‘High-Risk’ Crypto Loans Surge to a Two-Year High of $55M
High-risk USD loans. (IntoTheBlock)
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High-risk USD loans. (IntoTheBlock)
The founder of decentralized finance protocol Aave said the platform generated $6 million worth of revenue during Monday’s crypto market sell-off.
A sentiment index that tracks crypto markets changed to “fear” early Monday, suggesting a possible sign of a near-term local bottom.
The developers said the team’s positions were “targeted” and they plan to create an operational DAO to take ownership of the Kujira Treasury and core protocols.
BTC nosedived from over $65,500 to $64,100 within minutes in the early hours of Thursday as Asian markets suffered.
“The German government still has over $2.3 billion worth of bitcoin, Mt. Gox has more than $8 billion, and the US government has over $12 billion,” one trader pointed out.
Solana’s SOL and dogecoin (DOGE) lead losses among major tokens, with the CoinDesk 20 index down 4.8%.
The CoinDesk 20 index, which tracks major tokens minus stablecoins, slumped just over 4%.
Over $400 million in crypto longs were liquidated in the past 24 hours as major tokens slid as much as 10%.
BTC plummeted more than 2% in an hour to $65,200 during the U.S. trading session from around the $67,000 area. The leading crypto was down 7.5% over the past seven days