December ETH Price Prediction · Posting Challenge 📈
With rate-cut expectations heating up in December, ETH sentiment turns bullish again.
We’re opening a prediction challenge — Spot the trend · Call the market · Win rewards 💰
Reward 🎁:
From all correct predictions, 5 winners will be randomly selected — 10 USDT each
Deadline 📅: December 11, 12:00 (UTC+8)
How to join ✍️:
Post your ETH price prediction on Gate Square, clearly stating a price range
(e.g. $3,200–$3,400, range must be < $200) and include the hashtag #ETHDecPrediction
Post Examples 👇
Example ①: #ETHDecPrediction Range: $3,150–
Compound has paused multiple stablecoin lending markets on Ethereum in response to the Elixir liquidity crisis.
BlockBeats reports that on November 7th, DeFi research and risk management firm Gauntlet recommended a temporary emergency halt on certain independent lending markets within the Ethereum-based lending protocol Compound v3. The affected markets include USDC on Ethereum, USDS on Ethereum, and USDT on Ethereum. The proposal has been approved, and after the halt, lending withdrawals for USDC and USDS resumed on November 6th. Compound stated that it will gradually restore the markets once system security is assured.
This move aims to address the liquidity crisis involving Elixir’s deUSD and sdeUSD, both of which are listed as collateral on Ethereum-backed USDC, USDS, and USDT.
Additionally, on November 4th, Stream Finance disclosed that its fund assets suffered a loss of $93 million, with Elixir bearing a $68 million exposure, leading to liquidity issues for its stablecoins deUSD and sdeUSD.