Here’s what happened in crypto today
In today's crypto news, Divine Research has initiated 30,000 unbacked USDC loans verified through Sam Altman’s World ID platform, targeting underserved users. The loans, mostly under $1,000, are aimed at individuals like high-school teachers and fruit vendors, with interest rates between 20% and 30% and a first-loan default rate around 40%. In a separate development, Bitwise's Matt Hougan predicts that 2026 will be a strong year for Bitcoin, suggesting the traditional four-year halving cycle may no longer be relevant, especially with recent interest rate trends benefiting cryptocurrencies. Lastly, a solo Bitcoin miner successfully mined block 907283, earning a reward of 3.125 BTC, valued at approximately $372,773. Despite the mining industry being dominated by large firms, individual miners continue to contribute to the network, albeit with low probability success.
Source 🔗