Unusual liquidity pressures force Babel Finance to suspend withdrawals
Due to the ongoing crypto market meltdown, Babel Finance, an Asian-based crypto lender firm, has suspended all their products’ redemptions and withdrawals from clients, noting...
MakerDAO reduces exposure to Celsius, disables Aave DAI supply
In a move to reduce exposure to the embattled Celsius Network, MakerDAO has voted to temporarily disable the Direct Deposit Module (D3M) of DAI for...
Highlights June 17: Bitcoin at $20k, Polkadot drops out of top 10
The crypto market maintained its bearish trajectory over the past 24 hours, as the majority of top 10 cryptos were in the red this morning. ...
Highlights June 14: Cardano soars, Bitcoin down 25% in 7 days
The crypto market as a whole is mixed today. Leading cryptos continue to decline with a few exceptions. Top cryptos Bitcoin lost another 7%...
Cardano deploys EVM sidechain on its Testnet: ADA price shoots by more than 8% today
Cardano (ADA) is defying the general crypto market trend and it is up by more than 8% today. The price hike is pegged on Cardano’s...
Tron DAO Reserve deploys more assets as USDD depegs and TRX falls 18%
The general crypto Monday has started the week with a plunge, but for TRON, things have somehow started to get worse after the Tron DAO...
Highlights June 13: Dreadful day for crypto, Convex Finance drops 50% in a week
Cryptocurrencies have been hit very hard by US inflation data, the war in Ukraine and the ensuing supply crisis, and other adverse events. However, June...
Tether treasury: Celsius’ crisis won’t impact USDT reserves
Tether has announced that the USDT reserves “hold strongly” even as cryptocurrency lending provider Celsius (CEL) feels the heat of crypto volatility. The stablecoin issuer,...
Crypto news: BlockFi cuts headcount by 20% amid price meltdown
BlockFi says its intention is to remain profitable amid the tough market conditions. Crypto platform BlockFi has announced that it is cutting its employee numbers...