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.

In a significant market move, three institutional-grade wallets have collectively withdrawn 5.348M $OM ($20M) from Binance in the past 24 hours at an average price of $3.71.

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

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.

Altcoins are showing diverse movements across different sectors, with OM, ANIME, and ELON each representing distinct market narratives.

Mantra price remains in consolidation phase over the past two months as 2024 surge loses steam. Mantra (OM), a popular cryptocurrency in the Real World Asset tokenization industry, is trading at $3.90.

Bekende cryptomunten hebben de afgelopen periode een onstuimige periode doorgemaakt. Het macro-economische nieuws wat er uit de Verenigde Staten kwam was vaak negatief.

De cryptomarkt is vandaag flink onder druk komen te staan na sterkere dan verwachte banencijfers uit de VS, waardoor de hoop op vroege renteverlagingen door de Federal Reserve is verdwenen.

De cryptomarkt blijft zich in een hoog tempo ontwikkelen en investeerders zijn dan ook continue op zoek naar de meest veelbelovende activa om aan hun portfolio toe te voegen. Nu Bitcoin met zijn schommelingen weer eens bewijst hoe volatiel de cryptomarkt is, hebben wij ChatGPT gevraagd om een top 3 van de beste crypto's te maken.

Nu de crypto markt zich in een moeilijke fase bevindt gaan investeerders op zoek naar alternatieve cryptocurrency's die wel in staat zijn om goede resultaten neer te zetten. Hieronder gaan we daarom verder in op de drie beste crypto met potentie om vandaag te kopen.

Met nog 9 dagen te gaan voor de inauguratie van Donald Trump, is het mogelijk dat de hype rondom crypto groeit naarmate de dag dichterbij komt. Dit zou voorlopig een einde maken aan het voorzichtige sentiment van investeerders.

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

Mantra price has done well since 2024, propelling it from a small cryptocurrency into one of the biggest players in the industry with a market cap of almost $4 billion.

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.

UAE-based DAMAC Group partners with MANTRA blockchain to tokenize $1 billion worth of real estate and business assets, with the initiative set to launch in early 2025.

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.

DAMAC Group will leverage MANTRA blockchain to tokenize at least $1 billion assets. The post Layer-1 Blockchain MANTRA to Tokenize $1B RWA for UAE-Based DAMAC Group appeared first on Cryptonews.

MANTRA plans to tokenize over $1 billion of DAMAC Group's assets starting in early 2025, according to an announcement made on Thursday.

TL;DR Mantra and DAMAC Group sign a $1 billion agreement to tokenize assets in the Middle East, starting with DAMAC's portfolio. Asset tokenization will not only enhance transparency but also provide easier access to a wide range of investment opportunities globally.

MANTRA, a blockchain platform focused on real-world assets (RWAs), has signed a deal with Dubai developer DAMAC Group to tokenise assets in the Middle East worth at least $1 billion, the two firms said on Thursday.

MANTRA has entered a $1 billion partnership with Dubai-based DAMAC Group.

The duo aims to streamline the real-world asset tokenization process for users in the Middle East.

The deal will allow token-based financing of DAMAC's wide range of portfolio companies that includes real estate development, hospitality and data centers.

Mantra and Damac Group have signed a $1 billion partnership to tokenize real-world assets, enhancing blockchain-based finance in the UAE.

MANTRA eyes $10 as analysts predict massive growth, fueled by strong adoption, key partnerships, and a focus on regulated RWA tokenization.

While American bond yields have surged this week, cryptocurrencies offer investors a good way to benefit from price movement and staking yields. With some Ethereum tokens yielding above 10%, these assets are doing better than bonds and dividend stocks.

Mantra (OM) has experienced substantial growth in recent years, making it a noteworthy cryptocurrency for both investors and analysts. From an all-time low of just $0.000858, the price of OM has surged to around $3.96, reflecting an impressive surge of nearly 22,845%.

Binance has announced its latest initiative on the BNSOL Super Stake platform, spotlighting MANTRA (OM), a specialized Layer 1 blockchain designed for tokenized real-world assets.

Check out the top 5 RWA tokens that could grow big by 2025. These tokens have the potential to multiply your investment.

Mantra (OM) emerged as one of the most impressive performers in the cryptocurrency market. Surging by an astounding 8354.87%, it outpaced major players like Bitcoin (BTC) and Ethereum (ETH), recording a dramatic climb from $0.043 to a peak of $4.6 within the year.

OM has dominated the 2024 crypto markets, surging by 8354.87%.

Binance users can earn additional rewards through OM APR Boost Airdrops as the platform introduces new staking opportunities.