Close Menu
  • Latest News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Meme Coins
  • DeFi
  • Tech
    • Blockchain
    • Security and Privacy
  • Web 3
    • Web3 News
    • Gaming
  • Legal
    • Taxes & Regulation
    • Adoption
  • Analysis
  • Learn
    • Education
    • Wallets and Exchanges
  • Tools
    • Market Overview
    • Converter
What's Hot

Senator Lummis says US is ‘waking up’ on crypto after historic legislative week

July 29, 2025

SUI and BNB Attract Over $1B Combined from Corporate Investors 

July 29, 2025

Hyperscale Data begins executing $10M XRP plan, shares jump 12% amid announcement

July 29, 2025
Facebook X (Twitter) Instagram
  • Contact
  • Privacy Policy
  • Terms & Conditions
  • Disclosure
Facebook X (Twitter) Instagram
Buy Crypto NewsBuy Crypto News
  • Latest News
    1. Bitcoin
    2. Ethereum
    3. Altcoins
    4. Meme Coins
    5. View All

    Bakkt Sells Loyalty Business and Pivots to Pure-Play Crypto, Offers Shares

    July 29, 2025

    Trump Backs U.S. Crypto Boom: “Bitcoin Is Great for Our Country”

    July 28, 2025

    Asia Morning Briefing: Trump's E.U. Tariff Deal Holds Bitcoin Near $119K

    July 28, 2025

    Analyst Predicts Bitcoin Bull Market Will Last Another 14 Months, Unveils Short and Long-Term BTC Price Targets

    July 28, 2025

    Is HashKey Capital About to Dump $47M Worth of Ethereum?

    July 29, 2025

    Ethereum Is About To Breakout Of Massive Consolidation Toward $5,000

    July 28, 2025

    6 mln ETH gone forever: Will shrinking supply fuel Ethereum’s $4K run?

    July 28, 2025

    Ethereum Whales Accumulate Over $4.1B In ETH In Two Weeks – Details

    July 28, 2025

    SUI and BNB Attract Over $1B Combined from Corporate Investors 

    July 29, 2025

    Finance Stock Explodes 353% As Company Announces New SUI Treasury Strategy

    July 29, 2025

    Ethereum: Holder accumulation slows, holders in profit soars – What’s next?

    July 28, 2025

    Bitcoin Short Squeeze Incoming As Market Makers Set Trap To Go Above $123,000

    July 28, 2025

    Pepe, BMT, CAKE: Crypto Activity Heats Up

    March 18, 2025

    SHIB Burns Over Half a Billion Tokens, Price Surges Over 7%

    March 17, 2025

    DOGE Sees Massive User Growth: Active Addresses Up 400%

    March 15, 2025

    Shiba Inu (SHIB) Price Analysis: Bullish Hints, Bearish Trend

    March 15, 2025

    Senator Lummis says US is ‘waking up’ on crypto after historic legislative week

    July 29, 2025

    SUI and BNB Attract Over $1B Combined from Corporate Investors 

    July 29, 2025

    Hyperscale Data begins executing $10M XRP plan, shares jump 12% amid announcement

    July 29, 2025

    Is Bitcoin losing momentum after failing to break $119K again?

    July 29, 2025
  • DeFi

    Is Bitcoin losing momentum after failing to break $119K again?

    July 29, 2025

    Here’s why the Lista DAO token price is pumping

    July 28, 2025

    How much has the crypto Industry lost to scams so far in 2025?

    July 28, 2025

    Christie’s International Real Estate launches crypto division for high-end property sales

    July 28, 2025

    Why is Bitcoin dropping today? Four clear drivers of the $115k tumble 

    July 27, 2025
  • Tech
    1. Blockchain
    2. Security and Privacy
    3. View All

    China Industrial Bank Fast-Tracks AI-Driven Stablecoin Plan Amid Dollar Dominance Threat

    July 29, 2025

    TaskOn Joins ACM Plus to Boost Privacy-First Cross-Chain Transfers

    July 29, 2025

    Southeast Asia Giant Grab Launches Crypto Top-Up in Philippines After Singapore Success

    July 28, 2025

    NOTAI and Zoro Technology Announce Strategic Partnership to Bring Powerful Tools to Devs And Web3 Communities

    July 28, 2025

    Active Campaign Exploits Cloud Flaws for Cryptomining

    July 24, 2025

    Accounting Firm Targeted by Malware Campaign Using New Crypter

    July 22, 2025

    Grok refuses to pick winner for Crypto Rover competition citing ZachXBT pump and dump evidence

    July 21, 2025

    XRP trading volume soars as new ATH attracts deepfake scam targeting investors

    July 18, 2025

    Senator Lummis says US is ‘waking up’ on crypto after historic legislative week

    July 29, 2025

    SUI and BNB Attract Over $1B Combined from Corporate Investors 

    July 29, 2025

    Hyperscale Data begins executing $10M XRP plan, shares jump 12% amid announcement

    July 29, 2025

    Is Bitcoin losing momentum after failing to break $119K again?

