BUSD

According to reports, Whale Alert monitoring data showed that 74224220 BUSDs were destroyed by Paxos Treasury at 01:45 on February 19, 2023, Beijing time. Interpretation of this information: The message suggests that Paxos Treasury has destroyed a significant amount of BUSD (Binance USD) based on monitoring data provided by Whale Alert. The destruction of over 74 million BUSDs at a specific time indicates that there was a deliberate action taken by Paxos. Paxos Treasury is known for its digital asset platform and provides blockchain-based services for institutions and individuals. It…

It is reported that according to the latest data of Glassnode, the liquidity of BUSD on Uniswap reached US $624229.12, reaching a low of nearly one month. Interpretation of this information: The latest data released by Glassnode has indicated that the liquidity of BUSD on Uniswap, one of the largest decentralized exchanges, has reached a low of nearly one month. BUSD, a relatively stable cryptocurrency pegged to the value of the US dollar, currently has a liquidity value of $624,229.12 on Uniswap. This means that there has been a decrease…

According to reports, Glassnode data showed that the trading volume of BUSD (7d MA) reached US $91130879.01, a one-month high. Interpretation of this information: The recent reports have indicated that the trading volume of BUSD has increased significantly and has reached a one-month high. BUSD is a stablecoin that is pegged with the US dollar and is backed by Circle and Coinbase, which makes it one of the most stable cryptocurrencies in the market. The data collected by Glassnode, a blockchain data analytics platform, shows that the volume of BUSD…

It is reported that according to the latest data of coingecko, the current market value of BUSD has dropped to 13379456826 US dollars, which has been surpassed by OKB (13588061705 US dollars) and dropped to the ninth place in the market value of cryptocurrency. Interpretation of this information: The recent report from coingecko reveals that the current market value of BUSD, a stablecoin issued by Binance exchange, has dropped to 13379456826 US dollars, placing it in the ninth position among the most valuable cryptocurrencies. This is a significant decline for…

It is reported that according to the latest data of coingecko, the market value of BUSD has fallen below US $14 billion, from US $13.721 billion at the time of writing, and has fallen by more than US $2.5 billion in the past seven days. At present, it has been surpassed by Cardano and dropped to the eighth place in the market value of cryptocurrency. Interpretation of this information: The latest data from Coingecko reveals that the market value of BUSD has taken a hit and fallen to below US…

On February 16, according to Whale Alert data, Paxos Treasury destroyed 96953902 BUSDs (worth 96934512 US dollars). Interpretation of this information: The message explains that Paxos Treasury, a company that provides financial services enabled by blockchain technology, destroyed a large number of BUSDs on February 16. BUSD is a stablecoin that is pegged to the US dollar, meaning that its value is designed to be equivalent to one dollar. Destroying BUSDs means that the tokens were taken out of circulation and are no longer able to be used for transactions….

It is reported that according to Whale Alert data, 147311624 BUSDs were destroyed by Paxos Treasury 38 minutes ago. Interpretation of this information: The message reports that 147311624 BUSDs have been destroyed by Paxos Treasury. This event was reported by Whale Alert data just 38 minutes prior. BUSD, or Binance USD, is a cryptocurrency designed to maintain a value equivalent to that of the US dollar. The fact that these tokens were destroyed implies that they were taken out of circulation or rendered unusable. The reasons for destroying BUSDs or…

It is reported that with the destruction of BUSD by Paxos Treasury, the market value of the US dollar stable currency has dropped sharply in recent days. According to the latest data of coingecko, the market value of BUSD has fallen below the threshold of US $15 billion, and now it has fallen to US $14.674 billion. The market value has shrunk by more than US $1.5 billion in the past two days. Interpretation of this information: The recent destruction of BUSD by Paxos Treasury has caused a significant drop…

On February 15, according to Whale Alert data, Paxos Treasury destroyed 117401943 BUSDs at 07:54:47 UTC on February 15. With the continuous destruction, the market value of BUSD has shrunk significantly in the past two days. According to the data of Coingecko, the market value of BUSD was about $16.204 billion on February 13, and it is currently about $15.203 billion, a decrease of more than $1 billion. Interpretation of this information: The recent destruction of BUSD by Paxos Treasury has resulted in a significant decrease in the market value…

According to reports, Coinbase said in its official tweet that this week the New York State Department of Financial Services (NYDFS) asked Paxos to stop issuing the stable currency BUSD denominated in US dollars. Coinbase did not know what aspects of BUSD the United States Securities and Exchange Commission (SEC) might be interested in, but the stable currency was not a security. Interpretation of this information: In a recent development, Coinbase, the renowned cryptocurrency exchange, has disclosed that the New York State Department of Financial Services (NYDFS) has asked Paxos,…

