Both retail and institutional traders worry about the funding rate. www.coindesk.com
bad
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Markets
Bitcoin's biggest advocate, Michael Saylor, says new plan to clean up the blockchain is 'a bad idea'
by shayaanby shayaanMichael Saylor argues that a new proposal, BIP-110, to temporarily block “spam” data from the Bitcoin blockchain would undermine the network’s neutrality …
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USDT’s dominance rate has flashed a golden crossover in a sign of caution for the broader crypto market. www.coindesk.com
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Markets
When the market is bad, we build: Inside Binance’s bold 2030 master plan
by shayaanby shayaanEstablished crypto firms will merge with traditional finance, but neither Wall Street bankers nor corporate giants will take over the crypto industry, …
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DeepBook’s leveraged trading infrastructure faced mounting pressure after its $USDC margin pool became undercollateralized on the 9th of May. On a post …
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Finance
Dominance of Tether and Circle is a net bad for stablecoins, says Bridge executive
by shayaanby shayaanMiami Beach — The stablecoin universe, dominated by Tether and Circle, hampers competition that could lead to better product-market fit for some …
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DeFi
Curve founder pitches market-based fix for $700K bad debt in contrast to Aave bailout
by shayaanby shayaanCurve founder Michael Egorov has proposed a market-based fix for about $700,000 of bad debt tied to LlamaLend, Curve’s lending platform. “I …
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Markets
Aave raises nearly 80% of the $200 million it needs to cover bad debt left by Kelp DAO exploit
by shayaanby shayaanBlockchain analytics platform Arkham said that the largest contributors are Mantle and Aave DAO, having raised a combined $127 million. www.coindesk.com
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Markets
Aave Is Down 18% And Carrying $196M In Bad Debt, But Smart Money Is Buying Anyway
by shayaanby shayaanAave is having one of the worst weeks in its history. On April 18, attackers exploited a vulnerability in KelpDAO’s rsETH bridge …
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Finance
Critical Report for Bitcoin (BTC) and Altcoins! The Table is Good for Bitcoin and Ethereum (ETH), Bad for XRP and This Altcoin!
by shayaanby shayaanBitcoin ($BTC), which surged on Friday following Iran’s reopening of the Strait of Hormuz, climbed above $78,000. However, this rise was short-lived. …