Three Arrows Capital Allegedly Owes Voyager Digital $655M — Crypto Firm Is ‘Unable to Assess’ if It Can Recover the Funds

According to reports, the TSX-listed Voyager Digital is another company that has been negatively affected by financial issues tied to the crypto hedge fund Three Arrows Capital (3AC).

Controlling The Chaos: Alameda Ventures Bails Out Voyager With $200M & 15K BTC

Apparently, Voyager Digital is out of the woods.

Bitfarms sold 3K Bitcoin as part of strategy to improve liquidity and pay debts

“Selling a portion of our BTC holdings and daily production as a source of liquidity is the best and least expensive method in the current market environment," said chief financial officeJeff Lucas. Canadian crypto mining firm Bitfarms sold roughly $62 million worth of Bitcoin (BTC) in June, using the proceeds from the sale to reduce its debt.In a Tuesday announcement, Bitfarms said it had sold 3,000 Bitcoin in the last seven days, roughly 47% of the crypto mining firm’s roughly 6,349 BTC holdings.

Babel Finance Reaches Agreement on Modalities for Repayment of its Loans

Following the halt of its withdrawals amidst its inability to pay its creditors as the crypto market meltdown took a bearish turn in the past few days, Babel Finance has announced measures to ease off its immediate operational burdens.

Crypto lending can still survive bear market, analyst says

Bear markets are much more brutal for crypto lenders than cryptocurrency firms that don’t leverage users’ deposits, according to one Bitcoin analyst. The ongoing bear market on cryptocurrency markets is too harmful to industry lenders but the concept of crypto lending can still survive the bloodbath, according to some industry experts.Cryptocurrency lending is a type of crypto services allowing borrowers to use their crypto assets as collateral to get loans in fiat currencies like the US dollar or stablecoins like Tether (USDT).

How a DAO for a bank or financial institution will look like

A DAO-based financial industry means lower fees across the board, accessibility, and transparency.

MakerDAO Votes to Disable Aave DAI Supply, Reducing Celsius Exposure

In an effort to reduce exposure to Celsius, MakerDAO has disabled DAI loans using stETH as collateral through the Direct Deposit Module.

Is Multibillion-Dollar Hedge Fund Three Arrows Next to Unravel? Here’s What’s Going On

If two huge loans, which analysts believe belong to Three Arrows, get liquidated, it could be disastrous for crypto lenders and the credit market.

Collateralized Monkey JPEGs: CEO of Arcade Talks to Decrypt at Consensus

Arcade, an NFT liquidity provider, says it's facilitating $25 million in loans against blue-chip NFTs like Bored Apes.

'$25 Millions in Loans Against Monkey Pictures': Arcade Wants You to Collateralize Your NFT

"Blue chip" NFTs are driving millions of dollars in the growing NFT liquidity market, Arcade CEO Gabe Frank tells Decrypt.

Nexo offers to buy out Celsius’ loans amid withdrawal suspension

Nexo platform could rescue Celsius' customers after “what appears to be the insolvency of the Celsius Network.” There’s a glimmer of hope for the bear market’s most recent victim.

Atlendis Labs Announces the Launch of the Atlendis Protocol V1

[PRESS RELEASE – Paris, France, 7th June 2022] Atlendis, a capital-efficient DeFi protocol that enables crypto loans without collateral, announced today the launch of the Atlendis protocol V1 on Polygon mainnet, a full-stack Ethereum scaling solution.