    July 29, 2025
  • Web 3
    1. Web3 News
    2. Gaming
    3. View All

    TalenAlexander CEO Jason Ramsey Launches Brand Therapy to Help Global Brands Achieve Strategic Growth

    July 29, 2025

    Binance launches RWUSD yield bearing stablecoin-like product offering 4.2% APR from RWAs

    July 28, 2025

    Fashion Quick Commerce Market is Set To Fly High in Years to Come| Myntra, Revolve, JD Fashion

    July 28, 2025

    Thailand Public and Enterprise Biometric Devices Outlook 2021 to 2039

    July 28, 2025

    On-Chain Games Don’t Have a ‘Secret Sauce,’ YGG’s New Advisor Says

    July 28, 2025

    Top 5 Gaming Blockchains Set to Explode in the Next Bull Run

    July 28, 2025

    Off the Grid Skin Sale Volume Hits $30K as the Avalanche Shooter Hits OpenSea

    July 26, 2025

    Octo Gaming Teams Up with Starknet for Exclusive Rollup-Powered Game Launch

    July 25, 2025

    Senator Lummis says US is ‘waking up’ on crypto after historic legislative week

    July 29, 2025

    SUI and BNB Attract Over $1B Combined from Corporate Investors 

    July 29, 2025

    Hyperscale Data begins executing $10M XRP plan, shares jump 12% amid announcement

    July 29, 2025

    Is Bitcoin losing momentum after failing to break $119K again?

    July 29, 2025
  • Legal
    1. Taxes & Regulation
    2. Adoption
    3. View All

    Senator Lummis says US is ‘waking up’ on crypto after historic legislative week

    July 29, 2025

    Tron Inc aims for $1B raise to bolster TRX reserves after merger boost

    July 29, 2025

    COINS Act Seen as Blueprint for India’s Web3 Future, Says Polygon Payments Head

    July 29, 2025

    China’s Kuaishou employees accused in $20M Bitcoin laundering scheme

    July 28, 2025

    Hyperscale Data begins executing $10M XRP plan, shares jump 12% amid announcement

    July 29, 2025

    PayPal’s “Pay with Crypto” opens new doors for 650 million users

    July 29, 2025

    The coming Bitcoin treasury bubble could rival the dot-com era with $11T of capital chasing BTC

    July 27, 2025

    Robert Kiyosaki slams ETFs for being ‘paper versions’ of Bitcoin, gold and silver

    July 26, 2025

    Senator Lummis says US is ‘waking up’ on crypto after historic legislative week

    July 29, 2025

    SUI and BNB Attract Over $1B Combined from Corporate Investors 

    July 29, 2025

    Hyperscale Data begins executing $10M XRP plan, shares jump 12% amid announcement

    July 29, 2025

    Is Bitcoin losing momentum after failing to break $119K again?

    July 29, 2025
  • Analysis

    Will Holders Trigger Strong Selloff?

    July 28, 2025

    Legendary Trader Peter Brandt Says One XRP Rival Could Become a ‘Rock Star,’ Unveils Massive Price Target for Silver

    July 28, 2025

    XRP Price Prediction For July 27

    July 27, 2025

    High-Net-Worth Investors Are Still Cautious on These Stocks – According to Fundstrat’s Tom Lee

    July 27, 2025

    $7,800,000,000 Asset Manager Piles Into Three Assets, Outlines Several ‘Massive’ Industry Disruptors

    July 27, 2025
  • Learn
    1. Education
    2. Wallets and Exchanges
    3. View All

    What Is Tokenization?

    July 11, 2025

    What Are Internet Capital Markets? Why Companies Are Launching Meme Coins

    June 16, 2025

    What is a Corporate Bitcoin Treasury? The Strategy Behind Companies Holding Crypto

    May 27, 2025

    What Are Tokenized Real-World Assets? Putting Physical Value On-Chain With RWAs

    May 19, 2025

    MEXC finds that 67% of Gen Z crypto traders use AI tools, resulting in fewer panic sells

    July 26, 2025

    Ancient whale sells $8 billion Bitcoin via Galaxy as price dips to $115k

    July 26, 2025

    WOO X suffers $14 million breach affecting 9 users, halts withdrawals

    July 25, 2025

    FTX creditors to receive next round of payouts by Sept 30

    July 24, 2025

    Senator Lummis says US is ‘waking up’ on crypto after historic legislative week

    July 29, 2025

    SUI and BNB Attract Over $1B Combined from Corporate Investors 

    July 29, 2025

    Hyperscale Data begins executing $10M XRP plan, shares jump 12% amid announcement

    July 29, 2025

    Is Bitcoin losing momentum after failing to break $119K again?

