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Finance Redefined: Three Arrow Capital and Celsius fall brings a tsunami of sell-off in DeFi

Trading firm 8 Blocks Capital called out to platforms holding funds owned by 3AC to freeze the assets as rumors of 3AC’s insolvency stay afloat. Micheal Saylor believes Bitcoin (BTC) and the Lightning Network can solve many of the DeFi ecosystem problems.

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Source: Cryptocurrency - investing.com

Elon Musk had a bad week

Stocks in biggest weekly loss since 2020 on interest-rate worries