Cryptocurrency Analysis and News Portal
Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you significant developments over the last week.The FTX contagion that started in the second week of November is still haunting various crypto protocols in the DeFi ecosystem. The latest to fall
Read More
Core Scientific, Bitfarms and Genesis Digital Assets are among miners that have direct and indirect exposure to the contagion. Source
Read More
Crypto trading firm Auros Global appears to be suffering from FTX contagion after missing a principal repayment on a 2,400 Wrapped Ether (wETH) decentralized finance (DeFi) loan.Institutional credit underwriter M11 Credit, which manages liquidity pools on Maple Finance, told its followers in a Nov. 30 Twitter thread that the Auros
Read More
The company missed payment on a 2,400 wrapped ether loan, worth $3 million, from a M11 Credit pool on Maple Finance. Source
Read More
The liquidity provider, which closed the funding in September, had minimal exposure to the collapsed exchange. Original Source
Read More
If early November’s FTX collapse was crypto’s “Lehman moment” — as more than a few pundits have suggested — will the FTX contagion now spread to stablecoins? After all, Tether (USDT), the market leader, briefly lost its United States dollar peg on Nov. 10. In normal times, this might have
Read More
Crypto executives and politicians are becoming louder in their calls for crypto regulation as the aftermath of the FTX collapse continues to reverberate through the industry. In just the last 24 hours, the European Central Bank (ECB) president Christine Lagarde called regulation and supervision of crypto an “absolute necessity” for the
Read More
“Alameda was one of the most important market makers for some small-cap altcoins, while other major market makers registered losses and are likely to review their risk controls, which could impact liquidity in the short term,” the report from Kaiko said. Source
Read More
Technically it means that a crypto exchange or lender has gated customers from being able to get their money or digital tokens back – typically because there’s just not enough assets on hand to meet redemption requests. The likely upshot, though, is that the business is unlikely to recover easily
Read More
The FTX collapse continues to stoke fears of a contagion in the cryptocurrency space as investors wait to hear about businesses that may face the heat. One of the marquee names to come under the circle of suspicion is the Grayscale Bitcoin Trust (GBTC), which has seen its discount to
Read More