A PEPE whale has offloaded over 723 billion tokens, converting them to the DeFi stablecoin DAI, signaling a lack of confidence in the asset.

Tron founder Justin Sun has announced a $50 million bounty for information to help recover $456 million in misappropriated Trueusd stablecoin reserves. Sun Blames Licensed Intermediaries Tron founder Justin Sun has announced a $50 million bounty for information that will aid in the recovery of $456 million in misappropriated Trueusd stablecoin reserves.

As the First Digital Trust saga deepens, Tron founder Justin Sun has announced plans to launch a bounty program. The outspoken founder says the bounty will seek to recover misappropriated TUSD reserves while casting blame on First Digital Trust.

Justin Sun is offering $50M bounty for information and evidence that First Digital Trust has diverted funds and has insufficient backing for its stablecoin, FDUSD. Previously, Sun supported TUSD with a loan, after its issuer Techteryx lacked $456M in liquidity to back up the stablecoin.

Recently, Tron founder Justin Sun stepped in with emergency funding for TrueUSD (TUSD) after its issuer, Techteryx, faced a $456 million liquidity crisis due to illiquid investments. Though Sun claimed he was just an advisor and not directly involved with TrueUSD, he provided crucial financial support during the crisis.

Sun said at a press conference that the current laws contain systemic loopholes.

Justin Sun provided emergency funding to TrueUSD after $456 million in reserves were allegedly misappropriated that caused a major liquidity crisis.

Tron founder Justin Sun provided emergency funding to stabilize TrueUSD after its issuer faced a $456 million liquidity crisis due to illiquid investments, ensuring continued redemptions for users amidst allegations of mismanagement. The post Tron Founder Justin Sun Provides Emergency Funding to Stabilize TUSD Amid Reserve Crisis appeared first on Cryptonews.

According to a Hong Kong court filings, Justin Sun stepped in to bail out Techteryx's TrueUSD (TUSD) stablecoin after it saw nearly half a billion dollars of its reserves rendered illiquid. The issue started after Techteryx acquired TrueUSD from TrueCoin in December 2020.

Justin Sun, the founder of Tron, stepped in to provide crucial financial support to TrueUSD (TUSD) following a $456 million reserve crisis that left the stablecoin's reserves in a state of limbo. According to court documents filed in Hong Kong, a series of financial missteps and unauthorized investments by TUSD's fiduciary led to a significant

Tron founder Justin Sun has publicly declared that First Digital Trust, a Hong Kong-based fiduciary, is insolvent and unable to fulfill client fund redemptions.

The incident highlights vulnerabilities in stablecoin reserve management, emphasizing the need for stricter oversight and transparency in the sector. The post Justin Sun quietly rescues TUSD after $456 million reserves become illiquid appeared first on Crypto Briefing.

Techteryx says it was the victim of what it called "large-scale fraud" rendering TUSD's stablecoin reserves stuck in illiquid investments made without its permission

The breach adds to growing concerns about security in the crypto space, especially after a record-breaking February 2025 that saw more than $1.5 billion stolen in multiple high-profile hacks. The post RWA Restaking Protocol Zoth Suffers $8.4M Exploit, Attacker Converts Funds to DAI appeared first on Cryptonews.

Vitalik Buterin once again liquidated meme token holdings from his wallet. One of the biggest sales was for Dohrnii (DHN), a token that Buterin sold after 47 days of holding.

Vitalik Buterin, the co-founder of Ethereum, has recently made notable moves in the cryptocurrency space, according to data from OnchainLens. He minted 315,382 DAI, a popular stablecoin, and also sold several meme tokens for a total of 71.69 ETH, which at the time was worth approximately $136,684. Among the tokens he sold were: 146.

The Italian Minister of Economy and Finance wrote it in black and white.

As Europe prepares for a heavy enforcement of the Markets in Crypto Assets (MiCA) law, crypto exchanges are moving to ensure compliance. Binance, the biggest crypto exchange by market cap, has announced plans to delist stablecoins for European users.

EU customers can convert their holding MiCA-compliant alternatives like USDC ahead of deadline.

TL;DR Binance Delisting: Binance will delist several non-MiCA-compliant stablecoins (including USDT, DAI, TUSD, and USDP) in the EEA by March 31 to comply with EU MiCA regulations. Service Impact: Spot and margin trading pairs involving these stablecoins will be restricted, with limited effects on holding, conversion, and withdrawals.

Binance, one of the world's largest cryptocurrency exchanges, has announced plans to delist nine stablecoins in Europe by March 31 to comply with new European Union regulations. While users in the EEA will no longer be able to trade these stablecoins, Binance will continue to offer custody and conversion services.

Addresses linked to the Bybit exploit swapped millions worth of ETH for DAI using DEXs, with portions sent to eXch, the exchange at the center of controversy for refusing to freeze funds.

