June 20th, 2022
Today’s DeFi data&news Brought to you by DeFi Insight
The supposed “decentralized” lending protocol built on Solana has “voted” to take over a whales account with emergency powers to eliminate the chance of forced liquidation. @Source
▪ A note to the Celsius community
▪ Solend Community’s New Proposal to Revoke Previous Takeover of Giant Whale Account Approved
▪ The current Celsius, 3AC situation may not be as bad as rumors suggest
▪ Bancor’s Impermanent Loss Protection Temporarily Paused
▪ BitMEX Founder: Expect More Forced Selling of $BTC and $ETH
▪ Russia Develops Blockchain System to Replace Swift
▪ SIX Digital Exchange Postpones Crypto Services Launch
▪ Crypto Miners in Iran to Face Blackout as Mining Becomes Unprofitable
▪ Marathon Digital keeps on mining despite BTC price slump
▪ Christie’s NFT Head Noah Davis Will Serve as Brand Lead for CryptoPunks
▪ Emerging Crypto Art Platform Outland Raises USD 5M Seed Round Led by OKG Ventures
▪ Hard Times in Crypto Lead to Price and Macro Risk
▪ The CEO of FTX blames the crypto crash on the Fed hiking interest rates
▪ Bitcoin investments will grow ‘immensely’: El Salvador president
▪ ‘Decentralization Proves To Be an Illusion,’ BIS Says
▪ Kevin O’Leary Says He Won’t Sell Any Crypto Despite Downturn — ‘You Just Have to Stomach It’
The current total locked volume of DeFi on the entire network is US $71.52 billion, a 24-hour increase of 1.91%.
▪ FEARS OF FURTHER CONTAGION IN THE BITCOIN MARKET
https://bitcoinmagazine.com/markets/fears-of-further-contagion-in-the-bitcoin-market
▪ The Great DeFi Deleveraging
https://insights.glassnode.com/the-great-defi-deleveraging/
▪ How Low Will Bitcoin, Ethereum, Solana, XRP Price Go?
https://nulltx.com/how-low-will-bitcoin-ethereum-solana-xrp-price-go/
▪ How the Crypto Industry Can Leverage Blockchains’ Transparency to Understand and Prevent Market Contagion
https://blog.chainalysis.com/reports/2022-crypto-market-contagion-defi-web3-risk/
▪ How the Cryptocurrency and Financial Markets Are Connected [June 2022 Scholar]_crypto
Cryptocurrency is the latest form of money. However, is the crypto market connected to the traditional money market? This paper finds that stablecoins link them together.
▪ Current State of NFTs_theblockresearch
▪ The Theory of Relativity_messari
▪ New Layer 1 Blockchains Are Expanding the DeFi Ecosystem But No Eth Killers Yet_chainalysis
About:
DeFi Insight is a your source for top DeFi and Crypto news and updates.
❤ Twitter: https://twitter.com/AlphaPro_io
The information presented should be considered developing news and not investment advice.