loan

Galaxy Digital, a Nasdaq-listed digital asset company, has incorporated $100 million in Sky Protocol interest-bearing savings tokens sUSDS into its corporate treasury and included them in the collateral range for institutional business facing over 1,600 counterparties. Galaxy also purchased an undisclosed amount of SKY.Galaxy clients can use sUSDS as collateral for loans and continue to earn Sky Savings Rate yields during the loan term. The average loan size in Galaxy's institutional lending business is approximately $1.4 billion; the Sky ecosystem's Prime Agent Grove had previously provided a $500 million warehouse loan limit to it.

Coinbase launches Bitcoin-collateralized fixed-rate, fixed-term USDC loans through Morpho Midnight, allowing borrowers to obtain USDC without selling their Bitcoin. The interest rate and repayment date for the product are determined at the start of the loan; if borrowers do not repay the USDC and interest before the due date, the collateralized Bitcoin may be reclaimed.The existing active or outstanding loan volume of Bitcoin-collateralized loans with floating rates supported by Morpho at Coinbase has exceeded 1.4 billion dollars, with collateral valued at approximately 3 billion dollars.

Coinbase has launched fixed-rate loans supported by the decentralized lending protocol Morpho, allowing users to collateralize Bitcoin to borrow USDC, locking in the interest rate and repayment date at the start of the loan. This product marks the first enterprise-level deployment of Morpho Midnight, with Coinbase responsible for the application experience, Morpho providing the credit infrastructure, and the Base network handling settlement.The existing active scale of Coinbase's Morpho floating-rate loans has exceeded 1.4 billion dollars, corresponding to collateral of about 3 billion dollars. This business will launch Bitcoin collateralized lending in early 2025, with plans to expand collateral to assets such as XRP and Dogecoin.

According to Token Terminal (@tokenterminal), the deposits of Aave v4 have exceeded 1 billion dollars, doubling in the past month, with the current active loan amount reaching 300 million dollars.

Cryptocurrency lending institution Arch Lending plans to expand its loan business using tokenized stocks as collateral. Arch co-founder and Chief Revenue Officer Himanshu Sahay stated in Cointelegraph's Chain Reaction podcast that the institution plans to enter this market "soon" and noted the demand for credit against tokenized stocks. Sahay mentioned that tokenized stocks have grown rapidly over the past year, but loans against such assets remain limited. He anticipates that more lending institutions will enter this market in the future, naming organizations like Superstate, Robinhood, and Securitize that issue tokenized stocks.Arch has expanded from cryptocurrency to tokenized real-world assets, recently launching loan products backed by Paxos Gold and Tether Gold. However, cryptocurrency still accounts for the vast majority of Arch's existing loan portfolio, with Bitcoin making up over 80%. Sahay also indicated that the institution has recently seen increased interest in using XRP as collateral, particularly from U.S. borrowers.Before Arch, tokenized stocks had already begun to enter the lending market. In February of this year, Ondo Finance launched a DeFi lending market for its two tokenized ETFs through integration with the lending protocol Morpho; in July, Kraken included 10 types of xStocks in its futures and margin collateral scope; in August, Coinbase's B20 stock went live on Base.

According to Dealroom.co citing Bloomberg News, a consortium of 10 banks has provided Crux AI with a $22 billion loan secured by chips. Crux AI is the AI cloud service joint venture launched by Blackstone and Alphabet in May, which officially started last week.The loan will be used to purchase Google-customized TPUs. Crux AI has received a $5 billion equity investment from Blackstone, with Google providing TPUs, software, and services, planning to produce the first batch of 500 megawatts by 2027. Named lending institutions include Goldman Sachs, Sumitomo Mitsui Banking Corporation, Barclays, BNP Paribas, and Canadian Imperial Bank of Commerce.

A former bank executive was recently sentenced for forging documents to fraudulently obtain over 1.6 billion Hong Kong dollars in illegal loans, and using the funds to purchase Bitcoin and conduct cryptocurrency bribery.

NScale announced that it has reached an unsecured convertible loan agreement with NVIDIA.

Market news reports that SoftBank will increase the margin loan size secured by Arm stock by 5 billion dollars, to 25 billion dollars.

Market news indicates that Apollo is considering raising a $9 billion loan from SoftBank to invest in OpenAI.

Market news reports that NVIDIA partner GMI Cloud is seeking a loan of 300 million dollars to purchase chips for its factory in Thailand.

The Governor of the People's Bank of China, Pan Gongsheng, pointed out that China's financing structure is undergoing profound changes. By 2025, the incremental social financing scale will reach 35.6 trillion yuan, with corporate bonds, government bonds, and stock financing accounting for about 47%, surpassing loans for the first time. By the end of June 2026, the proportion of indirect financing balance in the social financing scale will drop to about 2/3, while the proportion of loan balance will decrease to about 60%, and the proportion of direct financing balance will rise to about 1/3.In the past decade, the proportion of new loans for real estate and infrastructure construction in total loans has decreased from over 60% to around 10%, while the proportion of new loans in the financial "five major articles" sector has risen to over 70%. The loan growth rate for technology-based small and medium-sized enterprises remains around 20%, and the annual growth rate of inclusive micro and small loans is about 20%. There are over 5,500 listed companies in the A-share market, with a total market value exceeding 110 trillion yuan; the total scale of the bond market has surpassed 200 trillion yuan, and the cumulative issuance of sci-tech bonds is about 3 trillion yuan.

