Summary: Morgan Creek Digital is reportedly looking to raise $250 million to counter FTX’s line of credit to BlockFi. The move resulted from one of FTX’s terms for the credit line to BlockFi, to wipe out...
Summary: Arthur Hayes has cautioned the crypto community against believing Goldman Sachs will risk its own money to buy assets from the Celsius Network. Mr. Hayes explained that Goldman Sachs would simply assemble a bunch of...
Summary: Sky Mavis, the parent company of Axie Infinity, expects to reimburse hack victims on June 28th. The Ronin Network bridge is also expected to reopen on the same day. The parent company and developer of...
Summary: The crypto lending company of Celsius is reportedly considering filing for bankruptcy. Celsius has therefore hired more advisors to prepare for the potential filing. The crypto lending company of Celsius is reportedly considering filing for...
Summary: The Kyber Network team has admitted that Three Arrows Capital’s potential insolvency might impact its treasury. A small portion of Kyber Network’s treasury is with Three Arrows Capital but is not significant enough to affect...
Summary: The FTX crypto exchange is reportedly in talks to acquire a stake in the crypto-lending platform of BlockFi. Earlier this week, FTX gave BlockFi a $250 million line of credit to bolster its balance sheet...
Uniswap DEX has acquired NFT aggregator platform Genie This marks Uniswap’s second foray into NFTs, after Unisocks. Crypto exchange Uniswap is all set to expand its dominance in the NFT world by acquiring Genie, one of...
Bancor has suspended impermanent loss protection, citing hostile market conditions. The feature will be reactivated when markets stabilize. Bancor is the latest entity to take action as the effects of the bear market grow. The Bancor...
India’s central bank governor Shaktikanta Das said that DeFi is difficult to regulate because of its anonymity. Das made the remarks during a business summit, also calling for global coordination. India is waiting on a consensus...
Key takeaways: OpenSea has successfully migrated to SeaPort: a Web3 NFT marketplace designed with efficiency in mind. The move to SeaPort is estimated to save OpenSea users 35% in Ethereum gas fees or more than $460...
Key takeaways: Uniswap labs have welcomed the former President of the New York Stock Exchange, Stacey Cunningham, as an advisor. Ms. Cunningham served as the NYSE’s first female President between 2018 and 2022. Her appointment as...
Leading CeFi platform Celsius Network halts its withdrawals, swaps, and transfers citing extreme market conditions The native token of Celsius Network has crashed 50% and is currently sitting at $0.1855 Celsius Network, one of the leading...