Tether issues an additional 3 billion USDT for chain swapTether’s total supply remains unchanged

Cryptocurrency markets were mixed today.

Tether issues an additional 3 billion USDT for chain swapTether's total supply remains unchanged

June 1 (Xinhua) — The cryptocurrency market is mixed today. As of press time, BTC is at $37,641.54, up 0.88%, ETH is at $2,706.445, down 0.08%, LTC is at $190.017, up 0.96%; OKB is at $13.550, down 1.46%; DeFi section is down in general, the top three intra-day gainers on the OEI OKEx platform are. TORN (+21.79%), MXT (+3.35%), PNK (+2.55%).

OKEx trading big data shows that the total position of BTC contract today is 1.377 billion U.S. dollars, the number of long and short positions ratio is 1.46, the active buying volume exceeds the active selling volume of about 3.25 million U.S. dollars; elite positions, long accounts 44%, short accounts 50%, the average ratio of elite long and short positions are 20.74% and 15.08%.

OKEx official news, Mina Protocol (MINA) has been launched on the platform and opened for top-up at 22:30 (HKT) on May 31, the market trading time of MINA/USDT is 8:30 (HKT) on June 1, and the withdrawal time of MINA is 18:00 (HKT) on June 2. Classic account MINA will be opened by pool bidding, and unified account will be opened for trading after the end of pool bidding for classic account.

Industry News

[Data] Tether issues 3 billion additional USDT for chain swap Tether’s total supply remains unchanged

According to Whale Alert, on May 31 at 23:09 GMT, Tether issued another 1 billion USDT on the ethereum network, adding to the two previous issuances of 2 billion USDT at 22:47 and 23:06, for a total of 3 billion USDT. Tether previously tweeted that it will work with a third party on the 3 billion USDT chain swap (conversion from Wavefield TRC20 to Ether ERC20), and that Tether’s total supply will not change in the process.

[Industry] Mt. Gox claims online system opens for voting

On May 31, the collapsed Japanese cryptocurrency exchange Mt. Gox made an announcement that the online system for recovery claims launched a voting function. Starting today, claimants can begin voting on whether to accept civil rehabilitation proposals. The deadline for voting online is October 8, 2021. In order for the proposal to pass, the minimum threshold for voting is 50 percent, so even a majority of votes cast positively could defeat the proposal. Mt. Gox, once the world’s largest bitcoin exchange, was reportedly shut down in 2014 due to theft and filed for Chapter 11 bankruptcy, with creditors waiting for years to be paid off. After receiving several extensions, Mt. Gox bankruptcy trustee Nobuaki Kobayashi submitted a draft rehabilitation plan to the Tokyo District Court on December 15, 2020, and a revised version was submitted on February 15 this year.

【Industry】Ethiopia Layer 2 solution zkSync 2.0 goes live on zkEVM beta network Alpha

According to the official news, Matter Labs, an Ethernet scaling project, announced that zkSync 2.0, an Ethernet Layer 2 solution, went live on the zkEVM Test Network Alpha, and users can already view the activities on zkSync 2.0 using the block browser. Key achievements of this release include completion of the zkEVM instruction set; smart contracts written in Solidity and Zinc can now be compiled into zkEVM bytecode; and completion of full node integration, enabling successful deployment and execution of compiled smart contracts.

[Industry] Korbit Exchange Launches Korea’s First NFT Marketplace

Korbit Exchange has launched Korea’s first NFT marketplace, where Korbit says NFT creators can officially sell their digital artwork or music. This includes cryptocurrency investors who currently own NFTs and wish to resell them on the public market. All sales will be made through Ether.

[Opinion] Cardano Founder: The Cryptocurrency Space Will Replace the Traditional Financial System

Cardano (ADA) founder Charles Hoskinson said he believes the cryptocurrency space will take over the traditional financial system and change the world in the near future, thanks to the innovation involved. hoskinson also said that while cryptocurrencies may still be in their infancy, he believes the industry will mature quickly and said that in the next 10 years, the crypto industry’s monetary policy will be more advanced than central banks have been for the past 100 years. In addition, Hoskinson believes that while the cryptocurrency market has been largely following bitcoin price movements, certain projects may be decoupled from bitcoin this year.

Posted by:CoinYuppie,Reprinted with attribution to:https://coinyuppie.com/tether-issues-an-additional-3-billion-usdt-for-chain-swaptethers-total-supply-remains-unchanged/
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