Tether expects to reduce USDT’s commercial paper backing to $8.4 billion by the end of June 2022 and eventually completely remove it.
ETH price has stalled around the $1,100 level, but several data points suggest the altcoin’s sell-off is far from complete.
The two entities seek to enhance the integration of innovative Web 3.0 technologies in everyday use.
CEL price abruptly rallied 600%+ on June 14, but analysts say it’s likely due to an exchange glitch or a liquidation of short traders.
Prices quickly recovered after developers determined that a technical API issue, not a security breach, catalyzed the heavy sell-off.
Carnage for short-term traders and speculators as volatility destroys both long and short positions on the way to $20,000.
“Like a hammer wanting everything to be a nail, the SEC is keeping everything murky so it can argue every crypto is a security,” claims Ripple general counsel Stu Alderoty.
What goes up must come down. And then go up again. Then come down again. And on and on and on...
Bitcoin and altcoins are seeing heavy selling as June 13’s massive unwinding could be the final capitulation-level event before the market finally hits a bottom.
Optimism has garnered interest from the most influential figures in the crypto Industry like Vitalik Buterin.