Crypto markets crashed after Trump threatened an extra 100% tariff on China, triggering $19.1B+ in liquidations, 10x+ the liquidations during the FTX crash
#Binance only reports one liquidation order per second. [image] @ashcryptoreal : Covid crash: $1.2 Billion in liquidations FTX crash: $1.6 Billion in liquidations Today: $19.16 Billion in liquidations...
A look at CoreWeave, whose financing strategy involves using GPUs as collateral for large loans, which enabled rapid expansion but resulted in $11.2B in debt
Rashi Shrivastava / Forbes : Bluesky: @rashis Bluesky: Rashi Shrivastava / @rashis : A series of bold bets and calculated risks helped Michael Intrator turn @CoreWeave from a no-name crypto miner int...
Coinbase adds bitcoin-backed loans in the US through Morpho, a lending platform on its Base network; borrowers will post collateral and not rely on credit score
Danny Nelson / CoinDesk :
Coinbase launches its wrapped bitcoin, cbBTC, on the Ethereum and Base networks, supported by various DeFi services for trading, lending, and as collateral
The token will initially be offered on Ethereum and Coinbase's Base networks, with plans to expand to more blockchains in the coming months.
Chinese government data: China is unleashing billions in lending to tech startups using intellectual property as collateral, up 57% YoY to ~$58.8B in H1 2024
Financial Times : X: @zacharykeck , @chinabeigebook , and @tanarrowz X: Zachary Keck / @zacharykeck : Unless I am missing something, the problem in China is not credit has dried up. It's that demand ...
Stablecoin provider Tether announces a synthetic dollar backed by gold that will trade as aUSDT via smart contracts on the Ethereum Mainnet blockchain
- Alloy by Tether designed to track dollar with gold collateral — Tether Gold has a $573 million market capitalization
Sources: Byju's founder Byju Raveendran pledged his and his family's homes as collateral to borrow ~$12M to raise ~$400M in debt to pay staff amid a cash crunch
- Founder has raised $400 million in debt to keep firm afloat — Company is also seeking to raise funds through asset sales Mastodon: @carnage4life@mas.to . LinkedIn: Anto Antony Mastodon: Dare Obasan...
A profile of Circle, after secondary market shares of the USDC developer traded at a ~$4.8B valuation in August 2023; Circle was valued at ~$8B in April 2022
lots of first-time details on one of the most important firms in crypto https://fortune.com/... @bitfinexed : Circle @jerallaire is losing to a fraud, he's too chicken shit to call Tether the fraud th...
SEC filing: Coinbase created a crypto lending service for institutional US clients and raised $57M; source: clients get collateral exceeding their cryptoassets
Coinbase (COIN) raised $57 million for the platform as of Sept. 1, according to an SEC filing.
PeckShield: a wallet tied to the ~$600M Binance Coin hack in October 2022 had $63M liquidated on lending platform Venus Protocol, after using BNB as collateral
Cryptocurrencies' sudden tumble this week flushed out legions of speculators — and also, judging from blockchain data, the perpetrator of a giant hack.