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Re:Crypto.com Halts Solana USDC and USDT Withdrawals by fragmede on Wednesday November 09, 2022 @04:14PM (#33537932)
the price of Solana is going to crater due to a massive increase in supply*, and crypto.com is hedging their bets.

* https://u.today/320-million-in-solana-will-hit-market-in-24-...*

Re:Crypto.com Halts Solana USDC and USDT Withdrawals by tell3 on Wednesday November 09, 2022 @04:22PM (#33538034)
USDC and USDT prices have nothing to do with the SOL price
Re:Crypto.com Halts Solana USDC and USDT Withdrawals by wen_1k_btc on Thursday November 10, 2022 @11:40AM (#33549124)
This turned out to be incorrect. I think the actual number is closer to 1/10th of that. Solana's main Twitter page has the story.
Re:Crypto.com Halts Solana USDC and USDT Withdrawals by fragmede on Thursday November 10, 2022 @01:38PM (#33551088)
Yeah but they did that by preventing the tokens from being unstaked. It's not clear that's a good thing, but here we are.