Commodity Futures Trading Commission’s (CFTC) Christy Goldsmith Romero has pointed to the collapse of the Terra ecosystem and its flow-on effects as an example of how contagion risks within crypto mar...
Tag: Contagion
FTX CEO Sam Bankman-Fried Says Regulation Could Prevent Next Crypto Contagion
FTX chief executive Sam Bankman-Fried says that more stringent regulatory policy might be what prevents the next 2022-style crypto meltdown. In a new interview on the FTX Podcast, the crypto billionai...
Fallout from crypto contagion subsides but no market reversal just yet
The blockchain industry showed some surprising resilience in July, which may point to a period of greater fundamental support for the crypto space overall in the short term. In looking at a wide varie...
Maple Finance Launches $40M Lending Pool as Contagion Fear Subsides
The new pool is a DeFi debut for market maker Flow Traders Industry lenders went risk-off in recent months, Maple CEO Sid Powell said Maple Finance is touting its new $40 million institutional lending...
Crypto Contagion Only Targets “Poor Balance Sheet Management Companies”
Jonathan Miller said that the company, which is badly using its balance sheet, got affected by crypto contagion. He is a managing director of Kraken Australia, a US-based crypto exchange company. Acco...
Crypto contagion deters investors in near term, but fundamentals stay strong
The past six-odd months have been nothing short of a financial soap opera for the cryptocurrency market, with more drama seemingly unfolding every other day. To this point, since the start of May, a g...
$2,200,000,000,000 Banking Giant Citi Says Crypto Contagion Has Likely Passed: Report
An analyst from banking titan Citigroup is reportedly saying that the crypto contagion that has impacted the industry over the last several months is likely over. In a recent note to clients as cited ...
New Citi Report Suggests Crypto Contagion Is Finally Over
Citi believes that crypto contagion has peaked, and according to its new report, a number of indicators suggests so. According to a Thursday research report by Citi, crypto contagion may have ended, a...
FTX in talks to raise funds amid spending spree to prevent contagion
Sam Bankman-Fried-led FTX and its US division FTX US are in talks to raise new funds, Bloomberg News reported July 20. The crypto exchange reportedly seeks to raise an amount at the same valuation as ...
Zipmex a Victim of Crypto Contagion as Concerns Grow Over Babel Loan: Sources
The backstory, according to an industry executive briefed on the matter by people with direct knowledge of the situation, is that a Singaporean arm of Zipmex faces a big loss on about $100 million of ...
Summary Of The Contagion Event That Brought On The Bear Market
Are we in a bear market? Opinions vary, but it certainly feels like one. Markets across the board and across the world are in the red, and the bitcoin and crypto ones are no exception. If you’ve been ...
FTX willing to use $2B in cash to bail out crypto industry, stop contagion
FTX has “enough cash on hand to do a $2 billion deal if necessary” to help support the crypto industry through difficult times, CEO Sam Bankman-Fried told Reuters. SBF also told CNN that FTX has remai...
Voyager Files for Bankruptcy Citing Contagion in Crypto Markets, Three Arrows Capital’s Loan Default – Featured Bitcoin News
Crypto lender Voyager Digital has filed for Chapter 11 bankruptcy. The company explained that the “prolonged volatility and contagion in the crypto markets” and the default of crypto hedge fund Three ...
SBF says FTX could acquire distressed BTC mining companies to prevent contagion fears
FTX CEO Sam Bankman-Fried is reportedly turning his attention to the crypto-mining industries with the possibility of acquiring distressed mining firms, Bloomberg News reported. This is coming after F...
How low can Ethereum price drop versus Bitcoin amid the DeFi contagion?
Ethereum’s native token Ether (ETH) has declined by more than 35% against Bitcoin (BTC) since December 2021 with a potential to decline further in the coming months. ETH/BTC weekly price chart. ...
Crypto has a contagion problem, and it’s not over yet
The meltdown in the crypto markets continues to take victims, as this week has brought more news of firms staring down the barrel of insolvencies. The cascading distress highlights just how insular an...
Germany Warns of Lehman-Like Contagion From Russian Gas Cuts
(Bloomberg) — Germany warned that Russia’s moves to slash Europe’s natural gas supplies risked sparking a collapse in energy markets, drawing a parallel to the role of Lehman Brothers in trigger...
