Synthetix’s sUSD depeg situation has once again highlighted the vulnerabilities within the DeFi system and the impact of liquidity changes. Synthetix’s decentralized stablecoin sUSD has seen an unexpected turn of events after falling below its intended $1 peg. The stablecoin issued via the Synthetix DeFi protocol fell as low as $0.92 on Thursday before partially recovering to $0.96. sUSD Depeg due to liquidity issues The incident was initially confirmed by Chaos Labs, the risk manager for the Aave lending protocol. According to their analysis, the depeg was triggered when a major liquidity provider withdrew from the sBTC/wBTC liquidity pool on…
Author: Crypto Flexs
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Top cryptocurrencies have shown strong recoveries over the past week. Global market capitalization surged 7%, reaching $2.41 trillion. This increase reflected a $160 billion increase in value, driven by significant gains for most major cryptocurrencies. Here are our picks for the best cryptocurrencies to watch this week: SOL, BONK and FMT prices – May 19 | Source: Santiment SOL, 1-month high retest Solana (SOL) emerged as one of the top cryptocurrencies last week despite initially experiencing range-limited moves. It started the week below the $150 threshold and struggled to show strength amid weakness in the broader market. The broader market…
Tether’s USDT (USDT), the world’s largest stablecoin, issued an additional $1 billion, bringing its market capitalization to over $110 billion, which could be a catalyst for Bitcoin (BTC)’s next move to reach an all-time high. there is.Will more USDT push Bitcoin prices higher?The Tether Treasury minted $1 billion worth of USDT in the last 24 hours, bringing its annual total to $31 billion.According to a May 17 post on Lookonchain, newly minted USDT was a big reason why the price of Bitcoin rose from $27,000 to $73,000.This is a Bitcoin chart using newly minted USDT. Source: LookonchainTether may also directly…
LayerZero Labs, the company that developed the blockchain interoperability protocol LayerZero, aims to establish standards of fairness and smoothness with its first airdrop by limiting so-called Sybil activities where users control multiple wallets to unfairly obtain cash. We are aiming for it. Airdrop rewards. However, while the final fairness of the airdrop is still unknown, the chaotic launch was anything but smooth. Just ask the protocol’s CEO. “…awakening to the battlefield :D. We always knew this was going to be PvP (player vs. player), but this is something else.” LayerZero Labs CEO Bryan Pellegrino posted on X.According to Pellegrino, just…
It took just one flash of an idea, two minutes of typing, and four SOLs. In less than an hour, Michael Anderson created over $25 million in financial assets. “I’m sitting here asking, ‘What on earth just happened?’” Anderson, better known by his nickname Cryptocurrency. Commandsaid decryption. The outrageous story about the asset in question, the Solana meme coin called “Epik Duck,” is currently having a special resonance in the cryptocurrency industry. It is usually consumed as a blatant form of gambling with no technological advancements or usefulness whatsoever.On his weekly podcast last month, he hosted another cryptocurrency influencer. keyboard…
More than half of the $100 million worth of Ether involved in the infamous Poloniex hack that occurred in November 2023 was siphoned off via privacy protocol Tornado Cash.On November 10, 2023, a large-scale unauthorized leak was recorded from a wallet belonging to the cryptocurrency exchange Poloniex. A subsequent investigation determined that $100 million worth of Ether (ETH) was lost as a result of the hack.Poloniex claimed to have identified the hacker weeks later and offered a $10 million reward, but the stolen funds were never returned to the exchange. According to blockchain security company CertiK, the incident is likely…
Have you ever wondered what you would get if you invested $100 in cryptocurrency? With digital currencies now becoming an investment option for more people, the market continues to attract multiple players. In particular, Dogecoin (DOGE) and RCO Finance (RCOF) It has been making headlines recently and its value is expected to grow even further. So, let’s take a look at the potential return on an initial investment of $100 in these two cryptocurrencies. RCO Finance (RCOF) RCO Finance is a relatively new AI trading platform focused on the decentralized financial ecosystem. The token in question, RCOF, is currently in…
TradingView’s powerful charting tools and variety of strategies have made it a go-to platform for traders around the world. But did you know that you can automate these strategies without writing a single line of code? In this guide, we’ll show you how to turn your TradingView strategy into an automated trading bot, saving you time and potentially increasing your profits. Stay tuned for special bonus tips that will take your trading to the next level. Getting started with TradingView TradingView is an online platform that offers a wide range of charting tools and a variety of trading strategies. To…
Why Electrum createnewaddress() (or "create request") returns only existing addresses? How can I make it? bech32 courtship?
Bitcoin (BTC) is up more than 8% this week, indicating that lower levels continue to attract buyers. Typically, within a certain range, traders buy near support and sell near resistance. This means the price could reach the upper end of the range at $73,777, but clearing this hurdle may be difficult.Analysts are divided on what’s next for Bitcoin. Some believe the correction is over and Bitcoin will hit new all-time highs, while others expect Bitcoin to retest the $60,000 support and fall. It is difficult to predict with certainty the direction of the breakout in a specific range. Therefore, it…