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Degens borrowing ETH to get fork tokens create headaches for DeFi platforms

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Aave has halted ETH lending until the Merge has gone through, while Compound Finance has opted to cap the number of loans and introduce a “jump” interest rate model.

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Coin Market

Philippines SEC warns on dYdX, six other unauthorized crypto platforms

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Promoters of flagged platforms may face fines of up to 5 million Philippine pesos ($89,000) or up to 21 years in prison under Philippine securities law.

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Coin Market

Scammers demand crypto from stranded ships in Strait of Hormuz: Report

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Shipping companies stranded near the Strait of Hormuz are reportedly being targeted by scammers posing as Iranian authorities, demanding Bitcoin or USDt for “safe passage.”

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Coin Market

Bitcoin risks losing $70K as Strategy’s STRC slips below $100

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STRC’s dropped below its $100 par value, indicating that Strategy will likely pause Bitcoin buying this week, which could help the bears pull price down to $70,000.

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