Odaily Planet Daily reports that David Bailey, Trump's crypto advisor and chairman of Bitcoin Magazine, wrote on the X platform: "The credit crisis in DeFi lending is evolving into a crypto liquidity crisis. If collateral cannot be used for margin calls or hedging fails, it is very likely to spread from DeFi to CeFi. This is the second wave of shocks from the 'October 11 crash.' Hopefully, this will not happen, but please stay safe and avoid counterparty risk."