WhiteBIT Bolsters Collateral Options with 60 Fresh Tokens
The collateral portfolio on WhiteBIT now exceeds 80 tokens, thanks to the latest additions of PEPE, BONK, SUI, DAI, NOT, BOME, APT, AAVE, TON, MRK, STRK, and many more.
Twitter's “$Cashtags” feature has been expanded with another 30 c
The app now displays an up-to-date price chart for nearly all of the Top 50 cryptocurrencies by market cap. However, for some reason, not all are yet visible.
Among those displayed are Tether (USDT), XRP (XRP), Binance USD (BUSD), Cardano (ADA), Solana (SOL), Avalanche (AVAX), Dogecoin (DOGE), Shiba Inu (SHIB), Polygon (MATIC), Litecoin (LTC), Dai (DAI) and Uniswap (UNI).
Among the losers are Polkadot (DOT), Tron (TRX), BNB (BNB), and USD Coin (USDC). Conspiracy theorists and insiders are welcome to comment.
TradingView and Robinhood services are likely to have been involved in the implementation. However, none of these potential Twitter partners have officially confirmed the collaboration.
USDC Loses its USD Peg
According to the March 2023 reserve report , a total of 8.7 billion USDC is being held in six banks. However, three of these banks – Silvergate, Signature, and Silicon Valley Bank – are currently experiencing liquidity and solvency issues. The situation is especially dire for Silicon Valley Bank, which held 3.3 billion USDC and has been forced to close by the California Department of Financial Protection and Innovation.
The USDC price has dropped by 15%, to $0.86, in response to these developments. Additionally, the DAI stablecoin has fallen by 10%, as up to 50% of its collateral is held in USDC.
Currently, US Treasury bills account for 77% of the USDC reserves. The remaining 23% is held in cash at various banking institutions. The fate of these funds will depend on the outcome of the bankruptcy process for the affected banks and the amount of funds that can be recovered.
Uniswap Introduces Fee for Swaps
Starting from October 17th, Uniswap Labs will implement a 0.15% fee on swaps conducted via their web app and wallet. This fee applies to ETH, USDC, WETH, USDT, DAI, WBTC, agEUR, GUSD, LUSD, EUROC, and XSGD.