| 5.6.2023–11.6.2023 |
Stablecoin TrueUSD Loses Peg — TrueUSD (TUSD), a prominent stablecoin in the market, recently deviated from its peg to the US Dollar. This unexpected development has created uncertainty in the crypto market, as stablecoins like TUSD have traditionally played a crucial role in facilitating cryptocurrency trades due to their stability. The sudden dip in TUSD’s value has raised questions about the stability of stablecoins and their impact on the overall crypto ecosystem.
Cryptos Named Securities in SEC Lawsuits — The SEC has labeled several cryptocurrencies as securities in lawsuits against Binance and Coinbase. The tokens named as securities include Cosmos (ATOM), Binance Coin (BNB), Binance USD (BUSD), Chiliz (CHZ), Near (NEAR), Flow (FLOW), Internet Computer (ICP), Voyager Token (VGX), Dash (DASH), Nexo (NEXO), and more. If these tokens are classified as securities, they could face delisting from US exchanges and strict trading restrictions, posing significant challenges for developers and token holders.
Apple’s Potential Partnership with Render (RNDR) Crypto Token — During Apple’s recent keynote event, a product associated with the Render network (RNDR), which offers distributed GPU rendering on the blockchain, was mentioned. Speculations suggest a possible partnership between Apple and OTOY Inc., the company behind Render. The inclusion of Octane X, a GPU rendering feature developed by OTOY, in Apple’s presentation has fueled these speculations. However, no official announcement regarding a partnership was made during the event.
🔥NEW LISTINGS🔥
BankercoinAda $BANK
USPlus $USPlus
INU $INU
The Habibiz $HABIBI
🔥NEW EVENTS🔥
⬇️ Stake Now with Yield Farming | Power Piggy ⬇️
$ETH Staking — up to 2.2% APR Daily Payouts and 3% APY with a 30-day lockup in Power Piggy & Yield Farming
New Staking Available for $MATIC $DOT $NEAR $CSPR $OP $XDC — up to 16% APY in Yield Farming
Delivering outstanding performance, $USDT, $MATIC, and $CSPR have secured their spots as our Top 3 Staking Assets for the previous week. Their consistent growth and rewarding staking opportunities have caught the attention of savvy investors. For more details, see here.
Bitrue is pleased to announce the standout performers of our Power Piggy assets for the previous week: $XRP, $XDC, and $BTC. With their noteworthy performances, these coins demonstrate the potential for favorable outcomes and encourage optimism among investors. For more details, see here.
In a special edition of Bitrue Community Talks on Twitter Spaces, we talked to Henry Wang, President and CEO of SmartMesh.io, and Jenks Kuo, Developer Advocate for Filecoin Foundation, about the intersection of Web 3.0 and AI. Web 3.0 and AI have recently been prevalent topics in crypto, especially with the emergence of AI and new technologies such as ChatGPT. Read here for the highlights of the AMA session.
