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Fantom's Scream DeFi Protocol Incurs $35M Bad Debt as Two More Stablecoins Lose USD Peg

crypto.news

The Scream decentralized finance (DeFi) protocol has run into a $35 million dollar bad debt following its failure to adjust the price of the Fantom USD (fUSD) and Dei (DEI) stablecoins on its platform when they got ‘depegged' from the…

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Bitcoin FTM
$ 0.7055

Timeline of Fantom


Polygon, Juno and Fantom blockchains try to lure Terra's projects - The Block

Other blockchains are advertising themselves to developers closing their shops on Terra after its collapse. The post Polygon, Juno and Fantom blockchains try to lure Terra's projects appeared first on The Block.


Fantom [FTM] trumps TerraUSD [UST] as investors were dumbfounded by… - AMBCrypto

The impact of Terra's downfall continues to send shockwaves across the crypto space with altcoins trying to recover from the Crash of 9 and 11 May. Most of the altcoins have somehow managed to look north, however, one that has completely failed is Fantom.


Fantom blockchain suffers another DeFi hack - Cryptopolitan

Fantom blockchain has succumbed to another hack attack in the decentralized finance market, pushing its native token, FTM, to experience a decline. The native token of the platform, FTM, is presently trading at $0.334, following a massive 15% drop over the last 24 hours.


Another Fantom Hack? FTM Slumps 15% After DEX Attack - Coingape

Fantom (FTM), the native token on the eponymous blockchain, fell sharply after one of its largest DeFi exchanges (DEX) was hit with a hack. FTM slumped over 15% in the past 24 hours, and is now trading at nine-month lows of $0.322552.


FTM Price Analysis: Retest to Channel Support Hints at Bullish Recovery - Coingape

The Fantom(FTM) traders completed the prior bear cycle within a falling channel as the altcoin dropped to the support trendline at $0.03. However, the altcoin rebounds from this trendline with a morning star candle in response to the price pattern.


Oraichain Launches its Verifiable Random Function (VRF) solution for the Fantom Ecosystem - Crypto Daily

Decentralized AI-powered oracle service, Oraichain announced the availability of Verifiable Random Function (VRF) services on Fantom blockchain. The launch of VRF 2.0 aims to enhance the building of decentralized applications (dApps) on the vibrant Fantom ecosystem, boosting trust and fairness in these dApps.


Altcoins Ready for a Strong Rebound this Week, FTM, APE, DOT to Range High While SHIB Primed to Plunge Hard - CoinPedia

The crypto space is currently undergoing deep plunge trouble as the Bitcoin price slides down below $33,000. With extreme fear among the traders, the market is expected to crash, slicing the lower support. However, some altcoins are expected to rebound firmly, gaining significant bullish momentum very soon.  Fantom(FTM) Price Could Hit $1 The FTM price …


Fantom (FTM) Price Struggles to Gain Momentum, Follows Crypto Market Crash - Crypto news

Since spiking sharply and hitting a high of $3.36 back in January, FTM has primarily been on a downward trend. The cryptocurrency started its current 7-day cycle trading at $0.94 and has barely tried to break that level since.


FTM Price Analysis: FTM Prices Trapped Under Bearish Multiverse - Coingape

A fresh falling channel pattern drives the Fantom(FTM) price to the ground or below the $1 mark in a less demeaning way. The recent bearish reversal brings the altcoin to $0.70 with an engulfing candle, struggling to continue underneath it.


Amidst The Bearish Market, Fantom Price Prepares For A 30% Breakout! Here's Why - CoinPedia

The dramatic trend reversal by the global cryptocurrency market has left the crypto space gloomy. The world's largest cryptocurrency by market cap has drastically dropped below $36,000 pulling down Ethereum and other altcoins too. Among these altcoins is Fantom (FTM) Price which is among the top 50 largest cryptocurrencies by market cap and is hit …

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