Crypto Lending Climbed to a Record While Token Prices Hit Highs

The crypto lending sector continued its rebound through the third quarter, with the amount of loans delivered setting a fresh record just as digital-asset prices were soaring to all-time highs.

The timing of the recovery is reminiscent of when activity last peaked in the final quarter of 2021, just before a raft of scandals and bankruptcies caused a crypto market crash that nearly wiped out many of the most prominent lenders. After setting a series of record highs through the year, market bellwether Bitcoin has tumbled more than 20% in recent weeks, triggering concerns over a new bear market. ...