Connect with us
DAPA Banner

Crypto World

Morpho Unveils Fixed-Rate Protocol Morpho Midnight

Published

on

Morpho Unveils Fixed-Rate Protocol Morpho Midnight

Morpho is the second-largest lending protocol in DeFi, with $7.7B in TVL.

Morpho, DeFi’s second-largest lending protocol by value locked, has officially named its long-in-development fixed-rate product: Morpho Midnight.

Co-founder and CEO Paul Frambot announced the name on X today, April 14, emphasizing that Midnight is not a sequel to Morpho Blue. “It is a completely new paradigm for onchain lending, and should not be considered a ‘V2’ of Blue,” Frambot wrote.

The distinction is structural, according to Frambot’s X post. Morpho Blue offers pool-based, open-term variable-rate markets with externalized risk management. Midnight introduces intent-based, fixed-term, fixed-rate markets with externalized management of both risk as well as rate, a different mechanism for pricing and matching lenders and borrowers.

Advertisement

The two protocols will coexist and complement each other within the broader Morpho network, per the X post. Frambot first flagged the naming overhaul of Morpho’s fixed rate market in early March, when he dropped versioning terminology (Markets V1/V2) in favor of distinct brand identities for each product.
Frambot added in today’s announcement that more details on Midnight are expected as security audits finalize.

Morpho currently holds approximately $7.7 billion in total value locked, per data from DefiLlama, making it the second-largest lending protocol in DeFi, following Aave with $26.3 billion in TVL.

Last June, The Defiant reported on Morpho’s V2 launch, which introduced fixed-rate and fixed-term loans, with the aim to bring DeFi lending closer to traditional finance structures, which Midnight now builds on.

Last month, the Ethereum Foundation made its second deployment into Morpho Vaults, bringing its total commitment to nearly $19 million and citing the protocol’s immutable, open-source architecture as a model for cypherpunk-aligned DeFi infrastructure.

Advertisement

This article was written with the assistance of AI workflows. All our stories are curated, edited and fact-checked by a human.

Source link

Continue Reading
Click to comment

You must be logged in to post a comment Login

Leave a Reply

Crypto World

Ripple, Kyobo Advance Tokenized Bond Settlement in South Korea

Published

on

Ripple, Kyobo Advance Tokenized Bond Settlement In South Korea

Ripple, Kyobo Advance Tokenized Bond Settlement In South Korea

error code: 524

This article was originally published as Ripple, Kyobo Advance Tokenized Bond Settlement in South Korea on Crypto Breaking News – your trusted source for crypto news, Bitcoin news, and blockchain updates.

Source link

Advertisement
Continue Reading

Crypto World

MSTR treasury companies emerge on STRC success

Published

on

MSTR may have paused it's BTC accumulation last week

A new class of crypto treasury companies is emerging around Strategy’s high-yield stock, STRC, drawing in firms looking to capture both exposure to bitcoin and additional income.

STRC is a security issued by Strategy, the largest publicly traded holder of bitcoin, as a funding vehicle to support its ongoing bitcoin accumulation strategy. The company raises capital by offering investors an annualized dividend of 11.5%, paid monthly in cash, with proceeds primarily used to purchase BTC.

Such is the stock’s popularity that it registered a record-breaking trading volume on Tuesday, with more than $1.6 billion in shares changing hands.

STRC, the new base layer

As trading volumes surge, a growing number of companies and decentralized finance protocols are accumulating STRC to capture its yield while gaining indirect exposure to bitcoin.

Advertisement

STRC is now being used as a base layer for new financial products that add leverage, tokenization and structured yield.

Saturn Credit, a bitcoin-backed yield platform, accumulated $15 million in STRC within six days of launch. Apyx, an onchain credit protocol, has built a position of 800,000 shares after purchasing an additional 200,000 STRC, with plans to become one of the largest holders.

BitStrategy is taking a similar approach. Co-founder and Head of US Ryan McGinnis said the firm aims to accumulate Strategy securities, with the long-term goal of becoming the world’s largest Strategy shareholder.

On-chain, nearly $200 million in tokenized STRC now exists on Ethereum, with close to $100 million trading on Pendle. Pendle is a decentralized finance platform that allows users to trade and separate yield from underlying assets, creating markets for future income streams.

Advertisement

Ex-dividend date pushes STRC below par value

During Wednesday’s pre-market trading, STRC dropped to $99.39, falling below its $100 par value, a reference price set by the company, often tied to how it issues new shares. This happened after the stock went “ex-dividend,” which means new buyers are no longer eligible to receive the upcoming dividend payment.

Because the price is now below $100, the company will temporarily stop selling new shares through its at-the-market (ATM) program.

Source link

Advertisement
Continue Reading

Crypto World

Why is Bitcoin price falling today? (April 15)

Published

on

Bitcoin price has formed a descending triangle pattern on the daily chart.

Bitcoin price fell nearly 3% on Wednesday as investors booked profits following its sharp rally above $75,000 the previous day amid renewed hopes of U.S.-Iran peace talks. 

Summary

  • Bitcoin fell about 3% to an intraday low of $73,617 after a 7% rally the previous day, as traders took profits following the surge above $75,000.
  • Market sentiment was influenced by renewed hopes of U.S.-Iran peace talks, though geopolitical uncertainty and delays in negotiations kept volatility elevated.
  • Technical indicators remain bullish, with an ascending triangle pattern in play and key resistance near $76,000, while downside risk emerges below $72,000.

