BTC $83,163.77 -0.38%
ETH $2,666.91 +0.31%
BNB $756.90 -1.86%
XRP $1.48 -0.90%
SOL $117.65 -2.03%
TRX $0.3340 +0.05%
DOGE $0.0930 -1.48%
ADA $0.2430 -2.61%
BCH $305.74 -3.41%
LINK $14.75 +5.52%
HYPE $87.14 -3.39%
AAVE $149.49 -0.75%
SUI $1.12 -8.97%
XLM $0.2255 +6.61%
ZEC $1,365.67 -12.54%
AAPL $337.67 -0.76%
AMZN $246.14 -1.07%
GOOGL $341.96 -0.07%
MSFT $507.81 -1.84%
META $712.72 -2.88%
NVDA $228.45 +1.85%
TSLA $356.81 -3.66%
SNDK $1,695.04 -2.32%
INTC $114.85 -3.94%
SPCX $145.90 -2.17%
MU $1,050.53 -1.47%
AMD $605.21 -2.10%
BTC $83,163.77 -0.38%
ETH $2,666.91 +0.31%
BNB $756.90 -1.86%
XRP $1.48 -0.90%
SOL $117.65 -2.03%
TRX $0.3340 +0.05%
DOGE $0.0930 -1.48%
ADA $0.2430 -2.61%
BCH $305.74 -3.41%
LINK $14.75 +5.52%
HYPE $87.14 -3.39%
AAVE $149.49 -0.75%
SUI $1.12 -8.97%
XLM $0.2255 +6.61%
ZEC $1,365.67 -12.54%
AAPL $337.67 -0.76%
AMZN $246.14 -1.07%
GOOGL $341.96 -0.07%
MSFT $507.81 -1.84%
META $712.72 -2.88%
NVDA $228.45 +1.85%
TSLA $356.81 -3.66%
SNDK $1,695.04 -2.32%
INTC $114.85 -3.94%
SPCX $145.90 -2.17%
MU $1,050.53 -1.47%
AMD $605.21 -2.10%

expand

All
Article
Flash

first_img Franklin Templeton expands tokenized collateral services to Bybit

According to CoinDesk, Franklin Templeton has expanded its "Over-the-Counter Collateral Program" to Bybit, allowing users of the exchange to use their tokenized money market fund shares for cryptocurrency trading. Users can use the shares as collateral to borrow stablecoins USDT or USDC, while the underlying assets continue to generate returns. The relevant shares represent approximately $686 million in net assets.The underlying assets will not be transferred to Bybit but will be held off-chain by the regulated custody platform ByCustody, with their value mirrored in the Bybit trading environment, thereby generating returns while releasing trading liquidity. The shares are issued through the Benji technology platform, which is Franklin Templeton's proprietary blockchain-integrated record-keeping and transfer agency infrastructure, currently paying an annualized return of 3.7% based on the latest 7-day interest rate.This is not Franklin Templeton's first foray into over-the-counter collateral partnerships, as it has previously offered tokenized money market funds to Binance and OKX clients. Sandy Kaul, Head of Digital Assets and Innovation at Franklin Templeton, stated that investors can now use collateral more efficiently across major exchanges and earn returns from it, which is crucial for ecosystem growth. This expansion also reflects industry trends, with platforms like Crypto.com and Deribit allowing qualified users to use BlackRock's BUIDL fund as trading collateral.

first_img Arch Lending plans to expand its tokenized stock mortgage loan business

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.

first_img The European Central Bank plans to expand the ban on stablecoin yields to cover lending and staking

According to CoinDesk, the European Central Bank (ECB) and the central banks of EU member states wish to prohibit crypto platforms from providing indirect yields on stablecoins through lending, staking, and other products. The European System of Central Banks (ESCB) stated in response to the European Commission's consultation on the review of the Markets in Crypto-Assets Regulation (MiCA) that electronic money should be used for payments rather than savings, continuing to support the prohibition of crypto asset service providers (CASP) from paying rewards for stablecoins, and that the ban should not be limited to services already regulated by MiCA but should also cover unregulated activities such as crypto lending, borrowing, and staking.Central banks believe that allowing indirect yields could blur the lines between electronic money and bank deposits, distorting the fair competitive environment of the EU financial system. The ESCB stated that maintaining and, when necessary, strengthening this ban, while covering both direct and indirect forms of rewards, should be a clear legislative priority. This position also echoes the controversy in the U.S. surrounding the Clarity Act, where eight U.S. banking groups urged senators to tighten the bill's restrictions on stablecoin rewards, which ultimately failed in a procedural vote of 49 to 50.In addition, central banks also proposed to eliminate the MiCA requirement for stablecoin issuers to hold part of their reserves in the form of bank deposits, replacing it with liquidity rules based on the liquidity of reserve assets. Currently, stablecoin issuers must keep at least 30% of their reserves in credit institutions, and this percentage rises to 60% for those classified as significant stablecoins. The ESCB suggested that significant stablecoins must allocate at least 40% of their reserves to assets maturing within one day and 60% to assets maturing within five working days, while the corresponding thresholds for non-significant stablecoins are 20% and 30%.

first_img Samsung Electronics plans to expand production of 4-nanometer to meet HBM4 demand

According to Money Today on September 21, Samsung Electronics is advancing the expansion of advanced process capacity in wafer foundry due to the growth of the HBM market. To meet the rising demand for HBM4 base chips, it is evaluating the expansion of its 4-nanometer process. Samsung's HBM4 consists of 10-nanometer 6th generation (1c) DRAM core chips and 4-nanometer logic base chips, with the base chips responsible for high-speed data exchange with AI accelerators such as GPUs.Unlike SK Hynix, which uses TSMC's 12-nanometer process for HBM4 base chips, Samsung employs its own 4-nanometer process. This production line is operating at full capacity and has taken on orders from companies like Nvidia and Groq for 3 LPU, and the company has recently raised its prices for new 4-nanometer orders and HBM4 base chips. Samsung expects HBM4 revenue in the third quarter to increase more than threefold quarter-on-quarter, with HBM4 accounting for significantly more than 60% of HBM revenue in the second half of the year. The additional expansion at P4 in Pyeongtaek will mostly be used for 1c DRAM for HBM, with more than half of the wafer foundry's 4-nanometer capacity allocated to HBM4 base chips.HBM4E also uses 4-nanometer base chips, and Samsung provided samples to customers in May. The company is also evaluating the construction of a new 2-nanometer production line for HBM5, aiming for a GAA structure 2-nanometer process and increasing TSV density to improve operating speed by more than 50% compared to HBM4E. Samsung started the first generation of 2-nanometer mass production in the second half of last year and is advancing the second generation of products in the second half of this year. Citigroup expects global HBM bit demand to reach 75.2 billion Gb next year, a year-on-year increase of 62%, with supply around 59.4 billion Gb and a gap of about 21%.
app_icon
ChainCatcher Building the Web3 world with innovations.