Helping to send bitcoin back into the teens were the continuing plunge in traditional financial markets alongside spreading panic among crypto lending platforms. Author: Greg Ahlstrand, James Rubin

The loan will have $200 million cash/USDC-backed credit facility and 15,000 BTC. Author: Aoyon Ashraf

The latest crypto news and headlines for Friday, June 17. Author: Helene Braun, Bradley Keoun

After integrating with DeFi major Aave, Lido saw leverage kick up a gear and nudged some larger players to unwind. But plenty of people didn’t. Author: Ian Allison

A trading pool that large institutional investors such as Alameda Research and Three Arrows Capital have used to dump their “stETH” tokens is now nearly drained and heavily imbalanced, potentially trapping retail investors as well as the embattled crypto lender Celsius. Author: Krisztian Sandor