Tether’s USDT soaks up another $1 billion as the BUSD dies.
Tether is emerging as the clear winner following the fall of a top-three stablecoin.
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The price of Tamadoge, a play-to-earn meme coin, rises by 20% on Super Doge game launch news.
Tamadoge is the best-performing big meme coin today, up 19% to $0.0176 after revealing that its first game, Super Doge, will be released this week.
Tamadoge presently features five games in beta testing on its Games Arcade, setting it apart from the run-of-the-mill meme coins that lack utility.
Binance Banking Partner Limits Crypto Transactions to $100,000 and Above
Binance, the world’s largest cryptocurrency exchange by trading volume, has announced that it will no longer accept USD deposits and withdrawals via SWIFT if the amount transferred is less than $100,000.
A bored ape NFT Cost Justin Bieber $1.3 Million. With the floor price at 84% below the April high, Bored Ape Yacht Club NFTs are losing value this month.
According to information from NFT Price Floor, the floor price for the Bored Ape Yacht Club as of this writing is around 58.2 ETH, or roughly $69,800. This is the cost of the lowest NFT that is currently offered on a marketplace. The floor price fell under $60,000 for the second time this month on Monday, but it gradually increased all day on Tuesday.
Yellen claims that the FTX collapse demonstrates the weaknesses of the whole crypto industry, while Fed official Brainard calls for strict regulation.
Strong crypto regulation is required, according to Federal Reserve Vice Chair Lael Brainard and U.S. Treasury Secretary Janet Yellen. While Brainard issued a warning that problems from one platform are “spilling over into others,” Yellen said that the FTX collapse reveals “the flaws” of the whole cryptocurrency market.
Trading platforms for cryptocurrencies handle a lot of withdrawal requests Removal of almost $5 billion in BTC and ETH from exchanges
The crypto community has been grappling with the closure of FTX and its associated crypto firms for the last week, and ever since that time, the subject of proof-of-reserves has gained attention. The fact that cryptocurrency fans have pulled significant amounts of bitcoin and ethereum off centralized trading platforms is another bright spot in the disaster. Cryptoquant.com’s seven-day data show that since November 7, 2022, exchanges have eliminated more than $3.4 billion in bitcoin.
Binance still holds 5% of the supply of FTT despite FTX confidence being rattled.
5% of the whole FTT supply, now only worth $65 million, was all that Binance was left with despite the caustic memes that inundated Crypto Twitter when it first said it would and then wouldn’t acquire FTX.
As Post-Musk Dogecoin Gains Are Erased, Twitter Registers as a Payments Business
With numerous high-profile users pledging to stop using the service after the controversial billionaire acquired it, the Musk Twitter era is off to a bumpy start. The new Twitter administration has started along the path to becoming a payment processor thus far unfazed.
“Beyond Our Ability to Help”: Binance withdraws from the agreement to purchase FTX.
The agreement between Binance and FTX has been canceled after Binance announced its intention to purchase FTX on Tuesday.
The business abandoned the acquisition of rival FTX one day after cryptocurrency exchange Binance declared its intention to do so for an unknown sum.
FTX’s FTT Token Drops 78% in 24 Hours, as Bitcoin Drops to Yearly Low
Following reports that Binance will buy Sam Bankman-crypto Fried’s exchange, FTX’s token fell about 80%.
According to CoinGecko statistics, FTT has lost 78% of its value in the last 24 hours, falling from about $22 to $4.87.