Stablecoins, like FDUSD, are critical to the cryptocurrency ecosystem. But recent allegations by TRON founder Justin Sun have put investor confidence in this stablecoin under scrutiny. Sun has […]
Justin Sun Accuses First Digital Trust of $100M Defiicit and Fraud
Tron founder Justin Sun has leveled serious accusations against First Digital Trust (FDT), a Hong Kong-based financial institution, alleging severe financial misconduct. llowing concerns over its stablecoin FDUSD’s […]
Justin Sun Sues FDUSD Issuer for Alleged $500M Embezzlement
Tron founder Justin Sun has initiated legal action against First Digital Trust (FDT), the issuer of the FDUSD stablecoin, alleging that they have embezzled nearly $500 million in […]
Bowman’s Appointment Could Open the Door to Crypto Regulation
The Federal Reserve is set for a major shakeup with Michelle Bowman’s nomination as Vice Chair for Supervision, potentially signaling a shift towards more open crypto regulations. Her […]
Congress Weighs In: Stablecoin Regulation Takes Center Stage
The U.S. House of Representatives Financial Services Committee has initiated a series of discussions concerning the potential regulation of stablecoins. This bill, aiming to introduce new rules for […]
House Committee Debates New Stablecoin Regulations
The U.S. House Financial Services Committee recently held extensive hearings on a proposed bill aimed at regulating stablecoins. This move seeks to establish new guidelines for an industry […]
Stablecoin Launch Looms: Market Chaos and Major Bank Invests in Avalanche
Recent bills addressing stablecoins and market structure, if passed, could propel tech giants into the crypto sphere, potentially threatening traditional banks. Ripple recently released a record-breaking 50 million […]
Wintermute Capitalizes on FDUSD Depeg for Profit
Crypto market maker Wintermute took advantage of the recent FDUSD depeg, transferring $75 million worth of the token to First Digital Labs shortly after its price dropped below […]
Binance Addresses FDUSD Reserve Concerns After Insolvency Accusations
Following a brief de-pegging incident related to First Digital USD (FDUSD), Binance has provided clarity regarding the reserve attestation for this stablecoin. In a recent blog post on […]
Tron’s Price Rally and Tether’s $1 Billion Mint Spark Interest in Promising Projects Like Ruvi AI
TRX, the native cryptocurrency of Tron, has experienced a significant price surge this week, reaching its highest point since 2023 at over $0.25 on Monday. The rise comes […]
Crypto Execs Call For Interest-Bearing Stablecoins
Some crypto executives are urging Congress to allow stablecoin issuers to pay interest on their tokens. This comes as lawmakers work on a bill to regulate these dollar-pegged […]
Itaú Unibanco Paves Way for Stablecoin Launch as Regulatory Landscape Evolves
Brazil’s largest bank by assets, Itaú Unibanco, is exploring the development of its own stablecoin. This move comes amid growing interest in blockchain technology and regulatory discussions surrounding […]
Justin Sun Reports $500M FDUSD Embezzlement Case in Hong Kong
Crypto industry figure Justin Sun has publicly accused First Digital Trust (FDT) of a massive $500 million embezzlement case involving stablecoin FDUSD. This shocking revelation, made on X […]
USDC Treasury Destroys Major Portion of its Reserves
A recent report by Whale Alert highlights the USDC Treasury’s significant action. The platform revealed that the Treasury destroyed over 50 million USDC tokens, worth roughly $50.04 million, […]
Ripple Incorporates Stablecoin into Cross-Border Payment System
Ripple has made a significant advancement in its mission to revolutionize global payments by integrating the $RLUSD stablecoin into its payment platform. This move aims to enhance enterprise […]