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, Roam in collaboration with Huma Finance has launched the Roam Loan Program, allowing users to purchase Roam router devices with just a 30% down payment and participate in the construction of a global open wireless network.Currently, the Roam Loan Program supports stablecoin installment payment options. Users only need to pay 30% of the device price as a down payment, while the remaining 70% is financed by Huma. Users will repay the loan through airdrops and mining rewards, and once the loan is settled, the device earnings will belong to the user. Router users will have the opportunity to earn generous rewards: 1) Activating the router for the first time will earn 3000 Roam Points, and thereafter users can earn up to 210 Roam Points daily; 2) Router users will have a dedicated burn pool to ensure their mining rewards; 3) Before the TGE, purchasing a router will also allow participation in an airdrop event totaling 20 million $ROAM tokens. The Roam Loan Program, as the first product of Roam Growth Phase 1, lowers the hardware purchase threshold through installment payments, helping more users participate in Roam Growth construction. Meanwhile, Huma Finance users will also leverage on-chain PayFi tools to participate in DePIN network construction and earn stable returns.Latest data shows that Roam serves over 1.8 million registered users in more than 200 countries and regions, with the number of self-built WiFi nodes exceeding 1.1 million, and the DePINscan hardware node ranking consistently maintaining the first position, with the network scale continuously growing.

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 Jinshi reports, U.S. Senator Cynthia Lummis's previously proposed funding plan for Bitcoin purchases partially relies on the large gold heritage owned by the United States—these gold reserves were left over from the era when the dollar was pegged to precious metals, allowing dollar holders to exchange dollars for gold at a fixed price.Although the dollar has not been convertible to gold since the early 1970s, the Treasury and the Federal Reserve still hold about 8,100 tons of gold. The government values this gold at $42 per ounce, which is far below the current market price of $2,650.Cynthia Lummis hopes the Treasury can reassess this gold at current market prices and use the paper profits to fund Bitcoin purchases without raising taxes or issuing new national debt. However, critics point out that this operation is not a free lunch; it would require the Federal Reserve to cover the difference between the gold certificates held by the Treasury and the new valuation through a combination of printing money and asset sales.Monetary economist George Selgin argues that this operation amounts to a "backdoor loan" from the government, bypassing the regular appropriation process to avoid new debt and obscuring the truth. Lummis's bill relies heavily on gilded magic, and George Selgin said, "What better way to win public support than to make people believe this plan won't cost a dime?"

ChainCatcher news, according to Cyvers Alerts monitoring, the USDC lending contract of Moonwell on the Optimism network has suffered a flash loan attack. The attacker used a malicious contract address as mToken to obtain unauthorized token approvals from Moonhackers, thereby stealing funds. The attacker received funding support through Tornado Cash on the Ethereum network, and the stolen USDC has been exchanged for DAI, which is currently stored in the attacker's wallet.

ChainCatcher message, according to CertiK Alert monitoring, the Moonhacker contract has suffered a flash loan attack, with current losses of approximately $320,000. The vulnerability is located in the Moonwell lending pool on Optimism. The attacker input the contract address as "mToken" to gain additional token authorization from Moonhackers and deplete it.

ChainCatcher news, according to Cointelegraph, El Salvador has reached a $1.4 billion loan agreement with the International Monetary Fund (IMF), planning to receive funding support over the next 40 months. As part of the agreement, the country will make it voluntary for merchants to accept Bitcoin payments, while gradually reducing the government's involvement in Bitcoin-related projects, including a phased withdrawal from the management of the state-supported wallet app Chivo.The IMF stated that this move will significantly reduce the potential risks associated with Bitcoin projects, while clearly stipulating that the public sector's participation is limited to specific activities within the Bitcoin economy. Additionally, taxes will be paid only in U.S. dollars, not in Bitcoin. The agreement still requires approval from the IMF's executive board, marking the end of a four-year negotiation with the IMF since El Salvador adopted Bitcoin as legal tender in June 2021. The IMF has previously warned that the speculative nature of Bitcoin could pose financial risks to the country. The agreement will also facilitate additional financing from institutions such as the World Bank, with total financing exceeding $3.5 billion.Nevertheless, El Salvador's presidential Bitcoin advisor Max Keiser expressed disdain on social media platform X, stating that the use of Bitcoin in the country "has never been so active and continues to grow." However, surveys show that 92% of Salvadorans have not used Bitcoin for transactions, an increase from 88% in 2023.

