loan

According to The Wall Street Journal, the Pentagon is negotiating a loan of about 5 billion dollars to the AI cloud computing startup FluidStack to strengthen the supply chain of data centers in the United States.

Arya.ag, an agricultural warehousing and loan company in India, is testing a system for tokenizing warehouse receipts for stored grains on the Avalanche dedicated Layer 1 blockchain. Arya.ag is collaborating with Finternet to connect grain storage, warehouse receipts, collateral commitments, and loan statuses through this network. Devika Mittal, head of Ava Labs India, stated that the testing is underway, with each tokenized warehouse receipt representing ownership of the stored goods.Sanmesh Kalyanpur, a director at Finternet Labs, mentioned that Arya.ag's samplers collect information on stored grains and input it into the company portal. Finternet will integrate farmers, commodities, warehouses, and insurance information into a "composite token" for banks to assess collateral risks. Arya.ag stores approximately $2 billion worth of agricultural products in its warehouse network and supports loans of about 120 billion Indian Rupees (approximately $1.26 billion) annually, with its loan department, Arya Dhan, disbursing around $230 million in loans each year.The concept of Finternet originated from a 2024 paper by the Bank for International Settlements (BIS), co-authored by Infosys co-founder Nandan Nilekani and then-BIS General Manager Agustín Carstens, proposing the establishment of an interconnected unified ledger for tokenized assets. In 2024, the Indian government launched a 10 billion Rupee credit guarantee scheme to encourage financing against electronic transferable warehouse receipts. The two companies have not disclosed the expected launch date or initial deployment scale.

According to on-chain analyst Yu Jin's monitoring, a whale holding 149,800 ETH worth $377 million through borrowing leverage sold 6,000 ETH four hours ago, exchanging it for 14.97 million USDe to repay a loan on Aave, with a selling price of $2,496.Currently, the whale holds 143,800 ETH worth $362 million and has a debt of $181 million on the lending platform, employing an overall leverage of 2 times.

SoftBank Group announced that it will fully repay the outstanding balance of $25.9 billion under the bridge loan agreement on September 15, which was primarily used for subsequent investments in OpenAI.

According to CoinDesk, data from Curve Finance shows that its lending market has recorded a total of 704 "soft liquidation" events, involving 602 borrower addresses, with a median duration of 14.5 days, of which a quarter lasted at least 38.9 days, and some positions remained within the liquidation range for several months. Of these soft liquidations, 476 began in the first half of 2026. Unlike traditional lending protocols such as Aave and Compound, Curve's LLAMMA system does not sell off collateral all at once after the price drops below a threshold, but gradually converts collateral into borrowed assets within a price range. If the price rebounds before the loan completely fails, some or all of the conversions may be reversed. This means that borrowers are not in a grace period; their collateral has been partially liquidated during the loan's duration, but they still have the opportunity to restore their positions if the price reverses. However, soft liquidations are not without costs. Data shows that borrowers may still incur losses due to transaction fees, conversions, rebalancing, interest, and bid-ask price fluctuations, and if the market remains unfavorable, positions may still fall into hard liquidation. Curve Finance is a mainstream DeFi protocol focused on stablecoin exchanges and crvUSD lending, currently holding approximately $1.35 billion in deposits, with a DEX trading volume of about $3.4 billion over the past 30 days and active loans of about $46 million.

According to the Phoenix Veritas Foundation, the cultural token themed around Hunter Biden's laptop, LAPTOP, has been issued on the Base chain, with a total supply of 1 billion tokens. The initial circulation at TGE is 350 million tokens (35%). In terms of token distribution, the founders (including Hunter Biden) and the prediction mechanism each account for 30%, community airdrops account for 20%, liquidity and the foundation treasury each account for 10%, and charitable distribution accounts for 5%. The founders' tokens have a 6-month lock-up period and a 24-month linear unlock.LAPTOP has no utility and is positioned as a purely cultural digital collectible, with its value entirely driven by community sentiment. The token contract has been audited for security by Hacken in April 2026, with no major vulnerabilities. Regarding market makers, the foundation has signed lending agreements for a total of 20.5 million tokens with G20 and GSR.

According to CoinDesk, the Bitcoin mortgage product jointly launched by Better Mortgage and Coinbase has been fully launched last week. Borrowers can pledge Bitcoin at a 250% collateral rate to pay for the down payment on a home. For example, to purchase a $500,000 property, one would need to pledge $250,000 in Bitcoin to support a $100,000 down payment. Since the full launch, the pre-application loan scale has reached $360 million, higher than the previous estimated $260 million from the waiting list users.At closing, borrowers will receive two loans: one is a conventional mortgage secured by the property that meets Fannie Mae standards, and the other is a down payment loan secured by pledged Bitcoin and a subordinate lien on the property. Better disclosed that it may re-pledge the Bitcoin pledged by borrowers, as long as an equivalent amount of assets is retained for return. Borrowers cannot retrieve their crypto assets early and must wait until the conventional mortgage is fully repaid or refinanced to recover them, meaning Bitcoin may be locked for up to 15 to 30 years.Unlike typical crypto loans, a drop in Bitcoin prices will not trigger a margin call or automatic liquidation; liquidation of pledged assets may only occur 60 days after the borrower defaults. Coinbase only acts as a custodian and technology provider and does not participate in credit decisions. Currently, the product only supports Bitcoin collateral; both parties mentioned USDC when announced in March but ultimately chose to launch with BTC first.

