Curve DAO (CRV) has seen a notable surge in price and market sentiment, with the token testing a crucial support level that could signal the next big move for its future. As of February 20, 2025, CRV is exhibiting signs of bullish momentum, having gained 2.5% in price over the past 24 hours, along with a 0.80% increase in trading volume, according to data from Coingecko.

CRV is testing the $0.45-$0.50 key support zone after a falling wedge breakout.

Curve Finance raised $5 million for Yield Basis, a project that faced overwhelming investor demand completing the funding round in just two weeks.

The following article is adapted from The Block's newsletter, The Daily, which comes out on weekday afternoons.

Yield Basis aims to initially help tokenized bitcoin and ether holders earn yield from market making by mitigating impermanent loss.

The crypto market has shown limited favorability to bulls over the past week. However, certain altcoins continue to register gains driven by external developments.

A look at the day ahead in U.S. and global markets from Mike Dolan

THORChain's node operators approved a plan to convert $200 million in debt into equity tokens, but community members are raising concerns over its long-term viability.

THORChain suspended THORFi services on January 23 and implemented a 90-day restructuring plan to address debt from its Savers and Lending programs.

Thorchain has endorsed a strategy to transform $200 million in debt into equity by issuing a new token, Thorchain Yield (TCY), in a bid to fortify its financial footing. Thorchain Converts $200 Million Debt to Equity in Restructuring Effort On Jan. 23, Thorchain suspended redemptions for its Lending and Savers programs after amassing considerable liabilities.

ThorChain will restructure $200M in toxic debt from ThorFi, paying out creditors with new TCY tokens. Each TCY token will have a nominal value of $1 for each $1 in lost collaterals, but will start trading at $0.10, allowing some creditors to cash out at a loss.

The majority of validators and other governance members voted in favor of converting debt into equity, moving forward with the TCY issuance.

TL;DR THORChain is addressing its $200 million debt by issuing a new token called TCY, converting defaulted debt into equity. TCY token holders will receive 10% of THORChain's revenue in perpetuity, aligning their interests with the protocol's long-term growth.

TCY tokens will be distributed at a rate of 1 TCY per dollar of defaulted debt, turning lenders and savers into equity holders.

Thorchain community passed a proposal to resolve its debt crisis and plans to convert defaulted debt into TCY equity tokens.

As RUNE holders awake to more bad news and a plummeting token price, with the passing proposal 6 by a super majority, can the troubled cross-chain swapping protocol “get users liquid again?” THORChain ‘death spiral' On January 24, CryptoSlate reported that THORChain had suspended Bitcoin and Ethereum withdrawals within its lending and savings programs after

Here is how some of your favorite assets concluded the week.

Thorchain, the decentralized cross-chain protocol known for its liquidity services, is facing a serious financial crisis. The platform recently paused its lending service, THORFI, following a wave of insolvency concerns.

ThorChain has gained the spotlight for the wrong reasons, as it has suspended its Bitcoin and Ethereum withdrawals. This happens amid its insolvency accusation, which came to light after its $199M debt crisis.

Several events have impacted DeFi projects and exchanges throughout this week. While ThorChain announced insolvency to suspend its operations leaving behind a $93 million deficit, Singapore-based Phemex endured a hack resulting in over $70 million in losses.

Thorchain community members fear the protocol's savers and lending programs have imperiled its future.

Node operators voted to temporarily suspend redemptions for the platform's decentralized finance (defi) offerings, but core developers claim it's business as usual for all other aspects of the network.

Sunny Aggarwal, Co-Founder of Osmosis, believes THORChain's liquidity issues mirror the 2022 Terra Luna collapse. THORChain, a decentralized cross-chain liquidity protocol, has paused its network operations due to a significant debt crisis amounting to nearly $200 million.

Founded in 2018, THORChain is an OG DeFi L1 chain that rose to fame with its innovative cross-chain swaps (THORSwap). Since then, the chain has expanded to offer lending and savings interest accounts.

THORChain DeFi platform paused BTC and ETH withdrawals. RUNE price plunged over 20% today as THORChain insolvency claims circulate.

