#CounterpartyRisk

Tether Caps EQIBank Exposure at Less Than 0.034% of Assets

1h ago

Tether Caps EQIBank Exposure at Less Than 0.034% of Assets

The disclosure points to limited direct exposure, but the seizure highlights the banking and payment intermediaries that stablecoin issuers rely on to move customer funds.

CoinDesk

BitMEX Switches to Reduce-Only Mode as Shutdown Begins

🩸BEARISH

30d ago

BitMEX Switches to Reduce-Only Mode as Shutdown Begins

Traders gave up the ability to open new positions at 04:00 UTC on Aug. 26, with force-closes looming through Sept. 23 and a 1% annual drag on balances left behind.

CryptoSlate

Tron Inc. parks 90%+ of assets in uninsured JustLend as TRX…

🩸BEARISH

43d ago

Tron Inc. parks 90%+ of assets in uninsured JustLend as TRX…

Concentrating the vast majority of corporate assets in a single uninsured DeFi protocol raises acute counterparty risk questions, especially as Justin Sun simultaneously hypes JST as a '100x token.'

CryptoSlate