Ledn has completed a groundbreaking $188 million asset-backed bond issuance secured by Bitcoin, signaling growth in crypto-backed lending despite market downturns. Coinbase expands crypto loan options, allowing borrowing of USDC against multiple altcoins, excluding New York users. The crypto lending sector faces a 36% decline in active loans and a 42% drop in total value locked due to sustained price drops and increased liquidation risks.

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