Lending
Circle drops Yield rates to 0%
Circle said despite $2.6 million outstanding in loans, its yield product is overcollateralized and secured by "robust collateral agreements."
Josh O'Sullivan 1 min read
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Bear Market
Genesis’ crypto-lending unit halts customer withdrawals
In light of the FTX collapse, Genesis is facing abnormal withdrawals requests beyond the limits of their current liquidity.
Bankruptcy
FTX reaches out to Kraken for help as it scrambles for $9.4B bailout; Alameda owes exchange $10B
The latest development emanates after the CEO of the cryptocurrency exchange, Sam Bankman-Fried, said he's working on emergency moves to raise funds
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Bear Market
Large short positions push Bitcoin toward $17k amid $861M in crypto liquidations
Over $250M in Bitcoin liquidations aid crypto capitulation as Bitcoin drops
Trading
Crypto short liquidation cross $750M in 4 hours as Bitcoin reclaims $20k
Short liquidations hit a 3-month high as Bitcoin wipes out $356M in less than four hours
Bankruptcy
Celsius receives court approval for bidding proposal, final judgement expected Dec. 22
Celsius filed for a bidding proposal on Oct. 3 seeking the court's approval to sell its remaining assets.
Adoption
USDC, Axelar’s new protocol has bridge-free cross-chain swaps; does away with bridged tokens
Cross-chain swaps can now be routed through USDC and transferred via CCTP to a new chain without the need for a traditional web3 bridge
Lending
Moon Mortgage lands $3.5M investment to provide crypto-collateralized mortgages
The CryptoMortgage product will take investors' digital assets as collateral and provide them with 100% of the financing for properties in the U.S.
Bear Market
TrueFi issues notice of default to VC firm Blockwater on $3M loan
TrueFi is in discussion with Blockwater and its advisors to recover the remaining funds but will also engage in legal proceedings to ensure best outcome for shareholders.
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Lending
Nexo integrates enterprise-grade blockchain indexer Zash
Bankruptcy
Celsius Creditors moves to recoup $439M through EquitiesFirst subpoena
Lending
California issues cease, refrain order to Nexo over offering clients an Earn Interest Product
Lending
