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$400 million liquidated by lenders! Three Arrows Capital may face bankruptcy?

Dubai-based cryptocurrency fund Three Arrows Capital (3AC) has been liquidated for $400 million and faces bankruptcy, The Block reported. The investment firm has been one of the more prestigious players in the cryptocurrency market for the past few years, but it has not been spared the liquidation of cryptocurrency lending companies. Three Arrows is currently …

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SEC investigates Binance BNB, is cryptocurrency a “currency” or an “asset”?

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According to foreign media reports on June 6, the U.S. Securities and Exchange Commission (SEC) is conducting an investigation against Binance, mainly involving Binance Coin (BNB), which was issued by Binance in 2017, and is verifying whether the token should be regarded as A security that should have been registered with the SEC. The report …

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Complete cryptocurrency services! PayPal opens third-party wallets and exchanges to “deposit and withdraw coins”

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Online payment service giant PayPal announced that it will open the “cryptocurrency withdrawal function” from now on, allowing some US users to transfer bitcoin (BTC), ether (ETH), bitcoin cash (BTC) between PayPal and other wallets and exchanges. BCH) and Litecoin (LTC), there is no need to pay withdrawal fees, and the entire transaction process only needs to …

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Bloomberg: SEC is investigating whether Binance’s “BNB ICO” violated securities laws

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The U.S. Securities and Exchange Commission (SEC) is investigating whether Binance Holdings violated securities regulations when it launched an ICO to launch Binance Coin (BNB) five years ago , Bloomberg reported on June 6 . Currently, Binance is the largest cryptocurrency exchange in the world, while BNB is the fifth-largest cryptocurrency by market capitalization. BNB’s ICO took place …

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

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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

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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%

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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

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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

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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

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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 …

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