Bitcoin’s price fell today as investors booked profits following the sharp rebound yesterday. It is quite common for investors to take some profits, especially when such a sharp upside occurs after days of intense volatility amid geopolitical conflict situations.

The risk-off sentiment is not confined to Bitcoin and cryptocurrencies alone, as traditional safe-haven assets such as gold and silver have also fallen a bit today after crude oil prices moved up again following the sharp drop under $100 yesterday. 

Advertisement

According to data from crypto.news, Bitcoin (BTC) price fell 3% to an intraday low of $73,617 on Wednesday after paring off some of its gains from the previous day when the bellwether rose 7% to nearly $76,000.

The rebound occurred amid renewed hopes of a more concrete ceasefire in place between the U.S. and Iran after reports emerged that Iran was ready to negotiate new terms regarding its nuclear program and maritime conduct.

Most recently, U.S. President Donald Trump told Fox News that the war is “close to over” after he hinted at a second round of face-to-face talks with Iran in Islamabad in the next two days. However, with Pakistan’s prime minister out of the nation till April 18, the talks could face some delays. 

Advertisement

The diplomatic push follows after the U.S. initiated a naval blockade at the Strait of Hormuz to halt economic trade on all seaborne cargo going into and out of Iran.

The Iranian government had previously called the move state-sanctioned piracy, while they themselves implemented a controversial toll system in the area, reportedly to recoup losses for nearly $270 billion in direct and indirect damages on the nation since the start of the US-Israel war on Feb. 28.

Despite Bitcoin’s slight pullback today, its market structure continues to present a bullish bias for the coming sessions. 

On the daily chart, Bitcoin’s price action has been forming an ascending triangle which is a bullish continuation pattern if the price breaks out above the resistance level. At press time, Bitcoin’s price action was hovering closer to the upper horizontal trendline of the pattern, which suggests that a decisive move by bulls could confirm the pattern.

Advertisement
Bitcoin price has formed a descending triangle pattern on the daily chart.
Bitcoin price has formed a descending triangle pattern on the daily chart — April 15 | Source: crypto.news

Technical indicators further support this bullish outlook. Notably, the MACD lines have pointed upwards while the RSI bounced back from neutral threshold to 60, showing there is still room for further appreciation before hitting overbought territory.

Hence, the next key resistance for Bitcoin lies at $76,000. A break above the trendline could trigger a rally toward the $80,000 mark.

On the contrary, if Bitcoin price were to fall below $72,000, it could invalidate the current bullish setup and lead to a retest of support near $70,000.

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

Advertisement

Source link

Advertisement
Continue Reading

Crypto World

SocGen-FORGE Brings MiCA-compliant USD Stablecoin to MetaMask

Published

on

Cryptocurrencies, France, Europe, Adoption, Stablecoin, MiCA, MetaMask

Societe Generale-FORGE, the digital asset arm of French banking giant Societe Generale, has integrated its Markets in Crypto Assets Regulation (MiCA)-compliant USD CoinVertible (USDCV) stablecoin into MetaMask, giving the wallet’s millions of users access to a regulated dollar token issued by a major European bank.

The company said in a release on Wednesday that under the partnership with Consensys, USDCV, which is backed by cash and cash-equivalent reserves and issued under French electronic money regulations, will be surfaced in MetaMask on mobile and web. The token is redeemable 1:1 in dollars and will be made available for functions including trading, decentralized finance interaction and fiat on-ramping, with Transak serving as the on-ramp provider.

The move expands access to one of the few dollar stablecoins issued by a major European bank. It also comes as regulated issuers seek to turn MiCA compliance into a commercial advantage by distributing tokens across widely used crypto platforms. SG-FORGE CEO Jean-Marc Stenger said the MetaMask rollout is intended to broaden access to compliant digital assets.

Under the European Union’s new framework, a growing but still relatively small pool of approved stablecoin issuers, with around 10 entities authorized so far, is competing for market share, making integrations with wallets like MetaMask increasingly important.

Advertisement

Consensys CEO Joseph Lubin said in the release that stablecoins are becoming a more important part of digital financial infrastructure.

Cryptocurrencies, France, Europe, Adoption, Stablecoin, MiCA, MetaMask
Societe Generale -FORGE partners with Consensys for MetaMask integration. Source: Societe Generale-FORGE

Cointelegraph reached out to Societe Generale-FORGE and Consensys for comment but had not received a response by publication.

Related: ECB backs tokenized EU capital markets with strict guardrails

SG-FORGE expands multichain stablecoin strategy

SG-FORGE also issues EUR CoinVertible, a MiCA-compliant euro stablecoin first launched on Ethereum (ETH) in 2023. The token has since expanded as part of a multichain strategy to Solana, the XRP Ledger and Stellar, while USDCV is available on Ethereum and Solana and listed through several exchanges and partners, according to SG-FORGE.

The euro-denominated token has been part of broader efforts by Societe Generale-FORGE to test tokenized financial infrastructure, including participation in experiments involving tokenized bonds and settlement through blockchain networks.

Advertisement

Magazine: Singapore isn’t a ‘crypto hub’ — it’s something better: StraitsX CEO