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According to documents submitted by Riot Platforms to the U.S. Securities and Exchange Commission (SEC), the company voluntarily repaid all outstanding loans and accrued interest to Coinbase Credit on September 21, and terminated the previously established credit line of $200 million, without incurring any early termination fees or penalties.The loan had previously been fully drawn by Riot, with a fixed annual interest rate of 6.15%, and an original maturity date of April 20, 2027. As of June 30, Riot had pledged 5,821 BTC as collateral for the loan, valued at approximately $340.7 million, accounting for about 51% of the total BTC held by the company at that time; with the loan repayment, Coinbase's security interest in the related collateral assets was simultaneously released. Riot initially obtained a $100 million Bitcoin collateral loan in April 2025, increasing the limit to $200 million the following month. This repayment occurred approximately 7 months ahead of the revised maturity date.

Mortgage rates in the United States have risen to their highest level in over two years, with the contract rate for a 30-year fixed mortgage increasing to 7.12%. The rate for a 5-year adjustable-rate mortgage has decreased to 6.1%. As borrowing costs climb, the MBA Purchase Index has fallen by 0.8%, and the Refinance Index has dropped by 2.6%.

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 The Block, Coinbase announced the launch of fixed-rate Bitcoin collateralized loans through Morpho Midnight, allowing users to borrow USDC and determine the interest rate and repayment date at the time of borrowing. This new option is alongside Coinbase's existing floating-rate loans (based on Morpho Blue), which have outstanding loans exceeding $1.4 billion, corresponding to collateral of approximately $3 billion.Morpho launched Midnight on Base in July, introducing fixed rates and clear loan terms for on-chain lending. A Morpho spokesperson stated that Coinbase is the first mainstream consumer platform to offer Midnight loans on a large scale; since Midnight's launch, deposits have reached approximately $30 million. The outstanding loans for Morpho Blue across all integrations amount to $5.2 billion, with deposits reaching $16 billion.A Coinbase spokesperson did not disclose specific interest rates, stating that rates are determined by the supply and demand of both parties on the on-chain order book. Currently, Coinbase offers loans that mature at the end of the month or the end of the following month, and borrowers must repay before the due date; otherwise, lenders have the right to liquidate their collateral. Jacob Frantz, Coinbase's head of revenue and investment products, stated that Coinbase Borrow allows users to obtain liquidity without selling assets, and fixed-rate borrowing gives users greater choice in credit management. Morpho indicated that Midnight could also be used in the future to build structured credit products and loans collateralized by tokenized real-world assets, with more integrations in progress.

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.

The 30-year fixed mortgage rate in the United States reached 7.22% on September 15, the highest since January 2025. Rising U.S. Treasury yields have led to increased lending costs for banks, and the market is betting that the Federal Reserve is likely to raise interest rates.According to data from the National Association of Realtors, existing home sales in August fell by 2% month-over-month, annualized at 3.98 million units, the lowest since June of last year. High mortgage rates have exacerbated the sluggishness in the real estate market, leading to increased hesitation among homebuyers and squeezing builders' profits.

Fannie Mae stated that the U.S. mortgage rates have risen to 6.76%, the highest level since June 2025.

According to Catcher Predict monitoring on-chain data, it predicts significant capital movements in the Polymarket. A large whale invested $247,499.55 in the event "VfB Stuttgart vs. Viking FK," targeting "VfB Stuttgart." Based on the current transaction price, the latest corresponding winning probability for this target is 81%.

Cryptocurrency platform Bullish announced a $100 million debt financing line to the stablecoin protocol USD.AI to support GPU-collateralized loan operations. This financing will help USD.AI provide liquidity for artificial intelligence infrastructure development, connecting on-chain capital with computing power financing needs through tokenization.USD.AI, developed by Permian Labs, currently has over $225 million in crypto assets locked within the protocol. Bullish Exchange also plans to launch the sUSDai token of USD.AI and open multiple trading pairs, providing investors with access to a secondary market channel for GPU-collateralized debt.David Choi, CEO of Permian Labs, stated that computing power is becoming an independent credit market, and this financing will help USD.AI fund more AI development while creating a more transparent and in-depth computing power credit market.

Better Mortgage and Coinbase announced the full launch of their Bitcoin-backed mortgage product, allowing U.S. homebuyers to use Bitcoin as collateral for a down payment without having to sell it. This product combines Fannie Mae-supported home loans with independently secured down payment loans backed by Bitcoin, requiring borrowers to pledge Bitcoin worth at least 250% of the down payment loan. The pledged assets will be held in a Better custodial account on Coinbase Prime.Both loans enjoy the same interest rate and amortization period, repaid through a single monthly payment; the pledged Bitcoin will be returned after the mortgage is fully paid off or refinanced. A drop in Bitcoin prices will not trigger a margin call or change the loan terms, but if the borrower is 60 days overdue, Better has the right to liquidate the pledged Bitcoin. Borrowers must be U.S. residents and hold a verified Coinbase account, and Coinbase One members can enjoy up to $10,000 in 1% cashback.This product was first announced in March of this year and opened for early experience. Previously, the Federal Housing Finance Agency directed Fannie Mae and Freddie Mac in June 2025 to study the incorporation of cryptocurrencies into mortgage risk assessments; mortgage lender Newrez also announced in January that it would recognize certain cryptocurrency assets when evaluating mortgage applications starting in February.

