Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The crypto market ends the week at a total market capitalization of $2,17 trillion. Bitcoin continues to trade at around $62,300. Ethereum experiences no changes and stagnates at around $2,400. XRP is down by 2%, Solana by 1%, and Dogecoin by 3%. Almost all altcoins are trading in the red, with very few exceptions. The DeFi sector decreased the total value of protocols (TVL) to around…
Holdnaut
Crypto Lender Holdnaut Opts for Judicial Protection Amidst Troubles
Earlier today, Singapore-based lending platform Holdnaut shared its plans to stay afloat during its ongoing liquidity crisis amidst the crypto winter. The company has filed an application for judicial management with the Singapore High Court. Liquidity Issues Holdnaut is yet another platform that felt the widespread impact of the Terra collapse. On-chain data and other reports indicate that the crypto lender may have owned USTC worth $150M at one point. The company halted all operations, including deposits and withdrawals on…
3 years ago