DeFi
Crypto Chaos Continues; Mass BTC Liquidations in Exchanges Across Asia
The Asian crypto markets continued to struggle as investors turned towards stablecoins to minimize losses. Mass BTC long positions were liquidated across exchanges in Asia, but Singapore-based Bybit tells us that the numbers don’t tell the full story. Meanwhile, decentralized finance lending protocol Maple Finance brings DeFi to institutions.
Market Wrap: Capitulation City as Bitcoin Dumps to $31K, ETH to $2K Before Reversal
Liquidations, China and even Elon Musk may be factors in markets falling.
DeFi Liquidations Up 14-Fold in Broad Crypto Sell-Off
With $662 million in loans unwound over 24 hours, it's the worst day for such liquidations since Feb. 22.
Crypto Market Loses $460B as Ether, Altcoins Follow Bitcoin’s Deep Dive
The crypto market has lost more than $400 billion in a day.
Banking App Current Picks Polkadot for its DeFi Debut
Fintech firm Current announced that it will become more active in the Polkadot space. Current will serve as a validator on the Polkadot network and plans to integrate Acala, a Polkadot-based decentralized finance (DeFi) platform, into its banking app.
Common Protocol Raises $3.2M to Streamline DeFi Governance
The project looks to help token investors keep track of governance discussions across multiple blockchains.
Will Bitcoin Drop Again Before Bouncing Back?
Bitcoin is up slightly from its most significant pullback this year. Analyst Nick Mancini of Trade the Chain thinks it could drop a second time before recovering. Mancini joins “First Mover’ to discuss Trade the Chain’s “neutral” outlook on bitcoin and why he’s bullish on ether and DeFi.
Banking App Current Picks Polkadot for Its DeFi Debut
The banking app with 3 million users will serve as a Polkadot validator as it plans deeper crypto moves.
DeFi Platform DeversiFi Raises $5M in Bid to Scale Trading on Ethereum
DeversiFi’s platform is intended to stop small and mid-size investors from being deterred by high gas fees on Ethereum.
DeFi Dashboard Zapper Raises $15M to Create On-Platform App Store
In a star-studded funding round that included Mark Cuban and Ashton Kutcher, the DeFi service aggregator Zapper raised $15 million to develop an on-platform app store. “The Hash” panel breaks down how Zapper can make DeFi more user-friendly and attract new investors to the DeFi space.
