Tagged: defi

June 8, 2025 @ 4:55 pm By Michael Wong  |  

Hong Kong will implement its new Stablecoins Ordinance on August 1, formalizing the city’s regulatory framework for stablecoin-related activities and introducing a licensing regime aimed at strengthening oversight of the fast-growing digital asset sector. The ordinance, which was officially gazetted on May 30, is a… Read More

June 6, 2025 @ 4:06 pm By Omar Faridi  |  

CertiK noted that earlier this year, the U.S. Treasury Department made a groundbreaking decision to lift sanctions on Tornado Cash, an Ethereum-based cryptocurrency mixing service that had been a lightning rod for controversy since its sanctioning in 2022. Originally blacklisted by the Office of Foreign… Read More

June 6, 2025 @ 10:23 am By Omar Faridi  |  

The cryptocurrency market continues to evolve at a rapid pace, and leverage remains a critical component of its ecosystem. Galaxy Research’s Q1 2025 report, The State of Crypto Leverage, provides a comprehensive analysis of the shifting dynamics in crypto-collateralized lending, decentralized finance (DeFi), centralized finance… Read More

June 3, 2025 @ 11:22 pm By Omar Faridi  |  

A recent incident involving Chainlink’s oracle system has rocked the decentralized finance (DeFi) community. On May 29, 2025, over $500,000 in user funds were wiped out on the Avalanche-based Euler market. Omer Goldberg detailed the event in a social media post, highlighting vulnerabilities in DeFi… Read More

May 30, 2025 @ 7:53 am By Tony Zerucha  |  

Dexari, a self-custodial crypto wallet and trading app, has raised $2.3 million in seed funding to redefine how users engage with DeFi. The round was led by Prelude and co-led by Lemniscap, with participation from notable angels across the Hyperliquid ecosystem and beyond. Amid the… Read More

May 28, 2025 @ 4:13 pm By JD Alois  |  

The SEC’s next Crypto Task Force Roundtable is preparing to tackle DeFi or decentralized finance. Entitled “DeFi and the American Spirit,” SEC Commissioner Hester Peirce says DeFi “exemplifies the promise of crypto, as it allows people to interact without intermediaries.” “I look forward to learning… Read More

May 22, 2025 @ 10:23 am By Omar Faridi  |  

Bprotocol Foundation, a non-profit foundation dedicated to promoting the development and adoption of the Bancor Protocol, and LocalCoin Ltd., the original developer of the Bancor Protocol, announced that they have filed a lawsuit in the United States District Court for the Southern District of New… Read More

May 18, 2025 @ 11:07 pm By Omar Faridi  |  

Pyth Network, the “universal” price layer powering the so-called next generation of finance, recently announced its partnership with Sygnum Bank, a global digital asset banking group and key player in institutional finance. By joining the Pyth ecosystem as a partner, Sygnum brings its price data… Read More

May 15, 2025 @ 7:51 am By Omar Faridi  |  

BitPay, the cryptocurrency payment processor, announced the launch of HODL Pay, a payment option that empowers consumers and merchants. HODL Pay connects the decentralized finance (DeFi) ecosystem with everyday commerce, “enabling users to borrow stablecoins from DeFi against their crypto holdings and seamlessly pay any… Read More

May 15, 2025 @ 1:16 am By Omar Faridi  |  

Amber International Holding Limited (Nasdaq: AMBR), a provider of institutional crypto financial services and operating under the brand name “Amber Premium”, announced the launch of its upsized crypto ecosystem reserve plan of US$100 million. The strategic treasury reserve initiative is “designed to accelerate the company’s… Read More

May 5, 2025 @ 7:49 am By Omar Faridi  |  

Republic Note, a profit-sharing digital asset focused initiative by Republic, has reached a significant milestone with its Dividend Pool hitting $1.71 million. This figure represents 85.5% of the $2 million threshold required to trigger payouts to Republic Note holders. Republic Note 1. The pool is… Read More

May 4, 2025 @ 7:50 pm By Omar Faridi  |  

Sui continues to lay the foundation for the Bitcoin DeFi ecosystem in crypto. The Layer 1 network will support sBTC in the coming months, which is the one-to-one “bitcoin-backed asset” from Stacks, a Bitcoin L2 network. This integration will enable holders to deploy their BTC… Read More

April 27, 2025 @ 10:11 pm By Omar Faridi  |  

Loopscale, a so-called decentralized finance (DeFi) protocol operating on the Solana blockchain, fell victim to a significant security breach, resulting in a loss of approximately $5.8 million. This amount represents 12% of the platform’s total value locked (TVL), which stood at around $40 million prior… Read More

April 27, 2025 @ 9:59 pm By Omar Faridi  |  

Bridging traditional finance or TradFi and decentralized finance or DeFi comes with great challenges, like regulation. SilentSwap, a cross-chain aggregator that sources liquidity from multiple decentralized platforms, is working to solve this challenge. On SilentSwap, institutional investors can engage with DeFi‘s products and services without… Read More

April 21, 2025 @ 1:50 pm By Omar Faridi  |  

The rise of cryptocurrencies and decentralized finance (DeFi) has reshaped the financial landscape, offering alternatives to traditional finance (TradFi) while introducing unique risks. A report from the Bank for International Settlements (BIS), titled Cryptocurrencies and Decentralized Finance: Functions and Financial Stability Implications, examines these developments,… Read More

April 20, 2025 @ 7:19 pm By Tony Zerucha  |  

Another milestone for tokenized real-world assets, gold-backed assets surging, a Canadian Solana ETF approval, and increased acceptance of cryptocurrency payments are among the DeFi topics that caught the experts’ attention this week. Tokenized RWAs cross $20B threshold “The tokenized RWA market crossing $20 billion in… Read More

April 14, 2025 @ 3:45 pm By Omar Faridi  |  

In the first quarter of 2025, Chainlink continued to solidify its position as a key player in the web3 and blockchain ecosystem, achieving progress in product development and global adoption. The Chainlink Quarterly Review for Q1 2025 highlights two primary focuses: delivering products and integrations… Read More

April 14, 2025 @ 7:46 am By Omar Faridi  |  

In a key achievement for decentralized finance (DeFi), Uniswap announced that Arbitrum, an Ethereum Layer 2 (L2) scaling solution, has become the first L2 to surpass $300 billion in trading volume on the Uniswap Protocol. This milestone, highlighted in Uniswap’s recent updates, underscores the growing… Read More

April 13, 2025 @ 6:40 pm By Omar Faridi  |  

CI recently received detailed commentary from blockchain and web3 industry professionals focused on emerging trends such as tokenization, stablecoins, and other forms of digital innovations. Over the past few years, the blockchain and crypto space has emerged from a niche market to an ecosystem ready… Read More

April 9, 2025 @ 9:59 pm By Omar Faridi  |  

Republic has announced that it is now a validator on Injective, a “fast, interoperable” layer-one blockchain, seeking to advance the convergence of traditional finance (TradFi) and decentralized finance (DeFi). As explained in a blog post, Injective is a Layer 1 that’s “purpose-built for finance.” The protocol delivers sub-second… Read More