Lending
Babel Finance Reaches Debt Agreement With Counterparties After Withdrawal Freeze
The company will continue to communicate with shareholders as it looks to obtain liquidity support.
Ex-Sushi CTO Raises $8M for NFT Lending Platform Astaria
The platform, led by CEO Justin Bram and DeFi vet Joseph Delong, aims to provide instant liquidity for your JPEGs and should be available to the public by September.
DeFi Protocol Solend Passes Governance Vote to Reverse ‘Emergency Powers’
An emergency governance vote has been passed as Solend plans to take less drastic measures on the liquidation of a large Solana borrower.
Solend’s Whale Liquidation Crisis Prompts Second Vote to Reverse ‘Emergency Powers’
The Solana-based borrowing and lending service is going back to the ballot box.
Babel Finance Suspends Withdrawals, Citing 'Unusual Liquidity Pressures'
Babel Finance has responded to a market downturn by temporarily freezing withdrawals and redemptions.
Crypto Lender Celsius Hires Restructuring Attorneys, WSJ Reports
Celsius announced early Monday it would pause withdrawals along with its swap and transfer products, citing "extreme market conditions."
Swan Bitcoin CEO Calls Celsius Withdrawal Freeze ‘So Opaque’
Cory Klippsten said on CoinDesk TV’s “First Mover” program that the crypto lending platform had misled investors.
Celsius’s CEL Token Jumps 8-Fold in Intraday Spike
The lender’s token reached a high of $2.57 in what appears to be a short squeeze.
Nexo Proposes Celsius Buyout as Rival Lending Platform Halts Withdrawals
Celsius said it also paused its swap and transfer products and did not provide a timeline for resuming withdrawals.
Crypto Lender Babel Finance Lands Unicorn Status With $80M Series B
The funding round sets the firm's valuation to $2 billion.
