Look out for crypto instability as concerns over Tether’s exposure mounts

20 Sep 2021

SGT 0810
📉 BTC | $47,214 (-1,108, -2.3%)
📉 ETH | $3,329 (-103, -3.0%)
📉 XRP | $1.04 (-0.03, -2.8%)
📉 LTC | $174 (-6.9, -3.8%)

📉 Total Crypto Market Cap: $2.10T (-2.5%)

🍎 Apple is being sued (again) in a class-action lawsuit for allowing a “fraudulent” app (Toast Plus) to list on the App Store. Developers “stole” over $5 million worth in cryptocurrencies from users, and highlights a larger problem that Apple has been having with keeping “scam apps” out of its store.

🧑‍⚖️ Christie’s (world’s oldest auction house) will sell some of the earliest NFTs ever made – and will only be accepting ETH as payment. The NFTs – a set of Curio Cards, are expected to easily fetch over $1 million.

🚨 Speculation is rising that Tether – the largest stablecoin issuer, is holding China Evergrande debt. As to how Evergrande’s imminent implosion, relates to Tether, the organisation currently holds around $30 billion in commercial papers and CDs, but has not specified if it holds any Chinese debt.


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