Schlagwort: crypto business

Veröffentlicht am

DeFi platform Stream Finance pauses all activity after revealing $93M loss

  • Its stablecoin, Staked Stream USD (XUSD), has fallen to $0.2975, according to CoinGecko data.
  • The depegging followed a $100 million exploit on Balancer, an automated market maker.
  • Stream Finance also faced questions about TVL discrepancies with DefiLlama’s figures.

Stream Finance, a decentralised finance (DeFi) platform specialising in yield-generating strategies, has paused all deposits and withdrawals after an external fund manager reported a $93 million loss in its managed assets.

The incident has triggered scrutiny across the DeFi ecosystem, raising questions about risk exposure and transparency among platforms offering high yields through complex strategies.

The Stream Finance team confirmed the loss in an X post on Monday, saying the fund manager disclosed it a day earlier.

The project has since hired lawyers from Perkins Coie to conduct an independent investigation into the matter.

Withdrawals suspended as Stream moves to recover assets

According to Stream Finance, it is currently withdrawing all liquid assets and expects the process to be completed soon.

The team stated that periodic updates will follow as more information becomes available.

While the investigation continues, the platform has suspended withdrawals and stopped processing any pending deposits, effectively freezing user funds until clarity is reached.

Stream Finance’s statement on X read, “We are actively withdrawing all liquid assets and expect this process to be completed in the near term.”

The platform said users would be kept informed through regular updates.

Stream stablecoin XUSD loses peg

Stream Finance operates as a “recursive looping” yield-focused protocol, and it also issues a collateralised stablecoin called Staked Stream USD (XUSD).

Before the team’s public announcement, XUSD had already started to depeg from its $1 target, signalling growing concern among users.

On Sunday, community members noticed that deposits and withdrawals had been paused without prior communication from the team.

As speculation intensified, XUSD slipped below its target range, plunging to as low as $0.51, according to CoinGecko data.

At the time of writing, XUSD is currently priced at $0.2975 and is down by 76.4% in the last 24 hours, marking one of the steepest single-day declines among stablecoins this year.

XUSD
Source: CoinGecko

Omer Goldberg, founder of Labs, posted on X roughly 10 hours before Stream Finance’s official statement that XUSD had begun to depeg “materially below its target range.”

Goldberg linked the event to an over $100 million exploit on Balancer, an automated market maker platform.

The timing between the Balancer exploit and Stream Finance’s reported loss has prompted market observers to draw parallels between liquidity management vulnerabilities and asset exposure risks across DeFi platforms.

TVL discrepancies add to transparency concerns

On Friday, prior to the loss announcement, Stream Finance addressed community concerns regarding discrepancies between its total value locked (TVL) figures displayed on its website and those reported by DefiLlama.

Stream Finance explained on X that DefiLlama excluded recursive looping from its TVL calculations, stating, “DefiLlama has decided that recursive looping is not TVL per their own definitions.

We disagree with this, but to be transparent to users, the website now makes a distinction between user deposits (~$160M) and total assets deployed across strategies (~$520M).”

This clarification highlighted how variations in data methodology can create uncertainty in assessing DeFi protocol exposure.

Analysts have pointed out that mismatched reporting standards across DeFi platforms can obscure the true level of leverage in yield-generation models.

CoinDCX’s head of DeFi Ecosystem Growth, Minal Thurkal, commented that the case underlines the “critical importance of understanding exactly how protocols generate yield and the significant risks involved in complex DeFi strategies.”

She added that projects diverging from recognised metrics like DefiLlama’s TVL calculations can amplify transparency challenges for users and investors alike.

Broader DeFi implications

The Stream Finance incident comes amid growing regulatory attention to DeFi protocols and stablecoin risk management.

Depegging events, such as XUSD’s recent drop, often erode market confidence and prompt liquidity withdrawals across decentralised platforms.

As DeFi continues to expand beyond early adopters, incidents like this emphasise the fragility of complex yield structures and the urgent need for standardised transparency frameworks.

With Stream Finance’s investigation ongoing, the broader ecosystem will be closely monitoring how the project manages asset recovery and user compensation.

The post DeFi platform Stream Finance pauses all activity after revealing $93M loss appeared first on CoinJournal.

Veröffentlicht am

Kraken expands regulated derivatives in Europe with Bitcoin and Ethereum collateral

  • The feature applies to more than 150 perpetual futures markets available to European users.
  • The exchange operates under MiCA and MiFID II regulations, with oversight from Ireland and Cyprus.
  • Kraken’s third-quarter revenue rose by 50% to $648 million following its acquisition of NinjaTrader.

Kraken has expanded its regulated derivatives offering in the European Union, allowing traders to use Bitcoin, Ethereum, and approved stablecoins as collateral for perpetual futures on Kraken Pro.

Announced on 3 November, the move makes Kraken one of the first licensed exchanges in Europe to support crypto-collateralised derivatives under the Markets in Crypto-Assets (MiCA) framework.

