Stablecoin Project “Fei” Raises $1.3B Worth Of ETH – April 5

πŸ“ˆ 30 Second Cryptocurrency ,Price Summary

Current Bitcoin Price:Β $57,497

Bitcoin price has trickled down slightly over the weekend, beginning the week around $57,500.

Top-20 altcoins have had mixed performance over the last 24 hours, as Ethereum falls 1%, but XRP jumps 20% and BitTorrent sees a mammoth 69% run.

Top Stories for April 5, 2021 πŸ”₯

πŸ‘‰ Stablecoin Project “Fei” Raises $1.3B Worth Of ETH

Decentralized stablecoin project Fei has raised almost $1.3 billion worth of Ether in its “Genesis” launch event.

More than 17,000 people participated in the event, which enabled users to collateralize their Ether to mint the FEI stablecoin and earn the TRIBE governance token.

The stablecoin has not remained stable, however, trading as low as 88 cents – along with harsh penalties for those wanting to sell the token.

πŸ‘‰ Bitcoin Once Again Trading At Premium In South Korea

Bitcoin is once again trading at a premium on South Korean markets, currently fetching a price equivalent to USD$66,200.

This represented a significant 15% premium at the time of writing, well above the $57,000 price on US exchange Coinbase.

The South Korean premium reached as high as 55% in January 2018.

πŸ‘‰ DeFi Aggregator ForceDAO Hacked, Price Falls 95%

DeFi yield aggregator project ForceDAO has been exploited just hours after its launch, resulting in the loss of 183 ETH ($367,000).

The project was launched via an airdrop, however prices on the open market shortly dropped from more than $2 to just 5 cents following the attack.