Morpho news today is centered on the protocol’s expanding lending-market integrations and renewed debate over how decentralized vaults should be classified. On September 25, Coinbase introduced fixed-rate Bitcoin-backed loans powered by Morpho, allowing eligible users to borrow USDC against Bitcoin collateral. The product extends Morpho’s role as infrastructure for consumer-facing crypto credit and follows the protocol’s broader push toward configurable, market-driven lending products.