Cracks have begun to show in the market: crypto lender Celsius has frozen user withdrawals. It’s yet another reminder to keep your crypto in self-custody wherever possible.
Crypto hedge fund Three Arrows Capital has posted big losses. This shows us that even the pros can get taken out by leverage – so you’d be wise not to use it.
And Solend's recent troubles with its largest investor are a reminder not to put all your eggs in one DeFi strategy or platform.
Cracks have begun to show in the market: crypto lender Celsius has frozen user withdrawals. It’s yet another reminder to keep your crypto in self-custody wherever possible.
Crypto hedge fund Three Arrows Capital has posted big losses. This shows us that even the pros can get taken out by leverage – so you’d be wise not to use it.
And Solend's recent troubles with its largest investor are a reminder not to put all your eggs in one DeFi strategy or platform.
Crypto has been on a terrible run of form this year. Heavy-hitters from Luna to bitcoin have taken a spill, with the latter having slipped below $20,000 over the weekend for the first time since a pandemic-crippled 2020. But there is a silver lining: three of the biggest casualties could offer clues to help you protect yourself from the next crypto crash.
On June 13th, crypto lending platform Celsius Network (CEL) announced it was freezing all user withdrawals because of “extreme market conditions.” That’s a big deal: the lender has over 1 million users, and reported having almost $12 billion of user assets under management in May this year.
Until recently, you could have deposited crypto with Celsius and earned decent interest rates. Depending on the t
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