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04 May 23

Whale burns $405m TUSD, critics suspect price manipulation attempt

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied On May 3, an unidentified address burned 405m TUSD, equating to 16.2% of the stablecoin’s $2.51b reserves, on Tron (TRX). The incident was a source of curiosity across the board. Here’s an analysis of this transfer, the community’s response, and potential […]

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14 Mar 23

FDIC plans second SVB auction after first failed attempt

The US Federal Deposit Insurance Corporation (FDIC) is looking to make another attempt at auctioning assets of collapsed Silicon Valley Bank (SVB) after failing to find a buyer the first time. According to the Wall Street Journal, the FDIC informed Senate Republicans that the 9agency had more flexibility to sell SVB’s assets after regulators labeled […]