Tag: DePeg
What is the Truth of ezETH Depeg Incident in Binance’s New REZ Launchpool? Why Did the Price, Which Should Be the Same as ETH Price, Drop to $700? Here’s the Description
Renzo Protocol’s liquid restaking (LRT) token ezETH, experienced a sharp depeg overnight. This drop was a response to an unpopular and misleading tokenomics announcement that disappointed many in the decentralized…
‘De-Peg’ Crisis in That Coin Amid Binance Sales!
As a result of the sudden events, the stability of the TrueUSD (TUSD) stablecoin traded on the Binance exchange is under scrutiny as it has been de-pegged, experiencing a significant…
Research Company Explained Why Stablecoins Like Tether Are Experiencing Depeg!
In some cases, the reason for the deterioration of the dollar stability of stablecoins may be due to money laundering operations. Blockchain research company bitracepresented a remarkable report in the…
Depeg Tension in Binance Supported Stablecoin: Did TRON Cause It?
TruUSD (TUSD), the fourth largest stablecoin in the cryptocurrency market in terms of market value, lost its dollar stability for a short time. Binance-backed stablecoin TUSD On November 28 at…
True USD (TUSD) Stablecoin is Trading Below Its Stable to $1! So, what is the source of the Depeg phenomenon?
True USD (TUSD) The stablecoin recorded a slight decline, reaching an intraday low of 0.9955 on Binance. This follows a report by Reuters that suggested the Tron blockchain is being…
Another Depeg Incident Happened: This Stablecoin Crashed!
We continue to encounter interesting events in the cryptocurrency market. Today, Raft (R), a stablecoin project, was attacked by a hacker. After this development, R, which lost its dollar constant,…
Binance-Backed TrueUSD Announces, TUSD Becomes Short-Term Depeg!
TUSD lost its stability against the dollar after the statement by the stablecoin TrueUSD, which is backed by the cryptocurrency exchange Binance. In the middle of the turbulent cryptocurrency market…
Bank Spills, De-Peg and Crypto Rally: What Happened?
The intersection of traditional finance and the crypto market has once again been brought to the fore when two of the most crypto-friendly banks and the largest bank favored by…
The Whale Turns Its USDC Depeg Into An Opportunity Earns $16 Million!
one of the largest banks in the USA last weekend. Silicon Valley Bank was closed by the regulators. After this news USDC issuing company Circle‘s also said that he had…
New Terra Case? Billion Dollar Stablecoin “De-Peg” Explained!
MakerDAO’s co-founder Rune Christensen, DAI owned by stablecoin USD Coin (USDC) He stated that by resetting all his positions, he could exit the USD peg. According to Daistats, the DAI…