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Galaxy Digital has exchanged Ethereum worth 100 million dollars for Solana coins
Recent reports indicate that "Galaxy Digital", led by digital assets entrepreneur "Mike Novogratz", has executed a significant swap between Ethereum and Solana, in a move seen as a strategic shift in its investment focus.
According to a post from "Wu Blockchain", on-chain data from the "Lookonchain" platform reveals that the company transferred approximately 65,600 units of Ethereum, valued at around 105 million dollars, to the Binance trading platform over the past two weeks.
In return, "Galaxy Digital" withdrew nearly 752,240 Solana (SOL) coins from the same platform, with a total value of approximately 98.37 million dollars, suggesting that the company conducted a direct swap between the two digital assets.
This move is a clear indication of "Galaxy Digital"'s growing interest in engaging with the Solana ecosystem, which has recently seen significant expansion in terms of infrastructure and decentralized applications.
This shift represents part of the digital asset investment diversification strategy followed by "Galaxy Digital", amid increasing competition.
It also reflects a growing bet on Solana's technical capabilities and its rapid growth as an alternative platform to Ethereum for certain advanced applications.
#ETH #solana #Lookonchain
$ETH
#GalaxyDigital #WuBlockchain
$SOL
Recent reports indicate that "Galaxy Digital", led by digital assets entrepreneur "Mike Novogratz", has executed a significant swap between Ethereum and Solana, in a move seen as a strategic shift in its investment focus.
According to a post from "Wu Blockchain", on-chain data from the "Lookonchain" platform reveals that the company transferred approximately 65,600 units of Ethereum, valued at around 105 million dollars, to the Binance trading platform over the past two weeks.
In return, "Galaxy Digital" withdrew nearly 752,240 Solana (SOL) coins from the same platform, with a total value of approximately 98.37 million dollars, suggesting that the company conducted a direct swap between the two digital assets.
This move is a clear indication of "Galaxy Digital"'s growing interest in engaging with the Solana ecosystem, which has recently seen significant expansion in terms of infrastructure and decentralized applications.
This shift represents part of the digital asset investment diversification strategy followed by "Galaxy Digital", amid increasing competition.
It also reflects a growing bet on Solana's technical capabilities and its rapid growth as an alternative platform to Ethereum for certain advanced applications.
#ETH #solana #Lookonchain
$ETH
#GalaxyDigital #WuBlockchain
$SOL
$USUAL Usual Protocol has addressed user concerns regarding the USD0++ floor price mechanism and announced two key adjustments. First, the 1:1 early redemption feature will be activated next week, allowing users to forfeit a portion of their accumulated rewards over a maximum period of six months to ensure 1:1 redemption. Second, the revenue distribution will be brought forward, with weekly distributions to USUALx holders starting next week. The protocol expects to distribute approximately $5 million per month. #Wublockchain
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First Digital Takes Legal Action Against Justin Sun Over False Claims
First Digital plans to take legal action against Tron founder Justin Sun.
FDUSD has regained its peg to the dollar today after First Digital burned 87 million tokens.
The stablecoin lost its dollar peg yesterday when Justin Sun claimed that First Digital was bankrupt.
First Digital has assured its users of its continued support for the FDUSD coin at a 1:1 ratio, and the redemption channel is operating smoothly. The first batch of redemption requests has been completed, ensuring the restoration of FDUSD to its dollar exchange rate. First Digital has demonstrated its commitment to maintaining the stablecoin with this move.
First Digital announced in its latest post on platform X that the initial redemptions have been completed after a wave of doubt and skepticism. It also clarified that the FDUSD coin is still fully backed at a 1:1 ratio, and all redemption requests will continue.
Wu Blockchain reported that First Digital burned approximately 87 million tokens in the last 24 hours, according to PeckShield. The token burn helped the FDUSD coin regain its peg to the US dollar today. Even CoinMarketCap, which tracks live cryptocurrency prices, confirmed that FDUSD has regained its dollar peg.
#WuBlockchain #first #fdusd #CoinMartketCap
First Digital plans to take legal action against Tron founder Justin Sun.
FDUSD has regained its peg to the dollar today after First Digital burned 87 million tokens.
The stablecoin lost its dollar peg yesterday when Justin Sun claimed that First Digital was bankrupt.
First Digital has assured its users of its continued support for the FDUSD coin at a 1:1 ratio, and the redemption channel is operating smoothly. The first batch of redemption requests has been completed, ensuring the restoration of FDUSD to its dollar exchange rate. First Digital has demonstrated its commitment to maintaining the stablecoin with this move.
First Digital announced in its latest post on platform X that the initial redemptions have been completed after a wave of doubt and skepticism. It also clarified that the FDUSD coin is still fully backed at a 1:1 ratio, and all redemption requests will continue.
Wu Blockchain reported that First Digital burned approximately 87 million tokens in the last 24 hours, according to PeckShield. The token burn helped the FDUSD coin regain its peg to the US dollar today. Even CoinMarketCap, which tracks live cryptocurrency prices, confirmed that FDUSD has regained its dollar peg.
#WuBlockchain #first #fdusd #CoinMartketCap
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