Treehouse and Euler Launch First On-Chain Benchmark Interest Rate TESR Fixed-Rate Lending Market
On June 4th, Treehouse announced that its on-chain reference rate TESR (Treehouse Ethereum Staking Rate) has been integrated with Euler to launch DeFi’s first fixed-rate borrowing market anchored to a benchmark reference rate.
Users can borrow WETH by posting tETH or wstETH as collateral. The borrowing interest rate is locked in at the start of each monthly cycle, set based on TESR’s 30-day consensus rate, and remains fixed for the entire period—this eliminates the uncertainty caused by volatile borrowing rate swings.
The initial live markets for this service include tETH/WETH and wstETH/WETH. Oversight of the market is handled by KPK, a specialized DeFi treasury management firm, which takes charge of professional management and risk control to deliver institutional-grade security and liquidity.
Treehouse noted that this move gives DeFi users a new fixed-rate borrowing option, aimed at reducing exposure to fluctuating borrowing cost risks and further advancing the growth of the on-c
7 minutes ago
Binance Wallet Forecast Market Upgrade Completed, Related Services Resumed
June 4 Update: Binance Wallet has successfully completed the upgrade to its prediction market integration, and all related services resumed normal operation at 09:00 UTC on June 4.
Binance thanks all users for their patience and support throughout the upgrade process. Prediction market functions are now fully available for regular use.
As previously announced, this June 4 upgrade was rolled out to improve service performance and enhance the overall user experience.
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Coinbase, Meta, and SpaceX Participate in U.S. Department of Justice Anti-Fraud Operation, Freeze Over $3.8 Million in Cryptocurrency Assets
June 4 – The U.S. Department of Justice (DOJ) announced the completion of a multinational anti-fraud operation codenamed “Disruption Week,” during which it partnered with tech and security firms including Apple, Coinbase, Google, Meta, Microsoft, SpaceX, and TRM Labs to freeze over $3.8 million worth of cryptocurrency assets tied to fraudulent activities.
Coinbase alone contributed to freezing more than $3 million in assets linked to the scams. The full operation resulted in the closure of over 1.4 million accounts, the deactivation of thousands of Starlink devices, and the arrest of 63 suspects – with Thai police adding seven additional scam-related arrests to the total tally.
Authorities also dismantled multiple fraud servers and hosting infrastructure based in Southeast Asia, where the criminal network operated primarily across the border regions of Cambodia, Laos, Myanmar, and Thailand.
The announcement comes against a backdrop of surging crypto fraud losses in the U.S.: FBI dat
7 minutes ago
「Top 1 on the Network Liquidation Leaderboard」 Flipped by Short Sellers, BTC's Biggest Bear Whale Liquidated for $29.3 Million
June 4: According to Hyperinsight Monitor, today’s largest network-wide liquidation traces back to two whales: one previously liquidated on a BTC long position, another that was liquidated on a ZEC long. These events sparked a sharp market downturn, hitting long orders hard first. By noon, BTC’s rebound triggered liquidations for a major address that tried to “catch the falling knife” during the dip. After this whale got heavily liquidated, the market pulled back slightly again.
4 hours ago, Hyperliquid’s “BTC Largest Short” suffered two consecutive liquidations during the BTC rebound — total liquidations hit 454 BTC, worth roughly $29.3 million, setting a new single-network largest liquidation record today. Margin losses also caused a partial liquidation of the whale’s HYPE long position.
Per reports, this whale continuously added to its position and shifted to shorting during the earlier market downturn, causing its liquidation price to once fall below its average entry price. As o
7 minutes ago
Global Central Banks Resume Net Gold Purchases in April, Chinese Central Bank Increases Holdings for 18th Consecutive Month
June 4 – The World Gold Council’s latest report signals a turnaround in global central bank gold moves: After heavy net selling in March, April brought a return to buying, with central banks adding a net 17 tons of gold that month. Even so, total purchases in April remained lower than the same period last year.
Poland led all nations with 14 tons in April, bringing its year-to-date total to 45 tons and boosting its gold reserves to 595 tons. The People’s Bank of China (PBOC) added 8 tons in April – its largest single-month jump since December 2024 – lifting China’s gold reserves to 2,322 tons and marking 18 straight months of gold purchases. The Czech National Bank extended its gold buying streak to 38 months, adding 2 tons in April.
On the selling front: The Central Bank of Russia continued unloading gold, net selling 6 tons in April. Year-to-date sales hit 22 tons, the fourth consecutive month of net selling. Uzbekistan trimmed its gold holdings by 1 ton in April, though it sti
7 minutes ago
Upbit will suspend Injective (INJ) deposit and withdrawal services to support network upgrade
June 4 — South Korean cryptocurrency exchange Upbit announced that due to a network upgrade for Injective (INJ), deposits and withdrawals of INJ will be suspended starting at 19:00 Beijing time (20:00 Korean time) today, and will remain suspended until the network is confirmed stable.
The suspension only affects INJ deposit and withdrawal functions; spot trading of INJ will continue as normal, Upbit clarified. The exchange warned users that conducting on-chain transfers during this suspension may cause delayed deposits or withdrawals, and in extreme cases, could lead to irreversible loss of funds.
Upbit added that it will work closely with the Injective project team to safeguard user assets, and will issue a separate notice once deposit and withdrawal services are set to resume.
7 minutes ago
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