Today’s Top Crypto News – Friday, 7/8/22

•Crypto Exchange Blockchain.com Faces $270M Hit on Loans to Three Arrows Capital- CoinDesk

“Blockchain.com “remains liquid, solvent and our customers will not be impacted,” wrote CEO Peter Smith in a letter to shareholders.”

•Compass Mining retrenches 15% of staff, execs to take major pay-cuts – CoinTelegraph

“Compass Mining parts ways with 15% of its workforce while senior employees and executives take major pay-cuts in the wake of the cryptocurrency downturn.”

•Aave Proposes Decentralized, Yield-Generating Stablecoin GHO – Coindesk

“The US dollar-pegged algorithmic stablecoin will be minted by users and generate interest yields.”

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