Loopscale Adds Support for Orca and Raydium LP as Collateral, Unlocking Over $1 Billion in Liquidity
On March 5, Solana-based lending protocol Loopscale announced that liquidity provider (LP) tokens from Orca and Raydium are now eligible as collateral for borrowing.
Unlike centralized lending pool models, Loopscale’s order book architecture prices each position based on its unique conditions. This credit market infrastructure is set to unlock over $1 billion in yield liquidity. The system independently assesses and prices each LP token using multiple variables—including price ranges, fee tiers, and underlying assets.
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ETH Max Long Position on Hyperliquid Sees Total Unrealized Gains of Over $19 Million
**March 5th Crypto Alert**
Per data from Ashes Monitoring, the account holding the largest ETH long position on Hyperliquid added to its BTC long two days ago (March 3rd) at an average entry of $68,178, boosting its total BTC position to $47.41M. The BTC holding now has an unrealized gain of $3.1M.
The account also holds a 120k ETH long position with an unrealized gain of $16.2M, pushing its **aggregate unrealized gains across all positions to $19.3M**.
### Notes on American English adaptation:
1. **Conciseness**: Used "Alert" (common for crypto news alerts), "M" (abbreviation for "million" widely used in U.S. finance), and simplified phrases (e.g., "two days ago" instead of "the day before yesterday" for clarity).
2. **Flow**: Structured to lead with key action (account + position update) before supporting details, matching U.S. media’s preference for "who-what-when-where" brevity.
3. **Precision**: Added "(March 3rd)" to avoid ambiguity (critical for time-sensitive crypt
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Cryptocurrency Trading Platform Crossover Markets Completes $31 Million Series B Funding Round, Led by Tradeweb Markets
March 5th (Bloomberg) — Cryptocurrency execution platform Crossover Markets has closed a $31 million Series B funding round, led by Tradeweb Markets, with participation from DRW Venture Capital, Ripple, Virtu Financial, Wintermute Ventures, XTX Markets and Illuminate Financial.
Crossover differentiates itself by separating trade execution from custody and credit — a structural shift that reshaped the foreign exchange market years ago. Under the partnership, Tradeweb will leverage its proprietary algorithmic technology to process crypto orders from its institutional clients via Crossover’s platform, giving the major electronic trading firm direct access to the digital asset market.
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Optimism has announced that it will cease support for op-geth and op-program on May 31st.
March 5 — Optimism announced via official sources that it will discontinue support for op-geth and op-program by May 31, 2026.
During this transition period, security patches and critical bug fixes will still be released, but new feature development—including the upcoming Karst hard fork—will only proceed on op-reth. The fault proof mechanism for op-program will also be migrated to the kona-client; the current deployment is expected to remain in use until the Karst hard fork goes live.
Chain operators must complete this migration during the Karst hard fork; otherwise, chains still running op-geth will fail to sync with the mainnet. Cannon-kona can operate within the existing op-node environment without relying on kona-node (the latter is an optional component).
Node operators should migrate to op-reth as soon as possible to maintain network compatibility and access new feature support.
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Iran Situation Update: US Senate Fails to Prevent Further Military Action Against Iran, Air Raid Sirens Sound in Tel Aviv, Israel
March 5 (Wednesday)
U.S. Senate clears path for former President Trump to resume military strikes against Iran, enabling U.S. government to escalate the conflict
Key updates on the Iran situation:
- **Defense Secretary’s warning**: U.S.-Iran conflict could persist 8 weeks or more, with operations shifting to inland targets. U.S. B-2 stealth bombers are scheduled to arrive at a U.K. base within days.
- **Iran’s response**: Denied reports of secret talks, accused The New York Times of waging psychological warfare. Officials emphasized time is on Iran’s side; the country is prepared for a protracted fight. Warned Israel’s Dimona nuclear reactor and all regional energy infrastructure will be targeted if the U.S. pursues regime change.
- **Conflicting developments**: Kurdish militias launched a ground offensive in Iran; Israeli defense officials confirmed Iranian missiles are heading toward Israel (air raid sirens blared in Tel Aviv as missiles approached); a South Korean lawmake
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