Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.
Today in crypto, Bitcoin-backed loan platform Ledn reportedly sold about $188 million of bonds tied to Bitcoin‑collateralized consumer loans, US Senator Bernie Moreno is confident the US CLARITY Act will pass soon, and activist investor Starboard Value is pushing Riot Platforms to move faster in developing its AI/HPC business.
Bitcoin-backed loan platform Ledn sold about $188 million of bonds tied to Bitcoin‑collateralized consumer loans into the mainstream asset‑backed securities (ABS) market, Bloomberg reported on Wednesday, citing people familiar with the matter.
In a first-of-its-kind deal, one of the two tranches — the investment‑grade portion — was reportedly priced at a spread of about 335 basis points over a benchmark rate, implying that investors are demanding 3.35 percentage points in extra yield to hold crypto‑linked credit risk rather than conventional consumer ABS.
