Stablecoin Market Sheds $892M as KelpDAO Breach Triggers DeFi Unwind
The stablecoin market has kept a muted tone in the wake of the recent KelpDAO breach, with $892 million flowing out of the sector. Even after the drawdown, the market holds at $320.65 billion, with Tether’s USDT comprisi...
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Why this matters
Tether is showing up inside the Stablecoins theme, so this story is worth tracking for follow-through rather than treating it as a one-off headline.
Original source
Read on Bitcoin NewsRelated market context
Binance breach triggers $1.57 billion liquidation cascade as longs unwind
Crypto liquidations surged fourfold to $1.57 billion after a suspected $6.3 billion Binance hack. Bitcoin slid to $76,400 as longs...
Tether Q3 Profit Hits $1.5B While USDT Reserve Buffer Nearly Doubles to $8B
Key Takeaways: In Q3, Tether achieved an operating profit of $1.5 billion. Reserve assets rose to almost $8 billion. U.S. Treasury...
Tether-Backed FASE Foundation Targets Scams and Stablecoin Aid
TL;DR: Named founding stakeholders include Anchorage Digital, Bybit, Chainalysis, Payward, Opera and the Solana Foundation; the Un...
US Secret Service Joins Circle, Tether in Freezing $2.37B in Binance Hack Funds
The US Secret Service is working with stablecoin issuer Circle to recover funds stolen in the $6.3 billion security breach at Bina...
Ethereum hosts 54% of all stablecoins as tokenized stocks jump 170%
Ethereum's dominance in stablecoins and growth in tokenized stocks could reshape financial markets, influencing blockchain adoptio...
Crypto exchanges urge swift security upgrades after $6B Binance breach
The Binance breach highlights the urgent need for enhanced security in crypto exchanges, potentially leading to increased regulato...