collateral

According to The Block, the DeFi native prime broker Project 0 is about to launch Project 0 Pay, which provides users with a way to use the liquidity of their crypto portfolios to pay off credit card debt without selling assets or interrupting yield generation.This new feature essentially tracks users' spending to provide end-of-month statements and calculates borrowing transactions against their portfolios. If approved, the transaction will cover the expenses for that period without liquidating their held assets.

According to the official announcement, Binance will adjust the portfolio margin and the collateral rates for multiple assets such as LRC and QTUM under PMPro on February 27, 2026, at 14:00 (Beijing time).At the same time, Binance Futures will adjust the leverage and margin levels for USDⓈ-M perpetual contracts such as MONUSDT, MASKUSDT, and PEOPLEUSDT on the same day at 14:30. Existing positions will be affected.

According to The Block, Coinbase announced that it has added XRP, Dogecoin (DOGE), Cardano (ADA), and Litecoin (LTC) as collateral assets for its on-chain crypto collateralized lending product provided by the DeFi protocol Morpho. Eligible U.S. users (excluding New York State) can now borrow up to $100,000 USDC without having to sell the aforementioned tokens.Previously, the product supported Bitcoin and Ethereum as collateral, with Bitcoin allowing a maximum loan of $5 million USDC and Ethereum allowing a maximum loan of $1 million USDC.Coinbase stated that the on-chain lending service operates on the Morpho protocol on the Base network, and to date, the total loan issuance has exceeded $1.9 billion. The company charges a one-time borrowing fee, which is included in the loan principal.

Ondo Finance announced that the tokenized stocks of Ondo Global Markets are now live in the DeFi lending market, with SPYon and QQQon being the first to launch, integrated with Morpho and Gauntlet.Ondo's tokenized stocks and ETFs are now available as efficient risk management collateral assets in Ethereum DeFi.

The founder of the Bitcoin payment application Strike, Jack Mallers, posted on the X platform to respond to the adjustment of the margin call policy. He stated that the Strike loan mechanism will not fully liquidate Bitcoin collateral. When the loan falls below the maintenance margin level, the platform will only conduct partial liquidations to restore the loan to approximately 65% of a healthy loan-to-value (LTV) ratio.Jack Mallers added that this mechanism is designed to protect users' Bitcoin assets as much as possible while maintaining loan health and to give customers and Bitcoin prices more time to recover. Based on this mechanism, the liquidation ratio of Strike's overall loan book remains in the low single-digit range of the total outstanding loans, approximately 1%--3%.

According to Decrypt, the Thai cabinet has approved amendments to the Derivatives Act, allowing digital assets to be used as underlying instruments for regulated derivatives. Pornanong Budsaratragoon, Secretary-General of the Securities and Exchange Commission (SEC), stated that this move will "promote more inclusive market growth, facilitate diversification and more effective risk management, and expand investment opportunities for a broader range of investors."The SEC will formulate subsequent rules to amend the derivatives license, enabling digital asset operators to offer crypto-related contracts and coordinate with the Thailand Futures Exchange (TFEX) to establish contract specifications.

The Thai Cabinet has approved amendments to the Derivatives Act, allowing digital assets to be used as supporting tools for regulated derivatives. The Secretary-General of the Securities and Exchange Commission (SEC), Pornanong Budsaratragoon, stated that this move will promote more inclusive market growth, facilitate diversification and more effective risk management, and expand investment opportunities for a broader range of investors.The SEC will formulate subsequent rules to amend the derivatives license, enabling digital asset operators to offer crypto-related contracts and coordinate with the Thailand Futures Exchange (TFEX) to establish contract specifications.

According to official news, Ondo Finance announced a partnership with Chainlink to accelerate the application of tokenized U.S. stocks in the DeFi space by adopting Chainlink as the official data oracle.It was introduced that Chainlink provides institutional-grade pricing tailored specifically for Ondo's on-chain tokenized stocks, allowing DeFi protocols to price Ondo Global Markets assets with top-tier accuracy, manage positions securely, and offer users stronger protection during market volatility.Currently, the initial lending of Ondo tokenized assets, including SPYon, QQQon, and TSLAon, supported by Chainlink, has gone live on Euler, enabling users to borrow stablecoins using tokenized stocks and ETFs as collateral. In the future, tokenized stocks and ETFs will expand to more markets, vaults, and structured products, facilitating more efficient capital deployment and portfolio construction.

