Crypto News
Alpaca Finance, Once a DeFi Giant on BNB Chain, Will Shut Down
Alpaca Finance, once a cornerstone on the BNB Chain and an early leader in leveraged yield farming, will shut down operations by the end of 2025 due to an unsustainable business model amid a more competitive and capital-intensive DeFi landscape.The protocol said Monday that it will begin winding down all products, including its original yield farming platform, automated vaults, and decentralized perpetuals, over the next few months.Front-end access will remain available through December 31, 2025, to give users time to withdraw their assets.“This choice wasn’t made lightly,” the Alpaca team wrote. “But we believe it is the most responsible course of action to safeguard our community and ensure a graceful and secure wind-down.”Launched during decentralized finance's (DeFi) 2021 boom, Alpaca...
Dogecoin, XRP Slump as Crypto Profit-Taking Continues Ahead of Friday’s Inflation Data
Bitcoin BTC was just 1% lower in the past 24 hours, while XRP XRP and dogecoin DOGE slipped 2.5% each, signaling a tepid recovery rather than a firm rebound.Markets were jolted late last week after U.S. President Donald Trump proposed raising tariffs on European imports to 50%, up from a previously discussed 20%.“Bitcoin's rebound came after Trump decided to delay imposing new EU tariffs, which had initially sparked a market downturn over the weekend,” Jeffrey Ding, chief analyst at HashKey Group, told CoinDesk in a Telegram message.“Traders see these macroeconomic events as a welcome stability boost, encouraging a risk-on sentiment, especially as MicroStrategy’s Michael Saylor hinted at upcoming Bitcoin purchases,” Ding added.Markets calmed somewhat on Monday after Trump announced he...
Former IMF Chief Economist: Bitcoin Undermines Dollar Hegemony in $25 Trillion Shadow Economy
Kenneth Rogoff, former chief economist of the IMF, has argued that bitcoin flows are already affecting the use of the dollar in the so-called “shadow economy.” This, consequently, is causing troubles for the U.S. economy, by propping up interest rates. Former IMF Chief Economist Claims Bitcoin Is Substituting the Dollar in the $25T Shadow EconomySource link
Jupiter Price Surges Amid Expansion and Bitcoin Tailwinds
Jupiter’s native token JUP’s rally points to deeper momentum across Solana and macro markets, analysts told Decrypt.Source link
Sam Bankman-Fried Reportedly Could Be Released Four Years Early
Former FTX CEO Sam Bankman-Fried has been sentenced to 25 years in prison for his role in a fraud scheme involving the misappropriation of customer funds to his hedge fund, Alameda Research. According to a Business Insider report, the Bureau of Prisons (BOP) estimates that he could be released as early as December 14, 2044,Source link