ChainCatcher news, according to The Block, Bitcoin mining company MARA disclosed in its December production report that it has used 7,377 Bitcoins (approximately $730 million) for short-term third-party lending, accounting for 16.4% of its reserves, to achieve a "single-digit" yield.According to the announcement, MARA purchased 22,065 Bitcoins at an average price of $87,205 in 2024, while mining 9,457 Bitcoins, bringing its total reserves to 44,893 Bitcoins, valued at over $4.4 billion at current prices. The company has exceeded its target of 50 EH/s in computing power, peaking at 53.2 EH/s.MARA's Vice President of Investor Relations, Robert Samuels, stated that the lending program began in 2024, primarily in collaboration with well-known third-party institutions. CEO Fred Thiel emphasized that the dual strategy of mining and purchasing provides greater flexibility for the company and helps enhance long-term shareholder value.

ChainCatcher news reports that the delinquency rate for credit loans on cryptocurrency accounts at K Bank, a South Korean bank, has reached an all-time high. K Bank is the affiliated bank for the Korean won accounts of Upbit, the leading cryptocurrency exchange in South Korea, which accounts for over 70% of the country's cryptocurrency trading volume.After two consecutive failed listings, K Bank is preparing for an IPO next year. It has been pointed out that its over-reliance on Upbit and poor stability indicators may become obstacles to its listing.Data submitted today by the office of Kim Jae-seop, a member of the National Assembly's Political Committee and a member of the People Power Party, to the Financial Supervisory Service shows that as of the third quarter of this year, the delinquency rate for personal credit loans utilizing cryptocurrency-related accounts at K Bank is 1.28%, with a delinquent balance of 47.4 billion won. Since the bank launched cryptocurrency-linked accounts in June 2020, both the delinquency rate and delinquent balance have continuously reached new highs.It is reported that K Bank will restart its listing process next month. The effectiveness of the preliminary review for listing obtained in August this year will remain valid until February next year, leading the industry to believe that K Bank may attempt to list again before then. Some analysts believe that the recent activity in the cryptocurrency market is beneficial for K Bank, as it can generate additional income by managing the assets of investors deposited on Upbit.

ChainCatcher news, according to Cryptonomist, a recent survey by Clarify Capital shows that the acceptance of cryptocurrency payments among business owners and employees has significantly increased. The survey covered 800 American employees and 200 business owners, with data indicating that 25% of business owners support the adoption of cryptocurrency loans, and it is expected that by 2025, 10% of businesses will choose crypto loans over traditional loans.In terms of salary payments, 10% of business owners are considering issuing cryptocurrency salaries, and 30% of employees expressed support. Among them, 72% of employees prefer to receive salaries in Bitcoin, while 43% choose Ethereum. Notably, 50% of Generation Z business owners support crypto loans, compared to only 15% of Baby Boomers. In the construction industry, 20% of contractors have accepted crypto payments, and 5% of contractors are willing to offer a 10% discount for crypto payments.

ChainCatcher message, according to the Tether's Q3 2024 attestation report, the total scale of secured loans in its reserves reached $6.72 billion, exceeding the "excess" funds in the reserves, which totaled only $6.1 billion. This means that Tether (USDT) is again partially supported by these secured loans. The report indicates that the secured loans are fully backed by liquid assets and are monitored regularly, measured at amortized cost (the nominal value of short-term secured loans), and any expected credit loss provisions are adjusted in accordance with IFRS 9.However, it is important to note that Tether Group's total "equity" of approximately $14 billion still exceeds the scale of secured loans.

ChainCatcher news, according to data from IntoTheBlock, the total amount of high-risk loans (defined as loans with a liquidation price within 5%) rose to $55 million on Wednesday, reaching the highest level since June 2022. Loans within a 5% liquidation price mean that if the collateral price drops by 5%, it will no longer cover the loan, triggering a liquidation.IntoTheBlock stated in a market update: "Massive liquidations could affect the value of collateral, putting more loans at risk of liquidation, leading to a price spiral decline."

ChainCatcher news, according to market news, Tether is exploring the possibility of providing loans to commodity trading companies.

ChainCatcher news, according to Tree News, stablecoin issuer Tether plans to explore providing loans to commodity trading companies.

ChainCatcher news, according to on-chain analyst Yu Jin's monitoring, ETH/BTC long position James Fickel continued to reduce his position last night: selling 11,535 ETH (27.06 million USD) for 449.5 WBTC to lower his position.Since he started reducing his position on 8/11, he has sold a total of 38,685 ETH (93.8 million USD) for 1,557.8 WBTC to repay his loan on Aave.At its peak, his WBTC loan on Aave reached 2,865 (172 million USD), and there is currently an outstanding loan of 1,308.8 (78.71 million USD), having reduced more than half of his ETH/BTC long position in 37 days.

ChainCatcher message, on-chain data analyst Yu Jin monitoring pointed out that the "dead bull" James Fickel sold another 3000 ETH last night after the drop in the ETH/BTC exchange rate and exchanged it for 124 WBTC to repay his loan.Currently, Fickel's long position in the ETH/BTC exchange rate has significantly depreciated as the ETH/BTC exchange rate continues to decline. At its peak, he borrowed and sold as many as 2981 WBTC at the end of May, which is now down to 2316.

