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Synthetix's sUSD stablecoin slips below dollar peg to $0.96 amid sell-off
Synthetix's sUSD stablecoin slips below dollar peg to $0.96 amid sell-off

Synthetix’s decentralized stablecoin, sUSD, fell below its $1 peg — reaching as low as $0.92 due to increased selling on decentralized exchanges. The price later recovered slightly to $0.96. Chaos Labs identified that the de-pegging was triggered by a major liquidity provider withdrawing from the sBTC/wBTC liquidity pool on the Curve.

The Block·2024/05/17 11:28
Bitcoin holds above $66,000 despite global stock downturn
Bitcoin holds above $66,000 despite global stock downturn

Bitcoin is holding above the $66,000 mark, despite a downturn in Asian and European stocks, and U.S. stock futures.

The Block·2024/05/17 11:19
LINK Explodes 18% Daily, BTC Maintains $66K as Bitcoin ETF Inflows Continue (Market Watch)
LINK Explodes 18% Daily, BTC Maintains $66K as Bitcoin ETF Inflows Continue (Market Watch)

Aside from LINK, the other notable gainers are AVAX, ADA, ICP, and HBAR.

Cryptopotato·2024/05/17 09:07
Fantom TVL exceeds $200 million
Fantom TVL exceeds $200 million

Cointime·2024/05/17 07:58
Flash
  • 02:00
    RootData: In the past 24 hours, DRIFT led the rise in the Solana sector, with AMU ranking second in terms of increase
    ChainCatcher news, according to the Web3 asset data platform RootData, in the past 24 hours, DRIFT led the Solana sector with an increase of 15.23%, and AMU ranked second with an increase of 4.08%. The specific rankings are as follows: 1.DRIFT; 2.AMU ; 3.HBB; 4.WHALES; 5.SNS; 6.NEON.
  • 01:42
    Gearbox: GEAR has almost reached a state of full practical circulation
    The decentralized leverage protocol Gearbox announced in a post on X that GEAR has almost entered a fully practical circulation state, with the freely circulating volume reaching its maximum. This is because 40% of the token shares are within the DAO and do not belong to anyone. They will only be used for various donation and funding programs at an annual rate of 3%, which is even lower than the common staking inflation rate of Layer1.
  • 01:38
    Since their listing, 10 U.S. spot Bitcoin ETFs have accumulated approximately 548,556 BTC, valued at over 36 billion U.S. dollars
    ChainCatcher reports that since its launch in January 2024, the ten new Bitcoin spot ETFs in the United States have accumulated 548,556.62 BTC, worth $36.71 billion. In addition, Grayscale's GBTC currently holds 288,954.39 BTC. These eleven funds (GBTC, IBIT, FBTC, ARKB, BITB, HODL,BRRR,BTCO,BTCW and DEFI) hold a total of 837511.01 BTC valued at $56.05 billion which is equivalent to 4.25% of the current circulating supply of 19.7 million BTC. Excluding GBTC , BlackRock's IBIT leads with holdings of 27619003 BTC followed by Fidelity's FBTC holding15677230BTC . As of May19th2024 Ark Invest and21share’sARKB collectively held47230BTC while BitwiseBITB held3574904BTC.VanEckHODL ranks fifth excluding GBTC with958763BTC. Valkyrie BRRR holds856129BTC while Mirae Asset’sBT COholds6977BTC.Franklin Templeton’sEZBC follows closely behind with6148BTCwhile Wisdomtree’sBT CW has approximately116302.BT C.Hashdex Spot Bitcoin ETFDEFI has the least holdings at1783.BT C. Apart from US spot bitcoin ETFs three Hong Kong-based spot bitcoin ETFs have bought a total40636.BT Cwith ChinaAMC holding1950BT CHashkey Fundholding1119BT Cand HarvestFundholding9946.BT C.