Tether Loses $1 Peg, Bitcoin Drops to 2020 Levels of near $24K
Weak sentiment around stablecoins may have contributed to USDT’s depegging this morning. Original Source
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Loses
'$DAI Will Die' Tweet Twisted Back on Terra's Kwon as UST Loses $1 Peg
DAI briefly surpassed UST as the biggest DeFi stablecoin on Wednesday. Original Source
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Michael Saylor Jokes About Working at McDonald’s as Bitcoin Loses the $32k Support Level
Quick take: Michael Saylor has joked about ‘getting back to work’ at McDonald’s Mr. Saylor posted a meme of himself behind the counter of the popular fast-food chain Bitcoin has continued on its downward trend losing several support zones from $39k Bitcoin has set a local low of $31k as the $32k support level
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Investors Flee Terra’s Anchor as UST Stablecoin Repeatedly Loses $1 Peg
Deposits on the Anchor protocol plunged below $9 billion from $14 billion since Friday after Terra’s stablecoin, UST, struggles to recover to $1. ANC, the protocol’s token fell 35% during the day. Source
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New Fed Report Repeats Warning About Stablecoin Run Risks as UST Loses Peg
The U.S. government again named stablecoins as a potential threat to the stability of the financial system, with both the Federal Reserve and a senior Treasury official saying Monday that the tokens are vulnerable to runs. Source
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UST Stablecoin Briefly Loses Peg, Luna Drops 10%
UST briefly lost its dollar peg on Saturday, leading to questions around whether Terra’s Bitcoin reserves will soon face their first test Original Source
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Bitcoin’s $40K Breakout Elusive as Fed-Inspired Dollar Drop Loses Steam
The dollar index (DXY), which tracks the greenback's value against major currencies, jumped 0.7% to 103.25, having dropped 0.9% to 102.51 Wednesday. The futures tied to the S&P 500, Wall Street's benchmark index, and the tech-heavy Nasdaq index traded at least 0.5% lower, signaling a weak open following Thursday's surge.
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First Mover Americas: Bitcoin Loses Key Support During Ugly Weekend for Crypto Markets
The latest moves in crypto markets in context for May 2, 2022. Original Source
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After Solana’s Co-Founder Said BTC Should Change Its Consensus Algo, Solana Mainnet Loses Consensus for 7 Hours – Bitcoin News
Jamie Redman Jamie Redman is the News Lead at Cryptox.trade News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than
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DeFi Lender Rari Capital/Fei Loses $80M in Hack
DeFi Lender Rari Capital/Fei Loses $80M in Hack Original Source
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