    July 29, 2025
  • Tools
    • Market Overview
    • Converter
Buy Crypto NewsBuy Crypto News
Home»Altcoins»Stablecoins Associated with First Digital Trust (FDT) Temporarily Depegs as Justin Sun Warns of Company’s Insolvency 
Altcoins

Stablecoins Associated with First Digital Trust (FDT) Temporarily Depegs as Justin Sun Warns of Company’s Insolvency 

April 3, 2025No Comments2 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

In a shocking development, Justin Sun, a well-known figure in the Tron (TRX) community, has brought to light the insolvency of First Digital Trust (FDT), a tech-based financial institution situated in Hong Kong. Sun’s revelation came through an X post on April 2nd, uncovering a significant loophole in FDT’s internal risk management and the trust licensing process in Hong Kong.

Expressing his concerns, Sun called upon regulators and law enforcement to swiftly address the issues at hand and prevent further financial losses. He emphasized the importance of safeguarding Hong Kong’s reputation as a global financial hub and ensuring that similar incidents of financial fraud do not occur in the future.

In response to the unfolding crisis, Sun announced plans to hold a press conference on April 3 to provide further updates and insights.

Market Impact

Following Sun’s announcement, FDUSD, a fiat-backed stablecoin supported by Binance exchange, experienced a 2 percent drop in value, trading at around 97 cents. The mid-cap stablecoin, with a valuation of approximately $2.54 billion and a daily trading volume of $6.9 billion, depegged for the first time, plummeting to as low as 91 cents before Yi He intervened to clarify the situation.

Yi He, co-founder of Binance, disclosed that Sun is pursuing legal action against TrueUSD (TUSD), a stablecoin with a market valuation of $495 million and a daily trading volume of $56 million. He reassured customers that Binance is actively monitoring the situation to ensure the safety of their assets.

In a series of tweets, Yi He highlighted Binance’s commitment to conducting regular fund checks and implementing robust risk control measures. He also mentioned Binance’s efforts to investigate the situation surrounding FDUSD and make informed decisions to protect their customers’ interests.

See also  Ethereum's sharp 15% fall: Is this a classic bull trap in play?

As the situation continues to unfold, the cryptocurrency community awaits further updates and actions to address the challenges posed by FDT’s insolvency. Stay tuned for more developments as the story evolves.

Companys Depegs digital FDT insolvency Justin Stablecoins SUN temporarily Trust warns
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

SUI and BNB Attract Over $1B Combined from Corporate Investors 

July 29, 2025

Finance Stock Explodes 353% As Company Announces New SUI Treasury Strategy

July 29, 2025

Ethereum: Holder accumulation slows, holders in profit soars – What’s next?

July 28, 2025

Bitcoin Short Squeeze Incoming As Market Makers Set Trap To Go Above $123,000

July 28, 2025
Add A Comment
Leave A Reply Cancel Reply

Top Posts

Raydium Breaks Key Level Showing Relative Strength – New Highs Next?

January 19, 2025

How to Prepare for Berachain: The Novel Proof-of-Liquidity Blockchain

January 28, 2025

Bitcoin Ready To Rally After Hitting Same ‘Extreme Fear’ Levels of COVID Crash and 2022 Bear Market: Trader

March 13, 2025
Price Chart


Explore insights on crypto, blockchain, taxes, and security. Stay informed with expert guides, tips, and the latest trends to navigate the digital asset world confidently


We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

Senator Lummis says US is ‘waking up’ on crypto after historic legislative week

July 29, 2025

SUI and BNB Attract Over $1B Combined from Corporate Investors 

July 29, 2025

Hyperscale Data begins executing $10M XRP plan, shares jump 12% amid announcement

July 29, 2025
Get Informed

Subscribe to Updates

Get the latest creative news From BuyCryptoNews directly in your Inbox!

  • Contact
  • Privacy Policy
  • Terms & Conditions
  • Disclosure
© 2025 BuyCryptoNews - All rights reserved.

Type above and press Enter to search. Press Esc to cancel.