Japanese lender launches Bitcoin-backed loans of up to $6.2M

CRYL is offering Bitcoin-backed loans to individuals and businesses as Japanese firms explore broader uses for BTC in lending and credit markets. Source: Cointelegraph

CRYL is offering Bitcoin-backed loans to individuals and businesses as Japanese firms explore broader uses for BTC in lending and credit markets. Source: Cointelegraph

Bitcoin miner TeraWulf is reportedly seeking $3.5 billion in debt financing led by Morgan Stanley for its Kentucky data center campus leased by AI company Anthropic. Source: Cointelegraph

Metaplanet said it is studying Bitcoin-backed digital credit products in Japan with JPYC and Progmat, but no product has been launched. Source: Cointelegraph

Bitcoin bulls faced “crucial resistance” at $65,000 next as BTC price action diverged from oil and US dollar strength. Source: Cointelegraph

EU lawmakers have again allowed tech firms to scan chats for abuse material, but exempted end-to-end encrypted messages. Source: Cointelegraph

Robinhood’s choice to use Ethereum further solidifies its position as the “ultimate settlement layer and liquidity foundation for tokenized assets,” said HashKey Group’s Tim Sun. Source: Cointelegraph

Zcash’s next upgrade will replace the once-compromised Orchard pool and may offer clues about whether counterfeit tokens were created via a recent bug. Source: Cointelegraph

Injective said the security vulnerability was patched up immediately and claims there were no downloads of the malicious package. Source: Cointelegraph

“DeFi usually swings much harder than Bitcoin, so holding up this well is unusual,” says Bitwise, as DeFi tokens have outperformed Bitcoin. Source: Cointelegraph

Bitdeer shares rallied after the company announced a $36 million Nevada manufacturing facility that will produce its SEALMINER Bitcoin mining machines and expand its hardware business. Source: Cointelegraph