logo

Seraph announces the use of project reserve funds to repurchase up to 5 million USDT equivalent tokens from major exchanges and the Pancake liquidity pool

By: theblockbeats.news|2025/07/16 21:22:11
0
Share
copy

BlockBeats News, July 16th, $SERAPH experienced multiple external address concentration sell-offs on July 12th, causing a rapid and intense cross-platform price fluctuation. After the incident, the Seraph team promptly mobilized resources for emergency intervention, swiftly conducting multiple rounds of token buybacks on-chain in sync with major exchanges to curb the abnormal price drop and stabilize market sentiment.

Although this event has brought about a temporary impact, it will not alter the fundamental development of Seraph in the long term. The S3 Season Rewards and the 30-day Staking Event Rewards will be distributed as planned. We sincerely apologize to users affected by this round of volatility and appreciate all supporters for their patience and trust shown during this critical time.

Seraph will continue to proactively maintain market order and safeguard the value co-built by the community through enhanced on-chain risk control mechanisms and transparent communication.

-- Price

--

You may also like

6MV Founder: In 2026, the "landmark turning point" for crypto investment has arrived

"I will deploy funds in 2026, so I will tell you this is the best year in history."

Abraxas Capital Mints $2.89 Billion USDT: Liquidity Boost or Just More Stablecoin Arbitrage?

Abraxas Capital just received $2.89 billion in freshly minted USDT from Tether. Is this a bullish liquidity injection for crypto markets, or is it business as usual for a stablecoin arbitrage giant? We analyze the data and the likely impact on Bitcoin, altcoins, and DeFi.

A VC from the Crypto world said AI is too crazy, and they are very conservative

Amid the Crypto frenzy and with investors who once missed out on Pinduoduo, a new AI fund called Impa Ventures was established, rejecting bubble narratives and adhering to a conservative "problem-first" strategy to seek real business value.

The Evolutionary History of Contract Algorithms: A Decade of Perpetual Contracts, the Curtain Has Yet to Fall

The ten-year evolution of perpetual contracts: from pulling the plug on 312 to the shocking short squeeze of TRB, a deep dive into the pricing machine that averages $200 billion daily, written with countless liquidations and real money, detailing the blood and tears of risk control theory.

Kicked out by PayPal, Musk aims to make a comeback in the cryptocurrency market

Cashtags generated a trading volume of 1 billion dollars just a few days after its launch, marking a strong start for Musk's super app strategy. For the cryptocurrency market, X's layout may be one of the most anticipated sources of retail growth after the meme coin craze subsides.

Solana ETF News: What Is a Solana ETF and Why Is Goldman Sachs Betting $108 Million on SOL?

Solana ETF news today shows Goldman Sachs disclosed a $108M position while total SOL ETF inflows reached $1.45B. Analysts now expect up to $6B in institutional demand as Solana trades 71% below its all-time high.

Contents

Popular coins

Latest Crypto News

Read more