Trump-affiliated USD1 has $0 in excess reserves
The report by BitGo notes that all of USD1's reserves are in the Fidelity Investments Money Market Government Portfolio—Institutional Class.
Bennett Tomlin
547 stories, newest first
Polymarket suitgate: Zelenskyy’s NATO look divides crypto bettors
A Polymarket market has erupted in a dispute over whether or not Ukrainian President Volodymyr Zelenskyy wore a suit to a NATO summit.
How far could bitcoin fall before Tether is in trouble?
Tether has made BTC an important part of its reserves, but does that make Tether vulnerable if BTC falls?
— HTX, Justin Sun
61% of USDD collateral now in one vault — funded entirely by HTX
Justin Sun's USDD is receiving most of its assets from HTX and is depositing them into new vaults launched without approval from a DAO.
What happened to WBTC on TRON?
Wrapped Bitcoin began hiding details about WBTC on TRON after Sun's involvement, and the product now seems nearly abandoned.
Opinion: Coinbase is a ‘mission focused company’
It's okay for Coinbase to sponsor an authoritarian birthday parade, but it's not okay for a Coinbase employee to describe it as such.
World Liberty promised AAVE lending six months ago — so where is it?
Donald Trump-affiliated World Liberty Financial has yet to launch its AAVE instance six months after the governance vote approving it.
— Justin Sun, Plasma
Whales dominate Plasma launch
Plasma's public sale launch resulted in a small number of whales dominating the initial allocation and a "gas war."
Circle and Coinbase — a story of two public offerings
Circle's rise after its IPO on its first day of trading is a contrast to Coinbase, which fell on its first day of trading.
HTX withdraws $570M from Aave, briefly spikes lending rates
Justin Sun-advised HTX withdrew $570M from Aave, briefly spiking borrowing and lending yields, before depositing $600M back into the protocol.