Circle launches Bitcoin-backed USDC borrowing, leaving liquidation risk with Morpho protocol

Eligible Circle Mint institutions can now deposit Bitcoin, turn it into wrapped cirBTC collateral, and borrow USDC through a Morpho lending market in one coordinated workflow.  Related Asset Bitcoin #1 BTC · $85,538.91 24-hour change: up 4.98% Loading price history… 24H Up 4.98% 7D Up 9.90% 30D Up 11.17%  Circle made the service live on Arc and Ethereum on Sept. 21, reducing the number of systems a treasury team must navigate to raise dollar liquidity without selling its Bitcoin.  The service remains limited to eligible institutions, excludes New York clients, and is subject to jurisdiction and eligibility. Circle Mint is the account interface, cirBTC is Circles tokenized claim backed by native Bitcoin, and Morpho supplies the third-party lending market.  Under Circles Digital Asset-Backed Borrowing service, customers deposit native BTC, mint cirBTC, and supply the token as collateral through a customer-controlled wallet. Borrowed USDC then settles into the customers Circle Mint balance.  Related Company Circle Global crypto finance company  Circle coordinates the experience, but the selected market determines borrowing costs, collateral limits, liquidation thresholds, available liquidity, and availability. Morphos documentation describes each market as its own combination of loan asset, collateral, oracle, interest-rate model, and liquidation loan-to-value limit.  Related Asset USDC USDC · Stablecoin  For a treasury team, the

09-22انڈسٹری

WikiBit Exchange Exit Risk Ranking #33 Pionex: The Bots Can Help You Make Money, But They Can’t Help You Unlock a 380,000 USDT Wallet

Introduction: An Exchange Where “The Bots Are Great, But Withdrawals Are a Nightmare”  In the first 32 installments, we dug into a wide range of exchanges, from HashKey to Ourbit. For the 33rd edition, were looking at one with perhaps the biggest split personality of them all — Pionex.  On the “product innovation” side, Pionex certainly has an impressive résumé: “incubated by BitUniverse in 2019,” backed by Gaorong Capital, Shunwei Capital, and ZhenFund, 16 free built-in trading bots, more than $60 billion in monthly trading volume, over 5 million users worldwide, a CoinGecko Trust Score of 8/10, monthly Proof of Reserves, a BTC reserve ratio of 142%, and U.S. FinCEN MSB registration.  Sounds like one of the stars of the automated trading sector, right?  But on the other side of the story, FX110 users have complained that “380,000 USDT has been frozen for a year and a half, while the platform requires a certificate from the Bangladeshi police — even though crypto trading is illegal locally, making it practically impossible for the police to cooperate.”  Pionex also has a 2.5/5 rating on Trustpilot, classified as “Poor,” with one user claiming that a $1,002 deposit was “indefinitely withheld as compensation for damages.” BrokerDefense has described it

09-22گہرا غوطہ

Kakao Pay, KakaoBank to explore stablecoin opportunities with Fireblocks

South Korean financial companies Kakao Pay and KakaoBank have signed a memorandum of understanding (MoU) with crypto infrastructure provider Fireblocks to explore digital asset opportunities, including stablecoins.  Under the agreement, the companies will conduct proof-of-concept tests for digital asset infrastructure suited to South Korea‘s regulatory, security and service requirements. The initiative aims to help establish secure onchain infrastructure for the country’s emerging digital asset market.  The announcement on Monday did not include a launch, investment or implementation timeline.  Kakao Pay operates mobile payments and financial services, while KakaoBank is one of South Koreas largest internet-only banks. Both are part of the broader Kakao ecosystem. Meanwhile, Fireblocks provides digital asset infrastructure to more than 2,500 institutions, including over 100 banks, according to the company.  The agreement follows a separate memorandum signed by Kakao Group and stablecoin issuer Circle. In July, the two companies signed an MoU to explore blockchain-based payment infrastructure and digital asset technology. The collaboration included examining opportunities around won-denominated stablecoins and related services.  Kakao Pay and KakaoBank are among several South Korean financial and technology companies exploring stablecoin opportunities as the country develops its regulatory framework for digital assets.  In May, KB Financial Group completed a won-denominated stablecoin pilot covering issuance, offline merchant payments

09-22انڈسٹری

Ethereum just had the best Q3 since 2016 - 'ETH is ready to explode!'

