DeFi Giants Aave, Compound Freeze Markets and Cap Loans to Mitigate Risks

Fluidity is looking to give DeFi protocols another option for renting out precious liquidity: utility mining. If you’ve been in DeFi for a while, you already know about yield farming and the Curve Wars. But what about utility farming?. A new project called Fluidity claims to be ushering in...

“If something looks too good to be true, sometimes they really are,” Gensler said during a Twitter Spaces hosted by the U.S. Army. How hard is it to spot a crypto scam? According to SEC Chair Gary Gensler, it’s not nearly as difficult as it might sound. Speaking...

Billionaire Jihan Wu is downsizing the firm’s marketing division amid reports of leadership changes at Matrix Asset Management. Matrixport, a Singapore-based crypto investment and lending firm, has confirmed with Decrypt that it is making reductions in its marketing department, impacting 10% of its nearly 300-person workforce. The company was...

The suit alleges that Argo failed to properly disclose risks surrounding energy costs and network issues at the time of the IPO. Investors in Bitcoin mining firm Argo Blockchain have slapped the firm with a class-action lawsuit, accusing it of making false claims pre-IPO. The London-based firm raised $112.5 million...

Moody's Corporation is reportedly turning its attention to stablecoins, developing a scoring system for up to 20 cryptocurrencies. Moody’s Corporation is reportedly planning to develop a scoring system for stablecoins, per reporting from Bloomberg. The scoring system will include up to 20 stablecoins, analyzing the quality of each reserve's...

The crypto market's green streak to start the year ended on Friday as Bitcoin and Ethereum lost steam—but other names saw green. Bitcoin and Ethereum dipped on Friday, dashing hopes for the crypto market's fourth consecutive week of marketwide gains. But the coins are still off to a much better year in 2023 than they had in 2022.

Investors are pouring into MATIC ahead of a new update that could improve Polygon’s ability to scale and integrate with Ethereum. Polygon’s native MATIC token has soared 8.3% overnight to $1.08, as per CoinGecko data, while the overall crypto market cap has held steady above the key $1 trillion mark.

Also, El Salvador’s Bitcoin-loving head of state Nayib Bukele wants the world to know that his country is still solvent. Crypto this week was a mixed bag. After three weeks of consecutive growth, the fourth full week of 2023 saw Bitcoin prices virtually unchanged since last weekend, and while Ethereum depreciated a little, several altcoins like Aptos (APT), Axie Infinity (AXS) and Avalanche (AVAX) managed sizeable rallies.

NFT companies that failed to acknowledge an obscure 1997 law may be obligated to refund European customers in full for past purchases. After Porsche released its debut NFT collection earlier this week, most breath was spent skewering the project’s tone-deaf pricing and (initially) miserable sales. Days later, a small...