Comparative news, according to DeFilLama's data, the current total market value of stablecoins across the network reached US$303.079 billion, up 0.74% on the 7th, and the USDT market share rose to 60.43%. This article is sponsored by GENG, Build Your Fortune on GENG (https://geng.one)
According to Coinglass data, Binance had a net outflow of 280 million USDT in the past 24 hours.
Comparatively, according to Gate market data, SOL/USDT now reports $95.03, a 24-hour increase of 6.4%.
Comparing news, the OKX market shows that BTC surpassed 78,000 USDT and now reports 78055.5 USDT, a 24H increase of 7.34%.
According to Whale Alert monitoring, Tether Treasury has just destroyed 2 billion USDT on Ethereum, corresponding to about $2.00 billion.
Comparing news, Starbridge Capital (SBCFX) experienced an abnormal liquidation of positions in the London Gold Exchange. After the incident, the platform's Hong Kong office was empty, and some investors faced huge losses. According to several investors, they participated in automatic trading of London Gold (XAUUSD) derivatives through the Starbridge Capital platform on the evening of August 19: the system automatically generated huge reverse short orders in just 1 to 3 seconds, then international gold prices rose rapidly, causing accounts to collectively close their positions, and some account funds returned to zero, and some even had negative arrears. The so-called London gold liquidation refers to a transaction risk where the direction of the transaction is opposite to that of the price of gold, and the loss is too large due to leverage, etc., the investor account runs out of margin, is lower than the maintenance margin ratio, and the platform is forced to close the position and the full principal amount is lost. Affected investors estimate that the incident involved about 2000 to 3,000 people, including a large number of mainland investors. Currently, some investors have alerted the Hong Kong police and requested the platform to refund 70% of the principal amount in accordance with the “maximum loss of 30%” rule previously promised. According to some investors, Starbridge Capital provides up to 500x leverage, and some funds are deposited through USDT stablecoins, making it more difficult to track funds. According to public information, Starbridge Capital's business scope covers foreign exchange, commodities, indices, cryptocurrencies, etc., and claims to the outside world that it is a licensed and compliant international trading platform. (Caixin) This article is sponsored by GENG, Build Your Fortune on GENG (https://geng.one)
According to TradingBeats (formerly Hyperinsight) monitoring, Binance transferred 500 million USDT to Tether Treasury 6 minutes ago. This article is sponsored by GENG, Build Your Fortune on GENG (https://geng.one)
Comparatively, Alpha Arena Bali Grand Final was held in Bali. Arumando won the championship, and Murasaki Trades and Coin6097 finished runner-up and 3rd place respectively. According to the event's data, the prize money for this tournament was 100,000 USDT, and the total number of live and live viewers was over 10,000. During the finals, real-time leaderboards were fiercely competitive, and rankings changed in the last ten seconds of multiple rounds. Among them, player ShamanShark maintained the top spot for a long time, but was overtaken in the last 30 seconds and ultimately missed the top three. After the match, MEXC CEO Vugar presented awards to the winners.
According to Twitter news, UPBIT will start supporting Nexo (NEXO)'s USDT trading market at 22:00 on August 21. Users are required to complete NEXO recharge within 2 hours after the announcement is posted. Note that NEXO only supports deposits and withdrawals on the Ethereum network. This article is sponsored by GENG, Build Your Fortune on GENG (https://geng.one)
In comparison, according to Gate market data, BTC/USDT now reports $76,000, an increase of 8.84% in 24 hours.