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🚀 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 €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 for $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.

🚀 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 €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 for $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.

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👀 According to BeinCrypto: $FET Price Prediction Fetch.ai’s price could see bearish momentum build as its investors are making bearish moves at the moment. The first sign of this is visible in the asset’s network growth, which refers to the formation of new addresses on the network. This is essential in ascertaining whether the project is gaining or losing traction in the market. In the case of FET,  network growth has dropped to a seven-month low, suggesting that investors do not see much incentive to transact on the network. Furthermore, the Market Value to Realized Value (MVRV) ratio also supports a bearish outcome. The MVRV ratio assesses investor profit or loss. Fetch.ai’s 30-day MVRV sits at 12%, signaling profit, potentially prompting selling.  Historically, FET corrections occur within the 7% to 30% MVRV range, which is labeled a risk zone. Thus, Fetch.ai’s price could draw a drawdown if investors opt to book profits. Fetch.ai’s price, $2.24, is hovering just above support at $2.22. This price point has also been tested as resistance in the past, and sustaining a move above it is key to ensuring a breach of $2.49. This price level has been breached a few times in the past two months, but the Fetch.ai price has been unsuccessful in closing above it. Given the aforementioned factors, FET could dip to lows of $1.95. But if the altcoin does manage to bounce back and flip the resistance of $2.49, it could head towards $2.85. This would also invalidate the bearish thesis Fetch.ai’s price is witnessing.
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🚀 According to AMBCrypto: $SOL Volume Shows Growth AMBCrypto’s examination of Solana’s volume on DefiLlama revealed a significant pickup in volume over the past few months. Compared to previous years, the network has experienced considerable volume. This is indicative of increased activity this year.  In March, the volume surged to over $3 billion before gradually declining but maintaining levels around the $1 billion mark. As of this writing, the volume was almost $1.5 billion. The notable increase in transaction volume may not be surprising given the recent proliferation of meme coins launched on the network. AMBCrypto’s analysis of Solana’s price trend showed that it had experienced downtrends in recent days. On the 27th of May, it recorded a gain of 4.15%, pushing its price to approximately $170. However, despite this gain, SOL has struggled to recover from previous declines. The analysis also highlighted the $180 zone as a resistance level. As of this writing, SOL was trading at around $168, showing a negligible gain from the previous trading session. 
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đŸ”„According to U.Today: $SHIB Surprises Everyone Shiba Inu has clearly caught most investors off-guard. The meme token broke through the $0.000025 psychological threshold, bounced off the 50 EMA in an explosive manner and is currently eyeing $0.00003. This sudden surge raises a compelling question: can SHIB maintain its momentum and hit $0.00003? The recent breakout over the resistance at $0.000025 occurred with huge volume, indicating the interest of buyers. The level is both psychological and a technical resistance that SHIB has grappled with in the past. Therefore, crossing above it implies a change in market sentiment and possible further upward moves. The 50-day EMA is a sign that is heavily in favor of SHIB. Recently, the token has pulled up from the support at this moving average, with a new determination to show the 50 EMA as a strong indicator of bullish sentiment. A move to test $0.00003, however, comes with some bullish flashes. The successively higher lows and higher highs show that the stock is on an upward trajectory. The volume spike that comes at the same time of the breakout puts a sting into the case for a bullish run. As such, if the buying pressure persists, the upside target price of $0.00003 can easily come into the picture with SHIB above the 50 EMA. However, possible hurdles cannot be ruled out. The $0.000028 area could play as the temporary resistance. If SHIB consolidates in this area and does some base-building, the case for a further move to $0.00003 would be even stronger. Another aspect to keep an eye on is, of course, the RSI. It sits near the overbought status. If it moves above this, we may see some short-term selling followed by one more leg upwards.
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đŸ’„ According to U.Today: $XRP s struggle XRP's path on the market was full of questionable moves and problematic situations. Unfortunately, things are not changing that much as the cryptocurrency stays below numerous resistances, the price shows sideways movement since the beginning of 2024 and the general outlook for the asset looks gloomy. Let's break down why that is. The story on the XRP chart has been one of consistent struggle. Every attempt at rallying thus far has failed to break above the several important moving averages, and prices have been forced not to bulk up. The existence of the 50-day EMA, the 100-day EMA and the 200-day EMA, all acting as big hurdles in the way of an important movement toward the upside, has made it difficult. This confluence of resistance levels makes it difficult for XRP to take off with momentum. Another element is that volume trends, which portray a worrying picture, continue to decrease, symbolizing an absence of sufficiently strong buying interest. The higher the volume, the harder it becomes to break out of these tough resistance levels. Currently, the RSI is hovering in the middle of the 50s and is mostly indicative of the indecision on the market and the lack of a well-defined trend. XRP has to fight to eventually break out and, thereafter, move on to a positive trajectory. This includes a strong and clear move above the 200-day EMA, riding a big volume surge that validates the move.
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