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Saga Monetary Technologies has listed its token SGA on crypto lending platform Celsius Network. SGA coin holders can earn up to 9.9% interest, and borrow cash or stablecoins against their SGA at rates as low as 3.45% using their assets as collateral.

Saga is launching a virtual currency which pegs its value to the basket of currencies that form the IMF's special drawing rights. The U.K.-based company's advisory board includes the likes of Nobel laureate Myron Scholes and J.P. Morgan's Jacob Frenkel. But the firm doesn't plan to launch its token in the U.S. yet, claiming it doesn't currently have the regulatory clarity required to do so.

"If the GameStop saga proves to be more than just a momentary anomaly, we might presently be witnessing the emergence of a profound change in the financial system or the creation of an entirely new one. As financial technology companies made it easier for consumers to participate in financial markets, DEXs are tackling the flaws of centralized markets. In some ways, this generation of DEXs may become the new Robinhood's. Perhaps this is one of those moments where the people, and not institutional legacy, will define the future."

"The problem remains that the Marshall Islands and similar Pacific island nations are in dire financial straits. They aren't stupid or dissolute - they're desperate."

Bitfinex could very well be the victim and there could be many others, although not enough information is available yet to certainly say if they were indeed victims or not, but it would seem highly likely. At the same time, it's interesting that this is only coming to light now and did not make more noise when it actually occurred or rather noticed. You would think with such a large amount of money someone would raise the alarm much sooner.

"I've been puzzling over two mysteries in the Coinbase saga:  first, why does Coinbase care so much if Lend is deemed a security, and second, why did the SEC want the list of Coinbase customers who had signed up in advance for Lend. I don't know that I've got all of this sussed out, but I figure I'll put my thinking out into the Internets and see if others have thoughts."

The Poly Network crypto thieves released the last key to the remaining funds of 28,953 Ether and 1,032 Wrapped Bitcoin tokens, worth approximately $141 million, on Monday. The company is in the process of returning full asset control to users, although $33 million worth of Tether tokens frozen post-attack are still immovable.