December ETH Price Prediction · Posting Challenge 📈
With rate-cut expectations heating up in December, ETH sentiment turns bullish again.
We’re opening a prediction challenge — Spot the trend · Call the market · Win rewards 💰
Reward 🎁:
From all correct predictions, 5 winners will be randomly selected — 10 USDT each
Deadline 📅: December 11, 12:00 (UTC+8)
How to join ✍️:
Post your ETH price prediction on Gate Square, clearly stating a price range
(e.g. $3,200–$3,400, range must be < $200) and include the hashtag #ETHDecPrediction
Post Examples 👇
Example ①: #ETHDecPrediction Range: $3,150–
NYDIG exposes the fragility of the "1 USD peg" of stablecoins
After the market's fall of 500 billion USD last week, NYDIG released a report showing that major stablecoins like USDC, USDT, and USDe (Ethena) lost their peg to 1 USD during the market panic. Greg Cipolaro, NYDIG's research director, emphasized that the “fixed 1 USD level” is merely an illusion—stablecoins are essentially trading assets, fluctuating around 1 USD due to arbitrage activity.
On Binance, USDe fell to 0.65 USD, while other stablecoins temporarily exceeded 1 USD due to a lack of liquidity. NYDIG explained that issuers like Circle and Tether maintain the price through a mint-burn mechanism, but this system can break down when the market is under stress. Nonetheless, lending platforms like Aave remain robust, only liquidating 0.25% of the total locked value. NYDIG concluded: stablecoins are not a safe “digital dollar”, but rather market instruments that are subject to liquidity and sentiment risks.