DeFi sleuths trace $284M in loans and stablecoin risk linked to Stream Finance

Fulcrum has just launched a fully insured crypto lending platform regulated in Switzerland, allowing users to access loans backed by popular cryptocurrencies and stablecoins.

Stream Finance is facing a significant setback as its stablecoin, XUSD, has plummeted to a mere $0.24, following a staggering $93 million loss. This drastic decline not only raises concerns about the stability of the project but also impacts investor confidence in the broader cryptocurrency market. The situation highlights the volatility and risks associated with stablecoins, which are often seen as safer investments in the crypto space. As the market reacts, stakeholders are left wondering about the future of Stream Finance and the implications for similar projects.

The crypto market is experiencing a significant downturn, primarily due to long-term holders selling off $44 billion in Bitcoin, while exchange-traded funds (ETFs) only managed to attract $4 billion in inflows. This situation is exacerbated by various issues, including alleged xpub logging by Samourai Wallet, mining raids in Iran, and a $93 million loss by Stream Finance, which has led to the depegging of its stablecoin. Despite this bearish trend, Bitcoin remains above $100,000, and historically, November has been a strong month for returns, averaging a 42.11% increase. For those looking to invest, presales like $PEPENODE are gaining attention.

Ripple's RLUSD has made a remarkable entry into the top 10 USD stablecoins, achieving a market cap of $1 billion in under a year since its launch. This rapid growth highlights the increasing acceptance and demand for RLUSD in the cryptocurrency market, showcasing Ripple's innovative approach and potential to reshape the stablecoin landscape.

Stablecoins are finally receiving the attention they deserve as their settlement times across different blockchains are being addressed. This is crucial because purpose-built payment chains need to stay operational to avoid the fragmentation seen in traditional finance (TradFi). Improving these aspects can enhance the efficiency and reliability of stablecoins, making them a more viable option for everyday transactions.

Stream Finance, a decentralized finance protocol, has suspended all deposits and withdrawals after incurring a staggering $93 million loss. This significant financial setback has raised alarms within the DeFi community, leading to a formal investigation. The halt in operations not only affects users' access to their funds but also raises questions about the platform's security and management practices, highlighting the risks associated with decentralized finance.

Stream Finance has hit a major setback, pausing its platform after uncovering a staggering $93 million loss. This situation has led to its stablecoin losing value, dropping to $0.50. The pause on deposits and withdrawals raises concerns for users and investors alike, highlighting the risks involved in the finance sector, especially in the volatile world of cryptocurrencies.

Stream Finance is grappling with a significant $93 million loss, prompting the company to initiate a legal investigation. This situation raises concerns about the company's financial health and operational decisions, which could impact investors and stakeholders. Understanding the reasons behind this loss is crucial for the market, as it may signal broader issues within the financial sector.

Mevolaxy has just launched its new mobile app, which is already making waves by announcing record payouts for its users. This exciting development promises to enhance user experience and engagement, making it easier for everyone to access their services.

Recent trends show a notable withdrawal of Bitcoin from various crypto exchanges, but Binance is seeing a surge in BTC inflows. Despite the volatility in Bitcoin's price, investors are flocking to Binance, indicating confidence in the platform.

Bitcoin has taken a significant downturn as concerns rise over a socialist potentially taking control of New York City, coupled with fears of an AI bubble leading to a stock sell-off. Investors are reacting to these developments, causing a ripple effect in the market.

YouTube recently removed XRP commentator Oscar Ramos's coverage of a significant industry event, citing a violation of community standards. This incident has sparked memories of past 'crypto purges' on the platform, raising concerns among content creators and crypto enthusiasts.

Bitcoin's price has fallen below $100,000 for the first time since June, with market expert Lark Davis calling the sell-off 'absolutely relentless.' Factors like ETF selling activity are contributing to this downturn, and analysts are forecasting a potential decline to $70,000.

Experts are optimistic about the XRP Ledger's dual utility, suggesting it could be a strong candidate for a breakout ETF. With its unique features and growing adoption, the XRP Ledger is gaining attention in the financial markets.