Over the past two days, approximately $200 million in user funds have been withdrawn from MarginFi, a Solana lending protocol, due to the unexpected departure of its CEO and subsequent allegations of misconduct from rival platforms. April 10 saw Edgar Pavlovsky, previous CEO of MarginFi, unexpectedly stepping down from his position. He attributed his departure … Read more
Michael Sonnenshein, Grayscale’s CEO, mentioned that their leading Bitcoin (BTC) exchange-traded fund (ETF) will decrease its fees in due time, which is currently the highest among all US spot Bitcoin ETFs. However, he added that this reduction would occur once the products have fully developed. At Canaccord Genuity’s Digital Assets Symposium on April 10, Sonnenshein … Read more
Soon, investors can purchase representative shares, equivalent to a 4,500 sq ft Hampton by Hilton hotel in El Salvador, through tokenized investments on the Bitcoin Liquid Network’s second layer. Bitfinex Securities, El Salvador’s first licensed and registered digital asset provider, will help the country facilitate its first tokenized asset fundraising event. Debt for this initiative … Read more
BONK’s price has fallen by almost 30% in the last month. Readings from its price charts suggest the possibility of a further decrease. Despite the surge in the memecoin market over the past month, Bonk (BONK), which runs on the Solana blockchain, went against the flow and experienced a 27% price drop based on CoinMarketCap’s … Read more
According to a recent study, a larger number of young Americans are now holding cryptocurrencies compared to stocks, suggesting a trend towards different financial assets and approaches to investing that contrast those favored by elders. A survey conducted from Oct. 16-19, 2021, and released by Policygenius on April 9, 2022, gathered data from 4,063 American … Read more
On April 11, users of Pac Finance’s decentralized finance (DeFi) app reportedly experienced $24 million in liquidations due to a sudden modification of parameters made by a developer wallet, as per various social media postsings and the official Discord channel. The Discord moderator stated that the team has been informed about the issue. Nevertheless, no … Read more