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 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.