The Latest NFT Trend: Taking Out Loans on Rolexes
NFT lending protocol Arcade and escrow service 4K aim to create a global pawn shop of strangers, starting with Rolex and Patek Philippe watches.
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Why this matters
This nft story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on DecryptRelated market context
Sui’s Hashi Launches With $500M to Turn Bitcoin Into Productive DeFi Collateral Markets
Key Takeaways: With more than $500 million in locked-in tokens, Hashi will launch its phased mainnet launch. The protocol enables...
A $1,000 MetaMask incident could turn Ethereum’s staking queue into a $5 billion traffic jam
MetaMask's precautionary validator exits are turning a roughly $1,000 reward diversion into a test of Ethereum's staking capacity....
EU Securities Regulator Wants Crypto Platforms to Wind Down Non-MiCA Stablecoin Services
The European Securities and Markets Authority (ESMA) issued an opinion dated Oct. 8 saying licensed crypto platforms should stop s...
New tech to power bitcoin lending is set to debut with $500 million in commitments
Layer-1 blockchain Sui is launching Hashi, an institutional protocol allowing holders to use bitcoin as collateral without moving...
XRPL’s $1.34 billion stablecoin base doesn’t tell us how much XRP users need
Tracked stablecoins on the XRP Ledger totaled $1.338 billion on Oct. 7. For XRP holders, the critical question is how much activit...
Aave layers up security as crypto lending climbs 55%
Aave's enhanced security measures set a new standard in DeFi, highlighting the need for robust defenses amid rising interconnected...