Addresses tied to Curve founder Michael Egorov are borrowing nearly $100 million in various stablecoins against $140 million in curve tokens.
The new crypto industry association is expected to formulate self-supervisory rules under the government’s guidelines.
ETF inflows resumed Wednesday as U.S. inflation came in lower-than-expected.
The price of Curve DAO fell nearly 25% in the past 24 hours, which put Curve founder Michael Egorov’s loans at risk of liquidation.
Fidelity’s FBTC led the pack of inflows on Wednesday with $51 million, followed by inflows of $16 million from BlackRock’s IBIT.
President Biden’s campaign is in discussions with industry players about accepting crypto donations through Coinbase Commerce.
It may seem like the industry is finally getting the political support it needs. But proceed with caution.
Equilibrium Group has launched Equilibrium Ventures, which is raising over $30 million for its first fund.
Paxos has cut about 20% of its workforce, or 65 people, according to a copy of an internal email obtained by The Block.
The U.S. Federal Reserve kept interest rates at their current level on Wednesday afternoon.