The feature strengthens Kraken’s position in Europe’s digital asset market by combining capital efficiency with regulatory compliance.

By allowing clients to post crypto assets instead of converting them into fiat, the exchange provides faster access to liquidity while remaining under strict oversight from European regulators.

Crypto as margin on Kraken Pro

European traders can now use Bitcoin, Ethereum, or select stablecoins as margin across more than 150 perpetual futures markets.

Collateral is converted to USD for liquidation and margin calculations, standardising risk management while maintaining crypto exposure.

Kraken’s operations are covered by its MiCA licence from the Central Bank of Ireland and supervision by the Cyprus Securities and Exchange Commission.

The exchange uses volatility-based margin haircuts to manage exposure to price swings. All custody arrangements comply with the Markets in Financial Instruments Directive II (MiFID II), ensuring full investor protection under European law.

The feature allows traders to access up to 10x leverage using crypto collateral. It reflects Kraken’s ongoing strategy to align its trading products with Europe’s unified digital asset rules ahead of MiCA’s full rollout in 2025.

A shift in EU derivatives

Kraken’s expansion comes at a time when Europe is tightening oversight of crypto products while promoting innovation through consistent regulation.

By offering crypto-collateralised futures under direct supervision, the exchange positions itself at the forefront of compliant derivatives trading in the EU.

The integration benefits institutional and retail traders seeking efficient and legally sound ways to trade leveraged crypto products.

Hedge funds and corporate treasuries can now operate within clear regulatory limits, signalling the increasing maturity of Europe’s digital derivatives market.

This move also strengthens the region’s financial infrastructure. Transparent liquidation procedures and regulated custody standards align digital assets with traditional financial norms, helping reduce risk and improve trust.

As other licensed exchanges follow Kraken’s lead, the EU could become a global hub for compliant digital asset trading.

Growth supports expansion

The announcement follows a strong financial quarter for Kraken. The exchange reported revenue of $648 million in the third quarter, a 50% rise from the previous quarter.

The increase was driven by higher trading volumes and new product integrations following the acquisition of NinjaTrader, a futures and forex trading platform.

This momentum underlines Kraken’s ability to grow while maintaining regulatory standards. By embedding compliance into its strategy, the company is building credibility and scale in an increasingly regulated environment.

As MiCA rules continue to take effect, exchanges that prioritise both innovation and compliance are expected to capture greater institutional interest.

Kraken’s integration of crypto collateral into a regulated derivatives framework demonstrates how digital assets can function securely within Europe’s financial system.

The development marks a shift from speculative trading to a more structured market, where transparency and protection guide participation.

For the European Union, this represents progress toward establishing a regulated, sustainable, and globally competitive digital asset economy.

The post Kraken expands regulated derivatives in Europe with Bitcoin and Ethereum collateral appeared first on CoinJournal.

Veröffentlicht am

BitMine doubles down on Ethereum as ETH holdings hit 3.4 million

  • BitMine buys 82,353 Ethereum tokens as holdings reach 3.4 million.
  • Crypto and cash treasury stands at $13.7 billion.
  • BitMine hits 2.8% of the targeted 5% of the Ethereum supply.

BitMine Immersion Technologies, a leader in cryptocurrency mining and advanced cooling solutions, has significantly bolstered its position in the digital asset space.

The company has revealed a substantial increase in its Ethereum (ETH) reserves.

BitMine ETH holdings hit 3.4 million

BitMine’s increasing commitment to Ethereum is again evident following another buy-the-dip move.

Despite price declines, the publicly-listed company has bumped up its holdings to become the world’s second-largest corporate treasury strategy.

Thomas Lee of Fundstrat, and chairman of BitMine, noted:

“We increased our cash holdings to $389 million (from $305 million) and acquired 82,353 ETH tokens over the past week pushing our ETH holdings to 3.4 million, or 2.8% of the supply of ETH. We are now more than halfway towards our initial pursuit of the ‘alchemy of 5%’ of ETH.”

BitMine now owns 2.8% of the ETH supply, a milestone that sees the company surpass the halfway mark of the targeted 5%.

BitMine has amassed its ETH holdings strategically over the past several months, capitalising on ETH’s low price and growing ecosystem.

When combined with its Bitcoin reserves of 192 BTC valued at $62 million, and cash of $389 million, BitMine’s overall crypto and cash holdings have surged to $13.7 billion.

Interest in ETH is growing

BitMine is among a growing number of publicly listed firms shifting away from their traditional operations, including cryptocurrency mining, as they diversify in response to broader digital asset adoption.

Wall Street has seen a marked increase in such pivots, with several companies aiming to emulate the approach that established Strategy as the world’s leading corporate crypto treasury.

Analysts note that BitMine’s move, along with similar strategies by peers, reflects rising institutional interest in the sector.

