Investing
Crypto Firm Orthogonal, Victim of FTX Contagion, Now Faces Internal Dissent
Shortly after Orthogonal got served with default notices on $36 million of crypto loans from Maple Finance, the firm’s credit team published a statement saying it was “speechless” and unaware of the extent of the trading team’s exposures.
Ether Turns Inflationary as Network Usage Slows
The current positive inflation rate indicates the volume of ether being minted now outpaces the amount being burned.
Chainlink ‘Smart Money’ Might Be Pulling LINK Tokens Off Exchanges to Stake Them
The price of LINK is up 28% in the past two weeks.
MakerDAO Community Votes to Hike DAI Rewards to 1%
Some 71% of voters favored hiking the DAI Savings Rate to 1%, the highest option offered in the voting.
MakerDAO Community Rejects CoinShares Proposal to Invest Up to $500M in Bonds
The largest decentralized lending protocol MakerDAO previously approved a plan to invest $1.6 billion with Coinbase Prime for an annual yield of 1.5%, but this latest plan didn't fly.
First Mover Americas: Binance Increases Recovery Fund, wBTC Loses Its Peg
The latest price moves in crypto markets in context for Nov. 25, 2022.
First Mover Americas: Binance.US to Bid for Voyager
The latest price moves in crypto markets in context for Nov. 24, 2022.
FTX Contagion Revives Dreaded 2022 Crypto Knell – the ‘Withdrawal Halt’
The downfall of the FTX exchange has caused a domino effect: a growing list of crypto firms, such as BlockFi and Genesis, halting withdrawals. CoinDesk counted 16 of these announcements just this year.
First Mover Americas: FTX’s First Hearing, Genesis Seeks Help
The latest price moves in crypto markets in context for Nov. 23, 2022.
Mango Exploiter's Funds Get Liquidated After Roiling Aave Using $20M of Borrowed Curve Tokens
A trader identified as Avraham Eisenberg, who became infamous for his “very profitable trading strategy” of exploiting $114 million from Mango Markets, borrowed tens of millions of Curve DAO tokens and sent them to an exchange – but his position appears to have gotten liquidated.
