Crypto Game
  • Advertise
  • Submit a Press Release
  • Contact Us
Blockchain & Cryptocurrencies Tabloid
  • Finance & Blockchain News
  • Bitcoin News
    bitcoin market volatility painting

    Trump’s Tariffs Stir Crypto Market Volatility

    devvstream crypto city scene

    DevvStream Allocates $10 Million in Bitcoin and Solana

    bitcoin celebration oil painting

    H100 Group Acquires 117.93 BTC in Treasury Strategy

    lummis bitcoin military scene

    US Military Backs Senator Lummis’ Bitcoin Reserve Proposal

    futuristic cityscape 2027

    Metaplanet Aims to Raise $3.7B for Bitcoin Purchase

    metaplanet bitcoin investment art

    Metaplanet Plans $3.7B Bitcoin Acquisition by 2027

  • Altcoin News
    • All
    • Bitcoin Cash
    • Cardano
    • EOS
    • Ethereum
    • Litecoin
    • Monero
    • Ripple
    • Stellar
    xrp ledger global network art

    XRP Ledger Becomes Key Settlement Layer for Stablecoins

    futuristic xrp cityscape painting

    XRP Ledger Gaining Momentum as Stablecoin Settlement Layer

    futuristic financial district art

    CME XRP Futures Reach Record Highs Amid ETF Optimism

    frantic financial market painting

    Pepe Coin Price Drop Triggers Market Reactions

    bull market cityscape painting

    BlackRock Spot Ether ETF Drives Record July Inflows

    futuristic cityscape oil painting

    BlackRock’s Ripple Swell 2025 Presence Spurs XRP ETF Speculation

    Trending Tags

    • Ethereum
    • Bitcoin Cash
    • Litecoin
    • Monero
    • Ripple
  • Crypto 101
    • All
    • Cryptocurrencies
    • Exchanges
    • Services
    • Wallets
    Benefits Of Choosing the Right AI Trading Bot

    4 Benefits Of Choosing the Right AI Trading Bot

    Crypto Trading

    A Beginner’s Guide to Crypto Trading: Unlocking the World of Digital Coins

    BitcoinGames.com

    BitcoinGames.com Introduces the Ultimate Casino Gaming Experience with Bitcoin

    How AI is Helping Athletes and Fans Get the Most out of the Game

    From Training to Judging, AI is Entering the Ring

    Top 5 Websites for Buying Gift Cards with Crypto

    Clutch Savours – Gift Certificates You Can Buy with Crypto

    Layer 2 Blockchains

    Everything You Need To Know About Layer 2 Blockchains

  • Blockchain Events
No Result
View All Result
Blockchain & Cryptocurrencies Tabloid
No Result
View All Result

PsyFi to Cease Operations by May 2025 in Solana Ecosystem

Solomon M. by Solomon M.
April 4, 2025
in Latest News
futuristic city financial crisis
Key Points:

  • Main event, leadership changes, market impact, financial shifts, or expert insights.
  • Platform enters withdrawal-only mode.
  • Potential impact on Solana’s DeFi space.

psyfi-to-cease-operations-by-may-2025-in-solana-ecosystem
PsyFi to Cease Operations by May 2025 in Solana Ecosystem

This event marks a significant shift in Solana’s DeFi landscape, impacting user withdrawals and market liquidity.

PsyFi has officially announced the shutdown of its operations, including its lending protocol and yield optimization tools, by 2025. Users have been urged to withdraw funds as the platform enters withdrawal-only mode. The decision reflects ongoing challenges in Solana’s DeFi sector. Key stakeholders remain silent on the specifics, but the transition impacts numerous users relying on these services. Over 425,266 SOL were unlocked recently, indicating substantial asset movements linked to this announcement.

Over 425,266 SOL (~$49.78 million) were unlocked during this period, signaling potential liquidations. — Onchain Activity Analyst, Cryptocurrency Market Analyst

As users respond by withdrawing funds, Solana’s overall DeFi value is likely to decrease. Similar historical shutdowns have led to notable liquidity declines and user confidence issues. Expert reactions indicate a potential downturn in related governance token prices, previously observed to fall by 20-50%. This holds true especially if the protocol is pivotal to the ecosystem.

Market responses remain cautious, with little price movement occurring immediately post-announcement. The long-term effect on Solana’s DeFi space and liquidity management requires monitoring.

Previous Post

Qubetics Delivers Massive ROI for Early Investors, As EOS and Aptos Race for the Trending Cryptos to Buy

Next Post

WhiteBIT Nova Surpasses One Million Transactions Milestone

Solomon M.

Solomon M.

Related Posts

visionary innovators oil painting

Keith Fitz-Gerald Advocates for Elon Musk’s Visionary Leadership

by Solomon M.
August 2, 2025

Keith Fitz-Gerald likens Elon Musk to Einstein, advising investors not to bet against him.

elon musk tesla visionary painting

Elon Musk Acknowledges Tesla’s Potential $20 Trillion Valuation

by Solomon M.
August 2, 2025

Elon Musk agrees $20 trillion Tesla valuation possible with extreme execution, aligning with analyst Keith Fitz-Gerald's prediction.

keith elon oil painting discussion

Fitz-Gerald Compares Elon Musk to Visionaries Like Steve Jobs

by Adriana M.
August 2, 2025

Chief Investment Officer Keith Fitz-Gerald likens Elon Musk to Steve Jobs, highlighting Musk's innovative impact.

visionary leader oil painting

Keith Fitz-Gerald Compares Elon Musk to Steve Jobs

by Solomon M.
August 2, 2025

Keith Fitz-Gerald compares Elon Musk to Steve Jobs, predicting Tesla's growth potential.

keith fitz gerald advising clients

Keith Fitz-Gerald Advocates Investing in Elon Musk Ventures

by Solomon M.
August 2, 2025

Investment strategist Keith Fitz-Gerald emphasizes Musk's potential, advising investors to support Musk-led projects.

elon musk einstein futuristic lab

Investment Analyst Compares Elon Musk to Einstein

by Solomon M.
August 2, 2025

Elon Musk is compared to Einstein by Keith Fitz-Gerald, boosting Tesla's market perception.

We Recommend

Top Rated Casinos
Bitstarz Casino

BitcoinCasino.io
Top Crypto Betting
1xBit.com
Top Rated Exchanges
Binance Exchange

Bityard.com
Top Advertising Services
Coinzilla Display Network
Top Crypto Wallets
Ledger Nano X

  • Terms and Conditions
  • Privacy Policy
  • Advertise
  • About Us
  • Contact Us

© 2018-2019 theccpress.com by Brantell Media.

No Result
View All Result
  • Finance & Blockchain News
  • Bitcoin News
  • Altcoin News
  • Crypto 101
  • Blockchain Events

© 2018 - 2019 theccpress.com, a Brantell Media project.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.