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CertiK: Edel Finance's lending market was attacked, resulting in losses of approximately $204,000.
According to Mars Finance, CertiK monitoring indicates that Edel Finance's lending market has been attacked. Attackers manipulated the collateral price of wGOOGLx (which depends on the balance of its GOOGLx account) to conduct illegal lending, resulting in a loss of approximately $204,000 for the platform. The affected transactions have been flagged, and security agencies are alerting users to the risks.
Fujian Southeast Northwest Technology Group completes RMB 100 million Series B and B+ financing rounds
According to Mars Finance, Fujian Southeast Northwest Technology Group (Fubusi), a domestic textile AI and industrial internet company, announced the completion of its RMB 100 million Series B and B+ financing rounds. This round of financing was led by Xingzheng Innovation Capital, Qingyuan Fund, Mawei State-owned Assets, GF Ganhe, Rongtou Capital, and Gulou Guotou Investment. With this capital support, the company will accelerate the implementation of its AI big data model and AI intelligent agents in the textile industry, upgrade its intelligent manufacturing base, and expand its global footprint, thus solidifying the foundation for high-quality development.
A whale deposited 2.76 million USDC into the Kamino lending vault to earn lending returns.
According to Mars Finance, on July 5th, Onchain Lens monitoring revealed that the whale address "FU76ac" deposited approximately $2.76 million worth of USDC into the Kamino Finance lending vault. These funds were routed to the Kamino Lending Program through the Kvault Program's Invest function, for participation in lending and earning returns.
Hut 8 settles securities class action lawsuit for $2.35 million; Galaxy makes strategic investment in digital asset lending platform Digital Prime Technologies.
According to Mars Finance and BBX data, two leading listed companies in the cryptocurrency sector completed key historical settlements and strategic upgrades yesterday. The key developments are as follows: Hut 8 Corp. (Nasdaq: $HUT) officially disclosed on June 23 that it agreed to pay investors $2.35 million in cash to settle a securities class-action lawsuit stemming from its 2023 acquisition of US Bitcoin Corp (USBTC). The case was heard in the Southern District of New York Federal District Court. The plaintiffs were investors who held Hut 8 securities between February 13, 2023, and January 18, 2024. The core allegation was that the company made significant omissions in disclosing infrastructure issues (including power rationing and network connectivity failures) at its King Mountain Texas Bitcoin mining farm during the acquisition process, constituting material misrepresentation to investors. The trigger for this case was a critical report released by short firm J Capital Research on January 18, 2024, which caused Hut 8's stock price to plummet by over 23% that day. The $2.35 million settlement represents approximately 19.6% of the plaintiff's estimated maximum recoverable damages of $12.08 million, exceeding the historical median settlement rate for similar cases involving only Securities Act claims. The settlement still requires final court approval, and Hut 8 denies any wrongdoing or legal liability. This settlement removes the last major historical legal suspense in the company's AI/HPC data center transformation narrative—allowing the valuation logic for the on-time delivery of its River Bend ($7 billion contract) and Beacon Point ($9.8 billion contract) dual campuses this year to unfold against a cleaner balance sheet backdrop. Galaxy Digital Inc. (Nasdaq: $GLXY) announced on June 23 a strategic investment in Digital Prime Technologies (a securities lending technology platform), with specific financial terms undisclosed. This investment builds upon Galaxy's existing role as a participant in the Tokenet platform—developed by Digital Prime Technologies in partnership with institutional securities lending infrastructure provider EquiLend, Tokenet officially launched in May 2026, aiming to introduce mature workflows, risk control mechanisms, and full lifecycle management systems from the institutional securities lending sector to the digital asset lending market. Galaxy's upgrade from a platform participant to an equity investor directly binds Tokenet platform operations to its own institutional lending and trading businesses, creating a triple synergy of "product + balance sheet + equity." This move aligns perfectly with Galaxy's overall business strategy: building upon the stable cash flow from its 15-year AI data center lease with CoreWeave (Phase 1 133MW delivered in April), Galaxy further reduces its reliance on a single Bitcoin price beta by deepening its institutional digital asset lending infrastructure footprint. On the same day, Galaxy was also listed in an institutional research report as one of the few crypto stocks capable of maintaining business resilience during a Bitcoin price downturn; its diversified portfolio is considered the core reason for its relative decoupling from pure BTC price exposure.