The decentralized lending protocol Pencil Finance has announced the completion of a $1 million student loan portfolio on-chain, including fundraising, lending, repayment records, and fund returns, constituting a complete financing and repayment cycle. Animoca Brands, Open Campus, and NewCampus provided funding for this portfolio in July 2025.The education financing company ErudiFi issued most of the funds through Southeast Asian student loans and tuition financing, covering markets such as Indonesia and the Philippines. The portfolio operates for 12 months, supporting over 6,600 students across 118 schools and universities, of which approximately 1,050 students received funding directly attributable to Pencil Finance. Investors are divided into priority and subordinate shares, with the former providing fixed returns and enjoying repayment priority, while the latter has variable returns and bears the first loss from defaults. Pencil Finance claims this is the first fully on-chain student loan cycle, but has not disclosed interest rates, investor yields, default situations, or blockchain transaction records.

According to Xinhua News Agency, the Bank of China Inner Mongolia Branch recently issued the first "Computing Power Token Loan" in the Inner Mongolia Hohhot New Area. By innovating the credit evaluation system, it incorporates the scale of enterprise token usage, computing power cooperation orders, core technology qualifications, and scientific research and development capabilities into the core credit indicators, while weakening traditional mortgage guarantee requirements.Currently, Hohhot's computing power scale reaches 150,000 P, of which intelligent computing accounts for 146,000 P, and the green computing power index ranks first in the country. The local area also promotes "Computing Power Loans" and medium-to-long-term technological transformation loans, using policy financial tools and syndicated loans to address capital and large fund needs, and has launched "Computing Chain Insurance" and cybersecurity insurance to provide diversified risk control guarantees for heavy asset projects such as data centers against fire, water damage, machine failure, and more.

Student Loan RWA Agreement Pencil Finance announced the completion of its first fully on-chain student loan cycle, deploying $1 million in funding as a lender, with borrowers having repaid both principal and interest to the funders of the asset package. This loan package was funded in July 2025 by Animoca Brands, Open Campus, and New Campus, and is structurally divided into fixed-income senior shares and floating-income junior shares that bear the risk of priority losses.This $1 million on-chain loan cycle provides financing for approximately 6,600 students across 118 schools and universities in Southeast Asia, with about 1,050 students receiving direct funding. Pencil Finance stated that these loans target student groups underserved by traditional financial institutions, with 50% of borrowing students being female and 93% coming from low-income families, claiming this is the first fully on-chain loan cycle to transparently record student loan financing on the blockchain.In addition, tokenized RWA is increasingly being used to issue loans or as collateral for loans. In July of this year, the Brazilian stock exchange B3 issued a loan of 100,000 Brazilian Reais (approximately $19,600) secured by 10 tokenized cows, each cow possessing a unique digital token linked to a crypto digital identity.

Term Labs released a technical report on the security incident, confirming that all fixed-rate loan positions in the affected vault have been restored as of August 25. The incident was limited to the liquid balance within the Term vault, and Term V1 and V2 contracts were not compromised, with the direct lending market remaining open.Attack process: From August 17 to 18, the attacker funded an operational wallet through Tornado Cash and submitted a malicious proposal disguised as a governance proposal, setting the governance delay parameter to zero and removing the window for LP blocking changes. On August 23, the attacker executed two batches of attacks, extracting assets from the ETH and USDC strategies and transferring them to the attacker's wallet. Term Labs stated that it has cooperated with law enforcement, the affected vault and strategies have been closed, and the contracts have been upgraded and migrated before expiration.

ByteDance is set to secure a $29.6 billion syndicated loan. Initially, ByteDance planned to raise $20 billion, but due to strong demand from banks, the size was ultimately increased to $29.6 billion. The funds will primarily be used for general corporate purposes. The transaction has not yet been officially signed, and banks are still confirming allocation amounts. Once completed, this loan will become the second-largest dollar-denominated syndicated loan in Asia this year, following SoftBank Group's $40 billion bridge loan in March.ByteDance is accelerating its investment in AI, considering raising its capital expenditures to as much as $70 billion in 2026, which is more than double last year's amount, mainly for the expansion of data centers and other AI infrastructure. The last large-scale overseas loan by ByteDance occurred in 2024, raising approximately $10.8 billion.

