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Crypto

Crypto deleveraging continues; Galaxy Research says not a 2022-style collapse

Crypto market deleveraging is continuing for a third straight quarter, but it differs from the sharp collapses seen in the 2022 bear market, an analysis said. Galaxy Research said leverage is shrinking across the market at a relatively orderly pace, with recent quarterly declines of 10 percent, 5 percent and 17 percent. Total outstanding loans fell 16.78 percent to $56.16 billion, while DeFi and CeFi balances also declined.

Crypto

Bitcoin finance platform Strike launches collateralised loan without margin calls

Bitcoin financial services platform Strike has launched a bitcoin-backed loan product that does not trigger margin calls or price-based forced liquidation even if bitcoin prices fall sharply. The product reduces liquidation risk in bear markets but comes with higher interest rates of 10.7 to 14.2 percent, a six-month term and strict repayment requirements. If borrowers miss payments, they must pay within 10 days or contact Strike, or collateral may be liquidated.

Mobility

BMW to launch iX5 Hydrogen SUV in 2028

BMW plans to launch its hydrogen fuel cell SUV, the iX5 Hydrogen, in 2028. It unveiled the fifth-generation X5 with five powertrain plans, including a hydrogen model, but did not disclose sales markets. BMW links hydrogen vehicles to broader energy storage needs as renewable power expands. The iX5 Hydrogen stores 7 kg of hydrogen and targets up to 750 km range with refuelling in under 5 minutes, while infrastructure, costs and hydrogen’s environmental footprint remain constraints.