According to emails shared with European users, Crypto.com will delist several prominent cryptocurrencies, including Tether's USDT, Wrapped Bitcoin (WBTC), and DAI, by January 31, 2025.

Ripple's RLUSD appears set to take on industry leaders in the stablecoin space. Since its official launch on Dec. 17, 2024, RLUSD has gained traction among cryptocurrency traders.

TL;DR Ethena surpasses DAI and reaches a $6 billion market capitalization with its stablecoin USDe, standing out in the sector. The integration of sUSDe into Aave drives over $1 billion in inflows in just a few weeks, attracting large investors. Ethena launches USDtb, a stablecoin backed by U.S.

Ethena's USDe stablecoin recently surpassed Sky's Dai in market capitalization to become the third-largest stablecoin.

The CeDeFi stablecoin has attracted billions of inflows due to double-digit staking yields.

Ethena Labs is going through the most rapid expansion of the USDe supply in its history, boosted by bullish crypto sentiment.

Bitcoin-backed stablecoin USDa currently ranks second among the largest CDP projects, trailing only behind MakerDAO's DAI. The stablecoin issued by Avalon Labs has a total value locked (TVL) of $729 million and a borrow-supply ratio of 48%.

Ethereum Foundation (EF), a major non-profit organization dedicated to the long-term development of the Ethereum network, has continued with its Eth selling strategy. As a major grant source on the Ethereum network, the EF often engages in Ether selling for stablecoins to pay employees and services approved by the core team.

Sky co-founder Rune Christensen told Decrypt that Solana support "marks the beginning of a new multi-chain era for USDS."

The Ethereum Foundation sold 100 ETH for DAI, marking its first ETH sale since releasing its annual report. The sale is part of the foundation's strategy to fund public projects and maintain its financial reserves.

The Ethereum Foundation makes another DAI purchase by offloading 100 ETH on Nov. 12. This is the first time the protocol has sold ETH since releasing its annual report.

The SEC has settled the allegations and ordered a combined penalty of $700,000. The lawsuit was filed at the U.S. District Court for the Northern District of California.

TrustToken and TrueCoin, the entities behind the TrueUSD (TUSD) stablecoin, last week reached a settlement with the US Securities and Exchange Commission (SEC) over allegations of fraudulent and unregistered sales of investment contracts. The companies have agreed to pay a combined total of $700,000 in penalties and disgorgement without admitting or denying the SEC's findings.

The SEC accused TrustToken and TrueCoin of investing 99% of the reserves backing TUSD in a risky fund with redemption issues.

The SEC settled charges against TrueCoin and TrustToken for fraudulently marketing the TrueUSD stablecoin as fully backed by U.S. dollars.

Federal securities regulators have reached an agreement with TrueUSD (TUSD) issuer TrueCoin and lending protocol operator TrustToken to settle charges for the alleged and fraudulent sale of unregistered investment contracts.

Curve Finance proposed the complete removal of TUSD from the crvUSD ecosystem after the US SEC charged TrueCoin with investor fraud. In addition, the DEX proposed reducing the overreliance on PayPal's pyUSD as collateral.

The proposal suggests reducing TUSD's collateral backing to zero, effectively ending its support for crvUSD if approved.

TL;DR Proposal to Remove TUSD: Curve Finance is considering removing TrueUSD (TUSD) from crvUSD's collateral due to regulatory issues and concerns about TUSD's stability. Limiting PYUSD: The proposal also suggests reducing the minting capacity of crvUSD with PayPal's PYUSD from $15 million to $5 million to diversify and secure the collateral portfolio.

Curve Finance's potential removal of TUSD as collateral underscores the DeFi sector's need for robust risk management and regulatory adaptability. The post Curve Finance considers dropping TrueUSD from crvUSD collateral appeared first on Crypto Briefing.

“crvUSD is overexposed to minor stablecoins, especially TUSD which has a dubious track record and has recently been charged by the SEC with defrauding investors,” the proposer wrote.

DEX Curve Finance is assessing a proposal to lessen its dependence on TUSD stablecoin after the US SEC dropped charges against issuers Truecoin and Trusttoken. The regulator alleged that the entities violated securities policies by using risky offshore funds to back 99% of TrueUSD's reserves, raising worries about the crvUSD's stability.

TrueCoin and TrustToken, the companies responsible for the TrueUSD (TUSD) stablecoin, have reached a settlement with the Securities and Exchange Commission (SEC) following allegations of misconduct.

Curve Finance is evaluating a proposal to reduce its reliance on the stablecoin TUSD following the resolution of U.S. Securities and Exchange Commission (SEC) charges against Trusttoken Inc. and Truecoin LLC, the companies behind the dollar-pegged token.

The regulator alleged TUSD was 99% backed by a risky offshore fund, raising concerns about using TUSD to back Curve's stablecoin.

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