Scallop Protocol, the leading lending protocol on Sui, reached a record $64M TVL and over $4.2B in loan volume. It's the first DeFi project funded by Sui Foundation. The team plans to launch $SCA token rewards in Q1 2024.

Scallop has become one of Sui’s fastest-growing DeFi protocols, reaching $64 million in TVL and reporting $4.2 billion in lending and borrowing volume as it expands products and prepares $SCA incentives.

Scallop, the leading lending protocol on Sui, hits $64M TVL and $5B cumulative lending volume. It plans to launch its native $SCA token in Q1 2024 to reward early adopters, solidifying its dominance in the Sui DeFi ecosystem.

Former Celsius CEO Alex Mashinsky was sentenced to 12 years in prison for defrauding customers and manipulating CEL token price. He pleaded guilty to two fraud counts and agreed to forfeit $48 million, with prosecutors citing nearly $7 billion in losses.

Bitcoin ETFs posted $1.03 billion in net inflows for a second major session, pushing total assets to a record $150.6 billion. Ethereum ETFs also added $204.82 million, underscoring sustained institutional demand for crypto exposure.

Bitcoin spot ETFs recorded over $1 billion in net inflows for the second consecutive day on Friday, pushing total assets to a record $150.6 billion. Ethereum ETFs also attracted $204.8 million.

Spot bitcoin ETFs recorded another $1.03 billion in daily net inflows, extending a six-day streak and lifting total assets to $150.6 billion. Ether ETFs also added $204.82 million, underscoring continued institutional demand for crypto exposure.

U.S. Bitcoin ETFs recorded another $1.03 billion in daily inflows, pushing total assets to a record $150.6 billion, while Ether ETFs added $204.82 million in a parallel show of institutional demand.