ChainCatcher news, El Salvador has reached an agreement with the International Monetary Fund (IMF) after four years of tense negotiations due to the country's acceptance of Bitcoin as legal tender.According to a statement from the IMF, the two parties have agreed on a $1.4 billion loan program that will be disbursed over 40 months. In exchange, El Salvador has agreed to take measures to improve its primary balance and help reduce its debt-to-GDP ratio. The IMF praised the government's efforts to improve fiscal conditions, develop the economy, reduce inflation, and manage short-term debt.As part of the agreement, the country will make it voluntary for merchants to accept Bitcoin payments while gradually reducing the government's involvement in Bitcoin-related projects, including a phased withdrawal from the management of the state-supported wallet app Chivo.

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.

According to ChainCatcher news and the China Court website, the People's Court of Xiangyin County, Hunan Province, recently heard a case involving the repayment of a loan with virtual currency. The court ruled that virtual currency does not have the same legal status and enforceability as legal tender, and the borrower's use of virtual currency to repay the debt is invalid.The case shows that the debtor, Wang, used virtual currency to repay a debt of 20,000 yuan through the "TR Foreign Currency Platform," which was later identified by public security authorities as being involved in virtual currency network pyramid schemes. The court cited the notice issued by the central bank and ten other departments in September 2021, titled "Notice on Further Preventing and Handling Risks of Speculation in Virtual Currency Transactions," and determined that the repayment behavior violated financial management order.The court emphasized that any legal person, non-legal person organization, or natural person investing in virtual currency and related derivatives in violation of public order and good customs will have their related civil legal acts deemed invalid, and any resulting losses must be borne by themselves. The final judgment of this case requires the debtor to fulfill the repayment obligation in legal tender.

ChainCatcher news, Bitcoin mining company Cipher Mining has expanded its existing credit line with Coinbase and established a new term loan mechanism, hoping to strengthen its debt financing channels.Cipher first signed a credit line agreement with Coinbase in August 2023, using Bitcoin assets as collateral, with a limit of $10 million. As of September 30, the company had not drawn any funds from the institution. In its latest quarterly report submitted on Wednesday, Cipher stated that after September 30, it increased the credit line to $15 million and established a new term loan mechanism with Coinbase with a maximum of $35 million. It is currently unclear whether Cipher has utilized these loan mechanisms since October.

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 Ember monitoring, in the last 2 days, a whale that purchased AAVE through a loop loan has spent a total of 9.29 million dollars to buy 60,623 AAVE at an average price of 153.2 dollars.Among them, 4.7 million dollars was borrowed from the Aave platform through a loop loan.

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, U.S. Vice President Harris is strengthening her outreach to Black male voters, promising to provide pathways for economic security. Meanwhile, polls show that Trump is gaining support among Black voters. On Monday, Harris proposed a new plan to provide loans to Black entrepreneurs and others facing barriers to financing. According to Harris's campaign outline to attract Black male voters, the plan will offer 1 million loans, with up to $20,000 potentially forgivable.Harris also pledged to support a regulatory framework for cryptocurrency, providing more investment certainty for 20% of Black Americans who own or have owned digital assets. She stated that she would work with Congress to legalize recreational marijuana and ensure that Black men can start businesses and find employment in the thriving cannabis industry.A poll conducted by Siena College and published by The New York Times on October 12 shows that about 15% of Black voters say they plan to vote for Trump in this election, an increase of 6 percentage points from 2020. Harris's support among Black voters is higher than President Biden's support before he withdrew from the race in July. Nevertheless, the narrow gap with Trump has Democrats worried that even losing a small portion of Black votes could be a fatal blow to Harris's campaign.

According to ChainCatcher news, on-chain analyst Yu Jin monitored that a whale bought 45,377 AAVE (6.92 million USD) through a loop loan in the last 30 hours, with an average price of 152.5 USD.He collateralized AAVE to borrow stablecoins, then transferred them to Coinbase to buy AAVE back to the address for continued collateralized borrowing of AAVE.In the past 30 hours, he borrowed 6.92 million U stablecoins and transferred them to Coinbase to buy 45,377 AAVE.

ChainCatcher news, the International Monetary Fund (IMF) recommends that El Salvador narrow the scope of its Bitcoin law and strengthen regulatory oversight in ongoing negotiations regarding a potential loan program.The organization expressed concerns about the potential risks associated with El Salvador's adoption of Bitcoin, which is a key issue in the negotiations for the country's new loan program aimed at creating a policy framework that helps enhance productivity and strengthen economic reforms.

ChainCatcher news, Bitcoin mining company Hut8 repaid approximately $38 million of its loan balance obtained from Anchorage Digital through stock conversion. Anchorage Digital converted the debt into common stock at a price of $16.395 per share.Hut8's remaining debt includes $150 million in convertible notes agreed upon with Coatue Management in June, specifically for the company's expansion into the artificial intelligence computing market.