DeepBook’s leveraged trading infrastructure faced mounting pressure after its $USDC margin pool became undercollateralized on the 9th of May. On a post …
bad
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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. …
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A new development has raised security concerns in the cryptocurrency market. According to information shared by on-chain data provider Onchain, KelpDAO’s liquid …
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Regulation
JPMorgan Chase, Citi and Wells Fargo Lose $5,606,000,000 to Bad Loans in Just Three Months
by shayaanby shayaanThree of America’s largest banks are writing off a combined $5.6 billion in bad loans in the first quarter as US credit …
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Markets
Don’t Celebrate Bitcoin Price Above $70,000, Analyst Says It’s “Very, Very Bad”
by shayaanby shayaanCrypto market analyst Marmot has sounded the alarm on the latest Bitcoin price surge, warning that the cryptocurrency’s rally above $70,000 is …
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The debate around stablecoin yield has been underway for months, and with no resolution in sight for the near to medium term …