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Analyst: US economic data releases return to normal, beware of the risk of government shutdown quietly re-emerging
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Data: In the past 24 hours, the total liquidation across the network was $463 million, with long positions liquidated at $317 million and short positions at $146 million.
5m ago
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DeFi protocol Spark has suspended its plan to launch an app and is shifting its focus to institutional liquidity.
PANews November 20 news, according to CoinDesk, DeFi giant Spark has decided to suspend its encryption mobile application development plans and instead focus on DeFi native liquidity infrastructure and institutional trading, such as its recent $1 billion investment in PayPal's stablecoin PYUSD. The CEO of Phoenix Labs, the developer behind Spark, stated that the current market competition is fierce, and the company will focus on its own advantages without blindly expanding into the retail sector. Spark's current TVL exceeds $9 billion, and the app plans may be restarted in the future.