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Jump Trading earned more than $1 billion for supporting the TerraUSD token rate Jump Trading has earned more than $1 billion for supporting the UST stablecoin exchange rate under a deal with Do Kwon's Terraform Labs The trading company struck a secret deal with Do Kwon's Terraform Labs and supported the UST's peg to the May 2021 dollar exchange rate U.S. trading company Jump Trading struck a secret deal with Terraform Labs to support the TerraUSD (UST) stablecoin a year before it collapsed, Fortune reports, citing court documents...

Conflux rises 14% after news of blockchain sim card launch Conflux token rises 14% after China unveils blockchain-enabled sim card China's state-owned China Telecom and Conflux Network unveiled in Shanghai the first sim card that supports the technology needed for digital assets and other Web3 activities The Conflux cryptocurrency (CFX) rose 14 percent after reports that China Telecom and blockchain company Conflux Network unveiled the first blockchain-enabled sim card (BSIM). The value of the coin rose from $0...

EU adopts common rules for all countries to regulate cryptocurrencies EU countries unanimously approved the adoption of common regulations for the crypto industry MiCA The Council of Europe announced the adoption of new legal rules for the digital asset industry in the European Union The Council of Europe announced the adoption of rules to regulate digital assets Markets in Crypto-Assets (MiCA). The 27 EU member states unanimously supported the bill. The document introduces institutional regulation...

Musk's advanced LADYS token brought its 10 largest holders $20 million in profits Elon Musk's advanced LADYS token brought its 10 largest holders $20 million in unrealized gains Due to the asset's small amount of liquidity on exchanges, large holders of the memetic token may have difficulty realizing these gains The number of unrealized profits of the top 10 holders of the cryptocurrency Milady Meme Coin (LADYS) exceeded $20.4 million, according to analytical service Lookonchain. These addresses hold 180 trillion LADYS tokens, representing 20.3% of the coins issued. The LADYS token was launched on the Ethereum network in early May and also supports the Arbitrum network standard (ARB)...