Lending
Justin Sun Withdraws Millions of Dollars’ Worth of USDT from Aave's Lending Pools
The Tron founder Justin Sun has withdrawn a huge amount of liquidity from the DeFi protocol. The move is likely to have been triggered by the recent ban on addresses that received funds from Tornado cash.
Maple Finance Loans $300m to help Struggling Bitcoin Miners
The lending fund is designed to support crypto mining firms impacted by the market downturn.
NFT Lending Protocol Bend DAO Proposes New Measures against Bankruptcy Crisis
Subject to the bankruptcy crisis caused by depleted Ethereum reserves, NFT lending protocol Bend DAO has proposed new emergency measures pending a governance vote.
Crypto Broker Genesis Says Lending Business Declined in Q2
Genesis blamed the fierce crypto downturn as the reason for the fall of its lending revenues. The company issued new loans worth $40 billion in Q2, a decrease of 9% from Q1.
‘Multiple’ Crypto Lending Firms Are Under Investigation, Says California Regulator
DFPI is investigating several firms offering “crypto-interest accounts” after these platforms abruptly suspended funds withdrawals. These firms have recently put the lives of millions of consumers at risk.
Crypto Controls Needed in Lending Sector to Stem Depression, Expert Says
For depression and crashes to be averted in the crypto market, regulation and capital controls are needed to supervise fast-growing trading platforms, according to a quantitative risk modeller.
Crypto Lender Celsius Raises $400M as Investors Shun Regulatory Crackdowns
Kentucky-based digital asset lending platform Celsius Network has announced its latest $400 million fundraisers as led by WestCap and CDPQ.
Coinbase Discontinues Plans to Launch Cryptocurrency Lending Product Following SEC’s Warning
Ongoing regulatory pressure has pushed Coinbase to scrap plans for a cryptocurrency lending product.
Aave (LEND) Is Up By Over 11,000 Percent This Year, DeFi Market Reaches $11 Billion in Total Value Locked
The continuous rise and the unending support for the decentralized finance (DeFi) industry has resulted in a total of $11 billion in total value locked.
Aave Surpasses $1.7 Billion TVL Taking Number One Spot From Maker and Compound
Aave is taking the open finance sector by storm reaching number one on the Defi Pulse rankings, beating Maker and Compound.