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Crypto

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Crypto

XRP Takes Lead Over Bitcoin, Ethereum As Whales Buy $72M XRP

The XRP whales are going against the trend of the overall crypto market, which is characterized by the selling of large BTC and ETH investors. Whales accumulated nearly $72M in XRP tokens during the last few days. The accumulation is contrasted by the heavy distribution of both BTC and ETH as both assets are in The post XRP Takes Lead Over Bitcoin, Ethereum As Whales Buy $72M XRP appeared first on CoinGape.

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Crypto

LlamaRisk proposes to unload approximately $1.33 billion in Aave V3 collateral

According to The Defiant, Aave risk management agency LlamaRisk proposed a governance proposal that plans to gradually remove approximately $1.33 billion in collateral from the Aave V3 Core market on Ethereum to promote the return of the core market to underlying assets with ample liquidity. The affected core assets mainly include rsETH (collateral amount of $661.8 million), osETH ($279.4 million), LBTC ($177.4 million), tBTC ($117.4 million) and rETH ($81.8 million), in addition to eBTC, BTC.b, tETH, PT assets and LDO etc.; mainstream collaterals such as WETH, wstETH, weETH, cbETH, WBTC, cbBTC and USDe will be retained. The plan is still in the discussion stage. The initial measures will first freeze relevant reserves and set LTV to 0, leaving time for borrowers to repay, replace or migrate to Aave V4 without directly liquidating existing exposures. It is also planned to increase the reserve factor of related assets to 99% to guide the smooth exit of funds.

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Crypto

CoreWeave's revenue increased by 168%, raised its financial forecast, and suspended the issuance of unsecured bonds because the yield rate was too high

CoreWeave's revenue in the third quarter was US$3.661 billion, an annual increase of 168%, and its full-year revenue forecast was raised to US$13-13.3 billion. The chief financial officer stated that at the current yield rate, it will no longer issue unsecured debt at the parent company level before 2027, and the debt at the end of the quarter is approximately US$46.9 billion. This article CoreWeave’s revenue increased by 168% and raised its financial forecast, and the yield rate was too high and it suspended the issuance of unsecured bonds. It first appeared on Chain News ABMedia.

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Crypto

Fed Bowman: AI debt will exceed US$800 billion this year, AI stocks may correct sharply

Bowman, the Federal Reserve's vice chairman for supervision, pointed out in a speech on November 10 that AI-related debt is expected to exceed US$800 billion this year, and off-balance sheet obligations such as leases and contract commitments are estimated to be more than three times the debt; if AI revenue cannot catch up with costs, AI company stock prices may correct significantly. This article Fed Bowman: AI debt will exceed US$800 billion this year, AI stocks may correct sharply first appeared on Chain News ABMedia.

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Crypto

CoreWeave reports good financial results! Can the backlog of hundreds of billions of orders overcome high debt and the Texas ban?

Artificial intelligence (AI) computing power provider CoreWeave disclosed its latest quarterly financial data. Both revenue and profit performance exceeded market expectations and were revised upward […] This article CoreWeave reported good financial results! Can the backlog of hundreds of billions of orders overcome high debt and the Texas ban? First appeared in Chain News ABMedia.

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