Solana’s Solend Withdraws From Controlling The Whale Account
The initial outcry against Solend’s SNLD1 proposal has made it propose an SNLD2, with the bid to step back from controlling the whale account, which has since gotten a huge vote in its favor. Solend, a Solana-based “decentralized” lending platform, launched an SNLD1 proposal on Sunday to take over a whale account with emergency powers […]
Canada’s Bitcoin ETF Liquidates 50% Of Its Holdings In A Single Day
Within 24 hours, Canada Bitcoin ETF sold 24,500 BTC into the North American market last Friday. Bitcoin (BTC) experienced strong selling over the weekend, with the BTC price plummeting to $18,000. Since then, Bitcoin has regained more than 10% and is now hovering around the $20,000 mark. Arthur Hayes, the co-founder of crypto exchange 100x, […]
MakerDAO Adopts An Alternative As Ethereum (stETH) Falls
MakerDAO moves to cut stETH exposure by approving Rocket Pool ETH (rETH) as the new alternative. Following the de-peg of stETH, MakerDAO approved a proposal on Friday to adopt an alternative to Lido-Staked Ethereum (stETH) as collateral. The platform authorized Rocket Pool ETH (rETH) as a new vault type, or collateral, in a governance proposal that […]
Three Arrows Capital Liquidates All Staked Ethereum In A Wallet
Three Arrows Capital has continued to dump staked Ethereum (stETH) as the price falls under $1000. On Friday, crypto hedge fund Three Arrows Capital liquidated all of its Staked Ethereum (stETH) holdings in one of its wallets. The insolvent hedge fund has lately sold its stETH and Ethereum (ETH) holdings to pay off debts and […]
Huobi Partners With BMAN To Launch $400 Million Fund For Crypto Investment
The fund launching between Huobi and BMAN comes after the recent collapse of the crypto market, even as BMAN expects the crypto to grow to 1 billion users. Huobi co-founder Du Jun and Chinese Web3 investor “BMAN” Lee announced the formation of a new $400 million fund to invest in cryptocurrency ventures on Friday. ABCDE […]