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Tether Strategic Investment in Bitcoin-backed Lending Provider Ledn

2025.11.18 21:32:34

On November 18th, Tether made an announcement regarding a strategic investment in Ledn, a Bitcoin-backed loan provider. This investment is aimed at expanding the opportunities for Bitcoin-backed lending. Ledn's infrastructure encompasses advanced custody, risk management, and settlement systems, which ensure the security of customers' digital assets used for loans throughout the loan period. Given that the Bitcoin-backed lending market may be on the verge of entering a significant growth phase, Ledn is well-positioned to enhance credit accessibility in both the retail and institutional markets. Since its establishment, Ledn has provided over $2.8 billion in Bitcoin-backed loans. In 2025 alone, the amount issued is expected to exceed $1 billion, marking the company's most robust annual performance to date. Just in the third quarter of 2025, Ledn disbursed $392 million in loans, which is nearly on par with the total for the entire year of 2024. Currently, the company reports an Annual Recurring Revenue (ARR) of over $100 million, indicating the increasing demand for secure Bitcoin-backed lending products.
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Whale Trader "pension-usdt.eth" Secures 21 Consecutive Wins, Latest Short Position Enjoying $2.21 Million Profit

April 2nd — Per LookOnChain monitoring, as Bitcoin fell below $67,000, crypto swing trader whale "pension-usdt.eth" locked in a 21-game winning streak. His current short position holds a floating profit of $2.21 million, pushing his total gains past $32.65 million. As reported yesterday, the whale opened a 3x leveraged short position using 500 BTC.

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Insight: Trump Appears to Still Favor a 'Pressure-First' Strategy

April 2 – Pepperstone Group research strategist Dilin Wu noted Trump’s speech was indeed disappointing. While claiming victory, Trump threatened to target Iran’s energy and power facilities and signaled a major strike could be launched in the next two to three weeks — essentially business as usual. Earlier comments about withdrawing U.S. troops from the Middle East now appear more like an attempt to soothe markets while retaining pressure options. Evidently, he still favors a "pressure-first" strategy over a full thaw in relations. (FXStreet)

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Analyst: Market Hungry for More Progress, Sees Several Weeks of Uncertainty on Iran War

On April 2, IG market analyst Tony Sycamore stated: “Previously, the market’s baseline expectation was that tensions would keep easing—and we’ve seen clear signs of that over the past few days. The trend still holds, but the market’s hungry for more tangible progress. To me, this speech didn’t offer much new insight.” He added: “The Strait of Hormuz remains the biggest wild card in everyone’s playbook. For stocks, it’s a classic ‘buy the rumor, sell the fact’ reaction—while the oil market’s response has been the exact opposite. Right now, uncertainty over the next two to three weeks is hanging over the market.” (Source: FXStreet)

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Fleeting Victory Illusion Shattered in Market, Japanese and South Korean Stocks Plummet

On April 2, stock markets in Japan and South Korea tumbled after Donald Trump failed to outline a clear ceasefire timeline in a national address. The Japanese Nikkei 225 index erased earlier gains, last down 1.1% at 53,151.80 points. South Korea’s KOSPI index dropped 3.00% intraday and was last trading at 5,313.97 points. Trump’s comments dashed market hopes for a swift resolution to the Iran conflict. He stated the U.S. is on the verge of achieving all its military objectives and will launch fierce strikes against Iran in the next two to three weeks. (Source: FX678)

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Iran Launches Missile in Response to Trump Speech

April 2: Moments after Donald Trump concluded his national address, Iran launched another barrage of missiles at Israel. (Kimchi)

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SlowMist: Drift's multi-signature mechanism was modified a week before the theft, followed by an admin key leak

**April 2nd: SlowMist’s Drift Hack Analysis** SlowMist’s breakdown of the Drift protocol hack shows that one week before the attack, Drift updated its multisig setup to a 2/5 threshold (1 existing signer + 4 new signers) and skipped implementing a timelock. The attacker exploited this gap to gain admin access, mint counterfeit CVT tokens, manipulate the oracle, disable security protocols, and siphon high-value assets from the liquidity pool. Stolen funds have since been consolidated into a single Ethereum address, holding roughly 105,969 ETH (valued at ~$226 million). SlowMist noted that tracking efforts for the funds are ongoing.

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