Author: Vidya Saras

The crypto market has officially surpassed the leverage mania of the 2021 bull run. According to a November 2025 report from Galaxy Digital, total crypto-collateralized lending reached a record-breaking $73.59 billion in Q3 2025, eclipsing the previous peak of $69.4 billion set in Q4 2021.Albeit a highly volatile market structure, today transparent on-chain protocols are shifting from “trust-based” credit to “code-based” collateralization.Learn more: What is Euler (EUL)? Modular Engine Rebuilding DeFi LendingDeFi Now LeadsDeFi has consumed the lending market. Galaxy’s data reveals that DeFi protocols now control approximately 66.88% of all crypto lending activity, a stark contrast to the centralized…

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The original version of this story appeared in Quanta Magazine.Imagine a town with two widget merchants. Customers prefer cheaper widgets, so the merchants must compete to set the lowest price. Unhappy with their meager profits, they meet one night in a smoke-filled tavern to discuss a secret plan: If they raise prices together instead of competing, they can both make more money. But that kind of intentional price-fixing, called collusion, has long been illegal. The widget merchants decide not to risk it, and everyone else gets to enjoy cheap widgets.For well over a century, US law has followed this basic…

Ad Policy Larry Summers, president emeritus and professor at Harvard University, during an interview in New York on September 17, 2025. (Victor J. Blue / Bloomberg via Getty Images) The famed economist Larry Summers, not for the first time, finds himself at the center of a scandal. He’s had to take a leave from Harvard, where he teaches, because of embarrassing e-mails he exchanged with his late friend Jeffrey Epstein.  I talked to economic journalist and Nation contributor Doug Henwood, a long-time Summers watcher, about the career of this controversial and influential figure. Summers has been one of the most…

“We’re here to talk about really substantive changes, and we want you to be a participant in that,” said Desirée Plata, the School of Engineering Distinguished Professor of Climate and Energy in MIT’s Department of Civil and Environmental Engineering, at Energizing@MIT: the MIT Energy Initiative’s (MITEI) Annual Research Conference that was held on Sept. 9-10.Plata’s words resonated with the 150-plus participants from academia, industry, and government meeting in Cambridge for the conference, whose theme was “tackling emerging energy challenges.” Meeting such challenges and ultimately altering the trajectory of global climate outcomes requires partnerships, speakers agreed.“We have to be humble and…

Salt Typhoon still reverberating Salt Typhoon impacted major carriers including AT&T, Charter Communications, Consolidated Communications, Lumen Technologies, T-Mobile, Verizon, and Windstream. But law enforcement and intelligence agencies caution that its impact is far more widespread, exposing at least 200 US organizations, plus entities in 80 other countries. According to federal investigations, the attack allowed the Chinese government to record phone calls, geolocate millions of individuals, and target specific individuals including the US president and vice president. The group initially exploited the routers of telecom providers, using the devices and trusted connections to move into other networks and, among other actions,…

The backlash against financial services company JP Morgan from the Bitcoin (BTC) community and supporters of BTC treasury company Strategy continued to swell on Sunday as calls to “boycott” JP Morgan grew.The anger from the Bitcoin community followed news that the MSCI, formerly Morgan Stanley Capital International, an index company that sets criteria for index inclusion, is likely to exclude crypto treasury companies from its indexes in January 2026. JP Morgan shared the MSCI news in a research note. “I just pulled $20 million from Chase and suing them for credit card malfeasance,” real estate investor and Bitcoin advocate Grant…

Days of Our Lives gives Belle Black (Martha Madison) single and ready to mingle. So, we want to talk about who is that special guy for Ms. Legally Blonde. And with EJ DiMera (Dan Feuerriegel) on Belle’s naughty list, she is ready to move on. Bell & EJ’s Romance Interrupted on Days of Our Lives All right, so we all watched as Belle fell head over heels in love with her sister Sami Brady’s (Alison Sweeney) ex-husband, EJ. I really enjoyed their vibe as a couple. And if you remember a few years ago, Belle and EJ took a roll…

PHILIPPINE INFRASTRUCTURE SPENDING fell for a third straight month in September, as public works projects continued to undergo tight scrutiny amid a corruption scandal, the Department of Budget and Management (DBM) said. In its latest disbursement report on Sunday, the DBM said expenditures on infrastructure and other capital outlays declined by 42.6% to P78.7 billion in September from P137.1 billion in the same month last year. Month on month, it slipped by 7.2% from P84.9 billion in August. This marked the third consecutive decline in infrastructure spending since the 31.6% contraction in July. “The spending performance of the Department of…

Bitmain Technologies Ltd., the Chinese manufacturer behind most of the world’s Bitcoin mining machines, has been the focus of a federal investigation assessing whether its products pose national security risks, according to Bloomberg reporting.  The inquiry, dubbed “Operation Red Sunset,” led by the Department of Homeland Security, reportedly examined whether the company’s machines could be remotely manipulated for espionage or sabotage of critical US infrastructure.  Bitmain denies these capabilities, but investigators have reportedly tested its equipment at ports and dissected chips and code to assess potential threats. The company’s hardware has long attracted scrutiny.  A 2017 Bitcoin Magazine report suggested…