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Crypto Ponzis Everywhere: Insane Onchain Lending Binges Spark Global Financial Chaos

A chaotic cityscape with skyscrapers engulfed in flames as people frantically run away from a massive explosion caused by overheated computers and screens displaying cryptocurrency prices. A giant LED screen at the center of the chaos displays an endless loop of rising stock values, while others show plummeting crypto assets.

Institutional activity heats up: Onchain lending surges as desperate attempts to get rich quick reach new heights.

Source: cointelegraph

Lending platforms are seeing a significant increase in loans processed this year. According to Ledn, a firm offering decentralized lending and savings, it registered a $1.65 billion increase compared with the same period last year.  In the third quarter of 2024, the company processed over $437 million in digital asset loans to institutions, an increase of 14% from the previous quarter. This growth is part of a wider trend of […]

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