Morpho’s 5M DeFi Round Tests Onchain Credit’s Future

Investors are increasingly backing stablecoin and credit infrastructure rather than decentralized finance (DeFi) lending alone, with Morpho Labs’ latest funding round drawing attention to onchain credit markets, according to Spark CEO Sam MacPherson.Morpho announced Tuesday that it raised $175 million in a round led by Paradigm, a16z crypto and Ribbit Capital. While Morpho is widely known as a DeFi lending protocol, the company said that it aims to become a credit infrastructure layer for banks,…

United States

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Politics

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Expiring spy law sparks warnings of ‘fatal’ consequences ahead of World Cup

NEWYou can now listen to Fox News articles! One of the government’s most powerful surveillance tools will go dark this weekend, and lawmakers aren’t sure what that means for the nation’s intelligence-gathering authorities. Democrats rejected attempts in the House and Senate to extend Section 702 of the Foreign Intelligence Surveillance Act…

Business

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Major crypto exchanges cancel SpaceX IPO allocations

Crypto trading platforms Bybit, Binance, Bitget Wallet and MEXC canceled their tokenized SpaceX IPO campaigns as SpaceX went public on the Nasdaq on Friday. SpaceX’s IPO, which was reportedly more than four times oversubscribed, raised $75 billion as it became a publicly traded company. SpaceX shares opened for trading at $150…

Lifestyle

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