Maple Finance Faces Liquidity Crunch From Babel Contagion
Crypto lender Maple Finance is also facing liquidity issues amid the ongoing liquidity crisis in the crypto market. Maple Finance on Wednesday revealed that Babel Finance has a loan of $10 million in ...
Crypto Billionaire Sam Bankman-Fried Doles Out Credit Lines to Stem Contagion
(Bloomberg) — Sam Bankman-Fried, the crypto billionaire who co-founded digital-asset exchange FTX Trading Ltd., is providing credit lines to try to stem contagions for his beleaguered industry. ...
FTX CEO blames Fed Reserve for bear market, will step in to prevent ‘contagion’
? Want to work with us? CryptoSlate is hiring for a handful of positions! FTX CEO and founder Sam Bankman-Fried (SBF) said the downturn in the crypto market is driven by the aggressive rate hikes intr...
SBF and Alameda step in to prevent crypto collapse contagion
Sam Bankman-Fried’s (SBF) Alameda Research is “stepping in” to prevent further contagion across the crypto sector during the current bear market. Numerous crypto companies are facing liquidity issues ...
Hong Kong based Babel Finance freezes withdrawals as contagion spreads
Babel Finance suspends all further withdrawals, citing that it is “facing unusual liquidity pressures” as the crypto market flounders, perhaps due to the ongoing issues with Three Arrows Capital and C...
DeFi contagion fears and rumors of Celsius and 3AC insolvency could weigh on NEXO price
The price of Nexo (NEXO) continued to fall on June 15 as crypto lending firms continue to be shaken by the falling cryptocurrency market. Meanwhile, Nexo has denied rumors of exposure to Three Arrows ...
Bitcoin Drops Toward $20K Amid Contagion Risks in Crypto Markets
“Over the past couple of years, cryptocurrencies have become a global macro asset,” said Mikkel Morch, executive director at crypto hedge fund ARK36, in an email. “So it is to be expected that they wi...
Celsius liquidity crisis fuels fears of crypto market contagion
Cryptocurrencies have taken a tumble in 2022. Chesnot | Getty Images A liquidity crisis at cryptocurrency lending firm Celsius has investors worried about a broader contagion that could bring down oth...
DeFi contagion? Analysts warn of ‘Staked Ether’ de-pegging from Ethereum by 50%
The next big crypto crash could be around the corner due to Lido Staked Ether (stETH), a liquid token from the Lido protocol that is supposed to be 100% pegged by Ethereum’s native token, Ether (ETH)....
Interview: GlobalBlock’s Sotiriou discusses Terra meltdown & Tether contagion
Fear and panic have spread through the cryptocurrency markets all week following the shocking collapse of the Terra ecosystem. The UST stablecoin, once worth $18 billion, entirely lost its peg and bro...
Will Kusama [KSM] defy further selloff amid crypto market contagion
Kusama’s native cryptocurrency KSM is one of the many casualties of the latest bear market. It has so far plunged by roughly 50% since the start of May and the heavy discount has sent it crashing to J...
China Contagion Threatens to Derail the World’s Emerging Markets
(Bloomberg) — A widespread selloff in China is rippling through emerging markets, threatening to snuff out growth and drag down everything from stocks to currencies and bonds. Most Read from Blo...
DeFi Users Fret ‘Contagion’ Risk Amid Possible Stablecoin Depegging
A scandal has rocked investor faith in a popular stablecoin, and as users rush to exit, the clamor is threatening to throw the asset off its dollar peg. Even worse, however, some observers worry that ...
Macro ‘contagion’ sends bitcoin to lowest level in six months
advertisement Bitcoin was trading at levels not seen since July as macro concerns impact the cryptocurrency market. Bitcoin was trading near $33,000 on Monday, extending its losses by more than 50% s...
IMF Economists Warn of ‘Contagion’ Risk in Increasingly Linked Bitcoin and Stock Markets
In brief The price correlation between crypto and stock markets is increasing. This poses a risk to countries with heavy crypto adoptions, say three IMF economists. For roughly a decade, Bitcoin and o...