The protocol holds $95 million in assets against $173 million in liabilities, leaving it functionally insolvent. USR is trading at $0.27, down 72% in a week.
Resolv stablecoin crashes 70% as attacker extracts $25 million in ETH
The protocol holds $95 million in assets against $173 million in liabilities, leaving it functionally insolvent. USR is trading at $0.27, down 72% in a week.
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Risk assets fell across the board Tuesday as the U.S. dollar strengthened to a near two-month high following renewed military escalation in Iran, pressuring the crypto market.
Could a centuries-old seasonal market pattern be a sign of further losses? Bitcoin’s five-year performance leans toward “yes.”
The SEC approved in-kind creations and redemptions for spot bitcoin and ether ETFs, aligning them more closely with traditional exchange-traded funds.
Ether and other digital assets need a better regulatory regime and the narrative is expected to improve around the U.S. elections later this year, the report said.