Stablecoin
Stablecoin Supply Ratio Rises Alongside Crypto Prices
In today’s “Chart of the Day” segment, Christine Lee presents a chart illustrating the stablecoin supply ratio (SSR), which has risen over the past week alongside crypto prices. Questions arise about whether traders will choose to hold their stablecoins or bitcoin, and how these decisions can affect price shifts.
Market Wrap: Bitcoin Stabilizes Amid Geopolitical Uncertainty
The leading cryptocurrency reverses earlier losses in seesaw trading.
Ex-Meta Coders Raising $200M to Bring Back Diem
In an initiative called Aptos, a group of former Meta coders familiar with the Diem (formerly Libra) stablecoin project are raising capital to bring the Diem blockchain back to life. “The Hash” discusses where Diem stands in the current blockchain ecosystem and potential venture capital interest.
Market Wrap: Bitcoin Sellers Return, Reversing Earlier Gains
Concerns over the economy and the situation in the Ukraine linger.
Foundation Focused on UST Stablecoin Raises $1B in LUNA Sale
The fresh funding will go toward a new reserve to help strengthen the peg for the UST stablecoin.
Erik Voorhees on Corporations Transitioning Into DAOs
Christine Lee speaks to ShapeShift founder Erik Voorhees at ETHDenver 2022 for updates on ShapeShift dissolving its corporate entity into a DAO, comments on Canadian trucker protests as well as reactions to the Senate Banking Committee stablecoin hearings.
Frax Finance Is Preparing to Airdrop a CPI-Linked Stablecoin
An algorithmic stablecoin tied to U.S. consumer prices will be given to holders of cvxFXS, veFXS stakers, participants in the FXS liquidity pool and tFXS stakers.
Should Government Be in the Business of Issuing Stablecoin Insurance?
U.S. Representative Josh Gottheimer (D-N.J.) has introduced a bill that would establish government-backed insurance for stablecoins. “The Hash” crew discusses the potential consequences of the bill and how it could eliminate competitors in the industry.
Silvergate to Continue Working With Regulators Ahead of Stablecoin Pilot Launch
The lender recently bought Meta’s stablecoin tech and assets.
Bitfinex Hack Laundering Suspects to Testify Before DC District Court
The Washington D.C. court convenes today for a hearing with Ilya Lichtenstein and Heather Morgan, two suspects arrested on allegations they conspired to launder $3.6 billion in bitcoin from the 2016 hack of crypto exchange Bitfinex. CoinDesk's Nikhilesh De discusses the details released so far and the possible outcomes. Plus, stablecoin hearings continue.
