Crypto Traders Suffer $1B in Liquidations in Sharp Sell-Off for Bitcoin, Ether

Cryptocurrency traders suffered $1 billion of losses in liquidations over the past 24 hours, according to Coinglass data, as digital-asset markets suffered one of their worst sell-offs of the year and bitcoin’s price fell to a two-month low. Bitcoin, the largest and original cryptocurrency, tumbled 7% to about $26,900, after earlier in the day dropping […]

Aave Token Holders Voting on 2 Proposals Following Averted Curve Liquidation Crisis

Aave token holders started voting today for two governance proposals in response to the systemic liquidation risk posed by Curve founder Michael Egorov’s large borrowing position on the lending protocol. Authored by on-chain risk management platform Chaos Labs, the two proposals aim to disable the borrowing of CRV – the native governance token for stablecoin […]