Three Arrows Capital Faces Liquidation Pressure Amid Market Crash
Following a drastic market slump, crypto hedge fund Three Arrows is facing widespread liquidation, which could reduce the firm’s holdings. Three Arrows’ future difficulties have sparked speculation after founder Zhu Su claimed on Twitter that the company is “communicating with relevant parties” and “working this out.” The fund was witnessed selling millions of Lido Staked […]
Crypto Crash Is Only Momentary – Polygon Co-Founder Nailwal
Layer 2 Scaling solution Polygon’s co-founder Sandeep Nailwal, stated on Tuesday that the current market downturns will affect Web3’s development only temporarily. He believes the drop is attributable to macro issues rather than any inherent Web3 shortcomings. Moreover, he seeks to rekindle investor trust by stating that he believes Polygon will weather the storm. However, […]
Ethereum Whales Acquire $550 million FTX Tokens Amid Market Crash
The FTX token (FTT) has been under a lot of strain as the cryptocurrency market has been collapsing. However, despite the price drop, some of the largest Ethereum (ETH) whales have purchased more than $550 million worth of FTT tokens. About 15 million tokens are being moved in single transaction An ETH whale dubbed “BlueWhale0116” […]
Tron USDD, Waves USDN Depegs Amid Crypto Market Crash
These stablecoins, TRON’s USDD, and Waves’ USDN have been seen de-pegging as the broader crypto market takes a downward turn. Given that they are algorithmic stablecoins that act similarly to UST, the two tokens have gained increasing interest following the recent collapse of TerraClassicUSD. South Korea crypto exchange warn investors on USDD and USDN risks […]
Celsius To Face Liquidation If Trouble Persists, Here’s What It Means For Bitcoin
Celsius, the crypto lender which had been plagued with some troubles lately had been taking drastic measures to curb its liquidation. The lender was seen adding more Bitcoin on DeFi platform MakerDAO to reduce the price at which its position will be liquidated. The lender recently halted withdrawals due to a severe liquidity crunch. If […]