Daily Markets 0

Good morning people,

It’s been a day of banal shocks across expanded crypto-markets, today, too. For those of you who have just woken up, or sobered, news of the days is as follows:

• USD Tether has downward legged, a situational event many fearsome market participants perceive as a de-peg as 3pool liquidity has dried up a lil.
  
  You may check the health of the pool via this Parsec dashboard shared by alto aka dollar dot eth:
  

  https://app.parsec.finance/layout/alto/shplWloe

• Market sentiment boils up into a shared state of panic, despair and chaos following the news of Financial Committee (US) hearing of Promotheum Inc. (whoever they are) for majority of market participants unanimously think that it’s a rather coordinated play between the aforementioned and the SEC.
  
  Below is a rather intriguing share which you can access here—guys, please re-activate Twitter embeds, this feud between Twitter and Substack is childish.

  

• People have been speculating about Michael Egorov’s debt collateralization via native CRV tokens to borrow, and better his AAVE position all day long, which caused a cascade of drama again on CT ad nauseam. I guess the best answer came from the Aavechan—that’s, it’s not the duty of state-machine maintainers to intervene into free markets:
  
  https://governance.aave.com/t/gauntlet-recommendation-to-freeze-crv-and-set-crv-ltv-0-on-aave-v2/13644/9