🪙 For the first time in history, #Solana has surpassed #Ethereum in trading volume on #DEX

According to #Defillama data for July, the trading volume of #SOL on decentralized exchanges amounted to $55.8 billion, compared to $53.8 billion for #ETH.

📉 However, despite these positive indicators for Solana, the coin has gone down amidst new testimonies from an #FTX whistleblower. The testimonies reveal that SBF’s conglomerate currently holds about 8% of SOL in its secret wallets, which amounts to approximately $6 billion.

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#CryptoNews

🪙 #Tether Under Pressure Again

Consumers' Research, a consumer advocacy group, has published a new report accusing the issuer of #USDT of a lack of transparency and the absence of a full audit of the reserves backing their stablecoin.

The report calls Tether the new #FTX, pointing to the possibility of a similar collapse with their crypto dollar's value dropping to zero. In addition to the report, Consumers' Research sent an open letter to the governors of all U.S. states and launched social media ads on radio and the internet.

😨 — Everything is lost; #USDT is done for
😎 — I’ll wait for the panicking crowd to move their capital to #BTC

#CryptoNews

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