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what happened in crypto
“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.
“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.
Nostra has also recommended that users with existing xSTRK and sSTRK deposits withdraw the collateral immediately.
In response, the DeFi protocol has disabled any further borrowing against xSTRK and sSTRK collateral deposits, Nostra said.
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.”
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.
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.
”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.
The parties involved expect the ETFs to be widely available internationally, including in the US, Europe and Asia across existing brokerage platforms.
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.
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.
Trump Media has signed a non-binding agreement with Crypto.com to launch a series of exchange-traded funds in the US.
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.
The preferred stock was sold at $85 per share and featured a 10% coupon. According to Strategy, the offering should bring the company approximately $711 million in revenue scheduled to settle on March 25, 2025.
