{"id":431958,"date":"2026-06-25T21:48:26","date_gmt":"2026-06-25T16:18:26","guid":{"rendered":"https:\/\/dripp.zone\/news\/magic-internet-money-falls-50-below-peg-as-abracadabra-declares-emergency-crypto-news\/"},"modified":"2026-06-25T21:52:50","modified_gmt":"2026-06-25T16:22:50","slug":"magic-internet-money-falls-50-below-peg-as-abracadabra-declares-emergency-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/magic-internet-money-falls-50-below-peg-as-abracadabra-declares-emergency-crypto-news\/","title":{"rendered":"Magic Internet Money Falls 50% Below Peg as Abracadabra Declares Emergency &#8211; Crypto News"},"content":{"rendered":"<p>Abracadabra.money declared emergency measures Wednesday after its dollar-pegged stablecoin Magic Internet Money (MIM) fell roughly 50% below its $1 target. MIM was trading around $0.48 Thursday, its worst sustained depeg on record. &#8220;We&#8217;re acutely aware of the $MIM depeg and are taking emergency&#8230; <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/thedefiant.io\/news\/defi\/abracadabra-mim-depeg-emergency-measures-2026\">Read the full story at The Defiant<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Abracadabra.money declared emergency measures Wednesday after its dollar-pegged stablecoin Magic Internet Money (MIM) fell roughly 50% below its $1 target. MIM was trading around $0.48 Thursday, its worst sustained depeg on record. &#8220;We&#8217;re acutely aware of the $MIM depeg and are taking emergency&#8230; Read the full story at The Defiant<\/p>\n","protected":false},"author":2,"featured_media":431959,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[274,273,272,244,266,271,268,270,269,267],"class_list":["post-431958","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-de-fi","tag-crypto-finance","tag-decentralized-finance","tag-liquidity","tag-metamask","tag-pancake","tag-slippage","tag-sushiswap","tag-tronlink","tag-trust-wallet","tag-uniswap"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/431958","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=431958"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/431958\/revisions"}],"predecessor-version":[{"id":431960,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/431958\/revisions\/431960"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/431959"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=431958"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=431958"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=431958"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}