According to the official announcement, Binance and Franklin Templeton have launched their first collaborative product - the Institutional OTC Collateral Program. This program allows eligible institutional clients to use tokenized money market fund (MMF) shares issued through the Franklin Templeton Benji technology platform as collateral for trading on Binance.This initiative aims to enable institutional traders to participate in the digital market using traditional, regulated, and yield-generating money market fund assets without the need to deposit assets into the exchange, thereby reducing counterparty risk and earning returns.

According to on-site reports from Foresight News, the Chief Executive Officer of the Hong Kong Securities and Futures Commission (SFC), Ashley Alder, stated at the Consensus 2026 conference that the SFC is committed to establishing a comprehensive regulatory ecosystem for virtual assets and announced three new initiatives:Guaranteed Financing: Allow brokers to provide financing services to clients with good credit backgrounds, with collateral that may include securities and virtual assets. Initially, this will only be open to Bitcoin and Ethereum, and a prudent haircut will be required in accordance with traditional financial standards.Perpetual Contracts: A high-level regulatory framework will be announced, allowing licensed platforms to offer perpetual contract products. This service is currently limited to "professional investors" and requires platforms to have extremely high transparency and the ability to manage volatility fees and automatic liquidation risks.Associated Market Makers: Regulations will be relaxed to allow licensed platforms to provide liquidity through their affiliated market-making units, provided they can demonstrate functional independence and strict management of conflicts of interest.Alder pointed out that tokenized assets have developed rapidly over the past year, with the asset management scale of tokenized gold reaching $400 million, doubling in the past six months. Currently, the SFC has authorized 11 tokenized money market funds. In addition, Project Ensemble is piloting the use of tokenized deposit settlement money market funds. Regarding the regulatory roadmap, the SFC has published a consultation summary on virtual asset trading and custody and plans to collaborate with the SAR government to submit relevant legislative proposals within this year.

According to The Block, Russia's largest bank Sberbank is planning to launch a corporate loan product backed by cryptocurrency. A spokesperson for the bank stated that this move is driven by strong customer demand and mentioned that they are ready to collaborate with the Central Bank of Russia to develop the relevant regulatory framework.The plan follows a similar path to international banks, such as JPMorgan exploring such products, while Wells Fargo has already provided related services. At the end of last year, Sberbank completed a pilot transaction with mining company Intelion Data, which used its own digital currency as collateral, while the bank managed the collateral through its proprietary custody infrastructure and Rutoken hardware solution.

Aave founder Stani posted on the X platform, stating that the Aave protocol and the entire DeFi ecosystem have experienced a remarkably resilient week. Over the past seven days, the protocol has liquidated collateral worth more than $450 million across multiple networks. For a lending protocol with a scale exceeding $50 billion, this accounts for about 0.9% of the total deposits at that time. Meanwhile, Aave continues to accumulate additional revenue.There may be bad debts during the lending process, and Aave has built-in mechanisms to handle such situations. Its resilience is attributed to a broad, autonomous liquidation network. Additionally, a new liquidation engine will be launched for Aave V4, bringing greater flexibility and performance to the protocol.Stani believes that DeFi wins through resilience, transparency, and superior cost structures, and these systems should be applied to all assets in both the crypto space and traditional finance.

Aave founder Stani posted on the X platform that the Aave protocol and the entire DeFi space have experienced a remarkably resilient week. Over the past seven days, the protocol has liquidated collateral worth more than $450 million across multiple networks. For a lending protocol with a scale exceeding $50 billion, this accounts for approximately 0.9% of the total deposits at that time.At the same time, Aave continues to accumulate additional revenue. Bad debts may occur during the lending process, and Aave has built-in mechanisms to handle such situations. Its resilience is attributed to a broad, autonomous liquidation network. Additionally, a new liquidation engine will be launched for Aave V4, bringing greater flexibility and performance to the protocol. Stani believes that DeFi wins through resilience, transparency, and superior cost structures, and these systems should be applied to all assets in both the crypto space and traditional finance.

