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@eleonidas950
I just minted WeCastPro from @chriscocreated - all 10k Pro + the FC team in the arch
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@eleonidas950
“Our priority has always been and continues to be to keep existing user funds safe and with no fallback oracle, the risks outweigh the benefits,” it said.
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@eleonidas950
“Since we don’t have a secondary (fallback) oracle to support these assets, as none are available, we are unable to fully prevent similar events from occurring in the future,” Nostra added.
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@eleonidas950
Nostra has also recommended that users with existing xSTRK and sSTRK deposits withdraw the collateral immediately.
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@eleonidas950
In response, the DeFi protocol has disabled any further borrowing against xSTRK and sSTRK collateral deposits, Nostra said.
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@eleonidas950
According to Nostra, “[s]uch an inflated price feed could have caused unnecessary liquidations of otherwise safe positions, resulting in users with healthy positions getting liquidated.”
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@eleonidas950
On March 24, errors in Nostra’s price feed inflated the reported prices of xSTRK and sSTRK — two liquid staking derivatives of Starknet’s native STRK token — to approximately three times the tokens’ actual value, Nostra said in a post on the X platform.
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@eleonidas950
Nostra, a lending protocol on Starknet, has paused borrowing for two liquid staking tokens after identifying a “critical issue” with its price feeds, the decentralized finance (DeFi) protocol said.
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@eleonidas950
”Once launched, these ETFs will be available on the Crypto.com App for our more than 140 million users around the world,” Crypto.com co-founder and CEO Kris Marszalek said.
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@eleonidas950
The parties involved expect the ETFs to be widely available internationally, including in the US, Europe and Asia across existing brokerage platforms.
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@eleonidas950
The parties plan to launch the ETFs later this year through Crypto.com’s broker-dealer, Foris Capital US LLC. The ETFs will consist of digital assets and securities with a “Made in America” focus.
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@eleonidas950
Trump Technology Group Corp (TMTG) — the operator of the social media platform Truth Social and fintech brand Truth.Fi — is also part of the agreement, which is subject to regulatory approval, according to a March 24 statement from Trump Media.
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@eleonidas950
Trump Media has signed a non-binding agreement with Crypto.com to launch a series of exchange-traded funds in the US.
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@eleonidas950
Today in crypto, Trump Media is looking to team up with Crypto.com to launch a series of “Made In America” crypto and stock ETFs. DeFi lender Nostra paused borrowing on two liquid staking tokens after a critical price feed issue on Starknet and MicroStrategy bought 6,911 Bitcoin, pushing its holdings past 500,000.
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