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Stablecoins
Tracking Luna Foundation Guard’s Bitcoin Purchases
Thanks to the transparency of Bitcoin, we can watch along as LFG moves UST towards a bitcoin-backed existence.
Just as Hal Finney Predicted, Bitcoin Is Being Purchased to Act as a Reserve Currency
With a plan to buy up $10 billion of BTC, Do Kwon’s UST stablecoin project may be fulfilling a prophecy by the late recipient of the first bitcoin transaction.
How Luna’s Plan to Buy $3B Worth of BTC Is Affecting the Market
As rumors circulate of the Luna Foundation Guard’s plan for a new BTC-backed UST stablecoin, Christine Lee presents on-chain data showing that $125 million worth of tether was moved out of a Gnosis safe address, along with another similar transaction to a Binance account. Lee discusses how Terraform Labs Co-founder Do Kwon’s plan to eventually purchase $10 billion in BTC could impact the crypto markets.
Securities Regulators Cast Doubt on DeFi's Decentralization Claims
International standard-setter IOSCO said its members will take coordinated action to control what it called significant risks of the emerging DeFi market.
‘Correctly’ Was Wrong: Circle’s Accountant Tweaks Fine Print of USDC Attestation
Grant Thornton has switched from calling the $52.3 billion stablecoin’s reserve accounts “correctly stated” to the more equivocal “fairly stated.” Here’s why that matters.
Acala, VCs Commit $250M for Polkadot DeFi Investments
The fund will back companies with use cases for Acala’s aUSD stablecoin.
Stablecoin Cashio Suffers 'Infinite Glitch' Exploit, TVL Drops by $28M
Cashio's CASH token has lost almost all its value, as of the time of writing.
Kevin O’Leary on His White House Meeting with Lawmakers, Lummis’ Pro-Crypto Bill
“Shark Tank” co-host and O’Shares ETFs Chairman Kevin O’Leary joins “First Mover” to share his insights on the current state of global crypto regulation. O’Leary examines a bill in the European Union addressing proof-of-work mining, along with the Responsible Financial Innovation Act proposed by U.S. Senator Cynthia Lummis (R-Wyo.).
Executing on Biden's Crypto Executive Order
Coordinating a "whole-of-government" approach will be difficult.