According to crypto analyst Ai Yi @ai_9684xtpa's monitoring, as ETH continues to decline, Trend Research's current main ETH collateral positions, without additional margin or reduction, have liquidation price ranges concentrated between $1781.09 and $1862.02.Data shows that Trend Research currently holds a total of 618,245.96 ETH, distributed across 6 addresses, with a total collateral of approximately $1.33 billion in WETH and borrowing stablecoins of about $939 million.Among them, the largest single position is collateralized with 169,891 ETH, with a liquidation price of approximately $1833.84; another major position is collateralized with 175,843 ETH, with a liquidation price of approximately $1862.02; the remaining positions have liquidation prices of approximately $1808.05, $1781.09, $1855.18, and $1856.57, respectively. Overall, if the ETH price further falls to the aforementioned range, the related positions will face concentrated liquidation risks.

According to on-chain analyst Yu Jin's monitoring, a giant whale/institution that has been dormant for 5 years made a leveraged long position on ETH early this morning: it collateralized 44,500 ETH (100.2 million USD) to borrow 70 million USDT and continued to buy 30,222 ETH at a purchase price of 2,316 USD. The ETH collateralized by this whale was withdrawn from Bitfinex 5 years ago when the ETH price was 1,354 USD. Currently, the profit is 42.57 million USD.

According to on-chain analyst Ai Yi's monitoring, the ETH price briefly dropped to $2805. Trend Research (0xE5C...4e4c) withdrew 36.39 million USDT from Binance 15 minutes ago and deposited it in Aave in batches as collateral. Currently, this address holds 661,272.65 ETH, with an average cost of about $3104.36, resulting in an unrealized loss of $179 million.

According to CoinDesk, Coinbase has launched a new lending feature for eligible users in the U.S. (excluding New York) that allows users to use their staked Ethereum's tokenized receipt, cbETH, as collateral to borrow up to $1 million in USDC, enabling investors to raise funds without selling or unstaking their ETH.This feature is powered by the on-chain lending protocol Morpho, offering over-collateralized variable-rate loans with no fixed repayment term. The USDC borrowed can be exchanged for dollars within the platform. This move aims to expand the utility of staked Ethereum, allowing users to gain liquidity while maintaining exposure to ETH price and staking rewards. Users must keep their loan-to-value ratio below 86% to avoid triggering automatic liquidation during market volatility.

According to market news, Norwegian listed company K33 has announced the launch of a crypto loan service backed by Bitcoin and Ethereum, initially open to a select group of qualified clients, with loans issued in stablecoins such as USDC.K33 stated that it will also include its own holdings of Bitcoin in the service operation, creating a revenue-generating digital asset solution.

According to Ember Monitoring, a trader, after realizing a floating profit of 1.8 million USD on ETH short positions today, rolled over the profit to open a BTC short position worth 52.48 million USD. With a principal of 3 million USDC, he has now opened a short position valued at 152 million USD, with an actual leverage of up to 35 times, and the liquidation price is very close.31,093 ETH short positions (99.87 million USD), opening price 3,270 USD, liquidation price 3,264 USD. Floating profit 1.8 million USD.563 BTC short positions (52.48 million USD), opening price 92,623 USD, liquidation price 96,057 USD. Floating loss 280,000 USD.

According to market news, Nasdaq-listed company Galaxy Digital announced the completion of the issuance of its first tokenized collateralized loan obligation "Galaxy CLO 2025-1" on the Avalanche blockchain, with a scale of $75 million. The related funds will be used to support Galaxy's lending business, including financing an uncommitted credit line provided to Arch Lending.It is reported that Galaxy's lending team and digital infrastructure team are responsible for the structuring and tokenization of this collateralized loan obligation (CLO), while Galaxy Asset Management is responsible for the issuance and management of the collateralized loan obligation.