AI Evaluation Drives $650M Onchain Credit
@Trad.Fi and @W3 are deploying $650M in onchain private credit over 48 months, utilizing AI for risk evaluation in U.S. equipment financing. #Update #Crypto $AVAX
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Credit Markets Move Onchain with $175 Million Investment
@Morpho raises $175M in funding co-led by Paradigm, a16z crypto, and Ribbit Capital to enhance its blockchain-based lending infrastructure, attracting institutional clients like Coinbase and Binance. #Update #Crypto $BTC $ETH
Bitcoin Inflows Plummet as AI Investments Surge
Bitcoin’s $BTC price has dropped to $63,271.85 amid declining capital flows and retail investors shifting focus to AI, with ETF outflows totaling $2.6 billion this year. #Update #Crypto $BTC
Bitcoin Dips to $62500 After Two-Day Rally
Bitcoin ($BTC) is down 1% to $62,500 amid a broader market rally, following a $36M exploit of the Humanity Protocol. U.S. inflation data is expected tomorrow. #Update #Crypto $BTC
Bitcoin Heist Exposes $36 Million Multisig Wallet
@HumanityProtocol reported a $36 million exploit due to a compromised laptop storing multisig wallet keys, allowing an attacker to drain 141 million H tokens on Ethereum and mint 200 million on BNB Chain. #Breaking #Crypto $H (-8) ↘
Blockchain Transforms Wall Street by 2030
@Brickken CEO Edwin Mata predicts Wall Street will fully adopt blockchain by 2030, warning that EU regulations hinder startups while Bullish’s $4.2B acquisition pushes tokenization forward. #Update #Crypto $BTC
Bitcoin Launches cirBTC to Compete with Coinbase
Circle Internet’s @Circle debuts cirBTC on Ethereum, a 1:1 backed synthetic bitcoin, to compete with Coinbase’s cbBTC and wBTC, targeting institutional investors. #Update #Crypto $BTC
Bitcoin Faces Trouble as USDT Golden Cross Signals Shift
USDT’s dominance rate surged 13.5% to 9%, indicating a shift into stablecoins as Bitcoin fell nearly 14%, suggesting risk aversion in the crypto market. #Update #Crypto $BTC
Stablecoin Credit Card Launches by Coinbase
@Cardless developed a payment card with @Coinbase for stablecoin holders lacking traditional credit access, allowing collateralized USDC holdings while earning yield. Card costs $49.99. #Update #Crypto $USDC
Bitcoin Steady Above $63000 as AI Stocks Rebound
Bitcoin is steady near $63,300, up 0.8%, while ether trades at $1,691, up 1.8%; however, all major tokens remain down this week with Bitcoin off 10.8%. #Update #Crypto $BTC $ETH
AI Stocks Plunge as Hyperliquid Gains Traction
Citrini Research names @Hyperliquid and its HYPE token a “compelling” investment, highlighting $1.06B in annual fees and a buyback mechanism amid market volatility. #Update #Crypto $HYPE
Aave Defends Resilience After $8.45B Bank Run
@Aave’s CEO Stani Kulechov defends the protocol’s resilience after a $292M exploit led to an $8.45B deposit run, revealing reliance on a $300M bailout and plans for V4 risk management overhaul. #Update #DeFi $AAVE
EU Compliance Costs Choke Web3 Innovation
The EU’s MiCA regulation imposes high compliance costs, hindering crypto startups while benefiting legacy financial institutions, warns @Ledger CTO Charles Guillemet. #Update #Crypto $BTC $ETH
Crypto Mogul Bankman-Fried Seeks Trump Pardon
Sam Bankman-Fried, former CEO of FTX, has formally requested a presidential pardon from Donald Trump while serving a 25-year sentence for fraud; his clemency application is currently under review. #Update #Legal $BTC