A newly created wallet deposited $5.35 million into Hyperliquid and shorted BTC with 20x leverage.

- Enlivex Therapeutics raised $212 million to adopt RAIN tokens as its primary treasury asset, becoming the first U.S. public company to use blockchain-based prediction markets. - The investment includes USDT and USD, with RAIN's deflationary design aiming to stabilize value while enabling real-world event trading via AI oracles. - Enlivex's stock surged 85% post-announcement, aligning with growing institutional interest in prediction markets led by firms like Polymarket and Kalshi. - The move faces crypto

- Tokyo-listed Metaplanet secured a $130M Bitcoin-backed loan to expand BTC holdings despite a 20% unrealized loss on its 30,823 BTC reserves. - The firm maintains "sufficient collateral headroom" amid Bitcoin's $87,000 price, below its $108K average purchase cost, using floating-rate debt and equity financing. - Its hybrid funding model—$500M credit facility plus $5B capital injections—reflects broader industry reliance on crypto-collateralized borrowing amid tightening credit and falling stock prices. -

- Ethena's USDe stablecoin TVL fell 50% to $7.6B amid yield compression and unwinding leveraged carry trades, despite rising onchain transaction volume. - The synthetic stablecoin's 5.1% APY now lags Aave's 5.4% USDC borrowing rates, triggering outflows as leverage strategies become unprofitable. - Collapsing 10x leverage loops and maturing perpetual tokens accelerated TVL decline, exposing fragility of yield-bearing stablecoins in risk-off markets. - Chaos Labs recommends lowering Aave V3 stablecoin borro