Tag: Redemptions
Grayscale’s SEC Victory May Render Alameda’s Redemptions Lawsuit Unnecessary, Bloomberg Analysts Say
A knock-on effect of Grayscale’s recent favorable ruling against the U.S. Securities and Exchange Commission is that it potentially renders meaningles [...]
Trader takes $4m short position on TrueUSD as issuer halts mints and redemptions
Following the issuer's decision to temporarily halt mints and redemptions through its banking partner, Prime Trust, a trader has taken advantage of th [...]
Euler Finance opens redemptions after hacker returns funds
On April 12, Ethereum-based noncustodial lending protocol Euler Finance announced that it would open redemptions after hackers returned the vast major [...]
314M USDC sent to null address as redemptions begin: Report
According to Web 3.0 analytics platform Watchers (0xscope), a total of 314.167 million USD Coin (USDC) has been sent by its issuer, Circle, to the Eth [...]
Circle’s USDC Stablecoin Endures $1B Net Redemptions Since Silicon Valley Bank Shutdown, Nansen Data Shows
USDC is the second-largest stablecoin, trailing only Tether’s USDT, and a backbone of the crypto ecosystem. The token’s value is backed by U.S. govern [...]
Alameda Sues Grayscale and DCG to Allow Redemptions, Reduce Fees
"We will continue to use every tool we can to maximize recoveries for FTX customers and creditors,” said John J. Ray III, CEO and Chief Restructuring [...]
Binance withdrawals and BUSD redemptions surge post Paxos crackdown
Cryptocurrency exchange Binance has seen a surge of withdrawals over the last 24 hours as investors appear to be spooked over recent news of regulator [...]
Major stablecoins destabilized as market volatility and redemptions surge
Plunging cryptocurrency prices are not the only consequence of this week’s FTX-induced crypto contagion. Significant market volatility this week induc [...]
Tether Sees New Wave of Redemptions as Fear of Market Contagion Spreads
"Confidence in cryptos remains depressed and some traders are worried that Tether could suffer a similar fate as Terra's UST stablecoin," Edward Moya, [...]
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