CMQTelegram has launched Fragment, a username auction platform built on the TON blockchain
Telegram founder Pavel Durov said in a message on the app early this morning that, as previously promised, the ability to buy Telegram usernames on the dedicated platform Fragment has now been rolled out and the username auction has begun. Additionally, the ability to sell existing usernames on Fragment will roll out in a few days. Pavel Durov said that this is the first time in the history of social media to create a fair and transparent username market, people will have ownership of their s...
CMQBasel Committee on Banking Supervision Approves Crypto Banking Rules to be Implemented in 2025
The Basel Committee on Banking Supervision (BCBS) has approved its global crypto banking rules, which will come into force on Jan. 1, 2025, according to a statement Friday. The BCBS, the main global standard-setter for prudential regulation of banks, recommends that banks should have no more than 2% exposure to certain crypto assets and usually less than 1%. These specific assets are tokenized traditional assets, including NFTs, stablecoins, and unsecured cryptoassets that do not qualify for ...
CMQThe bottom 20% employees of Binance this year may not have year-end bonuses
According to Wu said, Binance has suspected that it has announced that the bottom 20% of employees in this year’s performance ranking will not have year-end bonuses. Some teams have announced this news to employees, but there has been no company-level notification. It is uncertain whether the policy will change in the future. Binance bonuses will be distributed before the Spring Festival. Last year, some Binance team bonuses even exceeded 20 months. Since the beginning of this year, the globa...
CMQ
CMQTelegram has launched Fragment, a username auction platform built on the TON blockchain
Telegram founder Pavel Durov said in a message on the app early this morning that, as previously promised, the ability to buy Telegram usernames on the dedicated platform Fragment has now been rolled out and the username auction has begun. Additionally, the ability to sell existing usernames on Fragment will roll out in a few days. Pavel Durov said that this is the first time in the history of social media to create a fair and transparent username market, people will have ownership of their s...
CMQBasel Committee on Banking Supervision Approves Crypto Banking Rules to be Implemented in 2025
The Basel Committee on Banking Supervision (BCBS) has approved its global crypto banking rules, which will come into force on Jan. 1, 2025, according to a statement Friday. The BCBS, the main global standard-setter for prudential regulation of banks, recommends that banks should have no more than 2% exposure to certain crypto assets and usually less than 1%. These specific assets are tokenized traditional assets, including NFTs, stablecoins, and unsecured cryptoassets that do not qualify for ...
CMQThe bottom 20% employees of Binance this year may not have year-end bonuses
According to Wu said, Binance has suspected that it has announced that the bottom 20% of employees in this year’s performance ranking will not have year-end bonuses. Some teams have announced this news to employees, but there has been no company-level notification. It is uncertain whether the policy will change in the future. Binance bonuses will be distributed before the Spring Festival. Last year, some Binance team bonuses even exceeded 20 months. Since the beginning of this year, the globa...
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The giant whale smashed more than 150 million US dollars in the short term, and stETH is facing the risk of unanchoring again?
Since it cannot be redeemed temporarily, as an interest-bearing Token and a withdrawal certificate, stETH has derived two liquidity release methods. One is to use it as collateral in various DeFi protocols to lend other more liquid assets, and the other is to By forming a liquidity pool on Curve or Aave with stETH and ETH, we can help relevant investors exit their positions in the Lido protocol, so as to conduct premium arbitrage in the process.
Similar to GBTC, although the trust fund also has an irredeemable mechanism, the previous high premium made it have a huge arbitrage space, and many encryption institutions can obtain considerable profits by purchasing GBTC. However, such room for arbitrage no longer exists when the premium is discounted. The arbitrage trading of stETH and GBTC is similar.
Recently, due to the collapse of FTX, Genesis, the liquidity provider of GBTC, was on the verge of bankruptcy (see "Genesis on the Verge of Bankruptcy: 500 million yuan financing stumped DCG, and once encouraged 3AC to borrow", which also made its negative premium intensify, and also GBTC, which has failed to convert spot ETFs, is in an embarrassing situation.
Lido also recently pointed out that there are currently 86,000 stETH mortgage assets in Aave with a health factor (health factor) below 1.25, which is in the risk area. Accounts with a health factor below 1 may be liquidated.
While the risk of potential thunderstorms on many platforms has not yet been resolved, the imbalance in the exchange ratio between stETH and ETH has once again caused investors to panic. It should be known that stETH had previously experienced an anchor crisis due to the UST thunderstorm. At that time, large currency holders 3AC, Celsius, and Alameda all started "big fire sales". Among them, 3AC even cut their flesh and fled. The massive selling of stETH led to an accelerated decline in its value and triggered a domino effect in the market. At the moment when the anchor has not yet been restored, any disturbance of stETH will affect the nerves of investors. Once stETH falls below a certain threshold, those DeFi agreements will liquidate their positions.
The giant whale smashed more than 150 million US dollars in the short term, and stETH is facing the risk of unanchoring again?
Since it cannot be redeemed temporarily, as an interest-bearing Token and a withdrawal certificate, stETH has derived two liquidity release methods. One is to use it as collateral in various DeFi protocols to lend other more liquid assets, and the other is to By forming a liquidity pool on Curve or Aave with stETH and ETH, we can help relevant investors exit their positions in the Lido protocol, so as to conduct premium arbitrage in the process.
Similar to GBTC, although the trust fund also has an irredeemable mechanism, the previous high premium made it have a huge arbitrage space, and many encryption institutions can obtain considerable profits by purchasing GBTC. However, such room for arbitrage no longer exists when the premium is discounted. The arbitrage trading of stETH and GBTC is similar.
Recently, due to the collapse of FTX, Genesis, the liquidity provider of GBTC, was on the verge of bankruptcy (see "Genesis on the Verge of Bankruptcy: 500 million yuan financing stumped DCG, and once encouraged 3AC to borrow", which also made its negative premium intensify, and also GBTC, which has failed to convert spot ETFs, is in an embarrassing situation.
Lido also recently pointed out that there are currently 86,000 stETH mortgage assets in Aave with a health factor (health factor) below 1.25, which is in the risk area. Accounts with a health factor below 1 may be liquidated.
While the risk of potential thunderstorms on many platforms has not yet been resolved, the imbalance in the exchange ratio between stETH and ETH has once again caused investors to panic. It should be known that stETH had previously experienced an anchor crisis due to the UST thunderstorm. At that time, large currency holders 3AC, Celsius, and Alameda all started "big fire sales". Among them, 3AC even cut their flesh and fled. The massive selling of stETH led to an accelerated decline in its value and triggered a domino effect in the market. At the moment when the anchor has not yet been restored, any disturbance of stETH will affect the nerves of investors. Once stETH falls below a certain threshold, those DeFi agreements will liquidate their positions.
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