The past couple of months has been extremely difficult for the crypto space as the lending firms have been in serious trouble. After the fall of the LUNC (LUNA then) due to the de-peg of USTC (UST the...
Tag: Liquidity
Celsius exodus and liquidity crisis
Last week, the Celsius Network wrote its name in the alarming recent history of the crypto market failures alongside Terra. The American platform has unstaked $247 million worth of Wrapped Bitcoin (wB...
Astaria Raises $8m in Seed Round to Improve NFT Lending Liquidity
Astaria, an NFT lending platform unlocking instant liquidity, announced on Tuesday that it has raised $8 million in a seed round from major venture capital and angel investors. Astaria disclosed it i...
Crypto Unicorn Babel Finance Moves To Solve Liquidity Crisis
Crypto lender Babel Finance on Monday said it has signed preliminary agreements with several counterparties on the repayment period of some debts. The preliminary agreements will help ease the company...
DeFi Protocol Bancor Pauses Impermanent Loss Protection Feature Amid Liquidity Crisis
Prominent DeFi protocol Bancor suspended its Impermanent Loss Protection program, citing “hostile market conditions” and “manipulative behavior” as the main causes behind the action. Assuring users an...
Babel Finance reaches debt agreement to ease liquidity pressure
? Want to work with us? CryptoSlate is hiring for a handful of positions! Cryptocurrency lender Babel Finance, which halted withdrawals on June 17 citing liquidity pressure, has reached preliminary ag...
Celsius Warns Stabilizing Liquidity ‘Will Take Time’
Celsius Network said it’s working with controllers not entirely set in stone to determine its concerns Investor BnkToTheFuture has proposed a recovery plan The update comes seven days after the ...
Bitfarms Sells 1500 BTC Goes for New Loan to Boost Liquidity
Bitfarms Ltd, a global Bitcoin self-mining company headquartered in Canada, announced on Friday that it entered into an equipment financing agreement to stabilize its financials amid the plunge in cry...
Babel Finance Halts Withdrawals Due to ‘Unusual Liquidity Pressures’ – crypto.news
As per a statement on the company’s website, Babel Finance, a Hong Kong-based crypto lender, has halted withdrawals and redemptions. Babel Experienced Strange Liquidity Pressures “Babel Finance is exp...
Decentraland DAO Issues $1 Million in MANA to Support ICE Liquidity
Vladislav Sopov Decentral Games, a mainstream play-to-earn ecosystem, receives $1 million grant ahead of major update Contents Decentral Games receives $1 million grant in MANA Sit-and-go tournament m...
Babel Finance suspends withdrawals due to “unusual liquidity pressures”
? Want to work with us? CryptoSlate is hiring for a handful of positions! As the crypto winter prolongs, its effects are rippling into different areas of the crypto ecosystem and forcing difficult dec...
Liquidity Crisis for Crypto Lenders Arises as BTC and ETH Reserves Fall – crypto.news
Despite gains in the last 24 hours, the slow crypto market price recovery has not been sufficient to offset recent losses from the crypto crash, which affected the largest market cap holders Bitcoin a...
Crypto Lending Platform Babel Finance Pauses Withdrawals, Citing ‘Liquidity Pressures’
Babel Finance has become the latest crypto lending platform to suspend redemptions and withdrawals, the Hong Kong-based company said in a blog post Friday. The firm stated it was “facing unusual liqui...
Crypto lender Babel Finance halts withdrawals due to liquidity pressures
Hong Kong-based asset manager Babel Finance is the latest cryptocurrency lending firm experiencing some serious issues amid the ongoing market downturn. Babel Finance officially announced Friday a tem...
Babel Finance Temporarily Suspends Withdrawals Due to “Unusual Liquidity Pressure”
Hong Kong-based cryptocurrency lending company Babel Finance has temporarily suspended its services, citing liquidity pressure due to extreme market conditions. Babel Finance Halts Withdrawals In a b...
