
Circle Lets Institutions Borrow USDC Against Bitcoin Through Morpho
Circle Mint clients can now deposit bitcoin, mint cirBTC and borrow USDC on Morpho. The lending market, not Circle, sets the rates.
Altcoins, ETH & general crypto

Circle Mint clients can now deposit bitcoin, mint cirBTC and borrow USDC on Morpho. The lending market, not Circle, sets the rates.

Wallets identified in 2024 sold more than $30 million of bitcoin on the venue over three weeks, converted the proceeds and moved them to three exchanges.

Ethena is putting USDe's backing into equity perpetual trades that paid 14% to 17.5% over the summer, while bitcoin funding kept falling. A fee-switch vote runs alongside.

An attacker who controlled Ostium's price-oracle key traded against fake bitcoin prices and drained the protocol's liquidity vault. The contracts never broke.