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The attack on dYdX came as a result of targeting YFI's long positions. $9 million has been used to cover funds lost in the attack.

In a whirlwind of volatility, the cryptocurrency space witnessed an unexpected and staggering 45% plunge in Yearn.finance (YFI) within mere hours. The uproar within the market intensified as one of the premier platforms in the decentralized finance (DeFi) ecosystem underwent a substantial selloff, sparking widespread speculation and concerns among investors and enthusiasts alike.

Yearn Finance's YFI token fell by more than 40% within the last 24 hours, resulting in a significant liquidation of approximately $5 million. The sudden price decline led to speculation of whether suspicious things were happening to the protocol.

Yearn.Finance's YFI token crashed over 43% in just five hours, after rallying almost 170% in November.

Yearn Finance's native token YFI experienced a tremble on Saturday when the token fell more than 45% in just a couple of hours. The decline from the previous day's high of $15,891 to the current $9082 shows massive whale movement inside the market.

The massive price slump came after several consecutive days of charting notable gains.

Yearn.finance (YFI) attracted the attention of market players following its sudden price dip to $8,300 from $14,500. The altcoin lost more than 45% of its value within hours. YFI's wild price actions have triggered exit scam allegations. Whale Wire speculated that a rug pull by Yearn.

YFI token plummets over 37% in a day, triggering $4.7 million in liquidations. Trading data shows divided investor sentiment with fluctuating long and short positions. Recent severe drop in YFI's value underlines the crypto market's unpredictability and risks. Yearn Finance (YFI) token has experienced a significant market downturn.

It appears that Yearn. Finance, YFI, was rug pulled. The token that achieved the highest price, ahead of Bitcoin, during the 2021 bull run appears to be in great danger. The global trading volume has dropped by over 20%, suggesting less trading activity. In these times, the volume soared over $8.

Yearn.finance (YFI) price tumbles 45% within a few hours, falling from $14,500 to $8,300. The crypto market sets eyes on it as one of the biggest platforms in the DeFi ecosystem witnessing a massive selloff, causing people to speculate whether any suspicious things are happening with yearn.finance.

Yearn.Finance skyrockets over 100% as the team announces that v3 is coming soon.

The crypto market has gained strong bullish momentum, as major cryptocurrencies have made massive gains during the past month. The industry trades at an 18-month high, indicating strong bull power. Yearn Finance price has surged more than 110% within the past week, with a cumulative gain of approximately 200% Month-on-Month (MOM).

The crypto prices today were in the red, as the investors seem to be closing their positions on the major cryptocurrencies. Meanwhile, the decline in the market started on November 16, after news broke out that BlackRock officially filed for Ethereum ETF with the SEC.

Thursday, November 16, 2023, marks a steady phase in the crypto economy, maintaining a value of $1.4 trillion with a modest increase of 0.44% in the last 24 hours. Concurrently, despite the seven-day downturn experienced by both bitcoin and ethereum this week, a notable 39 cryptocurrencies have achieved double-digit growth.

An Ethereum (ETH)-based decentralized finance (DeFi) protocol has exploded in price amid a recent spike in whale activity and new addresses, according to the crypto analytics firm Santiment. YFI, the native asset of automated yield-farming protocol Yearn.Finance, is trading at $10,242 at time of writing.

In an unexpected twist of events, Yearn Finance, a prominent player in the world of decentralized finance (DeFi), has temporarily shifted its user base to the yearn.fi URL due to a sudden outage on its primary website. This unanticipated move has sent ripples through the DeFi community, sparking a flurry of questions and curiosity.

A recent report reveals that people in Turkey are quickly embracing crypto, with most aiming to build wealth in the long term rather than seeking fast profits.

DeFi protocol Yearn Finance has informed users to access the protocol through yearn.fi URL for the meantime.

One of the biggest market makers in crypto is having trouble getting nearly free money out of Yearn Finance.

Wintermute Trading proposes a 12-month loan of 350 YFI ($1.8 million) from the DAO's treasury to purchase yCRV tokens. The loan, if approved, will carry a 0.10% interest rate.

This breach has brought to the forefront the constantly evolving challenges that the world of decentralized finance faces. Yearn Finance, previously lauded for its commitment to championing decentralization, now finds itself grappling with a significant setback due to this unprecedented security breach.

A look at the day ahead in European and global markets from Ankur Banerjee

Decentralized finance (DeFi) protocol Yearn Finance has invited the world's top hackers to have a crack at its vault. Furthermore, the DeFi lending platform provided its vault smart contract, which it has asked to be ‘rugged.

The emergence of Decentralised Autonomous Organisations (DAOs) on the blockchain has been a game-changer, ushering in a new era of decentralized community administration.