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Curve has faced multiple setbacks, such as the Conic, JPEG’d, and Curve hacks, which have impacted its total value locked (TVL) and caused ripple effects on the price and liquidity of CRV tokens. As a result, Abracadabra Money is considering raising interest rates to mitigate its exposure to CurveDAO’s native token, CRV. Abracadabra Money proposes rate adjustment In an August 1 announcement, Abracadabra Money proposed adjusting interest rates on collateral-based rates across CRV cauldrons.  The proposal suggests charging interest on the cauldron’s collateral before moving into the protocol’s treasury, similar to what the DAO did with Wrapped Bitcoin and Wrapped Ethereum cauldrons.  You might also like: EU’s MiCA rules could prohibit MEV activities on Ethereum The adjustments will be 30% on a principal of $0M-$5M, 100% on a principal of $5 to $10 million, and 200% on a principal of $10 to $18 million. They will be combined on the collateral ratio...

Bakkt Holdings’ research report reveals sustained interest in cryptocurrencies among market participants, emphasizing the need for regulatory clarity in driving adoption. Fintech firms a gateway for crypto adopters In its latest crypto ecosystem study, Bakkt Holdings Inc (NYSE: BKKT) delved into the sentiments, adoption rate, and concerns of over 2,000 U.S. residents who own or are interested in cryptocurrencies.  The study sheds light on their attitude toward crypto regulation, consumer protection, and the factors influencing their interest in digital assets. Despite the recent negative volatility in the global digital assets market, the study found that 84% of current crypto holders remain interested in making further purchases, with only 27% of crypto-curious respondents signaling interest in investing in the nascent digital asset class, representing an 11 percentage point drop since the first phase of the study in October 2022.  The researchers also found that news and ev...