TikTok's parent company ByteDance has signed a loan agreement totaling $29.6 billion with 28 banks, including HSBC and the Industrial and Commercial Bank of China. The loan has a term of three years, extendable up to five years, with an interest rate 0.68 percentage points above the benchmark rate. This is the second-largest loan in Asia this year, following the $40 billion loan arranged by SoftBank in March.According to Bloomberg, ByteDance plans to use this loan for general corporate purposes to advance its artificial intelligence development goals. The company previously borrowed $10.8 billion from about 20 lenders in 2024, and the initial size sought for this loan was $20 billion. ByteDance was valued at approximately $550 billion in February this year, and Bloomberg reported in May that the company is considering investing up to $70 billion in data centers and other AI infrastructure by 2026.As the loan news was released, Elon Musk, Anthropic CEO Dario Amodei, and OpenAI CEO Sam Altman called for a slowdown in the AI race, expressing concerns about safety issues. Additionally, a report from Bitcoin Suisse predicts that the largest hyperscale computing companies in the U.S. will spend over $800 billion this year, exceeding $1 trillion by 2027.

Market news reports that informed sources indicate that SoftBank Group has secured a loan of $11.87 billion to support its investment in OpenAI, an increase from the previous target of $10 billion.

According to The Wall Street Journal, the Pentagon is negotiating a loan of about 5 billion dollars to the AI cloud computing startup FluidStack to strengthen the supply chain of data centers in the United States.

Arya.ag, an agricultural warehousing and loan company in India, is testing a system for tokenizing warehouse receipts for stored grains on the Avalanche dedicated Layer 1 blockchain. Arya.ag is collaborating with Finternet to connect grain storage, warehouse receipts, collateral commitments, and loan statuses through this network. Devika Mittal, head of Ava Labs India, stated that the testing is underway, with each tokenized warehouse receipt representing ownership of the stored goods.Sanmesh Kalyanpur, a director at Finternet Labs, mentioned that Arya.ag's samplers collect information on stored grains and input it into the company portal. Finternet will integrate farmers, commodities, warehouses, and insurance information into a "composite token" for banks to assess collateral risks. Arya.ag stores approximately $2 billion worth of agricultural products in its warehouse network and supports loans of about 120 billion Indian Rupees (approximately $1.26 billion) annually, with its loan department, Arya Dhan, disbursing around $230 million in loans each year.The concept of Finternet originated from a 2024 paper by the Bank for International Settlements (BIS), co-authored by Infosys co-founder Nandan Nilekani and then-BIS General Manager Agustín Carstens, proposing the establishment of an interconnected unified ledger for tokenized assets. In 2024, the Indian government launched a 10 billion Rupee credit guarantee scheme to encourage financing against electronic transferable warehouse receipts. The two companies have not disclosed the expected launch date or initial deployment scale.

According to on-chain analyst Yu Jin's monitoring, a whale holding 149,800 ETH worth $377 million through borrowing leverage sold 6,000 ETH four hours ago, exchanging it for 14.97 million USDe to repay a loan on Aave, with a selling price of $2,496.Currently, the whale holds 143,800 ETH worth $362 million and has a debt of $181 million on the lending platform, employing an overall leverage of 2 times.

SoftBank Group announced that it will fully repay the outstanding balance of $25.9 billion under the bridge loan agreement on September 15, which was primarily used for subsequent investments in OpenAI.

According to CoinDesk, data from Curve Finance shows that its lending market has recorded a total of 704 "soft liquidation" events, involving 602 borrower addresses, with a median duration of 14.5 days, of which a quarter lasted at least 38.9 days, and some positions remained within the liquidation range for several months. Of these soft liquidations, 476 began in the first half of 2026. Unlike traditional lending protocols such as Aave and Compound, Curve's LLAMMA system does not sell off collateral all at once after the price drops below a threshold, but gradually converts collateral into borrowed assets within a price range. If the price rebounds before the loan completely fails, some or all of the conversions may be reversed. This means that borrowers are not in a grace period; their collateral has been partially liquidated during the loan's duration, but they still have the opportunity to restore their positions if the price reverses. However, soft liquidations are not without costs. Data shows that borrowers may still incur losses due to transaction fees, conversions, rebalancing, interest, and bid-ask price fluctuations, and if the market remains unfavorable, positions may still fall into hard liquidation. Curve Finance is a mainstream DeFi protocol focused on stablecoin exchanges and crvUSD lending, currently holding approximately $1.35 billion in deposits, with a DEX trading volume of about $3.4 billion over the past 30 days and active loans of about $46 million.

According to the Phoenix Veritas Foundation, the cultural token themed around Hunter Biden's laptop, LAPTOP, has been issued on the Base chain, with a total supply of 1 billion tokens. The initial circulation at TGE is 350 million tokens (35%). In terms of token distribution, the founders (including Hunter Biden) and the prediction mechanism each account for 30%, community airdrops account for 20%, liquidity and the foundation treasury each account for 10%, and charitable distribution accounts for 5%. The founders' tokens have a 6-month lock-up period and a 24-month linear unlock.LAPTOP has no utility and is positioned as a purely cultural digital collectible, with its value entirely driven by community sentiment. The token contract has been audited for security by Hacken in April 2026, with no major vulnerabilities. Regarding market makers, the foundation has signed lending agreements for a total of 20.5 million tokens with G20 and GSR.