Altcoin News

Avoid a repeat of the UST crash! Tron raises USDD reserves to over-collateralized

After Terra’s algorithmic stablecoin UST collapsed last month, TRON announced a plan on June 5 to significantly increase the funds used to support its stablecoin USDD, thereby avoiding the challenges faced by Terra stablecoins. trouble. The first USDD, which is close to the replica version of the Terra algorithm stablecoin UST, was launched on the TRON blockchain on May …

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Changpeng Zhao talks about the collapse of LUNA: Do Kwon tried to contact me, but I refused

Terra founder Do Kwon and his company Terraform Labs have relaunched the Terra 2.0 network and built a new blockchain and LUNA token to bring the Terra ecosystem back to life. In response to the LUNA and UST crashes, Changpeng Zhao (CZ), CEO of cryptocurrency exchange leader Binance (CZ), is one of the few industry …

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Solana mainnet crashed again! The native token SOL collapsed by 13%

Solana mainnet , known as the “Ethereum Killer”, failed again in the early morning of this (2) day. The blockchain stopped producing blocks, could not process transactions, and was disconnected for more than 4 hours. However, according to the blockchain browser Solana Beach It shows that the last transaction is still stuck 6 hours ago. The mainnet shutdown coincided …

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The collapse of UST and LUNA sounded the alarm! Regulations in various countries point to the cryptocurrency market

The impact of the collapse of the Terra algorithm stablecoin UST and the governance token LUNA has been transmitted to the outside of the cryptocurrency field, and regulators in various countries have drawn attention back to the cryptocurrency market. On May 8, the algorithmic stable currency UST running on the Terra blockchain was significantly decoupled. …

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Terra synthetic asset protocol Mirror Protocol is under attack! Estimated loss of $2 million

The Terra Ecosystem’s DeFi app Mirror Protocol is under attack again. At press time, the mBTC, mDOT, mETH, and mGLXY synthetic asset pools on the protocol have been depleted, with a preliminary estimate of a loss of around $2 million. According to community members , the hackers may have exploited a bug in a misconfigured price oracle to carry out …

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Optimism governance token OP airdrop is here! A large number of users are rushing to get it, and the network is overwhelmed

Optimism, the well-known Ethereum Layer 2 scaling solution, announced earlier today (1) that the governance token OP airdrop is officially open for application, and free tokens will be sent to 249,000 eligible addresses as rewards. Early adopters of the project and other ethereum users such as DAO voters, multi-signers, and ethereum cross-chain bridge users. Optimism …

Optimism governance token OP airdrop is here! A large number of users are rushing to get it, and the network is overwhelmed Read More »