A 3% token move just triggered $36 million in Ethereum DeFi liquidations
One wallet bought heavily into a yield token, which pushed the price of its paired principal token down just enough to trigger liquidations across borrowers using it as collateral.
This is a summary. Read the complete story at CoinDesk below.
Read full article at CoinDeskRelated Stories
Fed meeting is shaping up to be a nightmare for Warsh. Bitcoin might still shine
An aggressive market expectations trap and a strict aversion to forward guidance have backed the Fed chair into a corner, where failing to deliver a hawkish message risks destroying the central bank’s inflation-fighting credibility.
CoinDesk
AI has been a ‘net negative’ for crypto: Phemex CEO
Federico Variola says AI has diverted capital from crypto and is empowering attackers, while rising cybersecurity costs could push the industry toward greater centralization.
Cointelegraph
Zcash holders overwhelmingly back faster transactions and bitcoin-style halvings
Nearly 2.4 million ZEC participated, with 99.9% backing 25-second blocks and 98.9% voting to preserve the network’s existing halving schedule.
CoinDesk