It is reported that the total market value of cryptocurrency fell below US $1 trillion after Paxos, the issuer of the US dollar stable currency, announced the suspension of the casting of BUSD on Monday. This is also the first time that the index has fallen in nearly three weeks. At present, it has rebounded slightly to about US $1.05 trillion. In addition, analysts believe that the upcoming U.S. inflation data and the latest regulatory actions may also be the main reasons for this decline. Christopher Newhouse, a cryptooption trader…

21:00-7:00 Keyword: Coinbase, BUSD, Circle, NYDFS Interpretation of this information: The message at hand announces that Coinbase, a leading cryptocurrency exchange, has partnered with Circle to add BUSD, a regulated stablecoin, to their platform, pending approval by the New York Department of Financial Services (NYDFS). This decision comes as no surprise as stablecoins have become increasingly popular in the crypto world due to their stability in value, low volatility, and easy accessibility. BUSD, specifically, is appealing for its regulatory compliance and transparency, as it is backed by real US dollars…

According to reports, a spokesman for the New York Financial Services Department (NYDFS) told Reuters on Monday that the management of the Paxos Trust Company’s stable and fixed currency BUSD made it open for use by bad actors. The spokesman said that Paxos “violated the obligation to carry out customized regular risk assessment and due diligence update for the BUSD customers issued by Coin and Paxos to prevent bad actors from using the platform, and the token was not managed in a safe and stable way”. Interpretation of this information:…

On February 14, according to Whale Alert data, Paxos Treasury destroyed 76152978 BUSDs on the Ethereum chain at 13:25 today. Interpretation of this information: The message indicates that Paxos Treasury, a digital asset company operating on the Ethereum blockchain, has destroyed a large amount of BUSD (a stablecoin pegged to the US dollar) at 13:25 on February 14, as reported by Whale Alert data. The destruction of tokens means that they are removed from circulation, reducing the total supply of BUSD in the market. This move by Paxos Treasury could…

7:00-12:00 Key words: Circle, BUSD, Paxos, SEC, Yingtou Securities Interpretation of this information: The message is about a partnership between Circle, a global financial technology firm, and BUSD, a regulated stablecoin issued by Paxos, to bring more transparency and compliance to the world of digital transactions. The partnership involves Circle’s use of BUSD as a primary reserve currency on its platform, which will seek to adhere to the SEC’s regulatory requirements for stablecoin issuance and maintenance. The message notes that Yingtou Securities will be one of the first partners to…

On February 14, according to the data of The TIE and CoinGecko, the total market value of stable currency is about 138.5 billion US dollars, Tether’s market share is 49.39%, USDC is 29.76%, and BUSD is 11.63%. Interpretation of this information: The message states that on February 14, the total market value of stable currency was around 138.5 billion US dollars. Stable currency is a type of cryptocurrency whose value is pegged to one or more forms of fiat currency. This makes it more stable and less volatile than other…

According to the report, according to the data of Dune Analytics, at present, the largest proportion of the reserve certificates on the blockchain of Coin and Ethereum is BUSD, with a value of about $12714180193, followed by ETH, with a value of about $6731684203. In addition, according to the data of Coinsecko, the market value of BUSD at the time of writing is about 15805842427 US dollars, which means that the current BUSD reserves on the Ethereum chain have accounted for 80.4% of the total market value of BUSD. Interpretation…

It is reported that according to PeckShield monitoring, about 342 million BUSDs have been destroyed in Paxos Treasury in the past 24 hours, and the market value of BUSDs has decreased from 16.1 billion US dollars to 15.8 billion US dollars. Interpretation of this information: The crypto world never stops to make news and reports, and recently, a strange thing happened, leaving the community puzzled. According to the latest reports, Paxos Treasury destroyed around 342 million BUSD in the past 24 hours. As a result, the market value of BUSDs…

On February 14, the New York State Department of Financial Services (NYDFS) officially explained that: “The department has ordered Paxos to stop casting the BUSD issued by Paxos, because Paxos has several unresolved problems in the supervision of its relationship with Qian’an in respect of the BUSD issued by Paxos. In response, on February 13, 2023, Paxos informed the customer of its intention to end the BUSD relationship with Qian’an.” Interpretation of this information: The New York State Department of Financial Services (NYDFS) has ordered Paxos, a blockchain-based financial infrastructure…

On February 13, it was reported that after the US SEC took regulatory action against the issuer of BUSD, Paxos, the anchor price of BUSD began to be unstable. The data showed that the range of BUSD to USDT on the Binance platform had dropped to 0.9950. The decline of BUSD/USDT trading pairs indicated that traders had begun to transfer funds to Tether. Interpretation of this information: The recent regulatory action taken by the US Securities and Exchange Commission (SEC) against Paxos, the issuer of BUSD, has reportedly impacted the…