According to Slow Mist monitoring, Float Protocol suffered a flash loan attack, resulting in a loss of approximately $28,000 (10.71 ETH). The attacker manipulated the Uniswap V3 spot price (slot0) through a flash loan, leading to incorrect pricing of LP shares in the Hypervisor contract, with key functions lacking TWAP/oracle verification and slippage protection mechanisms.The attacker distorted the values of currentTick() and getTotalAmounts() by making large trades in the V3 liquidity pool, then repeatedly deposited and withdrew the inflated share value to arbitrage.

Watcher Guru posted that Russia's largest bank, Sberbank, will accept Bitcoin, Ethereum, and USDT as collateral for loans.

SoftBank Group is seeking an additional $10 billion loan to refinance the related debt incurred from its investment in OpenAI and to raise further funds. According to informed sources, this loan has a term of two years and an interest rate approximately 275 basis points higher than the secured overnight financing rate (SOFR), with Mizuho Bank serving as the lead arranger and bookrunner.

Better collaborates with Coinbase to launch Bitcoin collateral loans, allowing borrowers to obtain funds using BTC as collateral, providing liquidity without the need to liquidate and avoiding capital gains tax.

Hyperliquid co-founder Jeff Yan stated that the manual borrowing feature of HyperCore has been launched on the testnet. Currently, all borrowing functions on the mainnet are still limited to the portfolio margin model.The HyperEVM smart contracts can now access HyperCore's lending features through CoreWriter and read-only precompiled contracts.

The Slow Mist security team disclosed that the cross-chain bridge project Allbridge was attacked on August 19, 2026, resulting in a loss of approximately $190,000. Notably, this attack was not executed instantly; the attacker had begun laying the groundwork nearly a month prior and bypassed the verification mechanism by forging cross-chain messages. According to Slow Mist's analysis, on July 26, the attacker directly called Circle's MessageTransmitterV2.sendMessage function on the Polygon chain, constructing a cross-chain message disguised as a CCTP style message, claiming that a transfer of 1 million USDC existed, but in reality, no USDC destruction operation took place. Subsequently, Circle generated a valid verification proof (attestation) for this complete message according to normal procedures.About 24 days later, on August 19, the attacker waited for the Base Router to receive a real CCTP deposit, increasing the balance to approximately 191,000 USDC, and initiated the attack just 6 seconds later. The attacker utilized the previously forged message and verification proof to call Allbridge's receiveCctpMessage function. Due to the project's lack of critical verification, the system mistakenly recognized the false cross-chain message as a real deposit and recorded a limit of 1 million USDC. The attacker then temporarily borrowed approximately 809,000 USDC through an Aave flash loan, matching the Router balance with the forged amount, and used the internal credit record to call the transfer function, ultimately transferring out approximately 999,000 USDC (after a 0.1% fee). After repaying the flash loan and fees, the attacker netted a profit of about $189,800. The root cause of this vulnerability lies in Allbridge's failure to verify the identities of the sender and receiver of the cross-chain message, as well as not confirming whether USDC was genuinely minted and whether the balance actually increased, instead directly trusting the amounts and message hash data constructed by the attacker. Slow Mist emphasizes that on-chain message verification does not equate to the actual arrival of real assets. Cross-chain protocols not only need to verify the authenticity of messages but must also ensure that the message source is trustworthy, that the receiver is Circle's official TokenMessengerV2, and that asset accounting can only proceed after confirming the actual minting of assets and changes in balance. This incident once again highlights the security risks of cross-chain bridges in the message verification and asset settlement processes.

According to PR Newswire, cryptocurrency institutional broker FalconX announced a $1 billion secured loan financing mechanism in collaboration with the stablecoin protocol Ethena. The two parties will utilize Ethena USDe reserve assets through a special purpose vehicle (SPV) to provide over-collateralized credit services to institutional clients.According to the announcement, this financing mechanism will connect Ethena's on-chain liquid assets with FalconX's institutional lending demand, driving on-chain capital into the traditional credit market. The loan assets will be held by qualified custodians, while FalconX will be responsible for asset origination, loan servicing, and collateral management.Ethena is the developer of the stablecoin protocol USDe. USDe maintains its dollar-pegged stability through crypto asset collateralization and hedging mechanisms, and has already partnered with several centralized exchanges and DeFi protocols. FalconX is a digital asset prime broker aimed at institutional investors, providing trading, financing, and liquidity services.

According to ChainCatcher, Guangdong Province's first special financial product for the token economy, "Token Loan," was launched in the Haizhu District of Guangzhou. Taking Bank of China Guangzhou Branch as an example, a dedicated financing product specifically developed for small and micro enterprises in Haizhu's computing power sector—the Computing Power Token Loan—has been introduced. The credit limit is determined based on the contract/token consumption amount and can provide guarantees mainly through credit, accounts receivable pledges, and order financing. It can also combine guarantees, mortgages, and other forms of collateral to further expand the credit limit. New companies can apply for financing based on orders if they provide continuous operation proof materials from their original operating enterprises or offer guarantees. It is reported that the initial credit funding from Bank of China has reached 28 million yuan.