$MORPHO-USD

Crypto market cap fell 3.35% to $2.60T. Bitcoin (BTC) rose 0.44% to $77,906. Ether (ETH) gained 0.42% to $2,264. BNB (BNB) rose 0.58% to $708.59. XRP (XRP) slipped 0.06% to $1.25. Solana (SOL) fell 1.42% to $94.35. Dogecoin (DOGE) declined 0.61% to $0.0753. Trading volume was $91.69B. BTC represented 60.0% of the market’s value, and ETH accounted for 10.6%.

Stacks (STX) topped South Korea’s November crypto ranking with a score of 86.3, followed by ENA (81.8) and Worldcoin (WLD) (80.7). Despite lower rankings, ENA and WLD had higher local turnover than STX. The index evaluated 52 assets based on trading activity and price premiums in Korean and global markets.

Morpho [MORPHO] surged 8.6% after Bitso integrated its yield-earning vaults, outpacing Bitcoin [BTC] and Ethereum [ETH]. The partnership allows Bitso's users to access Morpho's lending markets. Despite the rally, Morpho's long-term trend remains uncertain, with indicators showing selling pressure.

MORPHO experienced a 3.07% swing, partly due to Arbitrum's integration of its USDG vaults. Broader market weakness also impacted the token, resulting in a net 24-hour change of roughly -0.20%. The move is attributed to the integration and normal market volatility, with no negative events reported.

Standard Chartered's Geoffrey Kendrick highlighted four altcoins: Uniswap (UNI), Aave (AAVE), Morpho (MORPHO), and Arbitrum (ARB). He predicted UNI could exceed $100, AAVE reach $3,500, MORPHO hit $60, and ARB climb to $10 by 2030. The bank expects tokenized assets to reach $4 trillion by 2028.

Zcash (ZEC) rose 9% to $1,662.37, outperforming Bitcoin, driven by a sector-wide rotation into privacy coins. Trading volume increased 20%, with $1.4B in transaction value. Analysts attribute the rally to narrative-driven capital flows. Recent developments include the 21Shares ZEC ETP launch and Coinbase enabling Morpho loans for Zcash as collateral. Traders watch $1,677 for resistance and $1,614–1,633 for support.

Circle now allows eligible institutions to borrow USDC against Bitcoin via a streamlined process, using cirBTC as collateral. The service operates on Arc and Ethereum, with lending terms set by Morpho. As of Sept. 21, the Arc market showed $14.13M in borrows against $162.85M in liquidity, with a liquidation LTV limit of 86%. The service is restricted to certain institutions and excludes New York clients.

Coinbase introduced fixed-rate, bitcoin-backed USDC loans with set terms and repayment dates, using Morpho Midnight on its Base network. The product aims to provide borrowers with more certainty and is part of a broader expansion in crypto lending. Morpho Midnight has around $30 million in deposits, while Morpho Blue has $5.2 billion in outstanding loans. The move is tied to the $16 billion bitcoin-backed credit market, according to a report by Apyx and BitcoinTreasuries.net.

Coinbase has introduced fixed-rate USDC loans backed by bitcoin through Morpho Midnight, complementing its existing variable-rate loans. The new loans have set interest rates and repayment dates. Coinbase's variable-rate loans, offered via Morpho Blue, have over $1.4 billion outstanding, secured by around $3 billion in collateral. Morpho Midnight is also used by market makers and Tenor Labs, with about $30 million in deposits.

Circle launched a service allowing eligible institutions to deposit Bitcoin, mint cirBTC, and borrow USDC through Morpho's lending market. The service is live on Arc and Ethereum, streamlining dollar liquidity access without selling Bitcoin. Morpho sets rates, limits, and liquidation risk. As of Sept. 21, the Arc market showed $14.13M borrowed and $162.85M in available liquidity.