The cryptocurrency market has surged today, fueled by a 44% rise in trading volume over the last 24 hours. This comes after Thursday's decline in market activity, reflected by the 2% drop in total market capitalization.

TL;DR THORChain has halted operations of its THORFi service due to financial issues and concerns over debt management. Its native token, RUNE, has dropped 19.33% in value over the last 24 hours, reflecting the crisis and causing uncertainty within its community.

THORChain has suspended Bitcoin and Ethereum withdrawals within its lending and savings programs after reports of a $199 million liability surfaced. On Jan. 24, THORChain founder John-Paul Thorbjornsen disclosed that validator node activities for THORFi services have been paused.

THORChain is in the news again, but not for the right reasons right now.

RUNE, the native cryptocurrency of the decentralized liquidity protocol THORChain, is facing strong selling pressure amid reports of insolvency. The RUNE price has crashed 30% in the last 24 hours with its market cap plunging under $800 million and daily trading volume shooting up by 112% to $758 million.

While cryptocurrencies displayed gains on Friday, the THORChain community welcomed negative news, which saw RUNE decoupling with substantial losses on its 24-hour chart. DeFi platform halted its lending site THORFI, potentially due to financial instability due to emerging bankruptcy allegations.

Cross-chain swap protocol THORChain has put its THORFi services on hold thanks to financial uncertainties linked to allegations of insolvency.

THORChain temporarily suspended lending and savers programs to prevent insolvency and safeguard liquidity providers.

The protocol seeks to prevent the risk of insolvency.

Once again, rounds of insolvencies have entered the crypto space, with Thorchain being the most recent. The network has paused THORFI services, probably due to its financial uncertainty, which has circulated shock waves across the markets. The functions like swaps remain active while the lending operations are on hold.

On Jan. 24, THORChain announced via X that it had paused its network due to excessive debt and leverage issues impacting its ecosystem. The platform owes nearly $200 million in ecosystem debt.

RUNE Plunges 30% as THORChain Pauses Bitcoin, Ether Withdrawals

THORChain has paused THORFi services as it faces financial uncertainties with allegations of insolvency swirling around.

Curve DAO (CRV) is emerging as one of the more notable decentralized finance (DeFi) tokens, with its decentralized exchange (DEX) focusing on stablecoins and liquidity pools. In recent years, as the DeFi sector has witnessed substantial growth, the Curve DAO token has seen increasing attention from traders and investors.

Investors are dialling back bets on near-term rate cuts in China, the derivatives market shows, as expectations grow that policymakers will refrain from easing policy when the yuan is weakening.

Is strong network growth enough for CRV to reverse its recent losses?

If I were a THORChain creditor, I'd withdraw my bitcoin collateral ASAP.

Curve Finance, a decentralized exchange (dex) focused on stablecoin trading, ended 2024 with $2.4 billion in total value locked (TVL) and a doubled user base, growing from 30,000 in 2023 to 60,000. Bridging Institutional Capital Into the Defi Ecosystem According to a 2024 Curve Finance analysis shared with Bitcoin.

THORChain (RUNE), once a beacon of potential in the DeFi space, has seen its yearly gains evaporate, while newer entrants like Pepe Unchained (PEPU) and PIPPIN soar. Pepe Unchained and Pippin seem to be riding a trend reversal that has seen most memecoins register modest gains after days in the red.

THORChain's 2024 year-end report highlights major developments, including new integrations, liquidity changes, and strategic upgrades to enhance the network's efficiency and security.

ThorChain founder JP Thorbjornsen and the development team have decided to pause the ThorFi Savers and Lending programs for the next 12 months. The decision, announced Thursday, comes after consultations with key community members, devs and node operators, according to the project's Discord.

As 2025 begins crypto market is all set for new bull runs , it's the time to look at DeFi space in a more legitimate light. No longer is it the same niche that people were intimidated by due to its multiple underlying complexities.

Curve DAO (CRV), a well-known token in the decentralized finance (DeFi) space, has had an exciting week. With a 24.79% price surge, CRV has reignited optimism among investors.