On May 3, an unidentified address burned 405m TUSD, equating to 16.2% of the stablecoin’s $2.51b reserves, on Tron (TRX). The incident was a source of curiosity across the board. Here’s an analysis of this transfer, the community’s response, and potential ramifications for...
The US Federal Deposit Insurance Corporation (FDIC) is looking to make another attempt at auctioning assets of collapsed Silicon Valley Bank (SVB) after failing to find a buyer the first time. According to the Wall Street Journal, the FDIC informed Senate Republicans that...