Liquidity

  • Justin Sun Adds Liquidity to Binance through USDT Transfer

    On March 13, according to Lookonchain data, the address marked as Justin Sun cast 400 million USDTs in the past two hours, and transferred 250 million USDTs to Binance in total Justin Sun has transferred 250 million USDTs to Binance in the past two hours Analysis based on this information:According to Lookonchain data, Justin Sun, the founder of Tron, cast 400 million USDTs in the past two hours. He also transferred a total of 250 million USDTs to Binance, making the exchange’s USDT balance soar to 1,629,888,752. The transfer is significant because it adds a substantial amount of liquidity to Binance, one of the largest cryptocurrency exchanges in the world. The move could also indicate that Sun plans to leverage the exchange’s liquidity to strengthen Tron’s position in the market. USDT, or Tether, is a stablecoin tied to the US dollar, which means the value of 1 USDT is equivalent to 1 USD. Stablecoins are designed to help stabilize the…

    03/13/2023
    107
  • A Costly Mistake: User Sells Curve LP Token for $2 Million but only Receives 0.05 USDT.

    On March 13, a user mistakenly sold the Curve LP token 3CRV with a value of more than US $2 million and only got 0.05 USDT. DEX aggregator KyberSwap published the investigation results of this event. KyberSwap said that when the user sold, only the route of 0x was successful, so KyberSwap chose the transaction path provided by 0x, which pointed to a pool with almost no liquidity, but the user did not seem to notice the reminder of the actual value of tokens obtained through the transaction and continued to trade, resulting in losses. KyberSwap: has contacted Coinbase and others to try to recover the funds lost by the previous mis-selling of 3CRV users Analysis based on this information:The world of decentralized finance (DeFi) presents a paradigm shift in the way financial transactions take place. While DeFi offers many opportunities for individuals to earn passive income and increase their profits, it also opens the door to increased risks as…

    03/13/2023
    127
  • French Minister assures stability of French banking system despite Silicon Valley concerns

    According to reports, French Finance Minister Le Maire said that the French banking industry has a high level of liquidity and is under extremely strict supervision. We will pay close attention to the situation of Silicon Valley Bank (SVB). The failure of banks in Silicon Valley will not pose a risk to the French banking system. French Finance Minister Le Maire: will pay close attention to the situation of Silicon Valley Bank Analysis based on this information:The announcement from French Finance Minister Le Maire regarding the stability of the French banking industry comes as a reassurance to the market. The statement was made in response to concerns about the failure of Silicon Valley Bank, a California-based bank that specializes in offering services to startups and technology firms. Despite the reputation of the bank and the potential risks it poses, the minister assured the public that the French banking system is stable and under strict supervision. The French banking industry is…

    03/13/2023
    109
  • First Republic Bank seeks to stabilize financial position

    It is reported that the First Republic Bank of the United States has disclosed that all available and unused liquidity funds are more than 70 billion US dollars. It is currently obtaining additional liquidity from the Federal Reserve and JPMorgan Chase to strengthen and diversify its financial situation and obtain more funds under the new Federal Reserve loan plan. At the end of last week, the Bank of the First Republic of the United States began to restrict the remittance of funds by wire transfer, and also said that it would completely stop processing wire transfer transactions. Bank of the First Republic of the United States: At present, all available and unused liquidity funds exceed 70 billion US dollars Analysis based on this information:The First Republic Bank of the United States has recently made headlines concerning its liquidity funds, disclosing an available balance of over $70 billion. However, the bank is now seeking additional liquidity from the Federal Reserve and…

    03/13/2023
    129
  • 0x Protocol Integrates with KyberSwap to Enhance User Liquidity

    On March 9, it was reported that the decentralized transaction protocol 0x Protocol has been integrated with the Elastic of KyberSwap, the DEX aggregator of Ky…

    03/09/2023
    118
  • Coinbase to Increase Support for Liquid Stacked ETH (LSETH)

    According to reports, Coinbase announced that it would increase support for Liquid Stacked ETH (LSETH) on the Ethereum network (ERC-20 token). If the liquidity…

    03/06/2023
    113
  • Coinbase Suspends BUSD Trading: A Move Done Out of Liquidity Concerns

