In closing arguments Friday, SEC attorney Laura Meehan told jurors that during the previous peg lift in May 2021, Kwon and Terraform Labs entered into a “secret agreement” with Jump, a trading store that acted as a market maker for Terraform Labs. , intervenes and purchases millions of dollars of UST off-chain, inflating its value and bringing it back to dollar parity.
Author: Crypto Flexs
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Despite market uncertainty, activity and transactions on the Cardano network remain high. While blue-chip NFTs failed to grow, tokens on the Cardano network soared. Despite the volatility seen across the cryptocurrency sector over the past few days, the Cardano (ADA) network has shown consistency across the ecosystem. Cardano ecosystem records growth Over the past year, Cardano has achieved several important milestones. In fact, data shows that the Cardano network processed a whopping 24 million transactions, showing high activity in the ecosystem. Cardano has also witnessed the launch of 40 projects within its ecosystem, demonstrating an increase in adoption and development…
join us telegram A channel to stay up to date on breaking news coverage News making rounds suggests that some FTX SOL holdings could soon enter the market. that much Approximately $2 billion worth of liquidated tokens are reportedly set to hit the market, garnering interest from several investors, including venture capitalists. However, the SOL sale may not immediately impact the overall price action of SOL because it has a four-year vesting schedule and is still locked up. Despite the news of asset sales, part Top Trending Cryptocurrencies on Solana Chain It is posting double-digit gains and there are signs…
Hong Kong’s ZA Bank has revealed plans to provide professional banking services to stablecoin issuers, a strategy expected to drive local web3 adoption. The Hong Kong-based virtual bank confirmed on April 5 that it is opening up its security to fiat reserves that issuers can use to back digital assets. Stablecoin issuers also have access to banking services such as fund transfers, payroll management, and various deposit options. ZA Bank’s alternate CEO Devon Sin said the bank had “firm support” for the web3 community. “With these new services, we are directly addressing the unique challenges facing stablecoin issuers and ultimately…
Shiba Inu (SHIB) has seen its price rise. decline in the middle of this week Most wider modifications Cryptocurrency. last 7 days It’s been a tough time for SHIB hodlers, the price is down more than 15% from $0.00003069, as the meme coin fell as low as 0.00002584 earlier in the week. However, the price drop appears to have created an opportunity for some large investors, known as whales, to purchase SHIB at a discount. Some new SHIB whale accounts amassed 184 billion SHIB, worth about $4.9 million, on cryptocurrency exchanges Coinbase and Binance during the week, according to on-chain…
Although DAO is not a product developed by the Ethereum Foundation, it has recently become a hot topic not only within the organization but also within the community. Hard forks are a sensitive topic and no decision is the right one in our opinion. Because this is not a decision that the Foundation or any other single entity can make, we will once again evaluate the wishes of the community to provide the most appropriate protocol changes. The proposed specifications for the hard fork being implemented in the Geth client are: Dao(0xbb9bc244d798123fde783fcc1c72d3bb8c189413), extraBalance(0x807640a13483f8ac783c557fcdf27be11ea4ac7a), all descendants of the DAO constructor (0x4a574510c7014e4ae985403536074abe582adfc8)…
Meme Coin has captured the attention of investors with its humorous title and adorable branding, creating a distinct niche in the ever-changing cryptocurrency market. Even among the numerous meme currencies fighting for attention, two well-known names have long dominated the debate. These are Dogwifhat (WIF) and Shiba Inu (SHIB). However, new players have entered the market, upending the established order and capturing the attention of investors and analysts alike. In this article, we take a look at the rise of the relatively unknown cryptocurrency $HUMP, and why it was named the best meme coin for April 2024. Legacy of Dogwife…
join us telegram A channel to stay up to date on breaking news coverage The recent cryptocurrency market decline presents an opportunity to purchase cryptocurrencies at lower entry points, potentially boosting profits before the upcoming bull market. Despite the recent decline in Bitcoin price, optimism about Bitcoin’s future continues, driven by historical records and the upcoming halving event. This article highlights five major cryptocurrencies to consider this April given the current market conditions, providing optimistic insights into their growth potential. Optimism (OP) Last month, Optimism achieved remarkable results, reaching an all-time high of $4.85 on March 6, 204, thanks to…
A widely respected cryptocurrency strategist believes that newly launched altcoins could see multiple gains within a matter of weeks. Pseudonymous analyst Altcoin Sherpa says 213,900 followers on social media platform “W: The Long Wormhole to Financial Freedom. Just wait until the airdroppers get angry (very risk-averse investors selling at the slightest sign of a recession). This figure would then be much higher. Do you really think that a project that has worked very closely with Jump (Trading Group) does not have good market maker (MM) connections?” Source: Altcoin Sherpa/X W is trading at $0.98 at the time of this writing,…
In the first quarter of 2024, Solana became the clear leader, driven by significant growth in decentralized exchange (DEX) and decentralized finance (DeFi) volume. In addition to the stellar growth of the DEX and DeFi sectors, Solana’s dominance is further cemented by its scalability, low transaction fees, and robust infrastructure. A significant increase in DEX trading volume means a significant increase in trading activity within the SOL ecosystem. This trend is consistent with the widespread adoption of DeFi, positioning Solana as a major player in this space. This impressive increase is detailed in a new report from on-chain analytics firm…