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Terra Classic community elects to cease USTC minting
Published: 2023-09-24
1. Main Topic: Terra Classic Ceases USTC Minting Terra Classic,a decentralized finance (DeFi) project,has announced the cessation of minting its native token,USTC (Terra Classic Stable Coin). This decision comes as a result of concerns regarding potential security vulnerabilities in the USTC smart contract. While the project team is working to address these issues,they have temporarily suspended the minting of new USTC tokens to ensure the safety of users' funds. The team has stated that the existing USTC tokens can still be traded and used normally. It is crucial for investors and users of Terra Classic to closely monitor the progress of the security updates and upcoming announcements from the project team.
2. Main Topic: Impact on the Stablecoin Market The announcement of Terra Classic ceasing USTC minting has raised concerns about the stability of the stablecoin market. As USTC is pegged to the value of a traditional currency,the suspending of minting new tokens could potentially impact the stability and value of USTC. Stablecoins play a crucial role in the cryptocurrency ecosystem as they provide a reliable store of value and a medium of exchange. Investors and users may now question the integrity of USTC and may look towards other stablecoin alternatives. This event could potentially lead to a shift in the market dynamics and affect the trading volume and liquidity of USTC.
3. Main Topic: Investor Confidence and Risk Management The announcement by Terra Classic raises concerns over investor confidence in the project. The decision to suspend minting due to security vulnerabilities may cause uncertainty among investors and users about the overall safety and reliability of the platform. This highlights the importance of thorough risk management protocols in the DeFi space. Investors need to assess the potential risks associated with investing in DeFi projects and stay informed about any security concerns or updates communicated by project teams. The incident with Terra Classic serves as a reminder that investors should thoroughly research and evaluate projects before allocating their funds to mitigate potential risks. Note: Please note that the details provided above are only a summary based on the given article. For a more comprehensive understanding,it is recommended to read the complete article.
Reference: cointelegraph.com
The most traded coin
(Update every 1 hour)
| at | from | is ($US) | turnover ($) |
|---|---|---|---|
| 1 | ARS |
1,092.90 | 1,387,956,403.80 |
| 2 | BTC |
64,500.33 | 1,271,083,339.66 |
| 3 | ETH |
3,163.52 | 706,261,107.22 |
| 4 | PEPE |
<0.01 | 321,326,279.04 |
| 5 | DOGE |
0.16 | 316,809,900.33 |
| 6 | SOL |
147.62 | 312,962,673.03 |
| 7 | WIF |
3.30 | 171,465,500.59 |
| 8 | BOME |
0.01 | 117,646,095.57 |
| 9 | WLD |
5.75 | 116,091,892.44 |
| 10 | RNDR |
9.68 | 94,637,198.23 |
| 11 | BONK |
<0.01 | 86,766,611.17 |
| 12 | AVAX |
37.65 | 85,671,805.07 |
| 13 | NEAR |
7.48 | 85,147,553.89 |
| 14 | ENA |
0.82 | 76,804,533.22 |
| 15 | ETHFI |
4.10 | 76,514,706.78 |
| 16 | AR |
40.53 | 76,013,742.73 |
| 17 | FLOKI |
<0.01 | 72,219,168.82 |
| 18 | XRP |
0.53 | 63,273,965.48 |
| 19 | ARKM |
2.63 | 61,974,013.57 |
| 20 | GLM |
0.63 | 56,568,598.17 |
| 21 | SUI |
1.10 | 54,741,016.95 |
| 22 | OP |
2.94 | 45,508,832.90 |
| 23 | RUNE |
5.34 | 38,765,823.94 |
| 24 | ORDI |
41.12 | 37,741,287.17 |
| 25 | AGIX |
0.97 | 34,854,878.81 |
| 26 | ADA |
0.47 | 31,014,213.65 |
Coins with rapidly rising prices
(Update every 1 minute)
| at | from | is ($US) | more (%) |
|---|---|---|---|
| 1 | ARKM |
2.63 | +15.50 |
| 2 |  NFP |
0.51 | +15.02 |
| 3 |  CTXC |
0.36 | +13.08 |
| 4 | AR |
40.53 | +12.51 |
| 5 | WLD |
5.75 | +10.52 |
| 6 | GLM |
0.63 | +10.26 |
| 7 |  AI |
1.16 | +9.95 |
| 8 |  VANRY |
0.19 | +9.67 |
| 9 | NEAR |
7.48 | +8.97 |
| 10 |  ADX |
0.22 | +8.48 |
| 11 |  IQ |
0.01 | +7.91 |
| 12 |  RSR |
<0.01 | +7.70 |
| 13 | RNDR |
9.68 | +7.64 |
| 14 |  JASMY |
0.02 | +7.56 |
| 15 |  PDA |
0.08 | +7.34 |
| 16 |  OCEAN |
0.98 | +6.74 |
| 17 |  ATA |
0.20 | +6.64 |
| 18 | AGIX |
0.97 | +6.56 |
| 19 |  POND |
0.02 | +6.40 |
| 20 |  ERN |
4.41 | +6.32 |
| 21 |  TRU |
0.12 | +5.88 |
| 22 |  MAV |
0.42 | +5.80 |
| 23 |  NMR |
26.67 | +5.79 |
| 24 |  YGG |
0.88 | +5.77 |
| 25 |  ATOM |
9.24 | +5.35 |
| 26 |  DYDX |
2.29 | +5.00 |
| 27 |  ACE |
5.41 | +4.97 |
| 28 |  DAR |
0.16 | +4.86 |
| 29 |  BOND |
3.14 | +4.80 |
| 30 |  OAX |
0.23 | +4.71 |
The price of coins is falling rapidly.
(Update every 1 minute)
| at | from | is ($US) | reduce (%) |
|---|---|---|---|
| 1 | REZ | 0.18 | -9.31 |
| 2 | W | 0.67 | -8.17 |
| 3 |  LEVER |
<0.01 | -6.23 |
| 4 |  VGX |
0.09 | -4.60 |
| 5 |  LSK |
1.91 | -4.54 |
| 6 |  SFP |
0.80 | -3.81 |
| 7 |  KMD |
0.40 | -3.80 |
| 8 | BOME |
0.01 | -3.34 |
| 9 |  JTO |
3.42 | -3.23 |
| 10 |  RIF |
0.18 | -3.22 |
| 11 |  HIGH |
4.07 | -2.86 |
| 12 |  BNX |
0.96 | -2.82 |
| 13 |  CTK |
0.71 | -2.60 |
| 14 | BONK |
<0.01 | -2.43 |
| 15 |  VIC |
0.63 | -2.31 |
| 16 |  COS |
0.01 | -2.26 |
| 17 |  HIFI |
0.83 | -2.26 |
| 18 |  AEVO |
1.44 | -2.24 |
| 19 |  VOXEL |
0.24 | -2.02 |
| 20 |  BLZ |
0.37 | -1.98 |
| 21 | ENA |
0.82 | -1.92 |
| 22 | WIF |
3.30 | -1.92 |
| 23 |  NULS |
0.65 | -1.90 |
| 24 |  FARM |
75.50 | -1.82 |
| 25 |  WIN |
<0.01 | -1.81 |
| 26 |  OM |
0.77 | -1.52 |
| 27 |  MOVR |
13.77 | -1.45 |
| 28 |  IOTX |
0.06 | -1.38 |
| 29 |  LDO |
2.06 | -1.34 |
| 30 | OP |
2.94 | -1.27 |
Bitcoin's Greed and Fear Index.
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