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Crypto Billionaire Justin Sun and Partners Step in to Aid DeFi Giant Curve Amid Crisis – Here's the Latest
2.8.2023
Tron founder and wealthy crypto investor Justin Sun has stepped up to save decentralized exchange (DEX) protocol Curve Finance from a potential bad debt crisis....
Read More: Crypto Billionaire Justin Sun and Partners Step in to Aid DeFi Giant Curve Amid Crisis – Here's the Latest
Curve emergency DAO terminates rewards for hack-related pools
2.8.2023
The Curve emergency DAO removed CRV rewards for alETH, msETH, pETH, crvCRVETH, Arbitrum Tricrypto, and multiBTC pools
AAVE price takes double-digit hit, but strong fundamentals point to eventual recovery
2.8.2023
AAVE price may have been impacted by this week’s Curve Finance scandal, but a robust insurance fund and steady fee revenue could protect against further downside
CRV Gets Plunge Protection on Binance as Market Makers Add Bid-Side Liquidity
2.8.2023
Market makers stepped in to arrest CRV's slide that threatened liquidation of a large CRV-collateralized crypto borrowing and market-wide contagion
DeFi Protocol Abracadabra Wants to Charge 200% Interest on Curve Founder’s $18M Loan
2.8.2023
All proceeds from such a strategy will be kept in Abracadabra’s treasury and be used to reduce the DAO risk associated with the liquidity conditions associated with CRV
Abracadabra proposes hiking loan interest rate by 200% to manage Curve risk
2.8.2023
The Curve Finance exploit has created a liquidity crisis in the DeFi ecosystem and many lending protocols are rushing to minimize their exposure
Aave Should Block Curve Token Borrowing, Risk Management Firm Proposes
2.8.2023
An ongoing crisis situation stemming from a large curve token collateral can be prevented by pausing all borrowing activity, Gauntlet argued in a Wednesday protocol
Curve founder looks to unexpected counterparties to rescue sinking DeFi loans
2.8.2023
Michael Egorov is attempting to pay off his mountain of DeFi debts by selling CRV at a discount
Bitcoin Price Prediction as Traders Get Spooked By Curve Fallout – Will BTC Drop to $25,000?
2.8.2023
Bitcoin is currently trading near $29,900, experiencing a decline from its recent peak of $29,900.
The market sentiment is tense due to the recent events surrounding Curve, leading traders to wonder if Bitcoin will potentially drop to $25,000.
The recent announcement of the US Federal Reserve...
First Mover Asia: Asia Stocks Open Soft, Bitcoin Jumps Past $30K on MicroStrategy Filing and Despite Fitch Treasury Downgrade
2.8.2023
PLUS: Bitcoin dominance sagged in July, absent a compelling BTC catalyst, and as altcoins seemed to benefit from a partial Ripple court victory
Bitcoin Rebounds to $29.2K, Recovering From DeFi Fears; CRV Jumps 5%, XRP Rises
2.8.2023
CRV was up more than 5% after Tron blockchain founder Justin Sun purchased more than $2 million of the token. ETH, SOL remained in slightly negative territory despite climbing in recent hours
Curve liquidation risk poses systemic threat to DeFi even as founder scurries to repay loans
1.8.2023
A Curve Finance hack sparked a sharp sell-off, and while DeFi traders stepped in to support CRV, the possibility of a contagion-level event remains
DeFi Died and We Didn’t Even Notice
1.8.2023
The behavior of Curve founder Michael Egorov is warning to all, and proof that DeFi isn’t really that different from traditional finance
Spooked by Curve Liquidation Threat, DeFi Protocols Shore Up Defenses
1.8.2023
They're responding to the potential systemic risk posed by Michael Egorov's teetering financial position
Today in Crypto: FTX Proposes Possible Restart of FTX.com for 'Dotcom Customers', US IRS Says Income From Staking Crypto Must be Reported, Justin Sun Announces Tron-Curve Partnership and Buys $3M Worth of CRV for $2M
1.8.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Today in Crypto: FTX Proposes Possible Restart of FTX.com for 'Dotcom Customers', US IRS Says Income From Staking Crypto...
Tron Founder Justin Sun Alleviates Curve Finance’s Looming Bad Debt Situation
1.8.2023
Sun said a liquidity pool that utilizes tether stablecoins issued on the Tron network would “amplify user benefits,” pointing to saving a potentially bad loan
Curve Finance founder's $100M debt could trigger a DeFi implosion: Report
1.8.2023
Curve Finance founder Michael Egorov has a total of $100 million in debt backed by over 400 million CRV tokens
Curve Founder Deploys New Liquidity Pool to Address FRAX Debt Situation
1.8.2023
Egorov has created a new liquidity pool on Curve for FraxLend's CRV/FRAX market, called crvUSD/fFRAX. Analysts said it is an attempt to incentivise liquidity to FraxLend's pool from where Erogov has taken loan of 15.8 million FRAX
Traders Pile Into CRV Shorts Amid Concerns Over Curve Founder's Collateralized Borrowing
1.8.2023
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
First Mover Asia: BTC, ETH Stable While COMP and AAVE in the Red
1.8.2023
Curve Founder Michael Egorov's $168M in holdings is under stress, imperiling DeFi as a whole. PLUS: The Litecoin Foundation and crypto cold-storage card manufacturer Ballet HAVE teased a sale of 500 collectable cards – fashioned from 50 grams of fine silver