Wrapped Bitcoin is the leading form of Bitcoin “wrapped” in a smart contract on the Ethereum network. This allows it to be used in Ethereum-based decentralized finance (DeFi) applications. WBTC is bac...
Tag: DePeg
CZ accused SBF of trying to depeg USDT though Alameda
The drama surrounding FTX and Binance continues to unfold as new text messages emerge that show what went on behind the scenes as the exchange crumbled. The New York Times obtained text messages from ...
Jokes about wrapped ETH depeg cause brief panic on Twitter
Crypto influencers started a joke about wrapped Ethereum (WETH) losing its peg and becoming insolvent over the weekend, causing a brief panic within the community. The joke started on Nov. 26 when blo...
Wrapped Bitcoin (WBTC) Depeg Linked To Alameda Research?
Wrapped Bitcoin (WBTC) Depeg News: Following the chaos around FTX collapse in recent weeks, speculation is now rife around the Wrapped Bitcoin (wBTC) depegging from the Bitcoin price. While the rumors...
Newly Released Technical Audit Report Sheds Light on UST Depeg
The Luna Foundation Guard, the entity behind the collapsed Terra ecosystem, has shared a technical audit report. This, it claims, provides full transparency into trading, blockchain records and effort...
Tron [TRX]: USDD de-peg, FTX collapse, and everything that might affect you
Tron’s stablecoin USDD de-pegged following significant USDD conversions to USDT and USDC TRX has since recorded massive coin distribution leading to a further price decline amid the FTX debacle Amid t...
NEAR Foundation Launches “Depeg” Protection for Algorithmic Stablecoin USN
The NEAR Foundation has set aside $40 million for a USN Protection Programme grant. This funding is intended to shield users from a recent issue relating to the USN stablecoin. This is to guarantee th...
TerraUSD’s Dollar Depeg Halts Distribution of Remaining the Assets
Join Our Telegram channel to stay up to date on breaking news coverage Luna Foundation Guard (LFG), a fund created specifically for the Terra network, remarked in a follow-up update that the distribut...
Behind Waves USDN depeg and how Sasha Ivanov worked to restore the peg by taking on $500M in debt
CryptoSlate’s Akiba spoke with Waves founder Sasha Ivanov to talk about USDN, Waves, Terra contagion, and algorithmic stablecoins in general. Watch this exclusive interview to hear Sasha’s...
aUSD & HUSD Depeg, Do Kwon Speaks,…
All the attention is on Ethereum right now due to its upcoming Merge upgrade. Certain platforms like Coinbase have even started preparing for it. Let’s find out more. Bitcoin On Friday, Bitcoin exper...
Huobi Breaks Down the HUSD Depeg Timeline
The Seychelles-based cryptocurrency exchange Huobi has provided a timeline explaining its actions during HUSD’s de-pegging event on Thursday. The exchange confirmed that the problem began with the st...
Huobi Global Provides Post-Mortem on HUSD Depeg
Key Takeaways Huobi Global has now resumed HUSD trading; the stablecoin had lost its peg for 12 hours. Stable Universal indicated it had shut down the accounts of several market makers in specific reg...
MakerDAO Intends to Depeg DAI from USDC
Announcing through Discord, MakerDAO’s founder Rune Christensen revealed that the DeFi protocol might consider depegging its native token DAI from stablecoin USD Coin (USDC). Christensen pointed out: ...
MakerDAO Founder Plans to Sell $3.5Bn USDC Backing For Ethereum, Risks DAI Depeg
MakerDAO co-founder Rune Christensen plans to sell up to $3.5 billion in USDC for Ethereum — a move that could result in its DAI stablecoin losing its dollar peg. DAI is 32% backed by Circle’s USDC st...
MakerDAO Should “Seriously Consider Preparing” for DAI Depeg: Founder
The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the...
Nansen report reveals Terra caused the stETH depeg and crippled Celsius, 3AC
The source of the current market volatility and liquidity issues with companies such as Celsius and Three Arrows Capital could be directly linked to staked Ethereum (ETH) on Lido, according to a June ...
Nansen Casts Blame for stETH ‘De-Peg’ on Terra
From here, Nansen says many users opted to sell their stETH back for ETH, which had the effect of depressing stETH’s price. Most stETH sellers, according to Nansen, dropped their tokens onto Curve – a...
