PANews reported on November 9th that Re7 Labs released a report on the impact of xUSD de-pegging, indicating that over $13 million in funds were affected by Stable Labs. The report stated: 1. Stream-xUSD: Stream's CEO has assured that the company's financial situation is stable and unaffected by market events. Stream has already partially repaid its lending positions on Plasma and $7 million worth of USDC held in Re7 Labs' vault on Worldchain. Meanwhile, to prevent further risk exposure, Re7 Labs has transferred all funds from the Earn vault out of the xUSD market. Furthermore, the cap on the xUSD market has been set to 0, and it has been removed from the Euler Earn vault's supply queue. 2. Elixir-deUSD and sdeUSD: After discovering last week that borrowers using deUSD and sdeUSD as collateral appeared to be associated with Stream, they began to reduce their risk exposure to Stream and Elixir. Specific measures included lowering investment limits and moving funds out of markets that included xUSD, deUSD, and sdeUSD. Currently, all borrowing positions using sdeUSD as collateral have been fully repaid on Plume. 3. Stable Labs-USDx and SUSDx: We communicated with Stable Labs CEO Flex this week and found that he may be in trouble. We have asked him to deposit liquidity so that users can close their positions. The funds affected by Stable Labs are approximately $13,114,000 and we have not yet received a response. Re7 Labs stated that it is seeking legal advice and will develop appropriate legal and strategic responses after a comprehensive assessment of all aspects of the incident.PANews reported on November 9th that Re7 Labs released a report on the impact of xUSD de-pegging, indicating that over $13 million in funds were affected by Stable Labs. The report stated: 1. Stream-xUSD: Stream's CEO has assured that the company's financial situation is stable and unaffected by market events. Stream has already partially repaid its lending positions on Plasma and $7 million worth of USDC held in Re7 Labs' vault on Worldchain. Meanwhile, to prevent further risk exposure, Re7 Labs has transferred all funds from the Earn vault out of the xUSD market. Furthermore, the cap on the xUSD market has been set to 0, and it has been removed from the Euler Earn vault's supply queue. 2. Elixir-deUSD and sdeUSD: After discovering last week that borrowers using deUSD and sdeUSD as collateral appeared to be associated with Stream, they began to reduce their risk exposure to Stream and Elixir. Specific measures included lowering investment limits and moving funds out of markets that included xUSD, deUSD, and sdeUSD. Currently, all borrowing positions using sdeUSD as collateral have been fully repaid on Plume. 3. Stable Labs-USDx and SUSDx: We communicated with Stable Labs CEO Flex this week and found that he may be in trouble. We have asked him to deposit liquidity so that users can close their positions. The funds affected by Stable Labs are approximately $13,114,000 and we have not yet received a response. Re7 Labs stated that it is seeking legal advice and will develop appropriate legal and strategic responses after a comprehensive assessment of all aspects of the incident.
Re7 Labs releases report on the impact of xUSD de-pegging: Over $13 million in funds affected by Stable Labs, with no response yet received.
PANews reported on November 9th that Re7 Labs released a report on the impact of xUSD de-pegging, indicating that over $13 million in funds were affected by Stable Labs. The report stated:
1. Stream-xUSD: Stream's CEO has assured that the company's financial situation is stable and unaffected by market events. Stream has already partially repaid its lending positions on Plasma and $7 million worth of USDC held in Re7 Labs' vault on Worldchain. Meanwhile, to prevent further risk exposure, Re7 Labs has transferred all funds from the Earn vault out of the xUSD market. Furthermore, the cap on the xUSD market has been set to 0, and it has been removed from the Euler Earn vault's supply queue.
2. Elixir-deUSD and sdeUSD: After discovering last week that borrowers using deUSD and sdeUSD as collateral appeared to be associated with Stream, they began to reduce their risk exposure to Stream and Elixir. Specific measures included lowering investment limits and moving funds out of markets that included xUSD, deUSD, and sdeUSD. Currently, all borrowing positions using sdeUSD as collateral have been fully repaid on Plume.
3. Stable Labs-USDx and SUSDx: We communicated with Stable Labs CEO Flex this week and found that he may be in trouble. We have asked him to deposit liquidity so that users can close their positions. The funds affected by Stable Labs are approximately $13,114,000 and we have not yet received a response.
Re7 Labs stated that it is seeking legal advice and will develop appropriate legal and strategic responses after a comprehensive assessment of all aspects of the incident.
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact [email protected] for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
You May Also Like
Italy Wants a Digital Euro – But Not at Its Own Expense
Key Takeaways Italy’s banking sector supports the ECB’s digital euro but wants costs shared over time. The project could launch […] The post Italy Wants a Digital Euro – But Not at Its Own Expense appeared first on Coindoo.
Share
Coindoo2025/11/09 13:00
AI Market Power: Not a Bubble, It’s Here to Stay
Certainly! Here’s a rewritten, polished version of the article, including an introduction, key takeaways, and improved readability while maintaining the original HTML structure: — As AI technology advances, its influence extends beyond automation and innovation—it’s revolutionizing the very fabric of global financial markets. Autonomous, self-learning AI agents are now actively competing within cryptocurrency and traditional [...]
Share
Crypto Breaking News2025/11/09 13:29
Will Bitwise DOGE ETF Filing Lift Price to New Highs
The post Will Bitwise DOGE ETF Filing Lift Price to New Highs appeared on BitcoinEthereumNews.com. Bitwise Asset Management filed for a spot DOGE exchange-traded fund in the United States on November 6, 2025, referencing the Dogecoin price. The firm used Section 8(a), which allowed automatic effectiveness after 20 days unless the SEC intervened. Regulatory Clock and Filing Details Bloomberg analyst Eric Balchunas said the filing aimed to place Dogecoin on the same regulated shelf as BTC and ETH. He framed the bid as an effort to align market structure for the memecoin with earlier spot funds. Bitwise continued to expand its lineup of digital‑asset funds. The proposed DOGE vehicle would have offered exposure to the token inside a familiar wrapper for institutions. The structure mattered to allocators. An ETF avoided direct token custody. It integrated with brokerage workflows, portfolio systems, and standard reporting. Industry reaction mixed serious mechanics with light tone. When a Fox Business reporter asked for comment on X, the firm replied with a playful dog reference. The exchange kept the subject visible while the process advanced. Source:X Dogecoin Price Levels and ETF Context The filing highlighted a broader shift. Investors looking for regulated access to well‑known tokens beyond BTC and ETH. Some asset managers sought to capture that demand with new products. A 2025 survey by AIMA said 71% of hedge funds planned to increase BTC exposure in 2025. The data suggested a more open stance toward digital assets among professional investors. A spot DOGE ETF would have extended that access to a liquid, widely recognized token. The wrapper would have allowed positions without wallets, keys, or exchange accounts. Traders also watched chart levels as the filing progressed. CantoneseCat noted that DOGE had not reclaimed the 0.5 logarithmic Fibonacci retracement from the last cycle high to the low. Fibonacci retracement tools mapped potential reaction points. The method measured fractions of a prior…
Share
BitcoinEthereumNews2025/11/09 13:00