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FDUSD stablecoin depegged 9% after Justin Sun raised concerns over Hong Kong-based First Digital Trust's solvency; Binance alone holds ~$2.2B worth of FDUSD (Daniel Kuhn/The Block) 02-04-2025

Daniel Kuhn / The Block: FDUSD stablecoin depegged 9% after Justin Sun raised concerns over Hong Kong-based First Digital Trust’s solvency; Binance alone holds ~$2.2B worth of FDUSD  —  – Justin Sun is warning users to pull funds from First Digital Trust, a Hong Kong-based firm once employed by TrueUSD’s owner Techteryx as a fiduciary. Lees verder op Tech Meme

Sources: Justin Sun bailed out Techteryx's TrueUSD after $456M in reserves, managed by First Digital, became illiquid; Techteryx says it was a victim of fraud (Sam Reynolds/CoinDesk) 02-04-2025

Sam Reynolds / CoinDesk: Sources: Justin Sun bailed out Techteryx’s TrueUSD after $456M in reserves, managed by First Digital, became illiquid; Techteryx says it was a victim of fraud  —  Justin Sun bailed out Techteryx’s TrueUSD stablecoin after nearly half a billion dollars of its reserves were rendered illiquid … Lees verder op Tech Meme

Adobe updates Premiere Pro with AI-powered features like Generative Extend, which lets users extend clips by two seconds with 4K quality and background audio (Jess Weatherbed/The Verge) 02-04-2025

Jess Weatherbed / The Verge: Adobe updates Premiere Pro with AI-powered features like Generative Extend, which lets users extend clips by two seconds with 4K quality and background audio  —  Generative Extend is now rolling out, alongside an AI-powered search panel and caption translations. Lees verder op Tech Meme