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by crypt1d 1277 days ago
USDC withdrawals have been enabled again, but I don't suppose that's HN front-page worthy as much as the panic inducing titles.

https://twitter.com/binance/status/1602708590271385600?s=20&...

3 comments

? Withdrawals working isn’t newsworthy — that should always be the case. But when a “financial institution” in a notoriously unstable market segment prevents users from withdrawing their own funds, then of course its going to be a big story (as it should be!).
Withdrawals RESUMING after stopping is just as newsworthy.
Yes, suprisingly people seem to react negatively to being frozen out of withdrawing their cash and those events are newsworthy?
Its a pretty big leap from "you cannot withdraw this particular stablecoin at the moment, use another one" to "you cannot withdraw your cash". Devil is in the details.
Isn't the stablecoin considered a financial instrument? The devil may be in the details, but the high level facts remain. People could not access financial instruments that they own, and that could be considered newsworthy.
What about all the planes that made it to their destination? Why doesn't the news report that?