“He [Erogov] borrowed FRAX using CRV as collateral on Fraxlend. However, because people are withdrawing FRAX from the pool, fearing bad debt in the event of CRV liquidation, the APY has significantly increased,” Ignas explained. […]
Two years earlier, the exchange was warned by Japanese regulators that it was operating in the country without permission. Source link
Florida governor Ron DeSantis has vowed to end the Biden administration’s anti-crypto agenda focused on eroding civil liberty. DeSantis vowed to end the government’s war on Bitcoin at a New Hampshire economic policy event on […]
The Polygon (MATIC) price failed to break out from a crucial horizontal resistance area and broke down from a short-term corrective pattern afterwards. This is a decisive sign that the trend is bearish and the […]
The Worldcoin project, launched by OpenAI CEO Sam Altman, has now come under the scrutiny of Germany’s data watchdog. Reuters reported that the Bavarian State Office for Data Protection Supervision is investigating the German subsidiary […]
There has been a lot of speculation on crypto social media about the latest over-hyped memecoin BALD. Many postulate that Sam Bankman-Fried was the brainchild behind the latest pump and dump memecoin. Wild conspiracy theories […]
“Given the track record and the lack of contacts with other players (even 3AC actively interacted with BlockFi, Genesis, etc.), then we can point the finger toward someone from Alameda,” he tweeted, “And let’s try […]
FTX is in the early stages of restarting its exchange services for international customers. The plan will require some claimants to agree to pool their assets towards the purpose. Bankrupt crypto exchange FTX is working […]
Traders pile into short positions in the perpetual futures market as potential liquidation of founder’s crypto borrowing may destabilise the broader decentralized finance ecosystem. Source link
Concern is mounting over a large loan that the Curve Finance founder took out with his stash of the protocol’s native token. As the price of CRV continues to fall, a large liquidation looms. Curve […]
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