Crypto Trader Auros Global Misses Payment on DeFi Loan As FTX Contagion Spreads
The company missed payment on a 2,400 wrapped ether loan, worth $3 million, from a M11 Credit pool on Maple Finance. Source
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Spreads
Liquidity Crunch Spreads to Crypto Lending as Institutional Borrowers Max Out Credit Pools
Alameda Research has been a diligent user of decentralized lending protocols, originating hundreds of millions in uncollateralized loans so far. Its current outstanding debt on DeFi protocols, however, is rather small compared to earlier this year, meaning fewer investor funds are in danger if Alameda defaults on the loans. Source
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FTX Token Falls 80% Despite Binance Bailout as Alameda Contagion Spreads to Bitcoin
Broader crypto markets, which mounted a short-lived recovery after the bailout announcement, quickly lost steam and turned sharply lower. The CoinDesk Market Index (CMI), which tracks 162 cryptocurrencies, fell 8% in the last 24 hours. Bitcoin (BTC), the largest cryptocurrency by market capitalization, tumbled to $17,114 on the Bitstamp exchange,
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Gamestop NFT Daily Fee Income Falls Below $4,000 As Market Meltdown Spreads
GameStop NFT has produced over $166,800 in sales volume in the last 24 hours; yet, with the platform collecting only a 2.25% charge on NFT purchases, the statistic corresponds to only $3,753 in income. Daily income for GameStop's nonfungible token (NFT) marketplace has dropped to less than $4,000, indicating that
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3AC crypto contagion spreads to Blockchain.com: report
Blockchain.com is at risk of losing US$270 million loaned to crypto hedge fund Three Arrows Capital (3AC) which recently filed for bankruptcy, CryptoX reported. See related article: Three Arrows Capital collapse sends tremors through crypto industry Fast facts “Three Arrows is rapidly becoming insolvent and the default impact is approximately [US]$270 million worth
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Tether Sees New Wave of Redemptions as Fear of Market Contagion Spreads
"Confidence in cryptos remains depressed and some traders are worried that Tether could suffer a similar fate as Terra's UST stablecoin," Edward Moya, senior market analyst at Oanda, said. "Too many institutional crypto investors are down massively, and they are worried that if this part of the crypto ecosystem collapses,
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Crisis in Terra's UST Stablecoin Spreads to Neutrino USD on Waves Protocol
Crisis in Terra's UST Stablecoin Spreads to Neutrino USD on Waves Protocol Source
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Bitcoin Goes Institutional, Ethereum Spreads Its Wings: CoinDesk Q4 2020 Review
If the 2020 Q1 was the quarter of market turmoil, Q2 the bitcoin halving and Q3 the explosion of stablecoins and decentralized finance applications, Q4 was the quarter of institutional FOMO for bitcoin and of Ethereum launching the first phase of its ambitious migration to a proof-of-stake (PoS) blockchain.The latest
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Bitcoin Moves Back Toward $19,000 as MicroStrategy News Spreads
Bitcoin is pushing higher after plunging as low as $17,600 late last week. The price of the leading
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First Mover: Binance’s Shrinking Trading Spreads and Bitcoin’s Jackson Hole Fizzle
Price pointBitcoin was rising along with gold and U.S. stock futures early Friday as traders reacted to Federal Reserve Chair Jerome Powell’s plan to let inflation run hot in coming years as the economy heals from the coronavirus-induced recession. The largest cryptocurrency, seen by some investors as a hedge against inflation, changed hands
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