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DeFi lending platform Aave sees a rare $27 million liquidations after a price glitch

DeFi lending platform Aave experienced approximately $27 million in liquidations due to a price glitch that affected the value of certain assets. The incident occurred when the price of a cryptocurrency dropped significantly, triggering automatic liquidation processes for users who had borrowed against their collateral. Aave's team is investigating the glitch and has assured users that their funds remain safe. This event highlights the vulnerabilities in decentralized finance platforms, particularly concerning price feeds and market fluctuations.

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US CLARITY Act sees ‘big step forward’ as markup set for May 14

The US CLARITY Act has made significant progress as a markup session is scheduled for May 14. This legislation aims to provide regulatory clarity for digital assets, addressing the need for a comprehensive framework in the cryptocurrency sector. Supporters believe the act will foster innovation and investment in the industry

Strike CEO Jack Mallers dismisses idea that Wall Street threatens Bitcoin

Strike CEO Jack Mallers has dismissed concerns that Wall Street poses a threat to Bitcoin, asserting that institutional involvement is beneficial for the cryptocurrency's growth. He believes that the integration of Bitcoin into traditional finance will enhance its legitimacy and adoption. Mallers emphasized that Bitcoin's decentralized

Spot Bitcoin ETFs log 6th straight week of net inflows for first time in 9 months

Spot Bitcoin exchange-traded funds (ETFs) have recorded their sixth consecutive week of net inflows, marking the first time this has occurred in nine months. This trend indicates a growing investor interest in Bitcoin, despite recent market volatility. The inflows suggest a potential shift in sentiment towards cryptocurrencies, as institutional and

Coinbase rebounds as altcoins surge with bitcoin holding above $80,000

Coinbase has seen a rebound in its performance as altcoins experience a surge, while Bitcoin remains stable above the $80,000 mark. This upward trend in the cryptocurrency market has positively impacted trading volumes and investor sentiment on the platform. Analysts suggest that the strong performance of altcoins is contributing

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US CLARITY Act sees ‘big step forward’ as markup set for May 14

Strike CEO Jack Mallers dismisses idea that Wall Street threatens Bitcoin

Spot Bitcoin ETFs log 6th straight week of net inflows for first time in 9 months

Coinbase rebounds as altcoins surge with bitcoin holding above $80,000