Celsius bankruptcy filing blames billion-dollar hole on rapid growth and bad bets
The firm originally hired bankers at Citibank to help with its restructuring, despite its history of strident anti-bank marketing campaigns.
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NFT of Tucker Carlson being accidentally pro-choice raises $14K for abortion rights
An NFT of Fox News host and staunch anti-abortionist Tucker Carlson has raised over $14,000 for groups like Planned Parenthood.
Billions in funds frozen as crypto manager Babel renegotiates loans
Crypto lender and asset manager Babel Finance is renegotiating its multi-billion loan balance. The company has suspended all withdrawals.
Explained: Solend DAO’s whale wars and DeFi lending drama
Amid a brutal repricing for crypto, Solana-based DeFi lending protocol Solend DAO found itself at the center of several potentially existential crises.
Bancor suspends DeFi Impermanent Loss Protection when users need it most
Citing “hostile market conditions,” Bancor has decided to suspend its main service, Impermanent Loss Protection.
J.P. Morgan plan to grow institutional DeFi despite CEO ripping on Bitcoin
One of the world's largest banks has been quietly working on a multi-trillion dollar project called institutional DeFi, but setbacks remain.
Luna 2.0: It came, they sold, it tanked
Recipients of revamped Luna tanked the token just hours after launch as they scrambled to recoup losses caused by the original's devastating crash.
Crypto exchanges welcome Luna 2.0 but holders face two-year token wait
HitBTC, Huobi and Binance have all shown support for the revival of Terra's blockchain as authorities continue to investigate its collapse.
YCombinator crypto DeFi startup StableGains lost $42M in Anchor Protocol
YCombinator startup StableGains held millions of dollars worth of customer funds within Anchor Protocol and lost it all.
Terra implosion could shape UK stablecoin regulations
In April the UK chancellor announced plans to recognize stablecoins. Terra's recent collapse will give regulators food for thought.