Die Finanzstabilität sei durch die Schließung der Silicon Valley Bank Germany aber nicht gefährdet, so die BaFin.
Bitcoin (BTC) erreicht neues Jahreshoch: Analysten über VPI-Auswirkungen
Bitcoin ist sehr stark gestiegen. Wie sehen die Auswirkungen des VPI aber genau aus?
Liquity price rally is gaining steam: How high can LQTY go?
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Liquity is a small but fast-growing blockchain platform that owns LUSD.
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LUSD has managed to maintain its peg during the period of strains.
Liquity (LQTY/USD) price has been one of the top performers in the crypto industry as demand for the mid-cap token jumps. It peaked at $3.37, the highest point since March last year. This means that the coin has risen by over 460% from its lowest point this year.
Liquity price steady
Liquity is a small and fast-growing blockchain platform that provides interest-free loans on Ethereum. It does this through its Liquity USD, its stablecoin. Data compiled by CoinMarketCap shows that LUSD has maintained its peg against the US dollar.
It was trading at $1.02 while its total market cap has jumped to over $255 million. It is unclear why Liquity has done well in the past few weeks. A likely reason is a fact that LUSD is one of the top over-collateralized stablecoins.
The next key catalyst for the Liquity price will be the upcoming American inflation numbers scheduled for Tuesday. Economists believe that the data will show that the headline consumer price index (CPI) pulled back to 0.4% while core CPI came in at 0.5%. On a YoY basis, inflation is expected to come in at above 6%.
A higher-than-expected inflation figure will put more pressure on the Federal Reserve to act. Analysts believe that the Fed will hike rates by 0.25% in its meeting next week. Some believe that it will not hike rates while those from Mizuho sees the bank cutting interest rates by 0.25%.
Liquity price is also jumping as Bitcoin and Ethereum prices continue rising. Bitcoin has jumped to $24,800 while Ethereum has soared to $1,692. In all, the total market cap of all cryptocurrencies has risen to over $1.08 trillion. Cryptocurrencies tend to have a close correlation with each other.
Another reason for the LQTY rally is the news that Binance has become one of the biggest holders of the token. Data shows that it owns about 11.5 million LQTY tokens.
Liquity price prediction
The daily chart shows that the LQTY price has been in a strong uptrend in the past few days. It jumped above the key resistance point at $1.81, the highest point on June 16. It also crossed the important level at $2.85, the previous YTD high. Liquity remains above all moving averages while oscillators like the Relative Strength Index (RSI) and the Stochastic Oscillator have moved above the overbought level.
Therefore, Liquity price will likely continue rising as buyers target the next psychological level at $3.50. The stop-loss of this trade will be at $2.50.
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EUL token down 52% after the $200 million Euler protocol exploit
- Hackers stole almost $200 million from Euler protocol on Monday.
- USDC accounted for a majority of the stolen tokens.
- Euler Labs is currently working to recover the funds.
Euler protocol is facing a different threat from the crypto firm collapses, crypto lawsuits, and crypto-related bank shutdowns that have plagued the crypto space in the recent past.
The small-cap Ethereum-based decentralized finance lending protocol was on Monday hacked leading to the loss of crypto assets worth nearly $200 million.
Euler flash loan attack
Blockchain security firm PeckShield on Monday tweeted notifying Euler to take a look at some fishy transactions from its platform.
Hi @eulerfinance: you may want to take a look: https://t.co/L7ddZhHNq5
— PeckShield Inc. (@peckshield) March 13, 2023
Looking at the transactions from Euler on etherscan, the hacker(s) took off with a variety of cryptocurrencies including 34.4 million USDC, 8.89 million DAI, 85,690 stETH, and 849 WBTC.
According to a tweet from SlowMist, another blockchain security firm:
“The attacker used flashloans to deposit funds and then leveraged them twice to trigger the liquidation logic, donating the funds to the reserve address and conducting a self-liquidation to collect any remaining assets.”
Euler Labs, the startup behind Euler Protocol, has however said that it successfully stopped the exploit and it is currently working to recover the stolen funds in collaboration with a number of firms including Chainalysis.
An update on our work today to recover funds for Euler protocol users.
Here are a few actions we took immediately:
1. Stopped the direct attack as soon as possible by helping disable the EToken module, which blocked deposits and the vulnerable donation function
2. Engaged TRM… https://t.co/6ZClE9uGoH
— Euler Labs (@eulerfinance) March 14, 2023
Euler’s native token, EUL, down 52%
The native token of Euler, EUL, dived by more than 52% following the revelation of the exploit.
At press time, the token was trading at $3.08 down from a high of $6.4826 on Monday morning. And although the token price seems to have consolidated above $3, it is not certain if the token will be able to hold that level seeing that it had dipped from its attempt to recover after the fall.
The post EUL token down 52% after the $200 million Euler protocol exploit appeared first on CoinJournal.
US-Zentralbank: Untersuchung des Zusammenbruchs von Silicon Valley Bank geplant
Der Vorsitzende der US-Zentralbank Jerome Powell erklärte, es sei eine „genaue und gründliche“ Überprüfung notwendig, um zu verstehen, wie die Bank zusammenbrechen konnte.