By Wayne Jones Ethereum co-founder Vitalik Buterin has questioned the legitimacy of popular USDC yield strategies, arguing they don’t follow the principles of true decentralized finance (DeFi). His critique was in response to crypto analyst C-node, who said that most modern DeFi focuses on speculative gains instead of building genuinely decentralized infrastructure. Critique of Modern […]
Tag: LUNA
By Emir Abyazov Key highlights: Do Kwon pleads guilty to two wire fraud charges, waives trial in New York federal court. Plea agreement includes $19 million financial penalties; sentencing set for December 11. The case follows the Terra collapse, causing $40B losses, marked by complex extradition and lawsuits. Do Kwon, co-founder of Terraform Labs, has […]
By Emir Abyazov What happened to the MANTRA DAO token The most active phase of the collapse of MANTRA began at 6 pm CET on Sunday. While for most of the day, the token’s value was above $6, by 8 pm CET, the cryptocurrency was worth only 52 cents. At the same time, the value […]