BUSD

On March 17th, Binance announced that it had converted the BUSD held in the User Security Asset Fund (SAFU) into TUSD and USDT to ensure long-term protection of users in the event of a continuous decline in the BUSD market. Binance stated that SAFU funds will be closely monitored to ensure their capital adequacy, and when necessary, use Binance’s own funds to regularly replenish funds. Coin An converts the BUSD in the SAFU fund into TUSD and USDT Analysis based on this information:On March 17th, Binance made an announcement regarding its User Security Asset Fund (SAFU). The company disclosed that it had converted the amount of BUSD held in the fund into TUSD and USDT. This decision was taken with the aim to provide long-term protection to the users’ funds in the event of a possible decline in the BUSD market. BUSD is a stablecoin that is pegged to the US dollar, and it is issued by the Paxos Trust…

According to reports, the CEO of Coin Safety said that in view of recent events, they are transferring the zero fee BTC transaction from BUSD to TUSD. CEO of Coin Security: Transferring zero fee BTC transactions from BUSD to TUSD Analysis based on this information:The cryptocurrency market has been abuzz with news of the transfer of zero fee Bitcoin transactions from BUSD to TUSD by Coin Safety. This announcement was made by the company’s CEO, in response to recent events that have occurred in the crypto world. This has caused a stir among crypto enthusiasts as they try to decipher the reason behind this move and what it means for the future of Bitcoin transactions on these platforms. Coin Safety is a leading cryptocurrency exchange, known for providing enhanced security measures for digital asset transactions. Its decision to move zero fees BTC transactions from BUSD to TUSD has caused a lot of confusion among the crypto community. However, Coin Safety…

On March 13, according to WhaleAlert monitoring, the remaining assets of the Binance Industry Recovery Fund, 985 million BUSDs, have all been transferred to the Binance trading platform. More than 985 million BUSDs have been transferred to the Binance trading platform Analysis based on this information:The Binance Industry Recovery Fund has recently transferred its remaining assets, approximately 985 million BUSDs, to the Binance trading platform. The transfer was reported by WhaleAlert monitoring on March 13. This transfer signifies the completion of the fund’s objective to assist projects affected by financial difficulties within the crypto industry. The Binance Industry Recovery Fund was established in July 2018 by Binance, one of the world’s largest cryptocurrency exchange platforms, to support struggling blockchain and cryptocurrency projects. The fund aimed to provide financial aid to projects that had encountered financial issues and could not continue their operations. Since the fund’s foundation, several projects had successfully received funding and were able to sustain their operations. BUSD,…

On March 13, CZ, the founder of Binance, said in a message on social media that, considering the changes in stable currency and bank, Binance will convert the remaining US $1 billion of industrial recovery plan funds from BUSD to native cryptocurrency, including BTC, BNB and ETH. Some capital flows will occur on the chain to ensure transparency. CZ: US $1 billion “Industry Recovery Fund” will be converted from BUSD to BTC, BNB and ETH Analysis based on this information:Recently, CZ, the founder of Binance, announced in a social media post that the remaining $1 billion of the Industrial Recovery Plan Funds will be converted from BUSD to native cryptocurrencies like BTC, BNB, and ETH. This move was taken given the changes in stable currency and the banking system. Capital flows will be monitored closely to maintain transparency. Binance is a cryptocurrency exchange located in Malta that provides a platform for users to trade various digital currencies. BUSD is a…

On March 13, CoinGecko data showed that the US dollar stable currency BUSD issued by Paxos had a short-term premium, once rising to the peak of US $1.03, and now it has dropped slightly to US $1.01, with a 24-hour increase of 1.5%, and the market value has risen to US $8.44 billion. BUSD’s short-term premium rose to $1.03 Analysis based on this information:The cryptocurrency market has experienced a surge in popularity over the past year, thanks to increasing investor interest and game-changing innovations such as stablecoins. Stablecoins were introduced as a tool to put an end to the extreme volatility of cryptocurrencies, which made them unreliable for everyday use. These digital assets are designed to maintain a stable value equal to a specific asset, such as the US dollar. One of the popular stablecoins in the market today is BUSD – a USD-pegged stablecoin issued by Paxos. According to data from CoinGecko, BUSD has experienced a short-term premium, reaching…

According to the report, Whale Alert data showed that Paxos Treasury destroyed 95826598 BUSD.

Paxos Treasury destroyed 95826598 BUSD

Interpretatio…

It is reported that the New York Financial Services Department (NYDFS)\’s BUSD casting ban forced Coin to find other stable currency alternative solutions to me…

According to reports, Whale Alert data showed that Paxos Treasury destroyed 129756185 BUSD.

Paxos Treasury destroyed 129756185 BUSD

Interpretation…

According to the report, Whale Alert data showed that the Paxos Treasury destroyed 125021066 BUSD.

Paxos Treasury destroyed 125021066 BUSD

Interpr…

On March 5, according to CoinMarketCap data, the market value of BUSD has evaporated by 45% in three weeks, and has now fallen below $9 billion, with the curre…

According to the report, the data showed that as of the time of press release, the circulation supply of the stable currency Binance USD (BUSD) issued by Paxos…

According to reports, Whale Alert data showed that Paxos Treasury destroyed 138440221 BUSD.

Paxos Treasury destroyed 138440221 BUSD

Interpretation…

It is reported that the market value of BUSD has fallen below the threshold of US $10 billion according to the data of Coingecko, and is currently US $96320229…

According to the report, according to the data of The Block Research, the supply of stable currency issued in February further contracted to US $128.4 billion,…

It is reported that Paxos, the issuer of the US dollar stable currency BUSD, released a statement to Silvergate Bank on social media. Paxos said that it had no…

On March 2, the data on the chain showed that a large BNB customer (0xd1… c86b) withdrew about 21.56 million BUSD deposits from Venus at 15:57 this afternoon…

21:00-7:00 Key words: BUSD, Coinbase, Robin Hood, DCG report

Overview of important developments overnight on February 28

Interpretation of the new…

According to reports, Andrew T, an analyst at Nansen, said on the social platform that more than US $6 billion of BUSD has been destroyed in the past 30 days, …

According to the report, according to the data of Coingecko, the current market value of BUSD has dropped to $11136982794, which was surpassed by DOGE ($112791…

According to the report, according to the data of MistTrack in Slow Fog, the Platypus attacker exchanged 10654 AVAX for 127 WETHs and then transferred them to …