The cryptocurrency world often promises stability through digital assets. However, recent events have cast a shadow on this promise. Indeed, the dollar-pegged stablecoin Staking Stream USD (XUSD) has experienced a significant de-peg. This alarming development sends ripples across the digital asset landscape. Many investors are now closely watching the unfolding situation. Understanding the XUSD De-peg: […]
Hold onto your hats, crypto enthusiasts! The stablecoin world is experiencing another tremor as sUSD, the Synthetix-based stablecoin, is facing a significant depeg. Just when you thought the market was finding its footing, the sUSD price took a nosedive, briefly touching a chilling $0.869 on CoinMarketCap. Currently hovering around $0.8865, this dramatic dip has sparked […]
In the fast-paced world of cryptocurrency, savvy players are always looking for opportunities to capitalize on market fluctuations. Recently, market maker Wintermute demonstrated just that by strategically leveraging the temporary depeg of the stablecoin FDUSD to secure a significant profit. Let’s dive into how Wintermute turned market volatility into a lucrative $75 million gain. Decoding […]
Urgent Alert for Crypto Holders! Are you tracking the FDUSD stablecoin? Recent market monitoring indicates a significant and concerning event: FDUSD has de-pegged from its dollar value, trading as low as $0.91 on CoinMarketCap, according to Coin Pulse Market Monitoring. This unexpected dip raises critical questions about stablecoin stability and the broader cryptocurrency market. Let’s […]
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