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Coinbase Encourages Users To Switch To USDC By Waiving USDT To USDC Conversion Fees

Coinbase asked clients to switch to USDC by introducing zero-fee Tether (USDT) to USD Coin (USDC) conversion.

Court Grants Celsius Extension To Submit Chapter 11 Reorganization Plan

Celsius has been granted an extension of its exclusivity period by the court. The company promises to utilize this period to develop plans for a stand-alone business and the benefits of its customers and stakeholders.

Alameda Research Withdrew $204M From FTX US Before Filing For Bankruptcy

Arkham Intelligence reported Alameda Research pulled out crypto assets worth $204M from FTX US before filing for Chapter 11 bankruptcy on November 11.

Credix Partners with Lender Clave to Open a $150M Stablecoin Credit Pool

Decentralized credit marketplace, Credix Finance, is partnering with digital lender, Clave, to bring debt capital markets on-chain with the launch of a $150M stablecoin credit pool. The credit facility will open in 2023.‍

Decline in Stablecoins’ Market Cap: Here’s What We Know

Several stablecoins have recently seen their market capitalization drop by a few billion. This may be due to various factors. But here’s what we know about the downtrend.

58% Of Hong Kong And Singapore Elites Own Crypto Assets

A study published by KPMG China and Aspen Digital revealed that a majority of Singapore and Hong Kong elites are increasingly investing in digital assets. 

Binance’s Stablecoin Hits All-Time High Market Share Of 15.48%

BUSD's stablecoin market share increased to its highest level at 15.48%. The token's market capitalization also grew by 22.88% within the past 2 months.

Coinbase Adds Zero-Commission USDC Trading Outside The US

Coinbase implemented a commission-free USDC trading service for non-USD currencies to encourage wider adoption of USDC.

Lightning Labs Rollout Software for Minting & Transfer of Assets on the Bitcoin Blockchain

Developers may now mint, send, and receive assets on the bitcoin blockchain as Lightning Labs releases the test version of its Taro daemon. Taro will also have additional functionalities, including universes.

State Regulators Object To Celsius' Plan Of Selling Stablecoin Holdings

The Texas and Vermont regulators raised concerns over Celsius' request to sell its $23M worth of stablecoin assets to generate liquidity for its operations.

Bitcoin Policy Institute Recommends USA To Reject CBDCs

The report published by Bitcoin Policy Institute addressed the structural problems prevalent in Central Bank Digital Currencies and argued that Bitcoin and stablecoins serve as better alternatives to CBDCs.

Binance Seeks To Resume Operations In Japan

After suspending services in Japan in 2018, Binance now seeks a license to resume its operations. Binance's renewed interest in operating in Japan is due to the nation softening its stance on crypto.

Court Orders Stablecoin Issuer Tether To Prove USDT Backing

US Judge has ordered Tether to provide financial records on the backing of USDT as part of a bitcoin inflation conspiracy case. The Judge also dismissed Tether’s motion to block the release as the information is vital.

Draft US Bill Seeks To Ban Algorithmic Stablecoins For 2 Years

The US House of Representatives drafted a bill that intends to place a temporary 2-year ban on algorithmic stablecoins such as TerraUSD.

WazirX Joins Binance To Delist USDC And Other Stablecoins

WazirX has announced the delisting of three stablecoins: USDC, USDP, and TUSD, and their auto-conversion to Binance USD. Like Binance, WazirX believes this move would help enhance liquidity and capital efficiency.

Celsius Seeks Court Approval To Sell Its Stablecoin Holdings

Celsius Network filed a request to sell its stablecoin assets in order to acquire funds for its operations.

Binance To Stop Supporting USDC And Other Stablecoins By September 29

In the coming weeks, Binance would stop supporting USDC and other stablecoins in a bid to increase liquidity. This doesn't mean that they are delisting these tokens as users can still deposit and withdraw them.