BNB Chain traders made millions on new memecoins going parabolic, with one turning $3,500 into $7.9 million amid a surge in onchain trading activity. Cryptocurrency traders made millions of dollars on small-cap memecoins on the BNB Chain over the past week, signaling a renewed wave of speculative capital fueling the current market cycle. Among the most profitable investors is trader “0xd0a2,” who turned an initial investment of $3,500 into $7.9 million, generating a 2,260-fold return in three days, according to blockchain intelligence platform Lookonchain. Trader “hexiecs” turned a $360,000 investment into over $5.5 million by investing in the recently launched “4” memecoin, which went parabolic after an X post from Binance co-founder and former CEO, Changpeng Zhao. Read more
Romania's Ministry of Finance has signed a EUR500 million finance contract with the European Investment Bank (EIB) to build the A1 Sibiu–Pitesti Motorway, the first motorway to cross the Carpathian Mountains.
From TerraUSD’s crash to Yala’s YU, several stablecoins have failed to hold their peg. Here’s why depegging happens and the risks you can’t afford to ignore. Stablecoins are nearing a $300-billion market cap, but adoption remains limited due to risks around depegging, collateral and trust. The depegging of stablecoins such as NuBits (2018), TerraUSD (2022) and USDC (2023) has revealed vulnerabilities across both algorithmic and fiat-backed models. The collapse of TerraUSD wiped out roughly $50 billion in value and exposed the systemic fragility of algorithmic designs. Read more
Romania's Competition Council has given green light to the notified acquisition of Sante International S.A. and Intermedica International S.A. by Alpha Medical S.R.L.