Welcome back to the Monday Tennis Briefing, where The Athletic will explain the stories behind the stories from the past week on court. This week, the ATP Tour season came to an end ahead of the Davis Cup Finals. The calendar again came under scrutiny, a stacked field revealed a lot about tennis politics, and a women’s star stood up for her nation again. If you’d like to follow our fantastic tennis coverage, click here. What is the future of the tennis calendar? At the ATP Tour Finals last week,.
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Jalen Hurts scored the only touchdown in an otherwise feeble effort from the Philadelphia Eagles’ offense, and it was enough to lead them to a 16-9 win over the Detroit
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National Grid donates to local food banks and pantries across New York to help combat food insecurity for families facing economic challenges.
The post Cardano whale loses 90% ADA after conversion to an illiquid stablecoin appeared com. Key Takeaways Why did the whale lose $6M? The low liquidity triggered fluctuations and a subsequent devaluation of the swapped funds. What’s the status of Cardano DeFi? Besides a relatively low TVL, Cardano’s ecosystem is struggling with a limited stablecoin supply. A Cardano [ADA] whale got a painful lesson on trading on illiquid platforms over the weekend. The 5-year-old holder swapped 14. 4 million ADA tokens, worth $6. 9 million, for only 847, 695 USDA, a little-known USD-backed stablecoin by Anzens on the Cardano blockchain. That translated to a $6. 05 million loss or about 90% devaluation of his initially transferred ADA stash. According to renowned Web3 security analyst ZachXBT, the fluctuation was due to the stablecoin’s low liquidity. As of writing, he scooped Turtlecoin (TRTL) and other lesser-known coins. Cardano DeFi liquidity problem That said, the Anzens USDA had only $10 million in market cap, underscoring its liquidity risk, especially for large transactions. For a frictionless trading experience, the volume and liquidity of a platform, as well as its assets, are always crucial. Players can smoothly enter and exit positions without distorting the market or incurring losses in a more liquid venue. On centralized platforms, Binance, Coinbase, and others rank high in terms of liquidity, which attracts players with large orders. On on-chain platforms, DEXes across Ethereum [ETH], Hyperliquid [HYPE], Solana [SOL], and BNB Chain platforms have demonstrated significant liquidity depths, providing a smooth experience. But such depths are lacking across the Cardano ecosystem. Its low stablecoin supply is one of the telltale signs of Cardano’s DeFi inefficiency. It had only $38 million in stablecoin liquidity, mostly dominated by Moneta dollar (USDM) and Anzens USDA.
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TLDR Gold investor Peter Schiff labeled Strategy’s business model a “fraud” and challenged founder Michael Saylor to a debate in Dubai this December Schiff claims Strategy’s preferred shares offer yields that will never be paid, predicting a “death spiral” when fund managers realize this Bitcoin has dropped over 20% from its October all-time high above [.] The post Peter Schiff Calls Strategy’s Bitcoin Model a Fraud, Challenges Michael Saylor to Debate appeared first on CoinCentral.
The YouTuber claims he’s being targeted by Tennessee authorities over a legal car registration loophole.
Happy birthday Gene Clark (Byrds). We’re still here without you. Hüsker Dü takes on the Byrds’ “Eight Miles High” (co-written by Clark) at MAGNET: The post Happy Birthday Gene Clark (Byrds) appeared first on Magnet Magazine.