Citadel Securities says it has nothing to do with the de-anchoring of its stablecoin UST

Citadel Securities stated in response to court documents submitted by Terraform Labs earlier this month that it has nothing to do with the decoupling of the stablecoin UST in 2022. In refuting Terra's motion to compel, Citadel claimed that Terra was attempting to "shift" the accusation of colluding with Jump Trading to "boost asset prices" and force an absurd conspiracy theory. Citadel requested that the court dismiss Terraform's motion to compel, stating that it only participated in two test trades with a total value of approximately $0.13 and therefore did not cause the decoupling.

Terra

Comments

All Comments

Recommended for you

Cointime May 12 News Express

1.The number of Bittensor subnets for the AI project will increase to 64, and 1024 subnets will be achieved this year2.Trader predicts Bitcoin price will reach $350,0003.vladilena.eth redeemed 1930 weETH from Zircult, suspected of selling4.Solana’s on-chain DEX transaction volume yesterday exceeded the sum of five chains including Ethereum, BSC, and Arbitrum5.RSS3 VSL locked-in amount surged in the past two days and is close to 200 million US dollars 6.The transaction volume of Club Key on friend.tech platform exceeded 1 million7.Lido has paid out more than 516,000 ETH in staking rewards, equivalent to approximately $1.51 billion8.1,000 BTC transferred from TronDAO to an unknown new wallet9.Report: Justin Sun deposited 120,000 eETH into Swell L2, worth $376 million10.1707.36 BTC have flowed out of Binance in the past 7 days
cointelegraph ·

Interpol Nigeria boosts cybersecurity with virtual asset training

The training will enable officers to effectively address cybercrimes involving virtual assets, particularly stablecoins.
cointelegraph ·

JPMorgan’s Onyx to industrialize blockchain PoCs from Project Guardian

Traditional firms like JPMorgan and WisdomTree are seeking to turn Project Guardian’s blockchain proofs-of-concept into scalable financial products.
cointelegraph ·

Franklin Templeton CEO says all ETFs and mutual funds will be on blockchain

She also warned that generative artificial intelligence was like the “kid that got an ‘F’ in math.”
cointelegraph ·

OKX Ventures invests in Web3 ‘play ARPG to train AI’ game Blade of God X

The game is currently available in early access on the Epic Games Store.
cointelegraph ·

Bitcoin volatility plunges below Tesla, Nvidia stocks amid $100K price prediction

Lower Bitcoin market volatility often precedes significant bull runs, suggesting that the current trend could propel prices toward the $100,000 to $150,000 range.
Cointime精选 ·

State of Venus Q1 2024

Venus (XVS) is a decentralized finance platform built on the BNB chain, offering a robust money market protocol for the crypto community. At its core, Venus enables users to deposit various cryptoassets, which can then be borrowed. Venus employs a unique algorithmic approach unlike traditional financial systems, where central entities often set interest rates. The interest rates for borrowing and lending on Venus are dynamically adjusted based on a jump rate model and whitepaper rate model. These models leverage the utilization ratio, which is the proportion of deposited assets that have been borrowed.
Cointime精选 ·

State of Aptos Q1 2024

Aptos (APT) is a Layer-1 blockchain designed around the core tenets of scalability, safety, reliability, and upgradeability. Aptos was born out of Meta’s Diem and Novi projects, eventually launching in October 2022. Core developer Aptos Labs raised about $400 million in two 2022 private investor rounds.
Chainlink ·

How To Get Polygon Amoy Testnet MATIC and LINK Tokens

Polygon Amoy is a testnet that allows developers to deploy, test, and optimize their smart contracts before deploying them on mainnet. This enables them to get their dApp user-ready without having to pay for gas on mainnet. Instead, they can power transactions with free testnet MATIC.
Fed's Kashkari: The bar for another rate hike is high, but it cannot be ruled out

The Federal Reserve's Kashkari expressed a cautious attitude towards restrictive monetary policy; he is adopting a wait-and-see attitude towards future monetary policy; he is in a wait-and-see state to see if inflation is stagnating; the threshold for raising interest rates again is high, but this possibility cannot be ruled out; if inflation data supports it, the Fed will maintain interest rates.