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Rise of Crypto Loans: A dramatic and unprecedented event


The Aave V3 protocol is approaching $6 billion in loans, and it is a clear indication of the maturity of decentralized finance strategies. The rapid growth of crypto loans is well-documented, as evidenced by their vast quantity. According to the latest industry reports, onchain borrowings exceeded...

Galaxy Digital loans multimillions against tokenized Stradivarius violin


The co-founder of Animoca Brands purchased the violin at an auction for over 9 million dollars. According to the Animoca cofounder, it is just the beginning of a journey for Empress Caterina and special real-world assets. The Vice President of Galaxy Digital said that tokenization of physical...

Hedgey Finance Suffers Dual Exploits, Losing $44.7 Million in Funds


Hedgey Finance exploits have rocked the DeFi platform, resulting in a $44.7 million loss. Hackers targeted the Token Claim Contract across Ethereum and Arbitrum networks, utilizing flash loans to drain funds. Explore the aftermath, ongoing investigations, and the platform's response to these...

Ethereum-based loans witness increased liquidation in April


In the initial two weeks of April, Ethereum-based loans witnessed growing liquidation, whereas crypto prices made a reasonable comeback after a very recent selling-off. In the case of Ethereum, it seemingly encompasses almost the entire lending scenario. As per The Block’s data dashboard, almost...

China’s Shandong Province Introduces Digital Yuan Loan for Entrepreneurs


Shandong Province offers entrepreneurs digital yuan loans, indicating China's push for digital economy amidst discussions on legal frameworks at the ongoing national legislative conference. The post China’s Shandong Province Introduces Digital Yuan Loan for Entrepreneurs appeared first...

Crypto Lender Ledn Now Offers ETH-Backed Loans to Meet Growing Demand


Canada-based Ledn announced Wednesday that it now offers loans backed by Ether, in response to significant client demand for the service. They begin with an annual interest rate starting at 10.4%.   The post Crypto Lender Ledn Now Offers ETH-Backed Loans to Meet Growing Demand appeared first...

Bankrupt Crypto Lender Genesis Moves to Settle with NY Attorney General


Bankrupt lender Genesis on Thursday settled a lawsuit with New York Attorney General Letitia James over its now-defunct Earn program. The Earn program, operated jointly with Gemini Trust, offered customers up to 8% interest on crypto loans. But it was suspended amid the crypto market downturn...

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