.HuobiGlobal is denying that its executives were arrested in China, yet stablecoin balances are down 30% on the exchange, thesamreynolds reports.
shows that Huobi currently has a balance of approximately $2.5 billion. This balance is down from $3.1 billion at the start of the year. On-chain data also shows that some of the exchange’s largest holdings are from tokens connected to the Justin Sun universe of companies and protocols.
Data shows that 26.5% of the exchange’s holdings are in TRX, TRON’s token, and 20.32% of the holdings are in HT, its exchange token. Huobi has roughly $1 billion in highly liquid assets, including $886.92 million in bitcoin, $48.27 million in USDT, and $5.41 million in USDC, according to DeFi Llama data., analytics firm CryptoQuant had flagged concerns over the quality of Huobi’s reserves.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Huobi Insolvency Rumors Linked to Bulk USDT Selling by Binance: AnalystNotable cryptocurrency analyst, Adam Cochran, has ignited speculation about potential financial instability at cryptocurrency exchange Huobi
Read more »
Worst natural disaster in over 30 years wreaks havoc in SloveniaSlovenia’s prime minister says the country has faced the worst-ever natural disaster in its history after devastating floods caused damage estimated at over $500 million
Read more »
Idaho school bus crash sends 30 kids to the hospital, 11 criticalAll thirty kids aboard a school bus in Idaho were hospitalized after it crashed and overturned on a highway north of Boise on Friday.
Read more »
All 30 Dwayne Johnson Action Movies Ranked Worst To BestThe Rock is one of the most bankable stars in Hollywood who has starred in 30 action movies in just over 20 years, and here they are, worst to best.
Read more »
30 Movie Twists, Scares, And Reveals That Were So Good, They Tooootally Blindsided Everyone'God, the first time I watched The Departed I actually yelled 'What the f***?!' at my TV after THAT scene. Just stared at the screen with my mouth open. One of the best movies of all time.'
Read more »
History: Luis Robert Jr. first White Sox center fielder to reach a 30-home run seasonThe All-Star center fielder clocked a no-doubter against Noah Syndergaard and the Guardians on Saturday
Read more »