Ethereum [ETH] has finally broken the long-standing resistance level at $2500 and was trading at $2,716.86 at press time after a hike of 5.7% in the past 24 hours.  Going back to the levels last seen in the month of February 2026, ETH marked an unusually strong Q3 performance.  According to CoinGlass quarterly returns chart, Ethereum is up 67.57% in Q3 2026 with nine days still left for the September to end, making this the strongest third quarter since 2016.  Source: CoinGlass  This followed ETH suffering two consecutive negative quarters in the first half of 2026, losing roughly 29% in Q1 and another 25% in Q2.  ETHs staking and exchange reserve sparks concern  However, this was in direct contrast to Ethereums validator exit queue, which reached 132,832 ETH – the highest level in three months. In other words, more validators are waiting to withdraw their staked ETH, signaling increased potential selling pressure.  Source: Validator Queue  But, according to Alphractal, Bitcoin exchange reserves are rising, while Ethereum exchange reserves are declining. This means that less ETH is readily available to sell, which can signal reduced immediate selling pressure.  Remarking on the same, Joao Wedson, Alphractals Founder and CEO, said,  Bitcoin and Ethereum are currently showing opposite behavior in their exchange reserves.  Source:

09-22انڈسٹری

British Pound consolidates vs USD as Fed-BoE split keeps bias bearish

The GBP/USD pair consolidates above mid-1.3300s during the Asian session on Tuesday and remains within striking distance of its lowest level since July 30, touched last week. Moreover, the fundamental backdrop seems tilted in favor of bearish traders and suggests that the path of least resistance for spot prices is to the downside.  The US Dollar (USD) retains its bullish bias near the highest level since late July amid the hawkish Federal Reserve (Fed) and escalating Middle East tensions. In fact, the US central bank signaled at least one more hike this year after raising interest rates for the first time in over three years. This marks a significant divergence in comparison to the Bank of England‘s (BoE) cautious on-hold decision and gradual easing bias, which contributes to the British Pound’s (GBP) relative underperformance and acts as a tailwind for the GBP/USD pair.  On the geopolitical front, Irans Islamic Revolutionary Guard Corps (IRGC) warned on Monday that any new military attack will trigger a response fought across a different geographical area and with different weapons. This further underpins the safe-haven Greenback and validates the near-term negative outlook for the GBP/USD pair. However, the recent pullback in oil prices eased inflationary concerns, leading

09-22انڈسٹری

Ethereum Price Prediction: $3K Breakout Puts $45K Call in Focus for ETH

Key InsightsEthereum price prediction strengthened as ETH moved above $2,700.ETH futures open interest remained near $34.3 billion.Analyst targets ranged from $3,000 to a speculative $45,000.  Ethereum traded above former resistance on Sept. 21 as buyers extended the September recovery across major spot markets. The Ethereum Price Prediction now centers on $3,000 after ETH reclaimed $2,550 and moved above $2,700.  The move mattered because spot strength arrived alongside large futures positioning and renewed exchange-traded fund inflows. That combination supported upside momentum but also increased liquidation risk if ETH loses former resistance.  Ethereum Price Prediction Tracks Break Above $2,550  CoinGecko data showed Ethereum near $2,723 in its latest Sept. 21 snapshot. The asset had gained 5.6% over 24 hours and 8.0% across seven days. Trading volume reached about $18.77 billion, while market capitalization stood near $332.3 billion.  TradingView data showed the Ethereum price had moved above its 50-week moving average near $2,542 on Sept. 18. Its Bitstamp feed placed the latest completed close near $2,620, keeping price above the earlier breakout area.  Ethereum (ETH) Price Analysis | Source: TradingView  The recovery also extended a strong third quarter for ETH crypto. CFGI measured Ethereums Q3 gain at 64.0% through Sept. 20, using its stored daily readings. Its dataset placed the

