The price of the USDC/USDT trading pair on Binance continued to rise, and has currently reached $1.0034, a high since June 13, 2022. In fact, USDT fell by 0.3%. USDT accounted for 73.79% of Curve 3pool, DAI accounted for 13.05%, and USDC accounted for 13.16%. Users exchange USDT for other stable coins.

In Aave V2, the USDT lending rate has soared, among which the deposit rate has soared by more than 20%, and the loan rate has soared by more than 30%. Some large households have lent USDT on Aave and sold it on DEX such as Curve.

czsamsun.eth borrowed 31.5 million USDT from Aave V2 by using 17,000 ETH and 14,000 stETH as collateral, then exchanged all the borrowed USDT into USDC on 1inch. Afterwards, the borrower deposited 10 million USDC and 21 million USDC to V2 and V3 respectively. Then, the borrower borrowed 12 million USDT from V3 and deposited it into V2. Twenty minutes after czsamsun.eth borrowed USDT, another address (0xd2...0701) mortgaged 52,200 stETH through Aave V2 and borrowed 50 million USDC, using USDC>USDT de-peg, with a few million USDC converts USDC from Curve to USDT in batches at a time, and each operation can obtain an additional 1000-8000 USDT.

a thread on RabbitX, a perp DEX on Starknet with instant settlement and 0 gas

40% allocation to team & investors tho..

https://twitter.com/defimastersun/status/1666807475973267458?s=21&t=kt3U-xn0pQZJc034Ku3NmQ

in Nansen’s latest report on CEXs:

• CEXs have shifted focus from expansion to financial solvency and security after FTX’s collapse.
• Audits, proof of reserves and protection funds have become crucial for user trust and transparency.
• Though trading volumes have generally fallen, Kraken and Bybit have seen an increase in spot trading and Bitget in derivatives trading.

https://www.theblock.co/post/234857/kraken-bybit-and-bitget-make-gains-following-ftx-collapse-nansen?utm_source=news.xml&utm_medium=rss

some L0 airdrop farming bridges that I've used:

https://theaptosbridge.com/
https://stargate.finance/transfer
https://bridge.level.finance/
https://bridge.pepe.vip/
https://bridge.mummy.finance/#/bridge
https://app.abracadabra.money/#/beam
https://l2telegraph.xyz/bridgenft.html
https://l2telegraph.xyz/bridgenftZkEVM.html
https://testnet.cashmere.exchange/swap
https://game.defikingdoms.com/#/ (serendale)

what i think i'm lacking:
https://bitcoinbridge.network/bridge

if you know of more that I missed out lmk!

if you remember this

back in 12 may 2022 a whale sold 520m USDT for just 130m USDC during the usdt depeg panic

usdt eventually restored peg after awhile

i think what we're seeing here is something similar, whales playing w the peg and playing on the fear and irrationality of retail

we'll be fine

https://twitter.com/digitsu/status/1524607681771626496?s=20

ayo what

JUST IN: Major Hacker Groups Announce Plan to Cripple Western Financial System in 48 Hours: Targets Include 🇺🇸 US and 🇪🇺 European Banks, SWIFT, and Federal Reserve — MASH.

https://twitter.com/coingraphnews/status/1669269590059151361?s=21&t=3S55M8JFKRP9bsfNJOrr8A

JUST IN: $9 trillion asset manager BlackRock to file for Bitcoin ETF, CoinDesk reports.

@WatcherGuru

JUST IN: $9 trillion asset manager BlackRock officially files for spot Bitcoin ETF.

@WatcherGuru

great thread on the recent spot ETF filing and how it’s different from the previous future ETF filings

future ETFs have “drag” and hence negative carry which makes it unpopular

if the spot ETF is approved then..

https://twitter.com/thiccythot_/status/1669582449259495424?s=21&t=jtg7fhyh_ETCzXYjNZWNqw

seems like in 2021 VanEcks’ spot BTC filing rejection marked the top before nuking

same same this time (…?)

https://twitter.com/darkcryptolord/status/1669569395939753985?s=21&t=e8qd5i4dqT_Yf9VBTdOedA

Frax Finance to launch Ethereum Layer 2 named Fraxchain — link

minted EigenLayer’s NFT

free mint

https://zora.co/collect/eth:0x36b73d268a441164ea0e4e5560a579573a475ebf