ChainCatcher news, cryptocurrency exchange Binance announced the addition of Self Chain (SLF) and Toncoin (TON) as borrowable assets in its Binance Loan (floating rate) product. At the same time, the VIP loan service has also added these two cryptocurrencies.

ChainCatcher news, according to the official announcement, based on the latest assessment results, Binance will stop the fixed interest rate service for 7-day and 30-day staking loans on September 2, 2024, at 12:00 (UTC+8).Starting from September 2, 2024, at 12:00 (UTC+8), users will not be able to create new fixed interest rate orders for staking loans or extend existing orders, including users using the SAPI endpoint. It is recommended to stop using the relevant endpoints before the above date. Ongoing fixed interest rate orders for staking loans will not be affected until the orders expire.Note: VIP loan fixed interest rate orders are not affected by this service update.

ChainCatcher news, the digital lending platform Ledn has announced that it has secured a $50 million Bitcoin-backed syndicated loan, which will be used to "drive the growth of Ledn's retail lending business."The loan comes from the Sygnum Bank Group, a global digital asset bank that manages $4.5 billion in client assets.Adam Reeds, CEO and co-founder of Ledn, stated, "As digital assets inevitably integrate into mainstream financial markets, we view this pilot transaction as the first of many syndicated loans."It is reported that a syndicated loan is a loan provided by a group of lenders, arranged and managed by one or more commercial banks or investment banks.

ChainCatcher news, one of Brazil's largest cryptocurrency exchanges, Mercado Bitcoin, has announced the launch of a lending product that uses cryptocurrency as collateral, which will be paid to users in the local currency. This is the company's first such product, having received a payment institution license from the central bank last year.To avoid high risks associated with clearing, Mercado Bitcoin will limit loans to 30% of the holdings of exchange users. The exchange holds over $900 million in crypto assets, which means a credit capacity of over $300 million.

According to ChainCatcher news, monitoring by Ember revealed that a giant whale sold 15,000 ETH and 193.4 WBTC on-chain last night during the market downturn, converting them into 59.98 million USDC to repay loans and clear leverage.Sold 15,444 ETH for 47.84 million USDC, selling price $3,098;Sold 193.4 WBTC for 12.13 million USDC, selling price $62,742.Then repaid a loan of 59.31 million USDC on Aave.Now, after completely unwinding the leverage, he holds 16,082 ETH ($51.1 million) and 550 WBTC ($35.86 million).

ChainCatcher news, according to CoinDesk, the crypto lending platform Ledn issued over $1.16 billion in digital asset loans in the first half of 2024. In January of this year, the U.S. approved a spot Bitcoin ETF, which subsequently led to a rise in the price of Bitcoin, the world's largest cryptocurrency. This stimulated institutional clients to adopt the technology and allowed Ledn to process hundreds of millions in ETF market maker loans.The company noted that an increasing number of clients are using digital asset-backed loans for tax reasons, as borrowing against cryptocurrency collateral is often considered a tax-free event.

ChainCatcher news, the DeFi lending protocol Clearpool has launched on Arbitrum and has already issued a loan of $18 million to Flow Traders and liquidity provider Bastion Trading.Clearpool has also received ARB token funding from the Arbitrum Foundation to support the development and technical advancement of the protocol.

ChainCatcher news, according to on-chain analyst @ai_9684xtpa's monitoring, Abraxas Capital Mgmt has repaid all loans from Spark Protocol in the past 19 hours and has proposed 70,153 ETH, worth $244 million. Among them, 52,200 ETH has been deposited into Bitfinex, with 17,957 ETH remaining in the wallet.

ChainCatcher news, according to The Block, the crypto lending platform Ledn reported that it provided over $690 million in cryptocurrency loans in the first quarter, setting a record since its launch in 2018.Among them, Ledn provided $584 million in loans to institutions and over $100 million in loans to retail. Compared to the $125.7 million issued in the fourth quarter of 2023, institutional loans grew nearly fourfold, while loans issued to retail increased about seven times from the previous quarter's $14.6 million.The company stated that Ledn's loan growth was driven by demand from former Celsius customers and the launch of the U.S. spot Bitcoin ETF.

ChainCatcher message, Dune data shows that the total transaction volume of Blend, the NFT lending platform under Blur, has exceeded 6 billion dollars, currently reaching 6,048,459,706 dollars, with a total of 659,353 loans;The cumulative number of independent borrowers is 10,458, and the cumulative number of independent lenders is 4,447.The current total active loan amount is 3,347 loans, with an active loan amount of approximately 6,013 ETH.

ChainCatcher news, the latest data from Dune shows that the total transaction volume of Blend, the NFT lending platform under Blur, has exceeded $5.5 billion, reaching $5,539,191,390 to date, with a total of 610,066 loans; the cumulative number of unique borrowing users is 9,811, and the cumulative number of unique lending users is 4,358. The current total active loan volume is 3,841, with an active loan amount of approximately 7,231 ETH.