BITPRISMIA
Decentralized finance (DeFi) lending protocols have reached a milestone of $100 billion in deposits, driven by investor interest and the unique benefits of DeFi platforms.
USD.AI has secured $13 million in Series A funding to provide GPU-backed loans for AI companies, offering faster approval times and innovative financing solutions, with plans for a public launch including an ICO and game-based allocation strategy.
The CrediX hack resulted in a $4.5 million loss, prompting the deletion of its X account and raising concerns about DeFi security.
Jupiter Lend, a decentralized lending protocol on Solana, has launched its private beta, aiming to enhance liquidity and efficiency in the Solana DeFi ecosystem.
Clearpool's PayFi and cpUSD are innovative DeFi lending solutions designed to enhance liquidity and efficiency in cross-border payments and financing, while integrating real-world assets into the DeFi ecosystem.
South Korea is establishing a joint task force to develop comprehensive regulations for the crypto lending sector, aiming to enhance transparency, risk management, and investor protection while learning from past industry failures.
South Korea's Financial Supervisory Service (FSS) issued a warning to major crypto exchanges Upbit and Bithumb over their crypto lending services, citing legal risks and prompting immediate suspensions and regulatory actions.
Crypto lender Abra has secretly paused withdrawals, raising fears of a $700M platform collapse, while facing regulatory violations and financial distress.
Upbit, a major South Korean cryptocurrency exchange, has announced it will discontinue its USDT lending service, a popular passive income option for crypto users, likely due to regulatory and risk management concerns.
Bithumb is discontinuing its lending services and transitioning to a coin rental service by July 29, 2024, as part of a strategic shift to enhance stability and regulatory compliance in the South Korean crypto market.