Curve’s CRV token plunged 30% in early Asian trading hours as some loan positions tied to its founder, Michael Egorov, started to automatically liquidate. Egorov’s addresses have taken out a cumulative loan of nearly $100 million worth of stablecoins against $140 million in CRV collateral, leading to sudden selling activity. Read more on CoinDesk.
Terraform Labs Settles with SEC for $4.47 Billion
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Terraform Labs Settles with SEC for $4.47 Billion