#BANANA gave a shallow break of the falling wedge #pattern and still going through consolidation. Price can #move down from here or after a retest of the resistance, expecting a new lower low. #crypto
The $1.6B SPAC deal between Dynamix Corp (DYNX) and The Ether Machine has been scrapped due to unfavorable market conditions. Dynamix will receive a $50M termination payment. The Ether Machine still holds over $1B in $ETH in its treasury. #crypto
๐ฐ Morpho borrowers paid about $170M in interest over the past year. At a 10% take rate, this implies roughly $17M in annualized revenue against a $1.7B valuation. In comparison, Aave is generating about $140M in annualized revenue at a $1.5B valuation. #crypto