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Trump's encryption advisor: The credit crisis in DeFi lending is evolving into a liquidity crisis in encryption, with a very high possibility of spreading to CeFi.
[Trump's Crypto Advisor: The Credit Crisis in DeFi Lending is Evolving into a Crypto Liquidity Crisis, with a High Likelihood of Spreading to CeFi] Trump's crypto assets advisor David Bailey stated that the credit crisis in the Decentralized Finance (DeFi) lending sector is evolving into a crypto assets liquidity crisis. If collateral required for margin calls cannot be provided or hedging operations fail, the risk of spreading from Decentralized Finance (DeFi) to Centralized Finance (CeFi) is extremely high… On October 10, the second round (of the crisis) may arrive. I hope things do not develop to this point, but caution is still necessary to avoid counterparty risk.