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Venezuela plans to speed up USDT adoption following US sanctions: Reuters
Venezuela plans to speed up USDT adoption following US sanctions: Reuters

Venezuela’s state-run oil company PDVSA is increasingly using USDT in oil transactions to avoid U.S. sanctions, Reuters reported. Due to issues with trade compliance rules, USDT trades in oil rely on working with middlemen, a source told Reuters.

The Block·2024/04/23 03:58
Ripple files opposition to SEC's proposed $2 billion in fines, calling it 'evidence of its ongoing intimidation'
Ripple files opposition to SEC's proposed $2 billion in fines, calling it 'evidence of its ongoing intimidation'

Quick Take Ripple Labs said it should pay closer to $10 million in fines compared to the proposed $2 billion lodged by the SEC last month. Ripple Chief Legal Officer Stuart Alderoty said the SEC’s request was evidence of “its ongoing intimidation” against crypto.

The Block·2024/04/23 02:43
BlackRock's spot bitcoin ETF joins exclusive club after 70 straight days of growth
BlackRock's spot bitcoin ETF joins exclusive club after 70 straight days of growth

BlackRock’s spot bitcoin ETF registered net inflows for the 70th straight day, putting the instrument in the top 10 of exchange-traded funds with the longest daily streaks of daily inflows.The fund added over $600 million in net inflows on Monday.

The Block·2024/04/23 01:10
Flash
11:17
Brother Ma Ji Shows 11,100 ETH Long Position with 25x Leverage: Ready to Make It All Back
On July 6, news emerged that Brother Ma Ji, Huang Licheng, posted on the X platform a screenshot of his 25x leveraged Ethereum long position, showing a holding of 11,100 ETH with an entry price of $1,735 and a liquidation price of $1,751. He captioned it, "Going to make it all back in one trade." However, according to the latest data from Hyperbot, Brother Ma Ji's position was reduced one hour ago, and his current holding has decreased to 10,100 ETH, valued at approximately $17.8871 million.
11:12
Huang Licheng shows off a 25x leveraged ETH long position and then closes the position to reduce holdings
Huang Licheng shared a screenshot on the X platform showing a 25x leveraged ETH long position, holding 11,100 ETH with an entry price of $1,735 and a liquidation price of $1,751. He commented that he was preparing to earn it all back in a single trade. According to Hyperbot data, Huang Licheng reduced his long position one hour ago, with his current holding down to 10,100 ETH, valued at approximately $17.8871 million.
11:01
Summer.fi has officially confirmed it suffered an attack and has suspended all vaults of the Lazy Summer Protocol.
ChainCatcher reports that Summer.fi has officially confirmed being attacked, and has suspended all vaults under the Lazy Summer Protocol. The root cause is currently under investigation, and updates on progress will be provided going forward.
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