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06:26
The Clarity Act draft restricts users to earning interest only by holding a stablecoin
BlockBeats News, January 13th. According to crypto journalist Eleanor Terrett, in the stablecoin yield issue, banks may have gained the upper hand in this round of the game. The latest leaked draft of the "Clarity Act" (page 189) stipulates that companies must not pay interest based solely on user balances. Users can still receive rewards, but these rewards must be tied to specific actions, such as: opening an account, conducting transactions, staking, providing liquidity, offering collateral, and participating in network governance. Currently, senators have 48 hours to propose amendments to the text, so there is still uncertainty about whether these terms will remain unchanged in Thursday's version.
06:18
NYC Token: We have noticed the reports regarding "liquidity removal" and the team has added funds to the liquidity pool.
On January 13, in response to the rapid surge and subsequent decline of NYC Token after its launch causing community concern, the project issued a statement on the X platform clarifying that due to market support and demand exceeding expectations during the initial launch phase, NYC Token partners conducted liquidity rebalancing operations on the liquidity pool. The team has now noticed community reports regarding some "liquidity removal" and has initiated TWAP fundraising efforts, added funds to the liquidity pool, and emphasized that the team will invest in the project's long-term development.
06:09
NYC Token: Please be advised that we have noted the reports regarding "liquidity removal" and have added funds to the liquidity pool
BlockBeats News, January 13th. In response to the rapid surge and pullback of the NYC Token price after listing, which raised community concerns, the project issued a statement on the X platform clarifying that due to higher-than-expected market support and demand in the early stages of token listing, NYC Token partners conducted a liquidity rebalancing operation on the liquidity pool. The team has now taken note of community reports regarding some "liquidity removal," initiated TWAP fundraising efforts, added funds to the liquidity pool, and emphasized that the team is committed to long-term project development.
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