World Liberty Financial allegedly used illiquid tokens to borrow $75 million, fueling bad debt fears and rattling confidence among traders. World Liberty Financial’s WLFI token risks dipping 20% in April, according to a mix of convincing technical and fundamental indicators. Key takeaways: WLFI is painting a bear flag setup with a 20% downside potential. Read more
Backed by Blockchain Capital, the Amplify suite aims to enable platforms to generate yield and offer lending using customer-held digital assets. Paxos Labs has raised $12 million in a strategic funding round led by Blockchain Capital to expand its Amplify platform, a suite of tools that lets companies offer crypto yield, lending and stablecoin issuance through a single integration. The Amplify suite includes three modules — Earn, Borrow and Mint — allowing platforms to generate yield on digital assets, enable crypto-backed loans and issue branded stablecoins with a single integration designed to unlock additional features over time. According to Tuesday’s announcement, the platform provides a single SDK with configurable controls, while Paxos Labs manages liquidity, counterparty vetting and backend operations, and shares a portion of generated revenue with integrating partners. Read more
Bitcoin rallied alongside stocks and investors’ hope for interest rate cuts, but is the rejection at $76,000 a sign of a bull trap? Key takeaways: The US Federal Reserve's shift toward balance sheet expansion may provide the liquidity needed to boost Bitcoin and broader risk markets. The war in Iran and high oil prices might be driving investors toward scarce assets to hedge against rising inflation. Read more
Tarfin IFN, the non-bank financial institution (NBFI) through which Turkish agri-fintech Tarfin operated in Romania, has absorbed the company Tarfin Agricultura, the local subsidiary held by Tarfin Limited, and thus the two firms became a single entity, as per documents published in the Official Journal.