US dollar
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What is btcz (btc.)?
What is btcz? Bitcny (btcz) is a type of digital currency. The Bitcoin Cash blo
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Bitcoin and Ethereum weaken after four consecutive months of gains
According to reports, after experiencing four consecutive months of gains, Bitcoin weakened on the first day of May. As of press release, Bitcoin fell 2.52% to $28608 per piece. Th
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BitMEX co creation: Multiple currency groups will emerge in the future but will not reach the “dominant” position of the US dollar
According to reports, Arthur Hayes, co-founder of BitMEX, published an article titled \”Exit Liquidity\”, exploring the global economy and role of the US dollar, as well as how its s
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A Deep Dive into the USDC Treasury’s Recent Destruction of $101 Million Worth of Tokens
On April 21st, according to WhaleAlert monitoring, at 2:15:23 Beijing time, 3101062793 USDCs (worth approximately $101179481) were destroyed in the USDC Treasury.
USDC Treasury des -
Understanding the Recent Dip in International Crude Oil Futures
According to reports, the settlement price of international crude oil futures has dropped by about 2%. WTI May crude oil futures closed down $1.69, or 2.05%, at $80.83 per barrel.
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Tether Clarifies Relationship with Banks and Announces Profit Increase in Q1
On April 5th, Tether reiterated in an official post that the company had not been in contact with Silvergate, SVB, and SignatureBank, while expressing its dissatisfaction with Bloo
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The Rise of RMB as the Next Global Currency
According to reports, the head of the Hungarian Central Bank, Mao Torci Jierji, stated at the \”Financial Infrastructure and Financial Services in the Digital Era\” roundtable at the
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Understanding the United States’ War on Cryptocurrencies
On March 28th, Stefan Rust, CEO of Trufusion, an inflation data aggregator, said that the United States seemed intent on \”killing\” cryptocurrencies. According to him, it is mainly
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Paxos destroyed 119.9 million BUSDs
On March 27, according to Whale Alert monitoring, Paxos Treasury destroyed 119900000 BUSDs on the Ethereum network at 21:41:23.
Paxos destroyed 119.9 million BUSDs
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Former CTO of Coinbase: I hope Bitcoin will take over as the global reserve currency
According to reports, Balaji Srinivasan, a former CTO of Coinbase, wrote on social media that perhaps historical experience has taught us that in times of excessive pressure, inves
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Tether is Set to Achieve Excess Reserves of $1.66 Billion by Q1 of 2023
On March 24th, Tether\’s Chief Technology Officer, Paolo Ardoino, said that Tether would achieve a profit of $700 million in the first quarter of 2023, bringing its excess reserves
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Can Bitcoin Save Us Now? The Rise of Cryptocurrency and the Fall of the US Dollar
On March 21st, Sean Lennon, the son of Beatles legend John Lennon, wrote that only Bitcoin can save us now. This view is in response to a post comparing the US dollar to an old sys
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Market Turbulence Leads to Calls for Urgent Stable Currency Legislation
It is reported that the market turbulence caused by the collapse of the Silicon Valley Bank briefly led to the breaking of the link between the USDC stable currency of Circle and the US dollar. In response, the management team of the stable currency issuer has called on the US Congress to urgently pass the stable currency legislation. In an interview with Jennifer Schonberger of Yahoo Finance, Maxine Waters, chairman of the House Financial Services Committee, said that the legislation might be passed in a few days, and suggested that the delay was due to the fear of which party would control the House of Representatives. US Congressman: The US may pass the stable currency legislation in a few days Analysis based on this information:The recent collapse of the Silicon Valley Bank caused a brief disruption in the stability of the USDC stable currency, leading to calls for urgent legislation to mitigate market turbulence. The management team of Circle, the…
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Disengagement of USDC and DAI from US Dollar Triggers Loan Repayment Frenzy
On March 14, the news that USDC and DAI had recently disengaged from the US dollar triggered a frenzy of loan repayment last weekend, which saved debtors more than US $100 million in loans. Report: The debtor repaid the loan during the period of stable currency anchoring, saving more than US $100 million Analysis based on this information:The news that USDC and DAI had recently disengaged from the US dollar triggered a frenzy of loan repayment last weekend, which saved debtors more than US $100 million in loans. This development could be interpreted in a number of ways depending on one’s perspective. For those who have been following the USDC and DAI story, this could be seen as a positive development. USDC and DAI are two prominent cryptocurrencies that are pegged to the US dollar. They are essentially stablecoins that are designed to maintain a 1:1 ratio with the US dollar. However, their recent disengagement from the US dollar has…
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Bank of Silicon Valley Event Affects Federal Reserve’s Interest Rates Expectations
It is reported that the Bank of Silicon Valley event weakened the expectations of the Federal Reserve to raise interest rates, and the December contract of the United States federal funds futures jumped 20 basis points to 95.26. The US dollar index fell 30 points in the short term to 104.03, and the decline of the US dollar against the yen USD/JPY widened to 1%. Spot gold continued to rise, hitting $1890/ounce upwards, rising 1.25% in the day. Nasdaq futures rose to 1%. BTC once exceeded US $22000. The Bank Event in Silicon Valley Weakens the Fed’s Interest Rate Increase Expectation Analysis based on this information:The recent Bank of Silicon Valley event has generated significant impact on the financial markets, especially in terms of the expectations of the Federal Reserve to increase interest rates. The December contract of the United States federal funds futures has shot up by 20 basis points to 95.26, signaling a decline in the hopes of…
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USDC Continues to Anchor as a Stable Currency Despite Market Fluctuations
It is reported that the US dollar stable currency (USDC) has continued to expand its anchoring status. According to CoinGecko data, the current USDC has dropped
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Strong Labor and Inflation Report Threatens Credibility of Central Bank
It is reported that Athanasios Vamvakidis, the G-10 monetary strategy director of Bank of America, said that the strong labor and inflation report is strengthen
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BCB Group’s New Plan to Add Dollar Functions in Response to Silvergate Exchange Network Closure
According to reports, Oliver von Landsberg-Sadie, CEO of BCB Group, said that the company was speeding up its plan to add dollar functions to help fill the loo…
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Cryptocurrency Industry May Move Away from USD-Based Stablecoins
According to reports, CZ said in the official Twitter Space of Binance that after the US regulatory crackdown, the cryptocurrency industry may move away from t…
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US Dollar Stable Currency Market Share Shifts to USDT
According to the report, the data shows that the total market value of the US dollar stable currency is US $138.5 billion at present, with USDT accounting for …