Altcoin News

Trading volumes in the TrueUSD (TUSD) stablecoin surged over the course of the week, with 24-hour trading volumes surpassing $1 billion for most of Thursday and Friday, up from daily TUSD earlier this month, according to CoinGecko data. Transaction volumes were mostly below $100 million.

According to data from Binance, the BTC/TUSD trading pair on Binance alone has seen $713 million in trading volume over the past 24 hours.

As previously reported, earlier this week, Binance phased out the zero-fee offer for buying and selling Bitcoin for multiple tokens, leaving only a zero-fee promotion for the TUSD stablecoin, which boosted TUSD’s trading activity.

Musk asked a U.S. judge on March 31 to dismiss a $258 billion lawsuit. Musk’s lawyers said investors never explained how Musk intended to deceive others and how he concealed risks.

It is not illegal to tweet supportive remarks or funny pictures about a legitimate cryptocurrency, the lawyers said.

Last June, a Dogecoin investor filed a lawsuit against Musk, his Tesla and Space Exploration Technologies for $258 billion. Dogecoin was originally created as a joke, but its price has seen wild swings at Musk’s prodding.

On March 30, according to the official announcement, after Radiant Capital (RDNT) was listed on Binance Innovation Zone, many users recharged Radiant Capital (RDNT) on Binance through the old smart contract address.

Therefore, Binance will support swapping from the old Radiant Capital (RDNT) to the new Radiant Capital (RDNT) token. All Radiant Capital (RDNT) tokens deposited through the old smart contract address will be recorded as RDNTOLD in Binance users’ accounts.

Users who hold RDNTOLD can exchange for RDNT at a ratio of 1:1 through the flash exchange platform from March 31, 2023.

According to official data, from March 17 to March 24, Circle issued a total of USD 500 million in USDC and redeemed USD 2.6 billion in USDC, reducing circulation by approximately USD 2.1 billion.

As of March 17, the total circulation of USDC was 34.6 billion US dollars, and the reserve was 34.6 billion US dollars, including 5.6 billion US dollars in cash and 29 billion US dollars in short-term US treasury bonds.

According to Lookonchain statistics, the top five whale buyers of ARB on the chain purchased a total of more than 13 million ARB at a unit price of 1.28 to 1.38 US dollars. Among them, addresses starting with l0xb154 purchased 4.94 million ARB with 3,700 ETH (6.79 million US dollars) , and the purchase price is $1.38.

The address starting with 0xb0fc7 purchased 2.74 million ARBs with 3.52 million USDC at a unit price of $1.28. This address has earned $1.77 million in transaction fees by providing liquidity for ARB on Uniswap.

In addition, addresses beginning with 0x139e3 purchased 2.61 million ARBs with 3.56 million USDC and USDT at a unit price of $1.36; addresses beginning with 0xf53fe purchased 1.53 million ARBs with 1.95 million USDC at a unit price of $1.28. The address starting with 0xa161a purchased 1.49 million ARBs with 1.99 million USDC at a unit price of 1.33 USD.

According to news on March 23, in the past 7 days, the price of the dead old project ARbit (ARB) rose from 0.00024 US dollars to 0.027 US dollars, an increase of up to 100 times.

Today, the ARbit (ARB) price has retreated to $0.016 with a 24-hour trading volume of just $8977. The price of ARbit (ARB) has skyrocketed, suspected to be because some traders mistook it for the token of Arbitrum (ARB).

According to the official website, ARbit (ARB), a cryptocurrency used in the AR (Augmented Reality) industry, was launched in 2015. It has not made any noise in the past 8 years and has long been considered a dead project.

On March 23rd, the Starknet Early Adopter Grants Committee launched the first round of EAG token grants today.

The committee is authorized to operate until June 30, 2023. The committee budget is 1 million STRK tokens, which will be distributed to project parties through multiple rounds. At present, project applications are open for the first round of funding activities. The deadline for applications is April 5, and the committee will make decisions on April 13, 2023.

Starknet stated that this round of funding is mainly aimed at applications deployed on the Starknet mainnet or one of the testnets before April 5th. The foundation will use other channels to fund off-chain infrastructure that contributes to the ecosystem (such as building developer tools) or the Cairo library).

As previously reported, the Starknet Foundation appointed five committees, including a provision committee responsible for planning the supply of STRK. The Early Adopter Grants Council is dedicated to fostering the growth of the Starknet ecosystem by providing grants to innovative teams building on-chain applications on Starknet.

Data shows that at least $5 billion has flowed into USDT in the past few weeks, and its market capitalization has exceeded $77 billion so far.

Cluzeau said that we have seen a lot of USDC and DAI being traded into USDT, which keeps USDT liquid. Mitya Argunov, chief product officer at, said that USDC’s systemic risk impacts the DAI stablecoin, further strengthening the argument that tether holds multiple assets to back its stablecoin.

Tether’s performance during the crisis was largely due to the fact that it had no direct exposure to SVB, it just had no deposits there. Other major stablecoins, such as DAI, were also indirectly exposed and unpegged, as they were actually mostly collateralized by USDC.

March 22 news, according to data analysis platform X-explore research, Arbitrum’s anti-sybil rules in this airdrop caused a “major loophole”, resulting in approximately 150,000 Sybil (sybil) addresses and at least 4,000 Sybil communities profiting More than 253 million tokens, accounting for 21.8% of the total airdrop volume.

According to X-explore speculation, Arbitrum’s rules are: exclude cross-chain bridges, centralized exchanges, and smart contracts when detecting Sybil; use relatively tolerant detection for small-scale, same-person addresses; only snapshots (February 6, 2023 ) before for Sybil detection.

Only data from Arbitrum and Ethereum were used for Sybil detection, while data from other Ethereum 2 layers such as Optimism and Polygon were ignored.

These Sybil detection rules will cause major loopholes. According to the above rules, X-explore detects witch address data through the internal same-person address/Sybil address recognition model.

According to official news, the Opendao team announced that it will soon release a new project AI Dao Nerwork, the token AOS$, with a total of 10 billion pieces. 10000:1 to receive AOS airdrop after block snapshot.

AI DAO Network is a decentralized financial protocol based on Openai (Chatgpt), dedicated to opening up a bridge between artificial intelligence AI and the encryption world.