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Latest from Krisztian Sandor
Justin Sun Moves $4.3M of MakerDAO's Tokens to Binance: Blockchain Data
Tron founder Justin Sun’s potential sale of MakerDAO’s token – movements of tokens to an exchange often come before sales – coincide with the DeFi protocol’s controversial restructuring.
Tether Trading Volume Falls to Multi-Year Lows, Market Cap Rise Is ‘Questionable:’ Kaiko
Trading with Tether’s USDT stablecoin has fallen to its lowest level in four years, while its market capitalization nears an all-time high of $83 billion.
Demand for Tokenized Treasury Bonds Soars as Crypto Investors Chase TradFi Yield
The combined market capitalization of tokenized money market funds is nearing $500 million as high yields in traditional markets attract crypto capital.
USDC Issuer Circle Moves $8.7B to Repo Agreements to Protect Reserves From U.S. Government Default
Circle’s reserve fund has ditched Treasury bills that mature beyond May 31, rotating assets to cash and overnight repurchase agreements instead, a company spokesperson said.
Tether Says It Will Buy Bitcoin for Stablecoin Reserves Using Realized Profits
The company, which issues the $82 billion USDT stablecoin, reported $1.48 billion of net profits in 2023 Q1 and revealed $1.5 billion in BTC holdings.
Lending Platform Atlendis Deploys Upgrade on Polygon, Opens $2M Lending Pool for Banxa
Atlendis Labs is a blockchain-based credit marketplace that offers revolving credit lines for small and medium-sized businesses and fintech firms.
Bankrupt Crypto Lender Celsius Transfers $75M of Ether to Staking Service Figment
The maneuver represents one of the largest transfers of funds for Celsius Network since it filed for bankruptcy protection in July.
MakerDAO Founder Proposes Plan for Upgraded Versions of DAI Stablecoin, Governance Token
Rune Christensen also proposed to incorporate artificial intelligence-assisted processes into Maker’s governance.
‘Smart Money’ Traders Reduce Pepecoin Holdings by $3M as Meme Coin Mania Cools
PEPE token has dropped 66% since last week, when it reached a $1.8 billion market capitalization after a staggering rally.
Tether Reports $1.48B Profit in Q1, Reveals Bitcoin, Gold Reserves
The company’s USDT stablecoin has seen rapid growth this year as the U.S. banking crisis hit rivals.