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Crypto lender Babel Finance halts withdrawals due to liquidity pressures

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Hong Kong-based asset manager Babel Finance is the latest crypto lending firm to signal the growing crisis of the cryptocurrency lending industry amid the bear market.

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Coin Market

Tether sued over frozen ‘pig butcher’ coins, 6,600 students get crypto loans: Asia Express

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Thai businessmen sue Tether over $42M frozen USDT tied to pig butchering scam, Aussie crypto firms face big fines unless they meet licensing deadline.

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CFTC files to dismiss CME lawsuit over crypto perpetual futures

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The CFTC’s lawyers called the lawsuit “much ado about nothing,“ claiming that the CME Group lacked standing to file and argued against its claims over crypto perpetual futures.

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Mantle adds Paxos’ USDG stablecoin, joins Global Dollar Network

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Mantle has added Paxos-issued USDG as a natively minted stablecoin while joining the network’s reward-sharing structure.

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