US margin debt reached all-time highs as crypto lost $2 trillion
Crypto markets have been penalized with downside volatility amid historic levels of US margin debt relative to income.
Bitcoin24h
$71,331.54+6.32%
Ethereum24h
$2,077.08+5.74%
BNB24h
$652.84+4.28%
XRP24h
$1.42+4.70%
Solana24h
$90.01+6.13%
TRON24h
$0.2841+0.91%
Dogecoin24h
$0.0931+3.09%
Cardano24h
$0.2733+2.68%
Bitcoin Cash24h
$460.49+5.22%
UNUS SED LEO24h
$9.20+1.38%
Chinese banks freeze accounts over crypto memos
Chinese nationals are reporting that putting “Bitcoin,” “Dogecoin” or “USDT” in the memo field of a transfer causes the account to be frozen.
China’s Regulation 42 forces Tether to kill its CNHT stablecoin
Tether has never been in a better place than it is right now, at least in the US. But in China, it’s a very different story.
—by
Bennett Tomlin
Newsletter
The Context 162: 🛎️ Binance is not committed to compliance or users
Despite Binance’s claims about the importance of compliance, it is willing to list TrueUSD, a stablecoin where the reserves is a loan.
NFT investor Adam Weitsman’s X account hacked to shill ‘Clawed Ape Yacht Club’
Hackers took control of scrap-metal billionaire Adam Weitsman’s X account to post a forex trading scam and a fake NFT crypto project.
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Chinese banks freeze accounts over crypto memos—by Protos Staff
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Crypto Capital Corp’s $850M collapse linked to Israeli mafia cocaine ring—by Protos Staff
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DeFi exploiter targets lending protocols with oracle tricks—by Protos Staff
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Largest BNB treasury crashes 95%, blames CZ investment vehicle—by Protos Staff
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Tom Lee’s ETH losses at Bitmine exceed FTX customer losses—by Protos Staff
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‘Bryce’s Secret’: Terraform claims Jane Street behind $40B meltdown—by Protos Staff
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The legal battles of Justin Sun—by Protos Staff
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CHART: Bitcoin returns in short bursts—by Protos Staff
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Aave developer BDG Labs to ‘cease contribution’ after DAO drama—by Protos Staff
