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Decentralized, cross-chain “liquidity protocol” THORChain has paused its lending and saving services after the community raised concerns about the project’s solvency. Aside from its core function as a cross-chain decentralized exchange (DEX), THORChain offers generous bitcoin (BTC) and ether (ETH) collateralized “0% interest, no liquidations, and no expiration” loans as well as “Savers” vaults on native tokens. .@THORChain is insolvent In the event of any large debt redemption and/or savers & synths deleveraging, it is certain that TC cannot meet its bitcoin and eth denominated obligations. Validators decided to pause the network while they vote a restructuring plan — TCB (@1984_is_today) January 24, 2025 Read more: Do Kwon escapes extradition limbo — enters US trial limbo THORChain community member TCB pointed to total liabilities of around $200 million between the two programs, backed by just $107 million of (non-locked) liquidity. The thread e...

Bitcoin has surged past $66,000, and Altcoin Buzz has analyzed the potential drivers for a push toward reclaiming the $70,000 mark. Experts point to the Federal Reserve’s recent interest rate cuts as a key influence, as lower rates tend to encourage investment in riskier assets like Bitcoin. According to Into The Cryptoverse (ITC), Solana is steadily recovering from a severe bear market that led to sharp declines in price and market capitalization. A chart from ITC shows that SOL’s dominance peaked near 4% during the 2021 bull run before dropping significantly in the months following. Other altcoins are also experiencing positive price movements. For those looking to capitalize on the current market optimism, here are the five best altcoins to watch today. 6 Best Altcoins To Watch Today Stellar (XLM) is a decentralized peer-to-peer network. THORChain has played a key role in helping various platforms generate significant passive income. Chainlink serves as a blockchain ab...