Latest bear market victim shows how quickly DeFi users are left behind when crypto projects move on
Swell warned users to bridge out by June 23, turning a planned L2 shutdown into a test of user exit procedures. The post Latest bear market victim shows how quickly DeFi users are left behind when crypto projects move on appeared first on CryptoSlate.
Crisis of Confidence: 14 Protocols Exit or Suspend Bridging With LayerZero in 48 Hours
BitcoinWorld Crisis of Confidence: 14 Protocols Exit or Suspend Bridging With LayerZero in 48 Hours In a swift and significant vote of no-confidence, fourteen protocols have either terminated their bridging services or suspended operations with LayerZero (ZRO) within the past 48 hours, according to on-chain analyst Emperor Osmo. The mass exodus follows a security incident that prompted an apology from LayerZero and a subsequent announcement regarding changes to its validator […] This post...
Binance Delisting Shakes Markets: Strategic Removal of 21 Spot Trading Pairs Including ARKM/FDUSD
BitcoinWorld Binance Delisting Shakes Markets: Strategic Removal of 21 Spot Trading Pairs Including ARKM/FDUSD In a significant market development, Binance, the world’s largest cryptocurrency exchange, has announced a strategic delisting of 21 spot trading pairs, sending ripples through digital asset markets globally. The exchange confirmed this substantial removal will take effect at 8:00 a.m. UTC on February 3, affecting notable pairs including ARKM/FDUSD and multiple other cryptocurrency...
Binance Delisting Shakeup: 20 Spot Trading Pairs Including AAVE/FDUSD Face Removal in Major Exchange Cleanup
BitcoinWorld Binance Delisting Shakeup: 20 Spot Trading Pairs Including AAVE/FDUSD Face Removal in Major Exchange Cleanup In a significant market adjustment, Binance, the world’s largest cryptocurrency exchange by trading volume, has announced the impending delisting of 20 spot trading pairs, including the notable AAVE/FDUSD pair, effective January 16, 2025, at 3:00 a.m. UTC. This strategic move represents one of the most substantial trading pair removals by the exchange in recent months,...
World Liberty Financial’s Stunning $83.1M WLFI Transfer to Jump Trading Shakes DeFi Landscape
BitcoinWorld World Liberty Financial’s Stunning $83.1M WLFI Transfer to Jump Trading Shakes DeFi Landscape In a significant blockchain transaction reported on March 21, 2025, a wallet address associated with World Liberty Financial executed a massive transfer of 500 million WLFI tokens, valued at approximately $83.12 million, to an address linked to the prominent crypto market maker Jump Trading. This substantial movement, first identified by the on-chain analytics platform Onchain […] This...
Re7 Labs is under fire for sharing a report summarizing the events of the past couple of days rather than providing a solution
Re7 Labs, a DeFi risk curation and research arm of the London-based hedge fund Re7 Capital, has taken significant heat after releasing a lengthy thread on X, formerly Twitter, that contained its own version of events stemming from the Stream Finance insolvency. It called the post an “update regarding previous and ongoing efforts to address […]
The Elixir Team Announced the Closure of the deUSD Project as $93 Million Vanishes
deUSD has collapsed after Stream Finance lost $93M. Elixir shuts down the stablecoin as users rush to redeem holdings amid its dollar peg failure.
deUSD plunges 98% as Elixir scrambles
Elixir’s deUSD stablecoin collapsed 98% to $0.03 after major exposure to Stream Finance’s $93 million loss.
Elixir Stablecoin Collapses After Stream Finance Loss
Decentralized finance platform Elixir halted support for its synthetic stablecoin, deUSD, after the collapse of Stream Finance.
Morpho Labs co-founder dismisses claims of illiquidity in vaults after the Stream Finance debacle
Merlin Egalite, co-founder of Morpho Labs, addressed the issue of temporary liquidity shortages in certain Morpho vaults on Ethereum. This comes as the market recovers from a stress event that saw Stream Finance’s xUSD stablecoin depeg, which led to a $93 million loss across DeFi protocols, including some exposure in one Morpho vault. Merlin Egalite’s […]
