ChainCatcher news, Coinbase announced on the X platform that after launching Bitcoin-based loans for U.S. users (excluding New York State), it has lent out 100 million USDC in less than 100 days.

ChainCatcher news, the Federal Reserve has announced the withdrawal of regulatory guidance regarding banks' cryptocurrency assets and dollar token operations, and has simultaneously updated the relevant business expectation standards.Finance Feeds special contributor Damilola Esebame analyzes that this move by the Federal Reserve signifies a broader legitimization of Bitcoin in the eyes of regulators, surpassing mere banking policies. It helps the Federal Reserve accelerate the realization of a vision where Bitcoin is as easily accessible and secure as traditional fiat currency, which may mean that Bitcoin checking accounts, cryptocurrency-backed loans, and the conversion between cryptocurrency and fiat currency will be integrated into traditional banking operations faster than expected.

ChainCatcher news, Bitdeer is increasing its financial leverage and fully promoting its Bitcoin ASIC miner manufacturing plan.According to its latest annual report, the company has raised a total of $179 million through loans and stock issuance. The company has signed a loan agreement with Matrixport for up to $200 million and issued over 6 million Class A shares earlier this year, raising $118.8 million.

ChainCatcher news, according to CoinDesk, Galaxy Research reports that the size of the crypto lending market in Q4 2024 is $36.5 billion, a 43% decrease from the peak of $64.4 billion during the 2021 bull market.Tether, Galaxy, and Ledn hold nearly 90% of the $11.2 billion in outstanding loans from CeFi centralized lending institutions, with CeFi loans down 68% from the peak of $34.8 billion in early 2022.

ChainCatcher message, on-chain detective ZachXBT posted on platform X stating: "I have been hearing two names associated with the Mantra incident: Denko (founder of Reef Finance) and Fukogoryushu. It is alleged that in the days leading up to the 90% drop of OM that triggered the collapse, they had contacted some individuals, asking them to take out large loans using OM as collateral.For those unfamiliar with Reef Finance, the project was delisted from Binance in October 2024 and had previously engaged in an $80 million over-the-counter transaction with Alameda in 2021. REEF has also experienced similar market manipulation incidents in the past."

ChainCatcher news, according to Ember monitoring, a giant whale that was on the verge of liquidation sold another 9,000 ETH for 14.01 million USDT in the past 20 minutes.In total, it has sold 35,881 ETH for 56.05 million dollars in the past 2 hours, with an average selling price of 1,562 dollars, and currently holds only 2,688 ETH.

ChainCatcher news, according to CryptoSlate, the Bank of Canada released an internal research discussion paper on March 21, analyzing flash loans and their policy relevance and potential risks. The research report defines flash loans as blockchain-native financial instruments that allow users to borrow crypto assets without collateral, provided that the loan must be repaid within a single atomic transaction.It is noteworthy that such internal discussion papers represent the central bank's comprehensive research outcomes on important issues and fall within the broad responsibilities of the Bank of Canada to assess the impact of emerging technologies on financial stability and market structure.Report author Jack Mandin points out that although flash loans are currently limited to blockchain networks, their underlying concept could extend to tokenized financial infrastructure if technical conditions are met. Such concepts include atomic risk-free lending, which could give rise to new systems supporting atomic transactions and programmable assets. The research also raises concerns about financial stability. If financial institutions begin to integrate smart contract lending, it could directly trigger risks.Furthermore, when blockchain assets (including those involved in flash loan activities) are embedded in traditional financial products (such as exchange-traded funds), it may create systemic risks.

ChainCatcher message, CertiK issued an alert that it detected an exploit incident involving flash loans and the NFT market. The suspicious transaction contains complex logical operations on a certain protocol. CertiK stated that the impact of this incident is the exploitation of NFT market logic, but it will not directly deplete funds. Projects with delegated quoting logic should remain vigilant and check access permissions and validation checks.

ChainCatcher news, the lending protocol 3Jane tweeted the release of its white paper, which allows users to borrow with 0 collateral. The white paper indicates that 3Jane provides funding based on verifiable financial proofs rather than on-chain collateral.In addition, it utilizes zkTLS (zero-knowledge TLS) to connect on-chain and off-chain credit data for more accurate risk assessment. Bad loans are handled through on-chain auctions, with bids from U.S. debt collection agencies.

ChainCatcher news, according to the official announcement, Binance VIP loans have added MyShell (SHELL) as a loanable asset. Users can refer to VIP loans to check the latest interest rates and the complete list of loanable and collateral assets.

ChainCatcher message, Yuga Labs co-founder Greg Solano tweeted that someone used a flash loan to fake a bid in the Punks market.Previously, CryptoPunks Bot tweeted that the new bid for Punk 5822 is 8,888 ETH ($19,587,819.67), made by 0xe62ae5.

ChainCatcher message, in response to the community rumor that "Binance is providing ETH loans to Bybit," Binance founder Zhao Changpeng stated that these are user trading activities, and it is possible that some whale investors are providing loans to Bybit, and Binance cannot take credit for this.

ChainCatcher message, Bybit CEO Ben Zhou shared in a live broadcast: "Currently, we will not purchase Ethereum, and we are considering obtaining bridge loans from partners to make up for the stolen funds, 80% has already been secured."

ChainCatcher news, the People's Court of Tongzhou District, Nantong City, Jiangsu Province, heard a case regarding the conversion of virtual currency investment funds into a loan, rejecting the repayment lawsuit request from the plaintiff Han. Han and Ji were friends, and Ji suggested Han invest in Tether, claiming it could yield high returns. Han purchased 2,000 Tether through a platform, with Ji managing the investment on his behalf.However, Ji did not fulfill his promise, prompting Han to report to the police and reach an agreement with Ji to convert the virtual currency trading relationship into a loan relationship. Ji issued an IOU promising repayment but failed to repay, leading Han to file a lawsuit.The court held that Tether is not legal tender and lacks the characteristics of legal repayment, making the loan agreement invalid. Even though the parties had converted the virtual currency trading into a loan relationship, the court also found that virtual currency investment activities are not protected by law, and the losses should be borne by Han. Ultimately, the court ruled to dismiss Han's lawsuit request.

ChainCatcher news, WhaleWire founder Jacob King posted on social media that the main reason for the sharp decline in stock futures is that yen arbitrage traders have to sell off assets, and this week could be very bloody.Jacob explained that in August 2024, Japan raised interest rates from 0.1% to 0.25%, leading to a flash crash. Now, Japan has raised interest rates to 0.5%, with a 2-year yield of 0.71%. Japan's higher interest rates are ending yen arbitrage trading, where investors borrow cheap yen to invest in other assets. Now, borrowing costs are rising, which means they have to sell assets to repay loans.

ChainCatcher message, X user TCB posted that the THORChain network is still running, and its performance meets expectations, only the savings and loan functions have been suspended.

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.