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 CoinDesk, the decentralized lending protocol Suilend announced the completion of a $4 million financing round, led by Robot Ventures, with participation from several venture capital firms and angel investors. Previously, the project raised $2 million in February of this year. Suilend founder Rooter stated that this financing will help the team maintain operations during a potential long-term bear market and ensure ample funding for the next four years.Suilend is the second largest DeFi protocol on the Sui chain, with a total value locked (TVL) of nearly $470 million, and it is also the largest lending protocol on the chain. In the past 30 days, its revenue has approached $820,000. Additionally, Suilend plans to launch its new token SAVE in the coming days, while continuing to expand its core product suite, including the recently launched liquid staking token project and the upcoming automated market maker (AMM).

ChainCatcher news, according to official sources, World Assets Ltd. (a subsidiary of the Worldcoin Foundation) has signed loan agreements with five trading companies operating outside the United States. These five entities have collectively received a loan of 10M WLD, with the relevant tokens set to mature on June 14, 2024 (or around that date). World Assets Ltd. has chosen to extend the term of the loan agreement by one year to June 14, 2025, while all other terms of the agreement remain unchanged.Upon maturity, each trading company must repay the loan in full.

ChainCatcher news, according to official sources, the Blast ecosystem lending protocol Orbit Protocol has announced a strategic investment from Manifold Trading, with the specific amount not yet disclosed.

ChainCatcher news, the Sui ecosystem lending protocol Scallop announced on social media that it has completed a $3 million strategic financing round, led jointly by THE CMS and 6MV, with participation from KuCoin Labs, 7UpDAO, Side Door Ventures, Oak Grove Ventures, Signum Capital, Blockchain Founders Fund, Cypher Capital Group, Mysten Labs, and Kyros Ventures.Scallop is the money market of the Sui ecosystem. By emphasizing institutional-grade quality, enhanced composability, and robust security, Scallop is committed to building a dynamic money market that offers high-interest lending, low-fee borrowing, AMM, and asset management tools on a unified platform, while providing SDKs for professional traders.

ChainCatcher message, the lending protocol Teller announced on platform X that it now supports the ERC 404 project Pandora and provides the PANDORA/USDC trading pair. Users can now use PANDORA tokens as collateral for loans.According to Coingecko data, Pandora is currently priced at $11,280.10, with a 24-hour increase of 23.6%.

ChainCatcher news, the crypto mining company Hut 8 has signed a revised and restated credit loan agreement with Coinbase for $65 million. Coinbase has additionally provided Hut 8 with a $15 million loan, bringing the total loan principal to $65 million. The new loan is expected to be used for general corporate purposes and will be funded at or shortly after the closing of the transaction.

According to ChainCatcher news, Worldcoin announced that it will terminate agreements with 5 market makers on December 15. Previously, they collectively received a loan of 100 million WLD. On December 15, according to the current agreement terms, the market makers will be required to return 75 million WLD. Therefore, the circulating supply on December 15 may decrease by up to 75 million WLD, depending on the number of tokens the market makers choose to return directly to World Assets Ltd instead of purchasing.In addition, World Assets Ltd. is finalizing new loan agreements with these 5 market makers, which will take effect on December 16. Under these agreements, the 5 market makers will receive a significantly smaller loan, with the current total loan amount being 10 million WLD for a term of 6 months. Thus, the circulating supply on December 16 will increase by 10 million WLD. After 6 months, each market maker must repay the loan in full. According to these new agreements, they are not allowed to choose to purchase any WLD from World Asset Ltd. Overall, the net impact on the circulating supply of WLD depends on how many tokens the market makers choose to purchase on December 15.

ChainCatcher message, the lending protocol Euler Finance left a message on-chain to the hacker saying: "If you do not return 90% of the funds within 24 hours, tomorrow we will offer a reward of $1 million for information that can lead to your arrest and the return of all funds."Previously, it was reported that the lending protocol Euler Finance was hacked, resulting in losses of up to $197 million. (source link)

ChainCatcher news, the lending protocol ParaSpace officially announced on Twitter that it is launching an APE staking reward program. Users can stake APE on ParaSpace for at least 2 weeks, and the Gas fees for transfers and automatic compounding will be reimbursed.Previously, as an innovative NFT lending platform based on the Ethereum ecosystem, ParaSpace developed a complete set of products to open up the Ethereum NFT lending market for Ape Staking, and initiated an additional 30% APY mining reward for APE tokens during the pre-staking phase to incentivize early user participation. (Source link)

ChainCatcher News: A judge in Texas will approve a $70 million loan from B. Riley Commercial Capital to the bankrupt Bitcoin mining company Core Scientific, agreeing to establish an official committee to represent shareholders' interests in the bankruptcy case, and awaiting the committee's budget. A corresponding hearing will be held on Friday to discuss the appointment of the shareholders' committee, and there must also be an agreement on the final budget for the DIP financing.Earlier reports indicated that in early February, Core Scientific reached a new $70 million loan agreement with B. Riley. (CoinDesk)

ChainCatcher news, according to CryptoSlate, Voyager's attorneys recently submitted new court documents to issue subpoenas to SBF and other Alameda and FTX executives, requesting documents and communications related to Alameda Ventures and the Voyager loan agreements.In addition, Voyager's attorneys requested all documents related to the fraud case being handled by the U.S. Department of Justice and the U.S. Securities and Exchange Commission (SEC), the plea documents of Caroline Ellison and Gary Wang, and documents related to FTX's new CEO John J. Ray III and his statements. The attorneys also requested any text messages, Slack, Telegram, and Signal messages exchanged between these individuals, as well as SBF's communications with Binance founder Changpeng Zhao on Twitter on July 24, 2022. (source link)

ChainCatcher news, according to The Block, Bitcoin mining company Core Scientific has reached a new $70 million loan agreement with B. Riley to replace the $75 million debtor-in-possession (DIP) loan obtained from convertible noteholders as part of its pre-arranged bankruptcy deal. The court will hold a hearing today to decide whether to approve the application. (source link)

ChainCatcher news, according to The Block, Gemini stated in an email to clients that it will terminate its customer loan agreement with Genesis and will end the Earn financial product. Gemini indicated that it will prioritize the return of customer funds and "operate in the most urgent manner." Existing redemption requests and Gemini's ability to recover customer assets are not affected by the resolution of the loan agreement.Gemini stated that it will provide updates at least every Tuesday and Friday, "until a resolution is reached." (The Block)