loop

According to Cointelegraph, several major banking organizations in the United States have jointly stated that despite senators attempting to prohibit stablecoins from generating yields through the CLARITY Act, the latest wording in the bill still contains loopholes that fail to effectively prevent the outflow of bank deposits and do not adequately protect bank deposits.In a joint statement released, the American Bankers Association, the Bank Policy Institute, the Consumer Bankers Association, the Financial Services Forum, and the Independent Community Bankers of America pointed out that Section 404 of the bill allows crypto platforms to pay users interest or yields similar to bank deposits outside traditional rules, which is a significant loophole that needs to be addressed.Bank representatives warned that if the loophole is not closed, the large-scale adoption of stablecoins could lead to the loss of trillions of dollars in deposits from the U.S. banking system, particularly community banks, and could reduce loans to consumers, small businesses, and agriculture by more than one-fifth.Senator Thom Tillis responded that the current text has reached a compromise: it prohibits rewards on idle balances of stablecoins while allowing crypto platforms to offer other forms of customer rewards, believing this provides a possibility for bipartisan passage of the bill.However, the banking industry stated that it will submit specific amendment proposals to lawmakers in the coming days. The current text of the CLARITY Act was made public last Friday, and the crypto industry, including Coinbase, is pushing for a vote in the Senate next week.

According to news from the official WeChat account of Yunfeng Financial, Yunfeng Financial Group (00376.HK) has completed a strategic investment in the global financial infrastructure and cross-border payment service provider WooshPay, with the specific investment amount undisclosed.It is reported that WooshPay is a global payment platform strictly regulated by the UK's Financial Conduct Authority (FCA) and Hong Kong Customs, providing cross-border fund transfer services for numerous benchmark clients, including Xiaomi, large education groups, and IoT listed companies. Its business covers 170 countries and regions, supporting 155 fiat currencies and mainstream digital assets.Yunfeng Financial stated that this investment aims to deeply integrate WooshPay's leading global payment settlement capabilities with the group's digital asset infrastructure AlphaToken, constructing a dual-channel system encompassing "asset side, client side, infrastructure side, and payment side," creating a full-link ecological closed loop that includes "asset tokenization" and "compliant settlement."

According to official news, the Solana-based lending protocol Loopscale has announced that LP tokens from Orca and Raydium can now be used as collateral for lending. Loopscale's order book architecture allows for pricing based on the conditions of each position itself, rather than incorporating it into a centralized lending pool model.Through this credit market infrastructure, over $1 billion in yield-generating liquidity can be unlocked. The system is capable of independently assessing and pricing each LP based on multiple variables such as price range, fee tier, and underlying assets.

UPBIT will terminate trading support for Loopring (LRC) on March 16, 2026, at 15:00. The affected trading pair is LRC/BTC. Please note that after the trading support ends, any open orders will be canceled, and related services will no longer be provided after the termination of trading support.

The police remind that as the year-end approaches, a new type of scam involving "offline cash withdrawal + online fraud" has emerged during the peak period of gold consumption. After the victims purchase gold at a jewelry store and have it mailed to a designated location, the scammers will send disguised "runners" to collect the package from the courier. Multiple "runners" relay the package, with the last one taking the gold to a recycling shop to sell it and then delivering the cash to a location specified by the scammers.Some scammers will also instruct the "runners" to find currency dealers to exchange the gold for virtual currency, which is then deposited into a designated account. This virtual currency can be circulated globally using blockchain technology. Once successful, the scammers achieve their goal of stealing gold and laundering money.

Tom Lee stated during the podcast "The Compound" this Thursday that the current bear market was triggered by the largest deleveraging event in crypto history that occurred last October (larger than the FTX collapse): a pricing error on a trading platform triggered a chain of automatic liquidations, resulting in over 2 million accounts being liquidated globally, one-third of market makers being destroyed, and a severe blow to the trading platform's balance sheet, causing the entire ecosystem to "limp."Tom Lee also mentioned that the selling pressure has not completely ended, similar to the recovery in 2022 which took 8-12 weeks, but there are currently no obvious signs of a rebound.

