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In a sign of deepening turmoil in the crypto community, Babel Finance became the second major digital-asset lender this week to freeze withdrawals.
“I don’t think there is a playbook we can turn to from the global financial crisis or the dotcom bust or anything else,” Matt Cwiertnia, Ares Mgmt.
Fed Reserve said it would do what is needed to get prices under control, reiterating price stability is necessary to support a strong labor market.