Decentralized finance lending has surged to unprecedented levels, with Galaxy Digital’s latest research revealing DeFi outstanding loans reached $40.99 billion in the third quarter, marking a 54.84% quarterly increase. This explosive growth has pushed DeFi’s market share to a record 62.71% of the crypto lending sector, fundamentally reshaping the landscape away from traditional centralized platforms and establishing new all-time highs across multiple metrics.
about DeFi Lending Hits Record $41B, Dominates Crypto MarketLedn
0 in Finance and 0 in Crypto last weekTether Invests in Bitcoin-Backed Loans Platform Ledn
Stablecoin giant Tether has made a strategic investment in Ledn, a global platform specializing in Bitcoin-collateralized loans, signaling accelerating institutional confidence in crypto-backed lending services. This funding targets the development of financial infrastructure that enables businesses and individuals to access liquidity and credit against their Bitcoin holdings without requiring them to sell their cryptocurrency exposure, marking a significant milestone in the convergence of traditional finance and digital assets.
about Tether Invests in Bitcoin-Backed Loans Platform LednTether Invests in Bitcoin Lending Platform Ledn
Tether, the world’s largest stablecoin issuer, has made a strategic investment in Ledn, a leading Bitcoin-backed lending platform, marking a significant expansion into real-world credit markets. This partnership aims to provide credit access without requiring users to sell their digital assets, reinforcing Tether’s commitment to Bitcoin-based financial infrastructure at a time when the crypto-backed lending sector is projected to grow from $7.8 billion in 2024 to $60 billion by 2033.
about Tether Invests in Bitcoin Lending Platform LednWall Street Races to Build Stablecoin Infrastructure
Major financial institutions are accelerating their stablecoin initiatives as new regulations approach, with Citigroup and Western Union leading the charge through ambitious blockchain payment projects. This institutional momentum follows the passage of the US GENIUS Act, expected to take effect in early 2027, while Bitcoin miners and lenders navigate a transformed post-halving landscape marked by increased competition and growing adoption of crypto-backed lending.
about Wall Street Races to Build Stablecoin InfrastructureLedn Hits $2.8B in Crypto Loans Amid Bull Market
Digital asset lender Ledn has reached a major milestone, facilitating $2.8 billion in cumulative crypto-backed loans as investors increasingly leverage their holdings during the current bull market. The company reported record quarterly performance with $392 million in Bitcoin-backed loans originated in Q3 alone, pushing year-to-date originations past $1 billion. This surge in borrowing activity highlights growing institutional and retail adoption of crypto-collateralized lending products across more than 100 countries worldwide.
about Ledn Hits $2.8B in Crypto Loans Amid Bull MarketBitcoin Flat as Congress Races to Avert Government Shutdown
Bitcoin and Ethereum showed remarkable stability Tuesday morning as U.S. lawmakers raced against a government shutdown deadline, with Bitcoin trading at $113,435 and Ethereum at $4,153 according to CoinGecko data. While prediction markets revealed growing bearish sentiment among traders—85% expecting significant Bitcoin declines—industry experts like Ledn’s John Glover pointed to historical precedents suggesting any price dips could present buying opportunities, mirroring market reactions during previous Trump-era shutdowns.
about Bitcoin Flat as Congress Races to Avert Government ShutdownTop Crypto Lending Platforms in Australia for 2024
Australian cryptocurrency investors seeking to earn passive income on their digital assets now have multiple lending platforms to choose from. These services offer competitive interest rates while allowing users to maintain ownership of their crypto holdings. From Bitcoin-specific options to multi-currency platforms, here are the top contenders in the Australian market that enable hodlers to grow their portfolios despite market volatility.
about Top Crypto Lending Platforms in Australia for 2024Bitcoin Awaits PCE Data as Fed Rate Cut Odds Shift
Bitcoin traded at $111,336, down 1.8% over 24 hours and 5.4% for the week, as the cryptocurrency market braces for Thursday’s release of the Personal Consumption Expenditures (PCE) inflation data. This key Federal Reserve gauge is expected to heavily influence whether the central bank proceeds with a widely anticipated interest rate cut next month. Market sentiment, as measured by prediction platform Myriad, shows 61% of users expect BTC to decline to $105,000 before attempting new highs, reflecting cautious short-term positioning amid identifiable selling pressure between $115,000 and $119,000.
about Bitcoin Awaits PCE Data as Fed Rate Cut Odds ShiftBitcoin Dominance Dips as Altcoins Rally Ahead of ETF Approvals
Bitcoin’s market dominance has slipped to 57.79% as traders rotate into altcoins anticipating new ETF approvals. Despite the shift, analysts maintain bullish Bitcoin forecasts of $140K-$145K by year-end, citing continued institutional inflows exceeding $2 billion this week alone.
about Bitcoin Dominance Dips as Altcoins Rally Ahead of ETF ApprovalsVenezuela’s 229% Inflation Drives USDt Stablecoin Adoption
Venezuela is experiencing a dramatic shift toward stablecoin adoption as hyperinflation renders the national bolívar practically useless in daily commerce. With inflation reaching 229%, Tether’s USDt—locally known as ‘Binance dollars’—has become the preferred medium of exchange for everything from grocery purchases and condo fees to salary payments and vendor transactions. The collapse of Venezuela’s financial system, characterized by strict capital controls and a fractured exchange rate landscape, has driven millions to embrace cryptocurrency as a more stable alternative to cash or local bank transfers. This represents a significant evolution from stablecoins being used primarily by crypto-savvy users to becoming mainstream financial tools for survival in an economic crisis.
about Venezuela's 229% Inflation Drives USDt Stablecoin AdoptionBitcoin Hits $112K ATH: Rally Faces Key Test
Bitcoin (BTC) reached a record high of $112,022, overcoming previous resistance levels. John Glover of Ledn noted the rally as a retest of May’s peak, with profit-taking and corporate Bitcoin purchases influencing market dynamics. Sid Powell of Maple highlighted macroeconomic risks, including trade negotiations and Fed rate decisions, as key factors for Bitcoin’s future. Market analyst Doctor Profit predicts a potential surge to $120,000–$130,000, outlining two scenarios: a correction to $92,000–$93,000 before a rebound or a direct breakout past $114,000. Bitcoin’s next move hinges on the $113,000–$114,000 range, with current support forming near $111,422.
about Bitcoin Hits $112K ATH: Rally Faces Key TestBitcoin’s $100K Stalemate: Whales Dump, Treasuries Buy
Bitcoin’s stagnation above $100,000 reflects a complex redistribution, with long-term holders (LTHs) offloading positions to corporate treasuries and institutional buyers, according to analysts like Charles Edwards of Capriole Investments. On-chain data shows aggressive accumulation by 6M+ holders, historically a bullish signal, though broader fragility remains. The ETF boom may fuel redistribution rather than net demand, as OTC desk activity bypasses order books, dampening price impact. Early adopters may also be migrating to ETFs or traditional custody, though Edwards disputes this as the primary driver. Market fragmentation means large orders have uneven effects, explaining why ETF inflows haven’t pushed prices higher. The flywheel of treasury adoption has momentum, but volatility may loom as consolidation phases often precede major moves. BTC traded at $108,044 at press time.
about Bitcoin's $100K Stalemate: Whales Dump, Treasuries Buy