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Abstract to Shut Down Ethereum Layer 2 on Dec. 15
Users can withdraw through the Migration Hub or native bridge, while the team plans to help apps move to other chains.... Read the full story at The Defiant
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Conduit Sues Tether Over $2.76 Million in Frozen USDT
The payments firm seeks a court order restoring access to its treasury wallet, saying the loss of working capital has slowed client settlements.... Read the full story at The Defiant
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Winklevoss Files for Zcash ETF With 0.25% Fee
Winklevoss Capital Fund has indicated interest in buying up to $100 million of shares, but the potential purchase is nonbinding.... Read the full story at The Defiant
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Ethereum Validator Count Falls to 863,000 as Staked ETH Edges Higher
Pectra lets operators combine validator balances, reducing network overhead without requiring them to withdraw their ETH.... Read the full story at The Defiant
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Anchorage Digital Buys Routable to Add Corporate Payment Rails
Routable will operate under a new brand, with integrated stablecoin and tokenized deposit offerings rolling out over the coming quarters.... Read the full story at The Defiant
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Firelight Begins Writing DeFi Cover Backed By Staked XRP
The protocol's first cover positions went to two Sentora vaults, with payouts standing behind 50.2 million XRP staked on Flare. Claims are decided by a five-firm consortium on a three-of-five vote, and the coverage contracts' audits are listed as coming soon.... Read the full story at The Defiant
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Agora’s OCC Approval Sets Up AUSD Move to a US Trust Bank
The planned bank would take over issuance and reserves from Agora’s Bermuda entity, but must meet capital, liquidity and compliance conditions before opening.... Read the full story at The Defiant
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Tokenized Stocks Grew 395% in a Year While DeFi Use Stayed Under 3%
RedStone's report puts lending collateral at roughly $81 million against $3.17 billion of supply, with leveraged equity exposure onchain sitting almost entirely in perpetual futures... Read the full story at The Defiant
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Ethereum’s Glamsterdam Upgrade Activates on Sepolia
The first two upgraded epochs finalized, while early blocks began a gradual gas-limit climb from 60 million toward a 200 million client target.... Read the full story at The Defiant
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UK Names Six Banks to Lead First Digital Gilt Pilot
The managers will underwrite and distribute DIGIT, a short-dated bond on HSBC Orion that will sit outside the UK's main debt management programme.... Read the full story at The Defiant
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Circle and SC Ventures Back OKX at $25 Billion Valuation
Ripple and hedge fund QRT also joined the financing, an extension of the March round backed by NYSE owner ICE. The amount raised was not disclosed.... Read the full story at The Defiant
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Rain Seeks US Trust Bank Charter for Stablecoin Issuance
The proposed subsidiary would also hold client assets and manage stablecoin reserves, but would not accept deposits or make commercial loans.... Read the full story at The Defiant
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Ether.fi Announces Dollar Stablecoin Powered by Ethena
Ethena will manage reserves, minting, redemptions and compliance for a platform reporting more than $300 million in existing stablecoin balances.... Read the full story at The Defiant
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Bloomberg Terminal Adds 24/7 Hyperliquid Perpetuals Pricing
The WSL HYPE worksheet pairs perpetuals with reference prices across commodities, indexes, equities, currencies and crypto.... Read the full story at The Defiant
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Arbitrum Adopts Paxos' USDG as Its Ecosystem Dollar
The stablecoin goes live on Arbitrum One with Fluid, Morpho, GMX, Maple and Kraken behind it. A proposal published the same day asks ArbitrumDAO to add 100 million ARB to an incentive program that still has about 63.7 million ARB unspent... Read the full story at The Defiant
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Circle Adds Aave to Bitcoin-Backed Borrowing in Mint
The new lending option extends the Morpho-based service, while borrowers remain exposed to liquidation under third-party protocol rules.... Read the full story at The Defiant
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DOJ Presses Roman Storm Case as FinCEN Drops Mixer Proposal
A new filing targets Storm’s venue challenge, while his acquittal motion remains pending and a retrial is scheduled for April 26, 2027.... Read the full story at The Defiant
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Ondo Unveils Private-Market Notes Ahead of First AI Offering
The notes offer exposure without shareholder rights. Secondary-market prices can diverge sharply from the eventual payout tied to a liquidity event.... Read the full story at The Defiant
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CFTC Staff Clears Fast Track for Stock-Index Perpetual Conversions
Exchanges must give position holders five calendar days' notice and a chance to exit, while leaving other material contract terms unchanged.... Read the full story at The Defiant
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Aave Raises Core GHO Borrow Rate to 4.5% Amid Thin Redemption Reserves
The GHO Risk Council also lifted Prime’s base rate, while Ethereum’s USDC conversion module remained nearly empty.... Read the full story at The Defiant
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ZachXBT Says He Fronted $349,700 to Infiltrate Alleged Laundering Ring
The investigator links his undercover work to a 442,000 USDT freeze after identifying a cluster he tied to Bybit and valued at more than $12 million.... Read the full story at The Defiant
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Aave Activates LlamaRisk Agents for Pendle Collateral on Plasma
The agents can adjust pricing and borrowing parameters for a principal token with $36.72 million supplied, subject to fixed step limits and cooldowns.... Read the full story at The Defiant
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Ethereum Exit Queue Eases to 767,000 ETH After MetaMask Validator Exits
Nearly 1.44 million ETH is waiting to begin staking, down 31% from Sept. 1 but still facing a roughly 25-day delay.... Read the full story at The Defiant
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Flying Tulip’s NFT Options Market Tops $5 Million in Volume, Cronje Says
Buying an ftPUT NFT transfers its remaining FT tokens and redemption rights, while spot FT purchases carry no such protection.... Read the full story at The Defiant
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Base Vault Drained of About $6 Million in Aave Deposit Tokens
Six outflows followed a borrower-whitelist change. The proceeds were redeemed for wstETH, with some later entering bridge withdrawals toward Ethereum.... Read the full story at The Defiant
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Compound Votes on Giving Governance Power to Cancel Treasury Operations
Proposal 612 would extend treasury delays from two days to ten, while a wallet linked to Humpy has cast 1.75 million COMP votes in support.... Read the full story at The Defiant
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Anchorage Digital Cuts 17% of Staff, The Information Reports
The reported reduction follows a $100 million Tether investment and an expansion of the custodian’s institutional settlement business.... Read the full story at The Defiant
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ZachXBT Posed as a Client to Infiltrate Chinese Syndicate Laundering Bybit Hack Funds
The investigator says he fronted 349,700 USDC and lost 5% on every order to a broker who told him in advance where North Korea's stolen funds were going next... Read the full story at The Defiant
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OKX-ICE Plans Tokenized Stock Trading Through a Uniswap v4 Hook
The venue would restrict trading and liquidity provision to approved wallets on X Layer, with no current support for aggregators.... Read the full story at The Defiant
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SEC Clears 3x Bitcoin and Ether ETPs for Cboe Listing
Proposed tickers BITH and ETHK would use futures and reset leverage daily, exposing longer-term holders to compounding losses.... Read the full story at The Defiant