Kraken Australia’s Managing Director: Contagion Only Hit Firms with Poor Balance Sheet Management

The crypto contagion sparked by Terra’s infamous implosion this year only spread to companies and protocols with "poor balance sheet management" and not the underlying blockchain technology, says Kraken Australia’s managing director Jonathon Miller. He argued that sectors such as Ethereum-based DeFi revealed its fundamental strength this year by weathering severe market conditions.
Source

Ethereum

DeFi

Terra

Related News
Ethereum edges closer to deploying Pectra on mainnet with successful upgrade on Hoodi testnet Ethereum edges closer to deploying Pectra on mainnet with successful upgrade on Hoodi testnet
Ethereum developers to end support for Holesky testnet in September Ethereum developers to end support for Holesky testnet in September
Ethereum devs activate Pectra upgrade on Sepolia testnet in last phase before mainnet rollout Ethereum devs activate Pectra upgrade on Sepolia testnet in last phase before mainnet rollout
Bybit hackers move over half the stolen ETH onto Bitcoin, largely using ThorChain Bybit hackers move over half the stolen ETH onto Bitcoin, largely using ThorChain
Ethereum developers activate Pectra upgrade on Holesky testnet, finalization pending Ethereum developers activate Pectra upgrade on Holesky testnet, finalization pending
Latest News More More
17 Hours Ago 0xbow unveils ‘Privacy Pools,’ a new blockchain privacy tool drawing from Vitalik Buterin’s research
6 Days Ago MEXC Extends DEX+ Platform to Binance Smart Chain Users
March 25 Binance suspends employee for allegedly profiting off of insider information
March 25 BlackRock launches bitcoin ETP in Europe following US success
March 21 Pump.fun launches DEX called PumpSwap to instantly migrate graduated token
delate
Use TokenInsight App All Crypto Insights Are In Your Hands
Open