75,000 institutions hit by phishing scams, with all the stolen funds moved through $ETH , USDT, and USDC?
The news just broke, but these assets have all seen muted volatility: $ETH dipped slightly by 0.73%, USDC stayed near $1, and $TRX even rose 0.45%.
In the short term, the market had already priced in expectations of a regulatory crackdown on illegal payments. There are no signs of large-scale redemptions or a bank run.
First, a risk to consider: if more details emerge about the amount of funds frozen in connection with this case, it could unsettle sentiment around stablecoins in the short term.
Don’t chase the news and trade related narratives for now. Keep a close eye on whether USDC holds its peg; there’s no need to act unless unusual on-chain transfers appear.
If you want to get some practice, today is the last day of the ACU Alpha competition—try with a small position and learn as you go. It’s better than making blind guesses.
USDC is currently holding its peg at 1.0013. Can it hold? Reply 1 if you think it will; reply 2 if you’re worried about further selling pressure.
#Write2Earn #BinanceSquare #USDC Stablecoin #TradingTournament
The news just broke, but these assets have all seen muted volatility: $ETH dipped slightly by 0.73%, USDC stayed near $1, and $TRX even rose 0.45%.
In the short term, the market had already priced in expectations of a regulatory crackdown on illegal payments. There are no signs of large-scale redemptions or a bank run.
First, a risk to consider: if more details emerge about the amount of funds frozen in connection with this case, it could unsettle sentiment around stablecoins in the short term.
Don’t chase the news and trade related narratives for now. Keep a close eye on whether USDC holds its peg; there’s no need to act unless unusual on-chain transfers appear.
If you want to get some practice, today is the last day of the ACU Alpha competition—try with a small position and learn as you go. It’s better than making blind guesses.
USDC is currently holding its peg at 1.0013. Can it hold? Reply 1 if you think it will; reply 2 if you’re worried about further selling pressure.
#Write2Earn #BinanceSquare #USDC Stablecoin #TradingTournament