AAVE processes $210m in liquidations without accumulating additional bad debt
Decentralized lending protocol Aave has successfully processed $210 million in liquidations without adding to its existing bad debt. Data from Chaos Labs shows that following Monday’s flash crash, which wiped out roughly $2.2 billion in crypto market value, the extreme market volatility led to a sudden spike in liquidations across the protocol. The liquidations summed […]
Crypto is ‘rife with bad actors’
SEC Chairman Gary Gensler reiterated his long-standing critique of the cryptocurrency industry, calling it “rife with bad actors” during a Bloomberg TV interview on Wednesday. Reflecting on his tenure, Gensler said he was proud of the SEC’s enforcement actions in the crypto space, noting their consistency over the years. Gensler highlighted the foundation laid by […]
Crypto liquidations hit $1B as traders were ‘unprepared for bad news’
A crypto analyst says we are yet to see the “Santa rally” the market has been hoping for after $1 billion was liquidated in the crypto markets in just 24 hours. Source link
Trump’s BTC reserve plan would be a ‘bad deal‘ — Ex-NY Fed president
Bill Dudley joined others in suggesting the only purpose of a US government Bitcoin reserve would be to reward Trump’s crypto supporters. Source link
