FalconX and Ethena announced a $1 billion secured lending facility that routes USDe-backed assets into overcollateralized institutional credit via a bankruptcy-remote special purpose vehicle. This marks one of the largest on-chain credit arrangements, aiming to diversify Ethena's yield sources beyond crypto funding rates. The facility is secured with collateral managed by FalconX and offers Ethena a first-priority claim on assets, reducing credit risk. Key details like loan terms, collateral types, and utilization remain undisclosed, with further updates needed to assess impact on Ethena's products and USDe stability.
FalconX and Ethena's $1 billion secured lending facility is notable in the crypto credit space. For readers following the broader cryptocurrency market, here is Pluang's market snapshot as of Oct 13, 2026 23:03 WIB: out of 50 major cryptocurrencies, 12 rose and 37 fell today. Among them, COTI fell 5.33% to Rp223 with a typical hold time of 121 days, VET dropped 5.06% to Rp130, and NEO declined 4.89% to Rp42,792.
BioNTech's experimental cancer treatment BNT113, combined with pembrolizumab, failed to show a significant improvement in progression-free survival in its Phase 2/3 AHEAD-MERIT trial. Despite missing this first primary endpoint, the trial will procee...
Wells Fargo reported third-quarter 2026 earnings per share (EPS) of $1.87, surpassing analyst estimates of $1.85, while revenue came in at $21.87 billion, below the expected $22.31 billion. The bank saw a 13% rise in EPS and a 6% increase in net inco...
Bank of America is set to report Q3 earnings with analysts expecting $1.10 per share and $30.54 billion in revenue, up from last year. CEO Brian Moynihan forecasts a 10% drop in investment banking fees and flat trading revenue. The bank's stock has f...
Reach Security secured over $50 million in Series B funding led by Top Tier Capital Partners to enhance its AI-driven cybersecurity platform. The company’s technology autonomously identifies and closes security gaps faster than AI-powered attackers c...
Rexel Développement SAS announced the total number of its shares and voting rights as of October 1, 2026. The company holds 311,385,744 shares, with a theoretical voting right count matching this number. However, the exercisable voting rights, exclud...
