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Eywa addresses DeFi liquidity fragmentation through its CrossCurve DEX, enabling unified crosschain trading, and the Consensus Bridge, which enhances security with a multi-protocol approach. With over $1.85 billion in trading volume and significant backing, Eywa aims to reshape DeFi by improving accessibility and trust across blockchain networks.
Michael Egorov, founder of Curve, faced liquidation of 918.83K CRV ($882,000) as the token's value dropped over 12% in 24 hours. This follows a series of significant liquidations earlier in 2024, totaling $140 million, linked to his attempts to bolster CRV's price through loans. Egorov noted that the recent liquidation was related to the uWu hack in June, despite the ongoing decline in CRV's performance, which has seen total value locked on the Curve platform fall from $3.5 billion to $3.25 billion.
The Bank of England is mandating firms to report their crypto asset exposure by March 24, 2025, to enhance financial stability and inform regulatory frameworks. The Prudential Regulation Authority (PRA) is particularly concerned about risks associated with permissionless blockchains and settlement failures. This initiative aims to establish a baseline for monitoring risks and guiding future regulations in the evolving crypto landscape.
Michael Egorov
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
eywa bridges liquidity gaps and enhances security in decentralized finance
19:00 27.12.2024
curve founder faces liquidation again as crv price plummets
14:38 19.12.2024
bank of england mandates firms to report crypto exposure by 2025
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