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Morpho (MORPHO) climbed 7.5% over 24 hours as the DeFi lender closed a $175 million round co-led by Paradigm, a16z crypto and Ribbit. Key Points: Morpho raised $175 million in one of DeFi's largest rounds, valuing the protocol near $2 billion. Paradigm, a16z crypto and Ribbit led the financing, join

Apollo Global Management, the alternative asset giant with $938 billion under management, has agreed to acquire up to 90 million governance tokens in DeFi lending protocol Morpho (MORPHO) over the next four years. The deal gives Apollo a potential 9% stake in Morpho's total token supply and direct i