DeFi
Curve Finance’s native decentralized stablecoin crvUSD launched with a novel liquidation mechanism not previously seen in DeFi.
Business
The crypto exchange notified users in an email on Wednesday that it will stop new loans through Coinbase Borrow.
FTX wants to recoup loan repayments, collateral and assets withdrawn by Genesis in the 90-days leading up to the exchange’s declaration of bankruptcy.
Four major exchanges have committed to making SUI tokens available for trading after the mainnet launch.
A number of borrowers were seen short selling TUSD on lending protocols after the stablecoin traded above its U.S. dollar peg across exchanges.
DCG disclosed that its chief financial officer resigned in April despite an uptick in revenue recorded in the first quarter.
Bitcoin
Srinivasan settled his bet on a 36-fold price increase for Bitcoin within 90 days ahead of time.
The project said the exploit did not affect liquidity providers and the DAO Treasury.
Justin Sun said the TRON DAO had initiated a refund after some members inadvertently transferred funds to Binance’s Launchpool.
The U.S. Treasury Department alleged that Poloniex allowed users from sanctioned countries to trade $15 million worth of digital assets.
