⛏️ Poolin Mining Pool Files Chapter 11 Bankruptcy After Historic Collapse

🔹 Singapore-based operator once controlled ~20% of global Bitcoin hashrate
🔹 Filed Chapter 11 in New Jersey with $173M debt vs $1-10M assets
🔹 $163.7M owed to wallet customers from 2022 withdrawal suspension
🔹 Asset sale process: $52M stalking-horse bid for Texas mining sites

Poolin shuttered operations July 10, 2026. China mining ban, crypto volatility, and wallet liquidity crisis drove downfall of former industry giant.

Liquidation plan targets substantial dividend to 25,000+ creditors! 💸

[CoinDesk] [Law360]

#PoolinBankruptcy #BitcoinMining #CryptoCollapse #Chapter11
@money 😍⭐💯

💸 DeFi TVL Hemorrhages $45 Billion in Six-Month Meltdown

🔹 Total Value Locked plummets from $115B (January) to $70B (June) — 39% YTD crash
🔹 EVERY single month of 2026 shows red as DeFi sector bleeds capital continuously

CryptoRank analysis reveals DeFi's worst performance since Terra Luna collapse. Institutional investors abandoning yield farming for Treasury Bills offering guaranteed 5.2% returns.

Sector fundamentals collapsing amid macro headwinds and security crisis. Recovery unlikely without major protocol upgrades.

DeFi's reign over? Traditional finance strikes back! 📉

[CryptoRank] [Cryptonomist]

#DeFi #TVL #CryptoCollapse #YieldFarming
@money ⚡🌟🎯😍👀🏆