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In crypto news this week, the Ethereum network’s long awaited Shapella upgrade took effect, unlocking staked ether. In the broader financial world, economist Harry Dent has predicted a massive crash to hit by mid-June, bank lending plummeted by a record $105 billion in two weeks, and the USD’s ability to
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Bitcoin (BTC) price rallied over 10% between April 9 and April 14, marking the highest daily close in more than ten months. While some analysts may argue the move justifies a degree of decoupling from traditional markets, both the S&P 500 and gold are near their highest levels in over
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Maple is also working on additions to its lending offerings, Powell said during the call. A new feature, internally referred to as Maple Prime, will let borrowers actively manage their collateral positions. The protocol plans to expand into open-term lending, which will let borrowers to open credit lines to borrow
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The banking industry in the United States is still struggling after the collapse of three major banks. According to statistics, bank lending in the U.S. has dropped by close to $105 billion in the last two weeks of March, which is the largest decline on record. Additionally, Elon Musk, a
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The firm introduced an upgraded credit underwriting process and appointed a new head of credit. The developments came after M11 Credit suffered $36 million of loan defaults on lending protocol Maple Finance following FTX’s November collapse. Original Source
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“While there are plenty of imperfections in the Endgame reforms and the constitutional processes, we are better off uniting around the clean slate those reforms provide and working to make the new Maker as dynamic and successful as possible,” delegate platform Frontier Research posted on Maker’s governance forum. Original Source
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United States authorities are reportedly deliberating on extending an emergency credit line for banks, “in ways” which may provide First Republic Bank with a time buffer to address its balance sheet concerns, according to people with knowledge of the situation.In a March 26 Bloomberg report citing unnamed sources, it was
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Thailand's Securities and Exchange Commission (SEC) is preparing to hold a new public hearing on a potential ban on staking and lending services in the country.Thailand’s SEC officially announced on March 8 that the authority is seeking public comments on a draft regulation prohibiting virtual asset service providers (VASPs) from
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Crypto borrowing and lending platform Aave is moving closer to offboarding Binance's troubled stablecoin BUSD. Source
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The total value of crypto assets deposited in liquid staking protocols was $14.1 billion as of European hours on Monday, making it the second-largest crypto market sector, according to data source DeFi Llama. The total value locked in the DeFi lending and borrowing protocols was $13.7 billion, the third largest,
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