Coinbase posted on platform X that U.S. borrowers can now use Bitcoin as collateral for a mortgage down payment without having to sell their Bitcoin or face a margin call. Coinbase One members can receive up to $10,000 back upon completing a transaction.

According to CNBC, two senior officials from the U.S. Treasury revealed that the Treasury may utilize a fiscal general account (TGA) close to $1 trillion to fund its recently announced expansion of the government bond purchase program. Using the TGA account will give the Treasury greater ability to influence long-term bond yields.Last week, the U.S. Treasury unexpectedly announced that it would increase the repurchase scale of long-term "off-the-run securities" from $2 billion to at least $4 billion. U.S. Treasury Secretary Yellen stated that the scale of such operations could even exceed this new minimum level. However, the Treasury did not specify how it would fund these purchases at that time.Most market participants previously believed that the Treasury would raise funds by increasing the issuance of short-term Treasury bills. If the TGA account is utilized, the market's perception of this plan may change.The TGA is essentially a "checking account" that the U.S. government has with the Federal Reserve, similar to an emergency fund pool for the government. The funds in this account come from existing tax revenues.

Asset management giant Franklin Templeton announced that its first mortgage fund obligation (CFO) product, Franklin Templeton Structured Solutions 2026, has successfully completed fundraising of $1.5 billion. The aim is to provide investors with diversified and more efficient private market investment channels, with a portfolio covering strategies such as the private equity secondary market, continuation vehicles, and direct loans to U.S. mid-sized enterprises.As of the end of July 2026, Franklin Templeton's alternative asset management scale reached $295 billion, with its alternative investment platform covering multiple fields including the private equity secondary market, private real estate, private credit, venture capital, hedge strategies, and digital assets.

Freddie Mac stated that the average rate for a 30-year fixed mortgage in the United States decreased from 6.69% a week ago to 6.67%, ending five consecutive weeks of increases.The U.S. job market is cooling, with price increases in July slowing down, and core inflation indicators dropping to a five-year low. The market expects the probability of a 25 basis point rate hike in September to fall to 38%. Stalled negotiations in the Strait of Hormuz have raised concerns about high oil prices, and U.S. home sales in July decreased by 4.1% compared to June.

Figure Lending LLC, a cryptocurrency lending institution, offers cryptocurrency-backed loans where borrowers can use Bitcoin, Ethereum, or Solana as collateral to obtain cash up to 75% of the collateral's value while retaining ownership of the tokens. Borrowing typically does not constitute a sale and generally does not trigger a capital gains event.Figure Lending LLC states that borrowers should compare the maximum loan-to-value ratio, fixed or variable interest rates, regulatory licensing, and liquidation terms. The institution offers fixed rates with a loan term of 12 months, a maximum annual percentage rate of 12.62%, and supports same-day funding without requiring a credit score, with approval based on the collateral. Figure provides an optional liquidation protection feature available in some states, which can delay liquidation during the loan term due to price declines; however, liquidation may still occur if the loan is overdue. This feature does not apply to situations of non-payment, default, or violation of loan terms, and a decline in cryptocurrency asset prices may still trigger margin calls.

According to Onchain Lens monitoring, the Hyperliquid whale address starting with 0x8177b deposited 100,000 wstHYPE and 103,000 stHYPE into HyperLend as collateral, and borrowed a total of 2 million USDC in two transactions (500,000 and 1.5 million), and then transferred the borrowed 2 million USDC to Coinbase.

Strike, founded by Jack Mallers, has launched a new Bitcoin collateral loan product aimed at avoiding forced liquidation due to a drop in BTC prices. Strike states that as long as borrowers make timely repayments, the collateralized BTC will not be moved or liquidated, regardless of how deep the Bitcoin price falls.Mallers stated on X that this product has no margin call requirements and no price-based liquidation mechanism, allowing users to borrow USD while continuing to hold Bitcoin. He mentioned that volatility is inevitable, but liquidation is not a certainty. Strike indicated that the new loan product eliminates price-triggered actions linked to the loan-to-value (LTV) ratio, so borrowers do not have to worry about automatic liquidation due to a drop in BTC prices. As long as interest and maturity payments remain normal, the collateral will remain unchanged.

Hong Kong Mortgage Corporation Limited announced the first issuance of HKD 12 billion public digital bonds, including three tranches: HKD 6 billion for a two-year term, HKD 2.5 billion for a five-year term, and RMB 3 billion for a three-year term. Among these, the five-year HKD bond is the longest maturity digital bond ever issued.It is reported that this issuance transaction is the largest digital bond issuance globally to date, and the Mortgage Corporation has also become the first public institution in Hong Kong to issue digital bonds. The bonds will be generated on a distributed ledger technology platform operated by the Central Clearing and Settlement System for debt instruments, which also serves as the settlement and delivery system for the digital bonds.