DeFi is paying big to accumulate USDC
The GENIUS Act forbids any interest payments by Circle to USDC holders, causing them to venture elsewhere for APRs of 59% or beyond.
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Could a Tether collapse destabilize the US Treasury market?
Bank of International Settlements researchers have quantified a few basis points of measurable impact from stablecoins on US Treasuries. Source link
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Is the Tesla Diner rigging reviews?
A day after opening, 23 Tesla Diner reviews had disappeared from Yelp, leaving it with just 14 write-ups, and only a single one-star
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‘Please, do not resist’: Qubic hash grab worries Monero maxis
In what’s being called an “economic attack,” Qubic is offering higher rates, paid in its own token, to XMR miners willing to join
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Mario Nawfal can’t shake doubts over shady ROSS token promo
Mario Nawfal’s crypto account promoted an Adin Ross token that wasn’t legitimate and is now pursuing legal action against its own team. Source
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Every token in World Liberty Financial’s portfolio is down bad
World Liberty Financial, the Trump-affiliated cryptocurrency firm, has acquired a variety of tokens for its portfolio, all have lost value. Source link
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Binance employees can now trade up to $5,000 in crypto, report
A news scoop claims Binance is lifting a policy against employees engaging in short-term crypto trading. Its new allowance is $5,000. Source link
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Bithumb raided over former CEO’s $2M apartment purchase, report
The raid follows an investigation into a former Bithumb CEO who allegedly misused $2 million of company money to purchase an apartment. Source
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FTX dropped lawsuit against Allan Bankman and Barbara Fried
According to the filing, the lawsuits against Allan Bankman and Barbara Fried have been dismissed without prejudice. Source link
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Dan Chen, director of FTX-linked Deltec, joins Gemini as CFO
Deltec International, the parent company of Deltec Bank, allegedly gave billions in credit to Alameda Research to facilitate its activities. Source link