Bitcoin, Ether price slump leads to crypto bloodbath with $1B in liquidations
The liquidation event saw one trader lose $55.9 million, while another saw $10 million worth of hedged positions get liquidated. Go to Source
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Huobi’s TVL drops to $2.5B amid rumors of insolvency, investigations in China
The exchange faces ongoing rumors about its stablecoins reserves and an alleged investigation by Chinese authorities. Go to Source
Aave Chan founder proposes buying $2M CRV from Curve founder
The proposal drew mixed reactions from the community where some criticized the strategy for buying more CRV even as others are looking to shed exposure. Go to Source Powered by WPeMatico
Protocol to identify ‘systemically important’ blockchain banks could help prevent a market crash: Study
After the collapse of Terra, the digital assets sector needed a way to identify critical nodes in the global DeFi community. Go to Source Powered by WPeMatico
Abracadabra proposes hiking loan interest rate by 200% to manage Curve risk
The Curve Finance exploit has created a liquidity crisis in the DeFi ecosystem and many lending protocols are rushing to minimize their exposure. Go to Source Powered by WPeMatico
Cex price feed prevents Curve price from collapsing amid $100M vulnerability
A vulnerability in the Vyper programming language widely used by DeFi protocols like Curve Finance led to exploit of multiple Curve liquidity pools on Sunday. Go to Source Powered by WPeMatico
DeFi options platform uses social logins, margin trading to draw in liquidity
Developers claim Synquote handled one single trade of over $1 million of notional volume with no detectable slippage in its beta period. Go to Source Powered by WPeMatico
Bitcoin price hangs in the balance — Friday’s $2.26B BTC options could result in more downside
Bitcoin bears benefit from the current macroeconomic uncertainty and are aiming for a $270 million profit if the BTC price falls below $25,000. Go to Source Powered by WPeMatico
Bitcoin price risk? US debt deal to trigger $1T liquidity crunch, analyst warns
Bitcoin price could drop to $20,000 in Q3 amid mounting worries about a potential cash liquidity crisis led by the U.S. Treasury Department. Go to Source Powered by WPeMatico
Bancor DAO hit with class action suit over impermanent loss protection promises
The pioneering DAO allegedly offered “risk-free” products that cost American retail investors tens of millions of dollars in losses. Go to Source Powered by WPeMatico