09-22انڈسٹری

Bitcoin Rally Has 'Serious Institutional Money' Behind It, Devere Says

Bitcoins renewed advance reflects stronger institutional demand, according to Devere Group CEO Nigel Green, who predicts that bulls have regained control. His outlook follows a rebound in ETF inflows, despite uneven fund demand and a U.S. legislative setback.  Key TakeawaysGreen predicts institutional demand will sustain bitcoins recovery.Bitcoin ETFs drew $433 million Friday, ending the week with $6.1 million in net inflows.Green sees clearer regulation potentially attracting larger investors.  Green Sees Institutional Demand Supporting Bitcoin  Bitcoin‘s recovery could gain durability from institutional allocations, according to comments Devere Group CEO Nigel Green issued Sept. 21. The financial advisory firm’s chief executive argued that purchases through regulated investment products signal a shift toward longer-term ownership, supporting his prediction that buyers have regained control of the market.  “The market‘s momentum has flipped, and this time there’s serious institutional money behind it,” Green said, adding:  “Billions are flowing into regulated bitcoin products week after week. Its patient capital that plans to stay, a very different animal from the leveraged speculation that fuelled past rallies.”  “Billions are flowing into regulated bitcoin products week after week. Its patient capital that plans to stay, a very different animal from the leveraged speculation that fuelled past rallies.”  U.S. spot bitcoin exchange-traded funds (ETFs) attracted $433 million

09-22انڈسٹری

Pragma flags 6 price feeds as critical risk following $3.5M Starknet lending exploit

Oracle provider Pragma classified 6 of 22 mainnet market and rate feeds as critical risk in a Sept. 18 assessment, warning lenders that an available token price does not establish that collateral can be sold to cover a loan.  The liquidity report followed a Sept. 17 borrowing exploit at Nostra, a lending protocol on Starknet. Nostras account reported that a manipulated NSTR oracle price allowed one account to borrow approximately $3.5 million of other assets against NSTR collateral.  Pragma placed BROTHER, DAI, DOG, EKUBO, LORDS and NSTR in its critical category, with nine other feeds rated high risk. The assessment does not establish that every listed feed is used as collateral.  Why an oracle price is not enough  An oracle supplies a valuation. Liquidation requires selling collateral, and a thin market may not absorb that sale near the quoted price. A loan can be backed by an apparent value that cannot be realized when repayment depends on selling the token.  At token quantities valued by the oracle at $10,000, sell-quote deterioration was about 15% for NSTR, 17% for EKUBO, 22% for LORDS, and 20% for BROTHER, measured against quotes for $10 sales.  Pragmas Sept. 18 snapshot showed indicative $10,000 sell quotes deteriorating 15% to 22% versus

09-22انڈسٹری

XRP Jumps 8.7% as Peter Brandt's Chart Signals Advance to $5.40

XRP climbed nearly 9% to $1.54 as veteran trader Peter Brandt published a chart pointing to an eventual $5.40. The rally coincided with Absas launch of a Ripple-powered custody service.  Key TakeawaysBrandts long-term XRP chart points toward an eventual $5.40 advance.XRP traded near $1.54 after climbing 8.7% over 24 hours.Ripple and XRPL developments accompanied the sharp price increase.  Peter Brandts Long-Term XRP Chart Points to $5.40  XRP investors received a bullish long-term projection on Sept. 21 as veteran trader Peter Brandt shared on X a monthly chart implying an eventual advance to $5.40. The target would place XRP well above its recent range and more than triple the price recorded when he published the chart.  Brandt wrote:  “This is my long-term chart of $XRP It implies an eventual advance to $5.40.”  “This is my long-term chart of $XRP It implies an eventual advance to $5.40.”  “A claim of a ‘call’ or simple presentation of a chart is NOT a trade. People who claim ‘trades’ need to provide proof or else the claims are BS. An X post is NOT proof,” he added.  Brandt entered the commodity trading business in 1976 and founded Factor Trading in 1980, where he focused primarily on proprietary capital. His career in classical chart

09-22انڈسٹری

Crypto Market Update: Why Are The Crypto Prices Going Up Today?

Key Insights:The crypto market rises as easing geopolitical tension sparks strong buying across Bitcoin, Ethereum, and Altcoins.Coinbase Premium stays negative, leaving U.S. spot demand yet to confirm the crypto market recovery.Bitcoin gains above $86,000 as traders point to a possible bull market and watch for a higher low  The crypto market is moving higher today as easing geopolitical tension gives traders room to buy, while Bitcoin pushes above $86,000. Yet the move is not fully backed by U.S. spot demand, with the Coinbase Premium Index still below zero as traders watch the recovery and await confirmation.  Geopolitical Tension Eases And The Crypto Market Jumps  The main reason why the crypto market is up today can be linked to a sudden change in the geopolitical picture. According to Darkfost, a major military operation the United States had been preparing was abandoned over the weekend. The news reduced some tension hanging over markets and helped trading open on a stronger note.  That shift quickly reached crypto derivatives. At the opening of the European market, net taker volume on Binance rose from $11 million to $618 million in about an hour. That is a large jump in buying activity in a short period and shows how quickly

09-22انڈسٹری
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