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Stay up to date on the latest crypto trends with our expert, in-depth coverage.

Flash
  • 02:14
    Compound has suspended multiple stablecoin lending markets on Ethereum in response to the Elixir liquidity crisis.
    ChainCatcher reported that DeFi research and risk management firm Gauntlet previously recommended that the Ethereum lending protocol Compound implement a temporary emergency pause on the following independent lending Comet markets in v3, including: USDC on Ethereum, USDS on Ethereum, and USDT on Ethereum. The proposal has now been approved, and after the pause, withdrawals for USDC and USDS lending markets were resumed on November 6. Compound stated that it will gradually restore the markets while ensuring system security. This move is intended to address the liquidity crisis of deUSD and sdeUSD under Elixir, both of which have been listed as collateral on Ethereum USDC, USDS, and USDT. On November 4, Stream Finance disclosed that its fund assets suffered a loss of $93 million, with Elixir bearing an exposure of $68 million, resulting in a liquidity crisis for its stablecoins deUSD and sdeUSD.
  • 01:57
    A SharpLink-associated wallet deposited 4,363.5 ETH, worth $14.47 million, into an exchange.
    According to ChainCatcher, on-chain analyst Onchain Lens (@OnchainLens) has monitored that a wallet associated with SharpLink deposited 4,363.5 ETH, worth 14.47 million US dollars, into an exchange, possibly for selling.
  • 01:56
    In the past hour, ZEC liquidations exceeded those of BTC and ETH, reaching $6.1154 million.
    According to Jinse Finance, Coinglass data shows that in the past hour, ZEC liquidations reached $6.1154 million, with short positions accounting for $6.0386 million and long positions for $0.0767 million. Data indicates that the total open interest of ZEC (Zcash) contracts has reached 1.6155 million ZEC, valued at approximately $884 million. Over the past 24 hours, ZEC open interest has increased by 19%.
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