Cryptocurrency News
Tether to wind down the Alloy project and the aUSDT token
On June 17 Tether announced the phased closure of Alloy by Tether and aUSDT — a dollar asset over-collateralized with the Tether Gold (XAUt) token. The first phase has already started: immediately after the interface update, users will no longer be able to open new positions and mint new aUSDT. Existing clients were given three months to return aUSDT and withdraw the collateral in…
Bitcoin fell below $64,000 after the Fed meeting
The price of the first cryptocurrency dropped below $64,000. The digital asset market reacted with a decline to the results of the first Fed meeting under the leadership of Kevin Warsh. The hourly BTC/USDT chart of the Binance exchange.
Altcoin selling reached a five-year high
Seller pressure on the altcoin market reached its highest level in the past five years. The cumulative excess of sells over buys on centralized exchanges approached $209 billion. This is the worst figure since observations began in 2020, analysts at the CryptoQuant platform reported. The analysts drew attention to the dynamics of the Cumulative Buy/Sell Volume indicator…
U.S. senators spoke out against pardoning Bankman-Fried
Senators Cynthia Lummis and Ruben Gallego submitted a joint resolution for consideration. The document is directed against a possible presidential pardon of Sam Bankman-Fried. Recall that the FTX exchange founder is currently in prison and actively trying to get his sentence reduced. The document prepared by the politicians has no direct legal force and cannot…
Arthur Hayes rejected accusations of market manipulation
BitMEX crypto derivatives exchange co-founder Arthur Hayes tried to refute the accusations of the anonymous blockchain detective ZachXBT. The sleuth claimed that the businessman deliberately inflated interest in the cryptocurrencies Zcash, NEAR, and Hyperliquid before selling — as a result of which Hayes's followers suffered large losses. In an interview with Cointelegraph…
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