in the past 6 hours plus 2.35 million dollars Trump win, now: 0Xd23... f29 address bought $14.13 million Trump won the election and won 8.78 million dollars; 0X9ad... 883 address bought $5.02 million Harris won the election and earned $5.85 million.
In a footnote to its amended complaint against Binance, the SEC said that when the term "crypto-asset securities" is referred to, it does not refer to the crypto assets themselves, but to the set of contracts, expectations and understandings by which those assets are sold. In fact, the SEC only uses the term as a "shorthand". The SEC also claims that it has always held this position, and mentions that a similar post script was also used in the case against Telegram. However, to clarify matters, ...
On September 6th, Nick Timiraos, the "Federal Reserve mouthpiece", said in response to Waller's speech that Waller did not explicitly mention a "25" or "50" basis point rate cut in his speech, but preferred to start with a 25 basis point rate cut, explicitly leaving open the option of accelerating the rate cut "as appropriate" if "new data" shows further deterioration. Waller said: "Based on the evidence I have seen, I don't think the economy is in recession, and it is not necessarily headed for...
According to LookonChain, 3 years ago, @Vitalik Buterin mentioned that he held 325,000 ETH (worth $1.46 billion at the time), when the price of ETH was around $4,500; now he holds 240,000 ETH (worth $592 million). In 3 years, his ETH holdings decreased by 85,000 (worth $209 million).
The governor of the Central Bank of Bolivia, Edwin Rojas Ulo, has mentioned the recent shift in the institution's stance towards cryptocurrencies and stablecoins. According to reports, Rojas Ulo believes that the inclusion of cryptocurrencies in the national financial system could be a useful alternative, and the decentralization of these assets would "benefit commercial and private activities that purchase services, and of course meet different needs." However, some assets can be used as invest...