Cardano's ecosystem lending platform, Levvy, will cease operations at the end of July.
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AngelList will cease supporting cryptocurrency investments at the end of July due to the shutdown of its third-party payment service.
According to Foresight News , AngelList, a venture capital firm, announced on its official help page that it will no longer support investment and financing using cryptocurrencies starting July 31, 2026. The announcement stated that its third-party cryptocurrency payment service provider will soon cease operations, therefore the option to use digital assets such as USDC, USDT, DAI, and ETH to complete new investments, fundraising, or rolling fund subscriptions will be suspended across the platform until further notice. Other financing methods, such as ACH transfers and wire transfers, will not be affected. The announcement states that investments completed on or before July 31, 2026, will not be affected by this change and require no action from users; thereafter, users will need to use ACH or wire transfer to complete fund payments. For outstanding capital commitments originally planned to be made in cryptocurrency, AngelList advises investors to transfer all corresponding cryptocurrency assets to their AngelList accounts for safekeeping before July 30, or to complete subsequent investments via wire transfer or ACH. AngelList stated that it is evaluating the possibility of restoring digital asset financing functionality through a new service provider, but there is no definite timetable yet.
EMURGO announced that SecondFi, the Cardano wallet that was hacked, will permanently cease operations.
ChainCatcher reports that Cardano's founding entity, EMURGO, stated on Monday that SecondFi, the wallet service that suffered a hack, will not resume normal operations even after a security audit is completed. All users are required to migrate their assets through the official recovery process. SecondFi is a rebranded version of the Yoroi wallet and is described by EMURGO as Cardano's largest wallet provider. According to EMURGO's incident report on June 25th, the service suffered four separate wallet thefts on June 22nd, with 374 addresses compromised and approximately 16 million ADA (worth about $2.4 million at the time) stolen. The team also took emergency measures to recover approximately 129 million ADA. EMURGO stated that compromised wallets should be considered permanently exposed at the address and private key levels, and restoring the damaged seed phrase to other wallets cannot eliminate the risk. EMURGO plans to launch an isolated wallet state inspection tool this week, followed by a secure export tool and an offline migration workshop in Tokyo. They are also building a dedicated recovery fund for the on-chain recovery system, and will return assets to affected users after the external audit is completed.
Binance will delist TST, IOTX leveraged lending and borrowing services on July 10.
According to BlockBeats, on July 6, Binance announced that it will delist all leveraged trading pairs of TST (Test) and IOTX (IoTeX) on July 10 at 10:00 (UTC) and terminate related lending services. Binance will suspend leveraged lending for the aforementioned tokens at 10:00 AM (UTC) on July 7th. Starting at 10:00 AM (UTC) on July 10th, the platform will close all isolated margin and cross margin leveraged positions, automatically settle outstanding debts, cancel pending orders, and remove the relevant leveraged trading pairs. Simultaneously, Flexible Loan and VIP Loan will automatically close any outstanding lending positions involving the aforementioned tokens.
EU banking watchdog calls for crypto lending rules under MiCA
The EBA outlined potential rules for crypto lending and firms providing access to DeFi protocols as part of the European Commission’s MiCA review.
Arch Lending eyes tokenized stocks as next collateral market
Arch Lending’s Himanshu Sahay said on Cointelegraph’s Chain Reaction podcast that the lender plans to move into tokenized equities as onchain stocks gain traction as collateral.
Visa Taps Onchain Lending to Finance Stablecoin Card Programs
The payment processor giant is pairing payment settlement data with blockchain lending tools to help fintechs and stablecoin-linked card programs access working capital.