ETHW

Nexus Mutual is facing a $3 million loss due to Orthogonal Trading’s loan default. This accounts for about 1.5% to 2.6% of the company’s assets. Nexus has initiated actions to recover available funds in the M11 pool.

Binance revealed its plans to support Bitcoin miners by launching a $500M lending pool.

ETHW, Ethereum’s proposed fork token that strives to remain on the PoW algorithm, tanks by 53% within six days of hitting its all-time high.