FTX on Thursday said it will open a Tron credit facility to allow holders of TRX, BTT, JST, SUN, and HT to remove their assets from the platform. “As part of this agreement, we will be disabling Tron deposits for all users during this period. The only deposits will be the pre-announced deposits conducted weekly by the Tron Team. Initially, $13,000,000 of assets will be deployed to facilitate such swaps,” the exchange said. The development comes after founder of the Tron cryptocurrency network,… Source link
Read More »Raptors fans upset over video of Dragic at Heat’s facility
Goran Dragic is currently on leave from the Raptors, but staying fit in the Heat’s facilities. (Getty) Following a somewhat rocky start, the relationship between the Toronto Raptors and veteran guard Goran Dragic has gone cold since he stepped away from the team to deal with personal matters in late November. And while we haven’t heard much from or about the 35-year-old since, his name is once again on the lips of Raptors fans and media, but perhaps not for the right reasons. Earlier this… Source link
Read More »Reddit’s Latest Money-Making Obsession Is an Obscure Fed Facility
(Bloomberg) — Every day in the early afternoon, money-market traders are glued to the Federal Reserve Bank of New York’s website to see the results of the overnight reverse-repurchase agreement facility. Most Read from Bloomberg They’re not the only ones. A screenshot of this obscure but important facility’s daily usage is religiously uploaded to a Reddit forum called Superstonk, a discussion board similar to WallStreetBets where users swap memes and stock tips. As usage of the facility… Source link
Read More »Fed extends small business liquidity facility three months to June 30
Bloomberg China’s Yuan Becomes Latest Victim of Treasury-Led Selloff (Bloomberg) — The Chinese yuan erased all its gains against the dollar this year, the latest to fall prey to the Treasury-led global market selloff.The onshore yuan weakened as much as 0.5%, falling past the 6.5283 per dollar level it closed at last year. At its January peak, it was up 1.6% from 2020 as the economy rebounded and investors poured money into the Chinese bond market.Optimism over a global recovery from the… Source link
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