Machi: ETH 25 times long position partially liquidated, cumulative loss exceeding $20 million

USDm will be minted through Ethena’s USDtb system, giving the new stablecoin a reserve structure similar to one used by existing institutional-grade offerings.The pre-deposit program carries a $250 million cap, with individual deposits uncapped.

Nexo's total loan amount reached $2.03 billion, a year-on-year increase of 69%. Driven by the post election market rebound, the demand for cryptocurrency mortgage loans reached a new high. Bitcoin accounts for 54% of the collateral, while the proportion of altcoins has quietly risen to 32%. （CryptoQuant）

The company's holdings, which include bitcoin and ether, have been managed through trading and hedging strategies since 2017.

[Federal Reserve's Goolsbee: 50-Year Mortgage Rates May Weaken Monetary Policy Impact] Federal Reserve's Goolsbee stated that 50-year mortgage rates could potentially weaken the impact of monetary policy decisions.

[Federal Reserve's Goolsbee: Significant Slowdown in New Job Creation] Federal Reserve's Goolsbee stated that the number of new job positions has shown a significant slowdown.