The crypto market adopted a bearish outlook following the recent economic figures. Early today, the United States Bureau of Labor Statistics revealed that the yearly inflation jumped to 2.4% and up 0.2% in September, surpassing market expectations.

With a new bull run in the crypto market, the YFI token price is on a bullish recovery run. Following the massive correction, the rise in trend momentum teases a rounding reversal in Yearn.Finance token. Further, the broader DeFi segment recovery increases the chances for Yearn. Finance's comeback.

After trading under a bearish sentiment for a brief period, the cryptocurrency market has recorded a bullish recovery over the past day. Moreover, the market is currently valued at $2.11 Trillion with a 24-hour jump of 1.48%. Following this, mid-cap and low-cap altcoins have gained attention from the crypto space.

Liquity, a Decentralized Finance (DeFi) lender is prepared to undergo a “friendly fork” as part of its v2 upgrade. Liquity v2 Set to Fix v1 Shortcomings In a blog post, the protocol stated that it decided to go through the friendly fork after an intense reflection on the history of its v1.

Liquity V2 will allow borrowers to set their borrowing costs, a novel approach in DeFi, and pays the lion's share of protocol revenues back to liquidity providers.

Liquity v2 allows borrowers to set interest rates independently, fostering a competitive lending environment.

Investing in cryptocurrencies has turned small amounts into significant profits for many. Some investors have made fortunes by finding promising altcoins early or holding onto them until they surged.

TL;DR Liquity is preparing to launch a redesigned protocol by the end of 2024 to address the limitations of its current offering. The new protocol will include innovative features such as support for Liquid Staking Tokens (LST) as collateral, dynamic interest rates, and a revamped liquidation system.

The recent dYdX v3 incident, involving significant price movements of SUSHI and YFI tokens, has raised crypto community concerns. The attacker deposited $5.3 million, took leveraged positions, and caused liquidation events.

Decentralized exchange dYdX has published a post-mortem report, detailing a recent exploit on its v3 platform.

A faulty script drained $1.4 million in Yearn Finance's treasury during a token swap, but so far community support has helped regain some losses, while updated code practices aim to secure the DeFi protocol's future.

Yearn.finance seeks the return of $1.4 million from traders after a multisignature scripting error drained its treasury.

Decentralized finance (DeFi) platform Yearn. finance is reaching out to arbitrage traders to return $1.4 million in funds that were inadvertently drained due to a multisg scripting error.

The mishap stemmed from a series of oversights in handling Treasury funds. Leading to the unintended transfer of the entire treasury balance, including fees, to a trading multisig.

Decentralized protocol Yearn Finance lost $1.4 million due to a multisig script error. Information about this appeared on the project's GitHub page, which led to significant price slippage and arbitrageurs making money from the error.

A Yearn contributor said the value lost came from “strictly protocol owned liquidity” in the protocol's treasury and that customer funds weren't impacted.

Yearn Finance, a prominent player in the yield-farming sector, recently reported a critical error in its multi-signature (multisig) script. This error led to an unintended transfer and subsequent swap of a substantial portion of its treasury, resulting in a loss estimated at $1.4 million.

In a significant setback for Yearn Finance, a leading player in the decentralized finance (DeFi) sector, a script malfunction in its multisig (multi-signature) system led to a substantial loss of its treasury assets. The incident on December 11 resulted in the unintended swap of Yearn's treasury balance, amounting to a loss of approximately 63%.

In a recent development, decentralized finance (DeFi) protocol Yearn Finance faced a major setback as a faulty script led to the inadvertent swap of 63% of its treasury. The incident occurred during a routine token conversion process, impacting Yearn's protocol-owned liquidity (POL) but leaving user funds unscathed.

Updated Dec. 13, 2023 at 1:33 pm ET: Modified headline and context following Yearn clarification.

Yearn is asking users who profited from the bug to return a "reasonable" amount to the protocol's multisig.

DeFi projects are investments investors should have on their radars. Here are three of the best to consider.

Around $9 million in dYdX v3's insurance fund, roughly 40% of its total v3 funds, was used to process liquidations after an organized attack this weekend.

In the dynamic world of decentralized finance (DeFi), Yearn.finance (YFI) has recently garnered significant attention due to its impressive performance in the yield farming sector. The medium-capped altcoin, with a total value locked (TVL) of approximately $332 million, has witnessed a remarkable 75% increase over the past four weeks.

Decentralized exchange dYdX has been compelled to utilize its insurance fund to cover losses amounting to $9 million caused.

Taipei-based crypto trading firm Kronos Research acknowledged a security breach resulting in a $26 million hack from unauthorized access to its API keys.

