2025-4-12 00:29 |
This week the declining crypto market capitalization and large swings in Bitcoin price have influenced the picks, Hyperliquid, Curve DAO and Fartcoin. The three tokens have rallied between 25% and 100% in the past seven days. origin »
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Addresses tied to Curve founder Michael Egorov are borrowing nearly $100 million in various stablecoins against $140 million in curve tokens.
The attacker who targeted Curve Finance, a decentralized finance (DeFi) protocol, has begun returning some of the stolen funds. The attacker sent 4,821 Ethereum (ETH), worth approximately $9 million, in a series of transactions to Alchemix Finance, one of the victims.
Curve Finance’s native token CRV has recovered from a 6-month low, and many believe that the news of Huobi co-founder Jun Du buying CRV tokens has contributed to it. Jun Du bought 10 million tokens valued at $4 million from Micheal Egorov, founder of Curve.
In the last three days, the DeFi sector has seen an 8% decline in the total value of locked assets (TVL), falling to $40. 31 billion, as per DeFiLlama data. As of July 30, DeFi projects TVL stood at $43.
PLUS: Bitcoin dominance sagged in July, absent a compelling BTC catalyst, and as altcoins seemed to benefit from a partial Ripple court victory.
Fitch downgraded the U.S. credit rating to AA+. A similar downgrade by S&P in early August 2011 had cratered risk assets, including bitcoin.