Bitcoin24h $107,923.21-4.29%

Ethereum24h $3,781.93-5.23%

BNB24h $1,087.54-1.99%

XRP24h $2.48-6.01%

Solana24h $186.55-6.80%

Dogecoin24h $0.1827-5.73%

TRON24h $0.2912-1.87%

Cardano24h $0.6129-5.17%

Hyperliquid24h $46.96-3.05%

Chainlink24h $17.21-5.00%

DeFi projects under fire for inflated TVL and murky lending loops

Critics of DeFi yield farming projects claim they created a “daisy chain” by recursively lending funds between one another to inflate TVL.

CHART: Crypto IPO winners and losers

Cryptocurrency firms have been rushing to IPO, but only some have been able to increase their value since listing publicly.

Investors have almost given up hope that the Solana-Western Union link-up will differ from every other failed crypto-TradFi partnership.

Changpeng Zhao also warned traders to steer clear of the CZSTATUE memecoin that was launched alongside the gaudy sculpture.

Anthony Shnayderman had 100 ETH moved out of his wallet following a test transaction, likely by the FBI or another government entity.