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Morpho Delists Elixir’s sdeUSD/USDC Pair After deUSD Collapse, 3.6% Bad Debt
Morpho Delists Elixir’s sdeUSD/USDC Pair After deUSD Collapse, 3.6% Bad Debt

Quick Take Summary is AI generated, newsroom reviewed. Morpho delisted Elixir’s sdeUSD/USDC market after deUSD’s collapse. The action created 3.6% bad debt in the Morpho USDC vault. Elixir retired its deUSD stablecoin after losing 98% of its value. MEV Capital is coordinating recovery efforts for creditors. About 80% of deUSD holders have received USDC compensation.References X Post Reference

coinfomania·2025/11/13 21:12
Asian Markets Tumble as Bitcoin Breaks Below $100K Amid Fed Concerns
Asian Markets Tumble as Bitcoin Breaks Below $100K Amid Fed Concerns

Asian stocks plunged Friday following Wall Street's selloff as Fed officials signaled caution on rate cuts. Bitcoin dropped below $100,000 for the third time this month amid regulatory concerns and persistent selling pressure.

BeInCrypto·2025/11/13 21:00
Flash
19:30
Trump's 3,711 stock trades raise scrutiny: automated rebalancing, tax-loss harvesting, or something else?
Overall, these exchanges represent an unprecedented round of stock market operations carried out by a sitting U.S. president, attracting strong interest from short-term traders and prompting critics to raise suspicions of insider trading. However, assessments of these transactions and interviews with investment experts show that the trading methods are highly complex and diverse, making it difficult to reach any definitive conclusions. The operations involve multiple overlapping portfolio management strategies, are often based on indexes, and a significant portion may be automatically executed—making them hard to fully dissect. To a large extent, this aligns with the Trump Group's public explanation: the group states that Trump's holdings are independently managed by third-party financial institutions, which have full authority over all investment decisions, including asset allocation, trading, rebalancing, and portfolio management. The transactions are executed through "automated, model-driven portfolios and direct indexing strategies," with neither Trump, his family, nor his company involved.
19:14
Over $811 Million Liquidated in the Past 24 Hours, Mainly Long Positions
Data shows that over the past 24 hours, a total of $811 million was liquidated across the entire network, with $683 million in long positions and $127 million in short positions, primarily affecting long positions. Among these, $229 million in ETH and $326 million in BTC were liquidated.
18:05
FTX’s former law firm and audit firm agree to pay $66 million to settle customer claims related to fraud
```htmlJinse Finance reported that on May 24, Silicon Valley law firm FenwickWest will pay $54 million to settle a lawsuit brought by FTX customers. The plaintiffs alleged that the firm assisted Sam Bankman-Fried's fraudulent activities. This agreement is part of the second round of FTX settlements, which also includes: auditing firm Prager Metis paying $11.75 million, former NBA player Udonis Haslem paying $420,000. Fenwick denies any wrongdoing. In addition, the firm still faces a separate lawsuit in Washington state worth $525 million, and the settlement agreement reached this Friday does not cover that case.```
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