Frax Finance announced that its dollar-linked stablecoin, Frax USD (frxUSD), is backed by 103% collateral. A new reserve tracker, launched in partnership with DefiLlama on November 2, provides real-time visibility into the stablecoin's reserves, covering 10 positions across eight accounts both onchain and offchain. This transparency supports Frax USD's goal to maintain a stable value equal to the U.S. dollar. The tracker enhances investor confidence by showing the stablecoin's strong collateral backing.
Frax Finance's announcement about Frax USD's 103% collateralization provides context for cryptocurrency market activity. For readers following crypto assets, here is Pluang's market snapshot as of Nov 04, 2026 11:21 WIB: out of 50 major cryptocurrencies priced on Pluang, 24 rose and 25 fell. Notable movers include UNI at Rp130.283 with a 1-day change of +3.65% and a typical hold time of 65 days, BAT at Rp2.298 up 2.81%, and FIL at Rp15.256 down 2.79%.
Milestone Pharmaceuticals announced the grant of 33,000 stock options to a newly hired employee as an inducement under Nasdaq Listing Rule 5635(c)(4). The options, priced at $0.72 each, will vest over four years with a one-year cliff and monthly inst...
BitMart, a crypto exchange in the Cayman Islands, suffered a $391,000 hack on November 2, 2026, during its court-supervised restructuring and after halting trading in August. The stolen funds came from wallets on Ethereum layer-2 networks Base, Arbit...
Anatoly Yakovenko, co-founder of Solana Labs, posted a brief message advising data center operators to "pivot to crypto." This suggests a growing overlap between traditional data center services and blockchain-based computing, especially as high-perf...
Midterm election projections indicate Democrats could flip 30 seats in the U.S. House, securing a strong majority. This political forecast coincides with Bitcoin's price falling below $77,000, marking a notable dip in the crypto market. While the ele...
Arthur Hayes, co-founder of Bitmex, suggests Bitcoin's next price rally depends on increased dollar liquidity from either commercial banks or the Federal Reserve expanding their balance sheets. He explains that commercial bank lending can create new ...
