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blockonomi.com Bitcoin’s Collapse Amid Market Volatility: Timmer Weighs In

TLDR Bitcoin has dropped 31% from its record high, reflecting its vulnerability during market corrections. The cryptocurrency is being viewed as a high-risk asset and is struggling to act as a haven. Investors are de-risking and selling off volatile assets like Bitcoin to raise cash. Gold continues to act as a stable store of value, [...] The post Bitcoin’s Collapse Amid Market Volatility: Timmer Weighs In appeared first on Blockonomi.

blockonomi.com Coinbase Introduces Ether-Backed USDC Loans for US Customers

TLDR Coinbase has launched Ether-backed loans for US customers, enabling them to borrow USDC without selling their ETH. The Morpho DeFi lending protocol powers the new service and is available in most US states, excluding New York. Users can borrow up to $1 million in USDC, with variable rates and liquidation risks based on market [...] The post Coinbase Introduces Ether-Backed USDC Loans for US Customers appeared first on Blockonomi.