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šŸš€ Tokenized Private-Credit Platform Untangled Opens Its First $USDC Lending Pool on Celo Untangled Finance, a tokenized real-world asset (RWA) platform backed by Fasanara Capital, launched its first private loan pool on the Celo (CELO) network on Thursday with French fintech lender Karmen. The pool, structured in accordance with Luxembourg securitization rules with a debt ceiling of $6 million at launch, allows accredited investors to deposit USDC stablecoin and will provide capital to Karmen, which specializes in providing instant loans and working capital to small and medium-sized digital enterprises in France, according to a press release. The new pool is part of a potentially broader ā‚¬100 million ($107 million) senior loan deal with Karmen that has not yet been finalized, Untangled reports. Private lending is at the forefront of the asset tokenization trend in the cryptocurrency industry, which brings conventional assets such as bonds, loans, and funds to the blockchain for increased efficiency and transparency, faster settlement, and wider access. "By bringing fintech lending on-chain with an innovative credit assessment models, Untangled showcases the potential of tokenized real-world assets to improve access to funding and risk management for entrepreneurs and businesses worldwide," Isha Varshney, head of ecosystem at network development organization Celo Foundation, said in a statement. Some great news forĀ $USDC supporters. Cryptocurrency exchange WhiteBIT has announced the launch of the Bridged USDC on the Whitechain network. And the best part of this is the free withdrawal of this USDC via the Whitechain network.

šŸš€ Tokenized Private-Credit Platform Untangled Opens Its First $USDC Lending Pool on Celo

Untangled Finance, a tokenized real-world asset (RWA) platform backed by Fasanara Capital, launched its first private loan pool on the Celo (CELO) network on Thursday with French fintech lender Karmen.

The pool, structured in accordance with Luxembourg securitization rules with a debt ceiling of $6 million at launch, allows accredited investors to deposit USDC stablecoin and will provide capital to Karmen, which specializes in providing instant loans and working capital to small and medium-sized digital enterprises in France, according to a press release.

The new pool is part of a potentially broader ā‚¬100 million ($107 million) senior loan deal with Karmen that has not yet been finalized, Untangled reports.

Private lending is at the forefront of the asset tokenization trend in the cryptocurrency industry, which brings conventional assets such as bonds, loans, and funds to the blockchain for increased efficiency and transparency, faster settlement, and wider access.

"By bringing fintech lending on-chain with an innovative credit assessment models, Untangled showcases the potential of tokenized real-world assets to improve access to funding and risk management for entrepreneurs and businesses worldwide," Isha Varshney, head of ecosystem at network development organization Celo Foundation, said in a statement.

Some great news forĀ $USDC supporters. Cryptocurrency exchange WhiteBIT has announced the launch of the Bridged USDC on the Whitechain network. And the best part of this is the free withdrawal of this USDC via the Whitechain network.

Izjava o omejitvi odgovornosti: Vključuje mnenja tretjih oseb. Ni finančni nasvet.Ā Glejte Pogoje.
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šŸš€ According to U.Today: $BTC on Verge of Losing $60,000 Bitcoin is currently on the brink of dropping below the $60,000 level, a significant psychological and technical level for the cryptocurrency. As observed on the chart, a descending trendline is clearly applying downward pressure, guiding Bitcoin into forming lower lows. This pattern suggests that the downward momentum might continue in the near term. The current market dynamics show Bitcoin's price being squeezed by this descending trendline. Every attempt to push upwards meets resistance, leading to lower highs ā€” a classic indicator of a continuing downtrend. Notably, the volume of trades has been decreasing, which typically indicates a weakening of the current trend and potentially sets the stage for a trend reversal. However, the current signals suggest that the market is not yet ready to reverse to being bullish. Adding to the complexity of the movements is the potential formation of a higher low, which could be the first sign of an impending shift in trend. This is a critical observation as it could signify that although the overarching trend is bearish, there is some buying interest at lower levels that prevents further drops, providing a temporary floor for Bitcoin's price. The immediate future of Bitcoin's price largely depends on its interaction with the trendline and key moving averages. Currently, the 50-day Exponential Moving Average (EMA) sits around $65,000, acting as potential upper resistance in case of any bullish reversal.
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šŸ’µ According to AMBCrypto: Will $SOL slide right down to $120? The range (purple) from $156 to $116 has its mid-point at $136. Additionally, the Fibonacci retracement levels at $141 and $122 are also expected to act as support. The rejection on Monday the 6th of May was followed by a 10.8% drop. At press time, the $141 level held as support, but it was unclear if it could hold the bears off for the remainder of the week. The RSI on the 12-hour chart has slipped below neutral 50 as an early indication of growing bearish momentum. The MACD showed bullish momentum had been gathering strength, but it was quickly reversed in the past 48 hours. At press time, the MACD was neutral but threatened to flip bearishly. Traders can expect a minor relief bounce at the $136 mid-range support. The trading volume has remained steadily low in the past two weeks, and if it continues, another drop to the $122 level would be likely. While the price of Solana formed a range in the past month, the Open Interest stayed relatively flat. It saw minor dips and bounces alongside the price oscillation between the range extremes. This indicated a lack of bullish conviction from futures market participants. The spot CVD also formed a range. This was a positive finding for long-term bulls, as it underlines a period of consolidation. Ideally, buyers want to see the spot CVD trend higher during consolidation. Given the uncertainty and fear in the market now, itā€™s good enough that the spot CVD did not begin a downtrend.
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