DeFi Markets Faces Turmoil Due to Tether (USDT) Imbalance
Recent Kaiko reports have emphasized the DeFi industry faces a significant imbalance in the Tether (USDT) stablecoin on platforms such as Curve and Uniswap. As a result of the Curve exploits, which jolted the DeFi industry and led to the return of more than 70 percent of the missing funds, a precarious situation has developed. […]
Binance, Other Exchanges To Delist Terra Luna Classic
Digital asset infrastructure provider Fireblocks has announced that it will no longer support Terra Luna Classic (LUNC), warning that centralization and bad decision-making may also cause Binance and other crypto exchanges to delist LUNC. In a blog post dated August 8, LUNC DAO disclosed that several digital asset infrastructure providers, including Fireblocks, are discontinuing support […]
Brazilian CBDC Receives Official Name And Logo
Previously known as “digital real,” the digital currency issued by the Brazilian central bank now has an official brand name. The Brazilian central bank digital currency (CBDC), formerly known as “digital real,” now has an official brand moniker. It would be known as Drex. The Central Bank of Brazil issued a press release on August […]
OpenAI Debuts Web Crawler ‘GPTBot’ Alongside GPT-5 Plans
ChatGPT users have the option of disabling the web crawler by including a “disallow” command in a standard server file. According to the company, OpenAI’s “GPTBot” is a new web crawling tool that could conceivably enhance future ChatGPT models. “Web pages crawled with the GPTBot user agent may potentially be used to improve future models,” […]
Silvergate Bank Collapse: Binance Sells USDC For BTC & ETH
Binance’s diminishing USDC reserves have become a hot topic in the crypto ecosystem, especially following Coinbase’s CEO’s remark. Binance published its most recent proof-of-reserves (PoR) on August 1, providing transparency into its crypto reserves. However, the movement of its USDC reserves during the collapse of Silvergte drew widespread attention and became a topic of discussion […]