The Curve Finance Exploit Runs a $100 Million DeFi Risk, and Bitcoin Joins the Stock Market Plunge
kunjifinance.substack.com
The probable spread of the CRV (Curve Finance) bad debt situation has prompted Bitcoin(BTC) and the DeFi community to take a hit following another week of deathly low volatility. Furthermore, over the course of the week, US Dollar Index(DXY) and US bond yields have increased. This might be a result of the BoJ's tightening of their monetary policy, which included raising their YCC band by 50 bps and shifting their YCC hard objective to a softer range. Additionally, the bond market appears to be moving towards a higher-for-longer consensus, which helps explain why rates are rising.
The Curve Finance Exploit Runs a $100 Million DeFi Risk, and Bitcoin Joins the Stock Market Plunge
The Curve Finance Exploit Runs a $100 Million…
The Curve Finance Exploit Runs a $100 Million DeFi Risk, and Bitcoin Joins the Stock Market Plunge
The probable spread of the CRV (Curve Finance) bad debt situation has prompted Bitcoin(BTC) and the DeFi community to take a hit following another week of deathly low volatility. Furthermore, over the course of the week, US Dollar Index(DXY) and US bond yields have increased. This might be a result of the BoJ's tightening of their monetary policy, which included raising their YCC band by 50 bps and shifting their YCC hard objective to a softer range. Additionally, the bond market appears to be moving towards a higher-for-longer consensus, which helps explain why rates are rising.