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Crypto Long & Short: Where DeFi yield really comes from (and why it broke this spring)

Crypto Long & Short: Where DeFi yield really comes from (and why it broke this spring)WorldPing

In this week's Crypto Long & Short, Solstice Finance's David Plisek argues that most of the money lost in DeFi this spring wasn't taken by hackers but by yield strategies that quietly stopped working.

This is a short WorldPing brief. The full report was published by CoinDesk.

Read the full report at CoinDesk

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Bitcoin Rips Toward $70K as $1.3B Short Squeeze EruptsWorldPing
Bitcoin.com

Bitcoin Rips Toward $70K as $1.3B Short Squeeze Erupts

Bitcoin raced to $69,749 on Aug. 19 as falling Treasury yields and a cascade of forced short liquidations turned weeks of quiet trading into a sudden run toward $70,000. The move unfolded rapidly during late morning U.S. trading.

Brief by WorldPing · Original reporting by Bitcoin.com