Altura is winding down its stablecoin yield vault following a surge of over 8.5 million USDT in withdrawal requests within 24 hours, driven by market concerns after Main Street's MSUSD stablecoin lost its peg. Although Altura had no direct exposure to Main Street, sustained withdrawal demand and negative market sentiment prompted an orderly closure of the vault. The company is unwinding positions across various assets and working with partners to return capital to users as quickly as possible, with no set completion date. This event highlights risks in stablecoin yield products amid growing demand for tokenized real-world assets and stablecoin yields.
Ethereum futures long positions among top traders increased by over 3 percentage points across both USDT- and coin-margined markets, indicating a broad-based shift in short-term sentiment. This rise suggests heightened attention on ETH compared to ot...
NVIDIA announced that leading Japanese companies in robotics and manufacturing are adopting its Cosmos, Isaac, Metropolis, and Jetson platforms to accelerate AI-powered intelligent machines across industries. The new Cosmos 3 Edge model enables real-...
Oil prices are rising sharply due to renewed US naval blockades on Iranian shipping and increased tensions in the Strait of Hormuz, a critical oil transit route. Brent crude is holding above $85 and WTI above $80, with forecasts suggesting WTI could ...
The US government announced it will impose a new 25% tariff on Brazilian ethanol starting next Wednesday, accusing Brazil of unfair trade practices. This tariff excludes major Brazilian exports like oil, beef, coffee, and aircraft parts. The move fol...
Alibaba and Baidu shares rose after Apple received approval from China's Cyberspace Administration to include Apple Intelligence, integrating Alibaba's Qwen AI model and Baidu's AI features into Apple devices in China. This partnership allows users t...
