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Crypto

DeFi lending protocol Zerolend to halt operations, cites unsustainable model

Decentralised lending protocol Zerolend will halt operations after concluding it is no longer sustainable due to a fall in users and a lack of liquidity, Cointelegraph reported. Founder Ryker said some supported blockchains became inactive or saw sharp liquidity declines, and oracle providers stopped support. Zerolend is upgrading smart contracts to help users recover assets and is tracking funds after a February 2025 hack on Base.

Crypto

Stablecoins expand footprint in payroll and everyday payments - BVNK report

Stablecoins are taking on a bigger role in payroll and everyday payments, Cointelegraph reported on Feb. 17, citing BVNK. A BVNK-commissioned YouGov global survey found 39 percent of crypto users and potential users in 15 countries receive income in stablecoins, and 27 percent use them for daily spending. Holders keep an average $200, rising to about $1,000 in high-income countries, and many expressed interest in related wallets and cards.

Crypto

SBI Holdings seeks controlling stake in Singapore crypto exchange Coinhako

SBI Holdings has signed a letter of intent to acquire a stake in Singapore cryptocurrency exchange Coinhako, Cointelegraph reported. The transaction will be carried out through SBI Ventures Asset. Once completed, SBI Holdings will become Coinhako's controlling shareholder and plans to fold it into a wholly owned subsidiary after regulatory approval. Chairman Yoshitaka Kitao said the deal is part of a strategy to build global infrastructure spanning digital assets, securities and stablecoins.