CoinSutra Daily Capsule - Monday, June 20, 2022 Hey Sutrapun | CoinSutra ~ Learn Crypto Investing & Trading
CoinSutra Daily Capsule - Monday, June 20, 2022
Hey Sutrapunks, here are the most important updates for the day -
Voyager to Borrow $500M from Alameda Amid Insolvency Rumors
Cryptocurrency broker Voyager Digital has secured sizable loans from quantitative trading firm Alameda Research to help see it through the current market turmoil.
Crypto lending can still survive bear market, analyst says
Bear markets are much more brutal for crypto lenders than cryptocurrency firms that don’t leverage users’ deposits, according to one Bitcoin analyst.
Synthetix racks up over $1M in daily fees as SNX token value surges 100%
Layer-2 scaling solution Synthetix recently collaborated with liquidity provider Curve Finance to create Curve pools for Synthetic Ether (sETH)/Ether (ETH), Synthetic Bitcoin (sBTC)/Bitcoin (BTC) and Synthetic U.S. dollar (sUSD)/3CRV, allowing investors to cheaply convert synths such as sETH to ETH.
Not So Stable Stablecoins – USDD Hits All Time Low
The stablecoins in the cryptomarket are in total wobble, post the disastrous fall of TerraClassicUSD (USTC). One among those stablecoin is USDD by TRON DAO. The coin has been trading in red for the past month and the coin hit its All Time Low (ATL) on June 19.
Binance to Enable BEP20 Network Upgrade
The official newsletter from Binance announced support for the BNB Smart Chain’s upgrade and hard fork. Referred to as the Euler Upgrade, it will go live on the 22nd of June at the block height of 18,907,621. The network will suspend all deposits and withdrawals approximately at 7:00 UTC on the day.
