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Solana decentralized finance (DeFi) protocol Everlend Finance is closing down its operations and urging clients to withdraw funds from the platform.The company announced the decision on Twitter on Feb. 1, saying that despite having “enough runway” to continue operating, it would be a gamble under current market conditions. In particular,
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B2C2 says it will be the sole over-the-counter (OTC) spot liquidity provider for the digital receipt token sETH-h, built on liquid staking platform Portara. Users that have staked ether on the Ethereum blockchain will be able to use sETH-h tokens to exit their positions or earn rewards elsewhere in the
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The issuance of Djed’s overcollateralized stablecoins has been a much-hyped topic in the Cardano community. Original Source
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The market for FTT, the native cryptocurrency of the now-bankrupt FTX exchange, appears to have found an equilibrium after the recent bullish price action. However, the market's ability to absorb large offers at stable prices remains weak, indicating scope for a sudden reversal of recent price gains. Source
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press release PRESS RELEASE. OpenOcean, a leading Web 3 middleware developer and DEX Aggregator across 19 chains, backed by top investors – Binance Labs, CMS, Altonomy, and more – has integrated with the recently released Verse DEX, Bitcoin.com’s decentralized exchange (DEX), to provide easier, cheaper and faster access to low-cost
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Venture capital firm Digital Currency Group (DCG) has told shareholders it is halting its quarterly dividend payments until further notice as it attempts to preserve liquidity.According to the letter sent to shareholders on Jan. 17, the firm is focused on “strengthening our balance sheet by reducing operating expenses and preserving liquidity.”
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"Aggregated 2% BTC market depth has dropped by almost half to around 8,000 BTC from 14,000 BTC at the end of October," analysts at Bitfinex, one of the top 10 centralized cryptocurrency exchanges by volumes, wrote in the Jan. 9 issue of the market report. "In other words, a large
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In a Jan. 6 tweet, decentralized finance protocol Balancer warned certain liquidity providers to remove their LPs “ASAP” due to an ongoing issue related to some of the service’s pools. Some pools have had their fees set to zero by the Balancer emergency multisig, but the team indicated that not
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Bonk, a Shiba Inu-themed token issued on Dec. 25, has returned some 2,220% to traders in the past week, with a 150% rise in the past 24 hours alone. The token was airdropped to Solana NFT communities and creators which led to quick hype and trading volumes for the young
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Cameron Winklevoss, co-founder of the cryptocurrency exchange Gemini, published an open letter to Digital Currency Group (DCG) CEO Barry Silbert on Jan. 2, 2022, stating that it had been 47 days since withdrawals from Genesis had been halted. In the letter, Winklevoss claimed that DCG owes $1.675 billion to Genesis.
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