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MoeCrypto
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A curation of crypto news and insights @moneyacademyKE
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🤔 Cramer: Anything consumer-oriented has seemed to have entered bear market territory.
MoeCrypto
🤔 Stream Finance: yesterday, the external fund manager overseeing Stream's funds reported the loss of $93 million in fund assets. In response, Stream is bringing in experts to fully investigate the incident. Meanwhile, the depeg has increased to 57%.
🏴‍☠️ #XUSD DeFi-analyst YieldsAndMore mapped the risks associated with Stream Finance's $93 million loss and said that hundreds of millions of dollars in loan and collateral positions could be indirectly affected across lending, stablecoin and liquidity pool networks.
According to YieldsAndMore, Stream's debt spans at least seven networks and includes multiple counterparties such as Elixir, MEV Capital, Varlamore, TelosC and Re7 Labs. Assets associated with Stream's xUSD, xBTC and xETH tokens are re-pledged in the Euler, Silo, Morpho and Sonic protocols, reinforcing the potential spread of risk in DeFi.
🤝 #DOLO Dolomite Foundation has entered into a $10 million private placement and strategic partnership with Stewards Inc. a financial services company advancing its digital asset strategy through network infrastructure and tokenized finance.
🐳 1,546.26 #BTC ($160,472,109) aggregated inflows to Binance. link
⛏️📉 #BTC Mining Profitability Slumps as Hashprice Falls to Multi-Month Low. coindesk
🤝 #BTC Microsoft signs $9.7B deal with BTC miner IREN. link
🕵️‍♂️ #SUN The sun.іo team bought back 2.06M SUN ($45K) and burned it, totaling 648.54M SUN ($13.86M) since Dec 15, 2021. link
💰 Lava, a #BTC lending platform, announced it has raised $200 million in venture and debt funding.
💰 Stablecoin-enabled payments infrastructure platform Zynk has raised $5 million from Coinbase Ventures and others. theblock
🐳 #ETH A mysterious whale accumulates ETH aggressively, borrowing and depositing large amounts on Aave and Binance, making a profit of over $29M. link
🇭🇰🏦 #BTC #ETH Standard Chartered will launch innovative digital asset solutions in Hong Kong next year, including custodial services for BTC and ETH.
MoeCrypto
🤔 #BAL Balancer: we are aware of a potential threat affecting Balancer v2 pools. Our teams are conducting an investigation. We will announce next steps as soon as we have more information.
🕵️‍♂️🏴‍☠️ #ETH New analysis reveals the $116M Balancer exploit was meticulously planned for months with funding sourced through Tornado Cash trickles, showing no obvious OPSEC leaks. link
📈 #SOL Solana treasury firm Upexi’s holdings climb 4.4% to over 2.1 million SOL, with an 82% increase in adjusted SOL per share and a 96% return for investors since April private placement. link
📊🙋‍♂ #ZK ZkSync founder proposes new ZK tokenomics with cross-chain fees and enterprise licensing revenues to enhance utility, aiming to direct value towards governance activities. Total revenue for ZkSync era stands at $30.03m. link
📝👀 #AI #BTC MARA Holdings has outlined plans for an AI and energy shift with MPLX LOI, while also impressing with their Q3 results. coindesk
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🙋‍♂👀 #ETH SharpLink reported that they received 459 ETH in steaking rewards last week (did not report ETH acquisition).
🇺🇸🍿 The US Congress has introduced a bill to ban the use of public office for personal enrichment through cryptocurrency projects and call for measures to prevent conflicts of interest and foreign influence on politicians with digital assets.
👀 #JUP Jupiter DAO approved a proposal that would burn about 130 million JUP held in the Litterbox Trust (about 4% of total circulation).
👍 #BAL #BERA Berachain announced that they have returned $12.8M stolen by hackers to Balancer. #HONEY minting and redemption has resumed.
🎰 James Wynn today opened a #BTC short at ~$107k and is not taking profits yet.
🇺🇸👀 Crypto #ETF Flows Today:
#BTC-ETFs:
NetFlow: -1,723 BTC ($180.02M) 🔴
BlackRock outflows 1,748 BTC ($182.6M) and currently holds 799,701 BTC ($83.55B);
#ETH-ETFs:
NetFlow: -38,833 ETH ($138.25M) 🔴
BlackRock outflows 22,681 ETH ($80.74M) and currently holds 3,970,064 ETH ($14.13B).