Yearn finance YFI token experienced a crash, plunging over 43%. Why did Yearn Finance crash?

Recent data analysis reveals a significant decline in the performance of YFI, the native token of the Yearn Finance platform. In a dramatic overnight development, the native token of the Yearn Finance ecosystem witnessed a staggering 40% plunge.

dYdX deployed $9 million from v3 insurance fund to cover YFI market liquidations, suspecting targeted attack and market manipulation. No user funds affected, insurance fund remains at $13.5 million.

In the rollercoaster world of cryptocurrencies, yearn.finance (YFI) is currently riding one of the most vertiginous drops, leaving many in the crypto community both baffled and concerned. Over the past 24 hours, YFI has nosedived over 35%, and the ripple effect of this plunge is palpable, with over $4.7 million worth of liquidations.

The attack on dYdX came as a result of targeting YFI's long positions. $9 million has been used to cover funds lost in the attack.

In a whirlwind of volatility, the cryptocurrency space witnessed an unexpected and staggering 45% plunge in Yearn.finance (YFI) within mere hours. The uproar within the market intensified as one of the premier platforms in the decentralized finance (DeFi) ecosystem underwent a substantial selloff, sparking widespread speculation and concerns among investors and enthusiasts alike.

Yearn Finance's YFI token fell by more than 40% within the last 24 hours, resulting in a significant liquidation of approximately $5 million. The sudden price decline led to speculation of whether suspicious things were happening to the protocol.

Yearn.Finance's YFI token crashed over 43% in just five hours, after rallying almost 170% in November.

Yearn Finance's native token YFI experienced a tremble on Saturday when the token fell more than 45% in just a couple of hours. The decline from the previous day's high of $15,891 to the current $9082 shows massive whale movement inside the market.

The massive price slump came after several consecutive days of charting notable gains.

Yearn.finance (YFI) attracted the attention of market players following its sudden price dip to $8,300 from $14,500. The altcoin lost more than 45% of its value within hours. YFI's wild price actions have triggered exit scam allegations. Whale Wire speculated that a rug pull by Yearn.

YFI token plummets over 37% in a day, triggering $4.7 million in liquidations. Trading data shows divided investor sentiment with fluctuating long and short positions. Recent severe drop in YFI's value underlines the crypto market's unpredictability and risks. Yearn Finance (YFI) token has experienced a significant market downturn.

It appears that Yearn. Finance, YFI, was rug pulled. The token that achieved the highest price, ahead of Bitcoin, during the 2021 bull run appears to be in great danger. The global trading volume has dropped by over 20%, suggesting less trading activity. In these times, the volume soared over $8.

Yearn.finance (YFI) price tumbles 45% within a few hours, falling from $14,500 to $8,300. The crypto market sets eyes on it as one of the biggest platforms in the DeFi ecosystem witnessing a massive selloff, causing people to speculate whether any suspicious things are happening with yearn.finance.

Yearn.Finance skyrockets over 100% as the team announces that v3 is coming soon.

The crypto market has gained strong bullish momentum, as major cryptocurrencies have made massive gains during the past month. The industry trades at an 18-month high, indicating strong bull power. Yearn Finance price has surged more than 110% within the past week, with a cumulative gain of approximately 200% Month-on-Month (MOM).

The crypto prices today were in the red, as the investors seem to be closing their positions on the major cryptocurrencies. Meanwhile, the decline in the market started on November 16, after news broke out that BlackRock officially filed for Ethereum ETF with the SEC.

Thursday, November 16, 2023, marks a steady phase in the crypto economy, maintaining a value of $1.4 trillion with a modest increase of 0.44% in the last 24 hours. Concurrently, despite the seven-day downturn experienced by both bitcoin and ethereum this week, a notable 39 cryptocurrencies have achieved double-digit growth.

An Ethereum (ETH)-based decentralized finance (DeFi) protocol has exploded in price amid a recent spike in whale activity and new addresses, according to the crypto analytics firm Santiment. YFI, the native asset of automated yield-farming protocol Yearn.Finance, is trading at $10,242 at time of writing.

Altcoins have become one of the most preferred ways for crypto investors to secure massive gains in the industry especially given Bitcoin's massive growth rate in the last decade. Because a lot of these altcoins have significantly smaller market caps, they tend to have a lot of runway for growth, making them an enticing option.

Liquity, a decentralized borrowing protocol, has seen its native token LQTY rally 80% over the last month, contrasting with sluggish performance in the broader cryptocurrency markets.

After a rejection from the range highs, Liquity price prediction is not looking bullish. It needs to gain strength above $1.47 to become bullish.