Babel Finance Pauses Crypto Withdrawals Following Liquidity Troubles
Babel Finance – an Asian crypto lending platform coming off a $2 billion valuation – has revealed that it is facing liquidity pressures. In response, it has paused all withdrawals and redemptions from...
Babel Finance Halts Withdrawals, Citing Low Liquidity
Key Takeaways Babel Finance suspended withdrawals and redemptions today, citing liquidity pressures as its reason for doing so. The firm did not say if or when it would resume services but said that i...
Is UNFI’s [Unifi Protocol DAO] 200% rally just another case of exit liquidity
The cryptocurrency space has spent the entire year struggling as many market experts expect a deep bearish phase. Many cryptocurrencies have fallen from regions seen as all-time highs over a year ago....
After Celsius, Is This Crypto Lender Facing A Liquidity Crunch?
Crypto lender Celsius’ recent suspension of withdrawals has rattled sentiment towards its peers, with majors such as Nexo and BlockFi now facing potential bank runs. The situation has also been exacer...
Liquidity provider asks platforms to freeze 3AC funds to recover assets after litigation
Danny Yuan, the CEO of trading firm 8 Blocks Capital, called out to platforms that are holding funds owned by 3AC to freeze the assets, as rumors of 3AC’s insolvency stay afloat. In a Twitter thread,...
Bancor 3 Integrates Over 100 Tokens to Enhance DeFi Liquidity
Bancor 3, a DeFi liquidity solution by decentralized trading protocol Bancor, has incorporated more than 100 tokens, such as USD Coin (USDC), Polygon (MATIC), and Enjin (ENJ), for more sustainable and...
Chingari Web3 Video App Introduces $12 Million Liquidity Program
Vladislav Sopov Indian “TikTok killer” Chingari launches massive incentive for digital content creators Contents Chingari to distribute $12 million in GARI equivalent annually NFT-powered ...
Ethereum Plunges to $845 for Second as Liquidity on Uniswap Remains Problematic
Arman Shirinyan Someone could potentially buy second largest cryptocurrency on market with 15% discount Once again, Ethereum took a massive plunge down because of the lack of liquidity on the Uniswap ...
The Future Of DeFi Liquidity Aggregators
Liquidity aggregators are not new in the financial world; in fact, the solution has been applied for many years across traditional financial instruments to solve fragmented liquidity. Accordingly, it ...
How the Celsius Liquidity Crunch Is Linked to Lido’s Staked Ethereum
It’s only been a month since the collapse of Terra, and the chaos that it created in the crypto market, and now Lido Finance and its Staked Ethereum (stETH) are at the center of another potential liqu...
Celsius Tanks 70% in 1 Hour After Company Pauses Withdrawals to ‘Stabilize Liquidity’
On Sunday night, with crypto markets already in freefall, controversial crypto lender Celsius announced it was suddenly pausing all customer withdrawals, swaps, and transfers. “We are taking thi...
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...
Lack Of Liquidity Forces Celsius To Block Crypto Withdrawals
Celsius’s decision to stop all crypto withdrawals has sent the already volatile market into a freefall, as BTC, ETH, and other leading cryptos crashed on Monday. Suspending Withdrawals To Maintain Li...
Osmosis back online after fixing bug that caused liquidity exploit
? Want to work with us? CryptoSlate is hiring for a handful of positions! Following a bug in Osmosis that “allowed liquidity providers to earn an extra 50% when adding and withdrawing liquidity,” the ...
Lending Platform Celsius Freezes Withdrawals, Raising Liquidity Concerns
Celsius has announced that it has paused all withdrawals on its platform from the early hours of Monday. The lending platform which is used by more than 1.7 million people in the crypto space made thi...
Celsius Network Halts All Withdrawals As It Faces Liquidity Crisis, CEL Tanks 45%
Lending platform Celsius Networks made a major announcement recently that it has paused all withdrawals on the platform, a move that it calls is in the interest of the community. Following the announc...