    According to reports, Brian Armstrong, CEO of Coinbase, said on Wednesday that the decision of the Exchange to suspend BUSD trading was due to liquidity concerns. Armstrong said: “The reason we did this is that the issuer of BUSD, Paxos, has been ordered to stop casting it, so we are worried about the liquidity of customers.”. Coinbase CEO: The decision to remove BUSD from the shelf is based on the concern about liquidity Analysis based on this information:Coinbase, one of the leading cryptocurrency exchanges in the world, announced on Wednesday that it had suspended trading for the stablecoin BUSD. Brian Armstrong, the CEO of Coinbase, justified the move by citing concerns over liquidity. He explained that the reason behind this decision was Paxos, the issuer of BUSD, has been ordered to stop casting it. Hence, there is a potential risk regarding the liquidity of Coinbase’s customers, which could be harmful to the overall experience. The suspension of BUSD trading occurred…

    03/02/2023
    119
  • Sui-based MovEX and Sui Foundation to join forces for DeepBook

    It is reported that the Sui-based Central Limited Order Book (CLOB) DEX DeepBook will be jointly built by the Sui-based MovEX and the Sui Foundation, aiming to…

    03/02/2023
    134
  • Ellipsis Labs Launches DEX Phoenix on Solana Main Network

    It is reported that Ellipsis Labs announced that DEX Phoenix is online on the main network of Solana (beta), and traders can obtain liquidity through Jupiter E…

    03/01/2023
    135
  • DCG Shares Financial Data: A Sign of Distress?

    It is reported that Ram Ahluwalia, CEO of Lumida Wealth, a cryptographic investment consultancy, said in a social media message that DCG shared financial data …

    03/01/2023
    131
  • Velodrome proposes to make Stargate the STG Hub on Optimism

    It is reported that Velodrome, the AMM agreement on Optimism, launched the proposal of Make Velodrome the STG Hubon Optimism on Commonwealth to increase the li…

    02/27/2023
    100
  • BitMart and Amber Group partner to promote institutional-level digital asset transactions

    On February 24, BitMart announced the establishment of a partnership with Amber Group, a cryptographic financial service provider, to release global liquidity,…

    02/24/2023
    117
  • Ethereum Pledge Agreement Swell Network to Update Functions

    On February 23, it was reported that the Ethereum Pledge Agreement Swell Network will update the functions of the agreement on the main Ethereum network in Apr…

    02/23/2023
    109
  • Coinbase to Launch Euro Stablecoin (EUROC)

    On February 22, according to the official news, Coinbase will launch the Euro Coin (EUROC). If the liquidity conditions are met, the transaction will start at …

    02/22/2023
    146
  • Pangolin Launches Token Exchange and Liquidity Contract Functions on Evmos

    On February 22, Avalanche native multi-chain DEX Pangolin launched token exchange and liquidity contract functions on Evmos. This major deployment will connect…

    02/22/2023
    102
  • dYdX proposes a market-maker rebate plan to stimulate liquidity

    According to reports, dYdX released a tweet saying that the community had adopted a proposal to implement a rebate plan for market makers, which proposed to im…

    02/22/2023
    107
  • NFT Project Founder Plans to Leverage BAYC and MAYC to Maximize Profits

    It is reported that the founder of the NFT project rektGuy tweeted that \”after careful consideration, today we decided to use the current NFT liquidity to make…

    02/22/2023
    112
  • dYdX’s Market Maker Rebate Plan: An Innovative Way to Boost Liquidity and Cut Reliance on Rewards

    It is reported that dYdX initiated a community vote on whether to introduce a market maker rebate plan, aiming at stimulating liquidity and reducing dependence…

    02/21/2023
    129
  • Velodrome emerges as one of the top DEX platforms in DeFi with impressive TVL growth

    It is reported that Velodrome, the transaction and liquidity market based on Optimism, tweeted that its TVL has exceeded US $230 million, becoming the ninth la…

    02/20/2023
    112
  • Camelot’s Launchpad Project, Arbitrove, Raises Over 5000 ETH

    According to the official website data, the public offering amount of Arbitrove, the first Launchpad project of Arbitrum Ecological DEX Camelot, has now exceed…

    02/20/2023
    120