Cointime

Download App
iOS & Android

Maple Finance Ends Ties With Orthogonal Trading Over Loan Default

One of the biggest crypto lending protocols, Maple Finance, recently revealed that it would break connections with another crypto enterprise, Orthogonal. The latter’s financial situation prevented it from being able to pay back its debt, which had a role in the former’s final choice. 

(By Suzuki Shillsalot)

Comments

All Comments

Recommended for you

  • Trump win fuels bitcoin derivatives boom as futures open interest surges over $60 billion

    Bitcoin futures open interest has surged since Donald Trump’s election win. Bitfinex analysts observe this as “organic growth,” dismissing fears of a correction despite increased leverage.
  • Crypto in 2024 Reaches $3 Trillion Market Cap, Embraced by 72% of Retail Investors

    New users face barriers in onboarding, interfaces, and managing private keys, limiting adoption. GT Protocol offers a crypto investment platform that uses an AI chatbot for trading and portfolio management.
  • Tokenization can transform US markets if Trump clears the way

    Trump’s presidency offers a unique opportunity to transform US financial markets through tokenization, but success hinges on reimagining regulatory frameworks.
  • 4 reasons why $100K is the next logical step for Bitcoin

    Bitcoin’s path to $100,000 is supported by strong ETF inflows, MicroStrategy’s continued accumulation, macroeconomic trends and miner confidence.
  • State of NEAR Q3 2024

    NEAR Protocol (NEAR) is a smart contract platform that utilizes a Thresholded Proof-of-Stake (PoS) consensus algorithm to execute transactions. NEAR incorporates the Nightshade 2.0 sharding mechanism, which facilitates increased transaction throughput and scalability by taking a novel approach to basic network functionality, and is EVM-compatible via Aurora.
  • Introducing Investor Cost Basis On-Chain

    We introduce the Cost Basis Distribution (CBD), a novel metric that helps identify key accumulation and distribution zones, tracks their evolution over time, and offers a data-driven framework for understanding critical price levels derived from on-chain data.
  • Cointime August 11st News Express

    1.Fed Governor Bowman: Be cautious about rate cuts
  • Cointime August 4 News Express

    1.Jump Trading is redeeming 120,000 wstETH in batches into ETH and then transferring it to CEX
  • Jump Trading is redeeming 120,000 wstETH in batches into ETH and then transferring it to CEX

    According to the monitoring of on-chain analyst Yu Jin, Jump Trading may be selling ETH: they are currently redeeming a wstETH (120,000 pieces) worth $410 million in batches into ETH and then transferring it to exchanges such as Binance/OKX. So far, they have unpacked and redeemed 83,000 wstETH into 97,500 ETH in the 9 days since July 25. Among them, 66,000 ETH (191.4 million US dollars) have entered the exchange.At present, there are still 37,600 wstETH in their wstETH storage address that have not been transferred out; 11,500 stETH in the redemption ETH address is being redeemed into ETH; and 20,000 ETH in the ETH transfer address to the exchange are waiting to enter the exchange in batches.
  • Trump team files complaint over Harris inheriting $96 million in Biden campaign funds

    According to reports from foreign media, the Trump campaign team has filed a complaint with the Federal Election Commission, claiming that Biden's transfer of $96 million in campaign funds to Harris is illegal. David Warrington, a lawyer for the Trump campaign team, said that this was a "shameless money-grabbing act" and would constitute the largest excessive donation and most serious violation in the history of the Federal Election Law. Shortly after Biden withdrew from the election and appointed Harris as his preferred successor, she took over Biden's campaign committee's bank account. Steve Roberts, a lawyer who represented Republican candidates, said that the argument against the transfer was a "wishful thinking" of his Republican colleagues. The Harris campaign team said that this complaint would not affect its fundraising or spending.