USDR liquidity crisis costs a trader 131,350 stablecoins
USDR suffered a liquidity crisis, revealing its illiquid assets. A trader lost everything swapping USDR for USDC during the crisis. An MEV bot profited $107,002 from the arbitrage opportunity. The…
Bitcoin still trading like a risk asset, despite claims of decoupling amid banking crisis
Key Takeaways First Republic has become the latest bank to collapse in the US Bitcoin has bounced this week, as it did in March when SVB fell and the banking…
AltSignals (ASI) token could thrive as the US banking crisis escalates
The Federal Reserve will conclude its two-day meeting on Wednesday. It comes as the US economy faces significant risks, including the collapse of regional banks. These events could be good…
Bitcoin price recovery at risk amid new Credit Suisse crisis
Bitcoin and other financial assets now have a Credit Suisse problem. Credit Suisse credit default swaps signal that the company could collapse. Credit Suisse stock price plunged by 20% and…
Waves planning to launch new stablecoin amid USDN crisis
Waves-backed stablecoin Neutrino USD (USDN) lost its dollar peg and is currently trading at $0.5411. The new stablecoin will be undepeggable. A USDN situation resolution plan will be set in…
Gemini launches page to help Gemini Earn users affected by Genesis crisis
The co-founder of Gemini, Cameron Winklevoss, on Wednesday announced via a series of tweets that the crypto exchange has launched a page to help Gemini Earn users. KEY TAKEAWAYS Gemini…
How much did wallet tokens surge during the FTX crisis?
Trust Wallet (TWT) surged ~90%, after CZ’s tweet amid FTX crisis Cryptocurrencies across the board fell as the impact of FTX going bankrupt rippled throughout the industry – including tokens...
Crypto winter could extend to end of 2023 due to the FTX crisis, report shows
According to a recently released monthly outlook by Coinbase, the crypto market could be in for a longer winter than previously anticipated all because of the FTX crisis. Coinbase’s report…
5 FTX alternatives you can invest with amid the current FTX crisis
The once cryptocurrency exchange giant FTX is facing an uncertain future following the current liquidity crunch and financial instability. The situation escalated after Binance backed out of a nonbinding agreement…