According to market news, the Australian Securities and Investments Commission has listed the regulatory loopholes in cryptocurrency as one of the key risks for 2026.The agency pointed out that rapidly growing cryptocurrency, payment, and artificial intelligence businesses operating on the regulatory edge may expose consumers to the risks of unlicensed advice and misleading conduct. This warning comes as Australia advances the 2025 Corporations Amendment (Digital Assets Framework) Bill, which aims to establish the country's first regulatory framework for businesses holding client digital assets, requiring relevant platforms to hold an Australian financial services license. ASIC stated that while some businesses operate legally outside the current regulatory framework, there are also entities that intend to evade regulation, exacerbating regulatory uncertainty.

According to Lookonchain monitoring, the BTC OG insider whale is not only deeply in the red due to holding long positions in BTC/ETH/SOL worth $779 million, but now it seems to be engaging in circular leverage operations with ETH.Earlier today, he created a new wallet, withdrew 61,000 ETH (approximately $174.3 million) from Binance, deposited it into Aave, and then borrowed 60 million USDC from Aave and transferred it back to Binance.

American community banks are pushing Congress to amend the GENIUS Act to close what they believe are regulatory loopholes that allow stablecoins to "effectively pay interest."The Community Bank Council of the American Bankers Association wrote to the Senate this week, stating that some stablecoin issuers are indirectly providing yields to token holders through third parties like digital asset exchanges, undermining the bill's prohibition on interest payments for stablecoins. The GENIUS Act previously explicitly prohibited stablecoin issuers from directly offering interest or yields to holders to avoid competition with bank savings accounts.The Community Bank Council pointed out that some trading platforms, including Coinbase and Kraken, still offer reward mechanisms to specific stablecoin holders on their platforms, which could impact the deposit and lending capabilities of community banks. The organization is calling for a clear prohibition in the pending cryptocurrency market structure legislation against affiliates or partners of stablecoin issuers providing yields to token holders.The report also mentioned that the Banking Policy Institute had previously made similar requests, arguing that such practices could lead to deposit outflows from the traditional banking system. Meanwhile, crypto industry organizations like the Crypto Council for Innovation and the Blockchain Association expressed opposition to the Senate, stating that payment stablecoins are not used for issuing loans, and tightening the rules further could stifle innovation and consumer choice.

According to The Block, Loop Crypto announced on Tuesday that it will establish a partnership with Lead Bank to seize the anticipated growth opportunities in stablecoins.Lead Bank is a community bank with a 97-year history, headquartered in Kansas City, Missouri, but in recent years it has transformed to focus on fintech and cryptocurrency companies. A group of tech executives led by Jackie Reses acquired Lead Bank in 2022. Earlier this year, Lead Bank completed a $70 million Series B funding round, raising its valuation to $1.47 billion. Investors include Andreessen Horowitz (a16z), ICONIQ, Greycroft, Ribbit Capital, Coatue, Khosla Ventures, and Zeev Ventures.Earlier this year, Loop Crypto stated that the company has raised a total of $6 million, with part of the funding also coming from a16z.

According to a report by theblock, the total locked value (TVL) of Ethena's synthetic stablecoin USDe has dropped from $14.8 billion in October to the current $7.6 billion, a decline of over 50%.The sharp decline is mainly due to the liquidation of a large number of leveraged loop strategies emerging in DeFi protocols, particularly in lending markets like Aave. Currently, the yield of USDe (around 5.1%) has fallen below the borrowing cost of 5.4% for USDC on AAVE, leading some participants to close their positions.The report states that despite the decrease in TVL, the usage of USDe is on the rise, with on-chain transaction volume exceeding $50 billion last month, indicating that even as speculative positions are gradually unwound.

According to on-chain analyst Yu Jin (@EmberCN), a whale who previously went long on a total of 1,320 WBTC (approximately $132 million) through a circular borrowing method is now close to the liquidation line after the market decline. To reduce risk, this whale sold approximately 465.4 WBTC and 2,686 ETH about 2 hours ago, exchanging them for approximately $56.52 million USDC to repay part of the loan. Among them, the average selling price of WBTC was about $102,722, and the average selling price of ETH was about $3,244.