Binance Halts Withdrawals of Delisted Tokens
Users must withdraw their tokens by September 1, 2024, otherwise, Binance will convert them to USDC using a six-month average rate. Binance has unveiled a major delisting and conversion initiative, with a key deadline of September 1 for customers to withdraw 15 delisted airdropped tokens from its platform. This deadline is becoming increasingly important. Once […]
Ethena Labs Launches USDe Trading on Solana
This integration aims to boost Ethena Labs USDe and SUSDe adoption and offers traders a reward-accruing asset. Ethena Labs has announced the expansion of its USD synthetic dollar to the Solana blockchain. At the same time as this strategic integration expands the reach, it also presents a fresh approach to the mechanics of stablecoins, which […]
Ronin Network Recovers $10M ETH, USDC Still in Progress
Ethical hackers has helped recover the stolen ETH and Ronin network expects to retrieve the US dollar-tethered stablecoin USDC soon. A recent security compromise resulted in the theft of around ten million dollars’ worth of Ethereum (ETH), yet the Ronin Network was successful in recovering the stolen cryptocurrency. Ronin Network Recovers $10M ETH Currently, the […]
Bitcoin Hits Extreme Fear on Aug. 5 with $168M ETF Outflow
This significant decline was triggered by Bitcoin and Ether’s sharp value drops and broader market turmoil. On August 5, US spot Bitcoin exchange-traded funds reported outflows of $168.4 million in trading, causing the Crypto Fear & Greed Index to just dip into the “Extreme Fear” zone for the first time in two years. Bitcoin Hits […]
US Recession Fears Ease as Services PMI Hits 51.4%
The Institute for Supply Management (ISM) reported that the U.S. Services Index rose to 51.4% in July. Recent increases in a few market indices have instilled renewed optimism in the discussion surrounding the US Recession, especially during the period when the stock market had been declining. To be more specific, the Institute for Supply Management […]