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Nexus Mutual Hit With $3M Loss Due To Orthogonal Trading's $36M Loan Default

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 Aids Bitcoin Miners By Launching $500M Lending Pool

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

Ethereum PoW Fork Token Tanks Over 53% In Less Than A Week

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.