The approval of Ethereum exchange-traded funds in 2024 has drawn billions of dollars into the asset, while corporate treasury strategies — particularly those involving staking in tokens like ETH and SOL — have emerged as the next phase in the digital asset expansion.

BitMine’s milestone reinforces Ethereum’s enduring appeal, potentially setting a benchmark for peer firms eyeing similar diversification.

And Lee says the recent price dip offered a reset that could prove key for the Ethereum price.

“Crypto suffered its largest ever liquidation event on October 10th, and open interest on ETH (per coinalyze.net fell -45% in the past 8 weeks (the largest ever decline in the history of ETH). This reset is healthy and sets the stage for price and fundamentals to eventually converge,” Lee stated.

Ethereum’s price hovered at $3,622 on November 3, 2025, down 6% in the past 24 hours and 14% in the past week.

The post BitMine doubles down on Ethereum as ETH holdings hit 3.4 million appeared first on CoinJournal.

Veröffentlicht am

Dogecoin dips by 7% as whale interest fades; Check forecast

Key takeaways

  • DOGE is the worst performer among the top 10 cryptocurrencies by market cap, down 7.5% in the last 24 hours.
  • The bearish performance comes as BTC and other major cryptos underperform.

DOGE leads the market flush

The cryptocurrency market has underperformed over the weekend, with Bitcoin’s price dropping below the $108k mark. As usual, memecoins suffered the heaviest blow, with Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE) all recording huge losses in the last 24 hours. 

On-chain and derivatives data suggest that large wallet investors and retailers are reducing their risk exposure to Dogecoin and other leading memecoins, boosting the supply pressure. 

Data obtained from CoinGlass shows the futures Open Interest (OI) for Dogecoin, the notional value of all outstanding futures contracts, is down by 2% over the last 24 hours, reaching $1.70 billion. A decline in OI value suggests that the traders are reducing risk exposure by lowering leverage or closing positions. 

Furthermore, on-chain data reveal that interest from large wallet investors is decreasing in memecoins. DOGE investors with over 100 million tokens have remained flat since the start of the month. 

DOGE could retest the monthly support at $0.15

The DOGE/USD 4-hour chart is bearish and inefficient as the memecoin has failed to rally in recent weeks. The technical indicators are extremely bearish at the moment, suggesting further selling pressure.

At press time, DOGE is trading at $0.175, down 7.5% in the last 24 hours. The bulls failed to hold the price above the $0.17816 support level, marked by the October 11 low, with current price action suggesting further downward movement. 

Dogecoin price by TradingView

A daily close below this level could see DOGE dip towards the $0.15009 level, marked by the October 10 crash. The MACD lines are within the negative territory, while the RSI of 40 both suggests a bearish bias. 

However, if the bulls push DOGE’s price above the $0.17819 level by the end of the day, the memecoin could hit Sunday’s high at $0.18884 over the next few hours.

The post Dogecoin dips by 7% as whale interest fades; Check forecast appeared first on CoinJournal.

Veröffentlicht am

Bitcoin price forecast: BTC could face further correction as momentum weakens

Key takeaways

  • BTC is down 3% in the last 24 hours and is now trading below $108k.
  • The bearish performance comes as momentum in the market continues to weaken.

Bitcoin slips below $108k

The cryptocurrency market is opening the weekly candle bearish, with Bitcoin and other major cryptocurrencies suffering huge losses in the last 24 hours. Bitcoin has lost 3% of its value since Sunday and is now trading at $107,500 per coin.

Other leading cryptocurrencies, including Ether, XRP, and BNB, are all trading in the red as momentum in the market continues to weaken. 

BTC’s price faced rejection at the 78.6% Fibonacci retracement level at $115k last week as the Fed rate cut failed to spur a rally. It has lost over 7% of its value since then and could dip lower if the bearish trend continues. 

The recent bearish trend comes as the Fed chair Jerome Powell quenched expectations of a December rate cut during his press conference last week. According to Powell, the tariffs continue to affect prices, and this could see the Fed leave interest rates unchanged for a while.

BTC could dip below $107k as bearish momentum strengthens

The BTC/USD 4-hour chart remains bearish and efficient as Bitcoin has lost 3% of its value in the last 24 hours. The technical indicators are currently bearish, with further selling pressure expected in the market.

The RSI of 45 is below the neutral 50, suggesting that sellers are currently in control of the market. The MACD lines are also below the positive zone, indicating a bearish bias.

Bitcoin price by TradingView

If the selloff continues, Bitcoin’s price could drop to the $106k level over the next few hours. An extended bearish trend would see BTC drop to he major support level at $103,571.

However, if the bulls regain control of the market, Bitcoin could reclaim the first major resistance level at $111,370. Last week’s high of $116,447 remains unlike at the moment due to the heavy selling pressure.

The post Bitcoin price forecast: BTC could face further correction as momentum weakens appeared first on CoinJournal.