Waves Founder Holding $500M Debt To Avoid USDN Depeg
Sasha Ivanov is looking for leave liquidity as his obligation accumulates interest Waves’ market platform is among a recent string of DAOs voting to centralize control USDN moneylenders will confront...
Tron (TRX) Falls by More Than 35% After USDD De-Peg
Tron (TRX) has been decreasing since the end of May, having fallen by 35% so far. It is possible that the decrease is occurring as a result of the de-pegging of USDD, even though the Tron DAO withdrew...
As USDD Depeg Deepens, What Is Justin Sun’s Plan?
The Tron ecosystem had a major blow last week when the USDD stablecoin lost its $1 peg. This led to concerns among traders as USDD was launched last month as a rival to Terra’s UST, an algorithmic sta...
TronDAO Project Infuses $300M In USDD Reserves, No Effect On USDD De-Peg Yet
TronDAO takes a move to expand liquidity into the reserve pool to power USDD, its newly introduced stablecoin. And seemingly, its collateral rate has surged by nearly 60% since its launch. TronDAO rec...
2.5 Billion TRX Removed from Binance by Tron to Prevent USDD De-Peg
In a recent tweet, TRON DAO Reserve, which manages stablecoin USDD, says it is withdrawing 2.5 billion TRX out of Binance to “safeguard the overall blockchain industry and crypto market.” ...
Tron’s TRX Slumps Nearly 20% As USDD De-peg Deepens
Tron’s native token, TRX, fell sharply in the past 24 hours as the blockchain’s USDD stablecoin broke away from its dollar peg. TRX slumped as much as 19%, and is now trading at $0.05- its lowest in ...
Tron’s Stablecoin Suffers De-peg; Founder Justin Sun Claims USDD’s Collateral Has $2 billion
On Monday, USDD, a stablecoin issued by Tron network, lost its peg to the U.S dollar. USDD fell around 91 cents amid concerns among investors regarding tightening financial conditions, high inflation,...
South Korean Exchange Upbit Warns Users About Tron Fluctuation After USDD De-Peg
– Advertisement – South Korean crypto trading platforms are no longer taking chances after the Terra incident. A lot of lessons were learned following the de-peg of TerraUSD (UST), the al...
USDD Depeg Causes 16% TRX Collapse, Justin Sun Ready to Cash in $2 Billion to Fight Back
Gamza Khanzadaev Justin Sun prepares $2 billion to strke back after attack on Tron DAO Monday, June 13, has turned out to be a collapse for the entire crypto world, but for Tron DAO, things somehow go...
Terraform Labs Whales Dumped LUNA on Retail Before UST’s Depeg
Anders Helseth, a Senior Analyst at Arcane Research, filed an entry on May 30th, claiming that Terraform Labs dumped LUNA tokens on retail users during the collapse of UST. If the Terra Ecysostem was ...
Seven Wallets Could Have Initiated TerraUSD (UST) De-Peg, According to Crypto Analytics Platform Nansen
A market intelligence firm says seven crypto wallets may have been involved in the depegging of algorithmic stablecoin TerraUSD (UST) from the US dollar. According to digital assets insights firm Nans...
Two key takeaways from Nansen’s UST stablecoin depeg report
As the dust settles on the cataclysmic collapse of the Terra ecosystem, an on-chain deep-dive carried out by blockchain analytics firm Nansen highlights two major takeaways. The cryptocurrency ecosyst...
Tether’s USDT Shakes Off Depeg Scare With Polygon Launch
Key Takeaways Tether’s USDT has launched on Polygon. It comes after USDT’s market cap has fallen by $10 billion in response to the collapse of Terra’s UST. Regulators worldwide have ...
TerraUSD de-peg controversy exposed by Nansen’s analysis
After the broadly publicized collapse of Terraform Labs’ stablecoin TerraUSD (UST) and its native token Terra (LUNA), crypto analytics companies, including Nansen, have been trying to make sense of it...
Tether Calms USDT Depeg Fears With New Reserves Report
Key Takeaways Tether has published its Consolidated Reserves Report along with attestation from the independent auditing firm MHA Cayman. The report shows Tether’s consolidated assets exceeding ...