Morpho's onchain lending network has seen deposits of USD Coin (USDC) exceed $4 billion, marking a significant milestone for the stablecoin's use in lending. This figure is part of Morpho's total deposits across all assets, which reached $16.94 billion as of October 7. The protocol also supports Ledger's Bitcoin-backed loans and provides credit infrastructure for Coinbase's fixed-rate Bitcoin loans, with Coinbase managing the product and Base handling settlement. This growth underscores the increasing adoption of stablecoins and crypto-backed lending solutions in decentralized finance.
Morpho's USDC deposits on its lending network have topped $4 billion, highlighting a major milestone in stablecoin lending. For readers following the broader cryptocurrency market, here is Pluang's snapshot as of Nov 07, 2026 12:21 WIB: out of 50 major cryptocurrencies, 32 rose and 17 fell. Notable movers include SNX at Rp3.055 (+2.65%), ATOM at Rp24.692 (-2.34%), and COMP at Rp361.724 (+2.23%).
Axia Energia reported strong Q3 results with robust EBITDA growth and improved net income, supported by privatization and cost-cutting efforts. The company’s transmission segment is expected to enhance EBITDA and cash flow stability, while its energy...
U.S. spot Bitcoin ETFs experienced net outflows for the second day in a row, totaling $411.92 million on November 6, slightly less than the previous day. BlackRock's IBIT saw the largest withdrawals of $403 million, while Fidelity's FBTC was the only...
U.S. Ethereum spot ETFs experienced net outflows totaling $93.19 million on November 6, 2026, marking the second consecutive day of withdrawals. BlackRock's ETHA fund saw the largest outflows of $90.76 million, outweighing the $1.15 million inflows i...
Bitcoin traded around $75,800 on November 7, 2026, showing little price movement overnight but a sharp drop in market sentiment to 'Extreme Fear' at 25 on the Fear and Greed Index. Despite the negative sentiment, key support levels around $74,722 and...
Nvidia shares dropped 9.26% on the worst day for chip stocks since 2020, falling to $186.64 after a recent peak of $239.24. A retiree who bought 1,000 shares at $121.79 each now faces a portfolio where Nvidia makes up 23.7%, raising concerns about co...
