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21Shares will distribute staking rewards to its Ethereum ETF holders, earning $0.010378 per share.
8m ago
The probability of predicting "Bitcoin reaching $100,000 in January" on Polymarket drops to 29%
12m ago
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Farm Capital: The sUSDX·USDC market may incur a bad debt of $1.09 million, with the team bearing over 50%.
Foresight News reports that digital asset management company Farm Capital posted on Twitter that its on-chain yield strategy product mFARM has borrowed 1.09 million USD from the Silo sUSDX·USDC market (Arbitrum platform ID 127) and is currently unable to withdraw. In the worst-case scenario, this 1.09 million USD could become a bad debt, resulting in a total loss. The team is actively seeking the recovery of the sUSDX market and will do its best to recover the funds. Farm Capital will bear more than 50% of the bad debt, some of which has already been transferred through over-the-counter trading. The price of mFARM will be updated within the next 48 hours, after which exchanges will resume normal operation. Users who cycle mFARM/USDC on Euler or Morpho should monitor the health factor and liquidation price to avoid being liquidated after the mFARM price adjustment.