MATIC price could sustain bullish momentum on cues from a mix of optimistic fundamental and technical indicators.
The crypto yield platform said one of its trading strategies "appears to have failed" forcing the firm halt services earlier this week.
Compound users can no longer use yearn finance (YFI), 0x (ZRX), basic attention token (BAT) or maker (MKR) tokens as collateral for loans.
The program was launched after Decentral Bank, the issuer of NEAR-native stablecoin USN, raised concerns about the stablecoin depegging due to algorithmic failure.
The Australian securities regulator is pursuing BPS Financial Pty Ltd for allegedly making false and misleading representations, and engaging in unlicensed conduct.
Despite the ongoing bear market, family offices and high-net-worth individuals in Hong Kong and Singapore are keen to invest in crypto or already have holdings.
As the crypto winter rages on, new data from BlockFi reveals that women investors are still bullish on crypto, with 22% intending to buy in the next 12 months.
MATIC has painted a bull flag setup with a profit target sitting nearly 100% higher than the current price.