The USDT stablecoin issuer Tether denies any correlation between its investment in Celsius and its reserves or stability.
Analytics platform Nansen showed that one of the funds that capitalized on the UST depeg has started to transfer large amounts of USDD.
Litecoin’s MWEB upgrade that makes transactions confidential comes at a time when the majority of the crypto exchanges are implementing strict KYC and AML guidelines.
Bitcoin managed to bounce off a critical support and if the higher levels sustain, FTT, XTZ, KCS and HNT could attract buyers.
Bitcoin threatens its lowest weekly close since late 2020 as low weekend liquidity exacerbates existing weakness.
The rumor surfaced after a Twitter thread by @FatManTerra shared the alleged details on how Kwon, along with Terra influencers, managed to drain funds while artificially maintaining the liquidity.
The main problem that led to the fall of Terra was that the reserves appeared to be overcollateralized, but in reality, they weren’t.
An improving Tether discount in Asian markets and positive futures premiums for BTC and ETH suggest a slight recovery is in the making.