In the wake of a significant liquidation event involving Michael Egorov, founder of Curve Finance, the CRV token has seen a notable recovery. Nearly a week ago, Egorov faced liquidation after the CRV token plummeted to an all-time low of $0.219. The situation led to widespread liquidations across various platforms,
In response to the $10 million in bad debt that arose from soft liquidations after a hacking attempt on June 13, Curve Finance founder Michael Egorov has announced that he has completely repaid the loan. As a result of the event, Egorov went on social media to clarify, saying that
Dogecoin (DOGE), the popular meme coin, is poised for potential gains as the recent price increase has triggered a recovery in the market. The short liquidations observed over the past 24 hours have historically been followed by a rise in price, which could also be the case this time around.
The market has seen massive liquidation as the values of cryptocurrencies, especially Bitcoin, have fallen precipitously in the last day. The liquidation of some of these digital assets exceeded $286 million in leveraged crypto positions. In the last 24 hours, about 99,014 traders have been liquidated, with a total of
After Bitcoin ETFs were introduced in Hong Kong today, BTC had a little 2% recovery, going beyond $63,300. The latest on-chain data, however, shows that Bitcoin miners are increasingly liquidating their holdings. A large amount of Bitcoin has been moved from miners to spot exchanges, according to Cryptoquant, an on-chain
A $4.5 million fundraising round sponsored by Hashed and Gumi Cryptos has been concluded by Blackwing. The funding will go toward creating the first modular layer 2 blockchain, which will enable liquidation-free leveraged trading of any asset. Users may trade with borrowed funds on the blockchain without having to worry about forced
The U.S. authorities said in a filing on Wednesday that a revised bankruptcy plan submitted by cryptocurrency lender Genesis last week marks a substantial change of intentions. Instead of reorganizing, the lender is now trying to sell off its assets. The filing by U.S. Trustee William Harrington said that the
Despite recent legal victories, on-chain data suggests the perceived resurgence of XRP may be overhyped. Liquidation figures and lackluster price action indicate the disputed cryptocurrency has yet to see the hype translate into renewed bullish momentum. According to CoinGlass, around $1.35 million worth of XRP positions have been liquidated amid
A massive options liquidation plunge on Ethereum is sending shockwaves across cryptocurrency markets, pulling down the prices of major alternative coins. Over $16 million worth of Ether options positions flooded out in under 24 hours, signaling bears cementing control. The ripple effects of intense selling pressure on Ethereum underscore its
The leading altcoin Solana (SOL) has displayed significant spring in the face of liquidation concerns, as its price surges ahead with notable gains. Over the last few days, SOL has seen impressive growth, soaring by nearly 5% in the last 24 hours alone. The current SOL price is trading above
