babel finance Crypto Lender Babel Finance Freezes Withdrawals Amid Market Turmoil Hong Kong-based crypto lender Babel Finance pauses withdrawals and redemptions due to severe liquidity pressures as the broader digital asset market experiences a major downturn.
crypto Cryptocurrency Market Experiences Severe Meltdown Amid Freezing Lending The cryptocurrency market plunges into a deep freeze as major digital assets lose massive value and lending platforms halt withdrawals. This widespread crash marks a sharp reversal from the recent boom that attracted millions of new investors.
three arrows capital Major Crypto Fund Three Arrows Capital Nears Insolvency Amid Massive Liquidations Three Arrows Capital faces potential insolvency after suffering at least $400 million in liquidations from crypto lenders. The firm is now attempting to repay counterparties while on-chain data shows it is selling off crypto assets to manage significant debt.
bitcoin Bitcoin Plunges Below $20,000 as Crypto Market Meltdown Deepens Bitcoin falls below $20,000 for the first time since 2020, losing over 70 percent of its peak value. The broader crypto meltdown triggers massive layoffs and urgent calls for industry regulation.
celsius Crypto Lender Celsius Halts Withdrawals Amid Market Turmoil Celsius pauses all withdrawals, swaps, and transfers due to extreme market conditions while it works to stabilize liquidity. The announcement causes the native CEL token to plummet over fifty percent.
bitcoin Bitcoin Plunges Below $23,000 as Crypto Market Cap Drops Under $1 Trillion Bitcoin falls to its lowest level since December 2020 amid broader risk asset sell-offs and fears sparked by Celsius freezing customer withdrawals.