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Technology

Orthogonal Trading defaults on eight loans to lending protocol Maple Finance, totaling $36M, or ~30% of active loans on the protocol, likely due to FTX exposure (Tim Copeland/The Block)

[ad_1] Tim Copeland / The Block: Orthogonal Trading defaults on eight loans to lending protocol Maple Finance, totaling $36M, or…

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Technology

Binance releases its proof-of-reserves system, starting with BTC, claiming it has 582,485 BTC and 575,742 BTC user balance, a reserve ratio of 101% for users (Tim Copeland/The Block)

[ad_1] Tim Copeland / The Block: Binance releases its proof-of-reserves system, starting with BTC, claiming it has 582,485 BTC and…

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Technology

Terraform Labs halts the Terra blockchain to protect against a possible attack, after the collapse of its LUNA token reduced the cost of an attack (Tim Copeland/The Block)

[ad_1] Tim Copeland / The Block: Terraform Labs halts the Terra blockchain to protect against a possible attack, after the…

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Technology

As Luna crashes, Terra Analytics says ~152M LUNA tokens, or 30% of the circulating supply, are being staked, meaning many can't exit their position for weeks (Tim Copeland/The Block)

[ad_1] Tim Copeland / The Block: As Luna crashes, Terra Analytics says ~152M LUNA tokens, or 30% of the circulating…

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Technology

Luna and its related UST stablecoin continue to crash; Luna drops to as low as $4.51, an 85% slide in 24 hours, while UST drops to as low as $0.27 (Tim Copeland/The Block)

[ad_1] Tim Copeland / The Block: Luna and its related UST stablecoin continue to crash; Luna drops to as low…

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Technology

OpenSea acquires NFT aggregator Gem, which helps users buy and sell across marketplaces, for an undisclosed sum; Gem will continue as a standalone brand (Tim Copeland/The Block)

[ad_1] Tim Copeland / The Block: OpenSea acquires NFT aggregator Gem, which helps users buy and sell across marketplaces, for…

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