DeFi news
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Senate Democrat Probes Tether Payments to Ex-White House Crypto Adviser’s Firm
Sen. Richard Blumenthal demanded Tether’s records on payments to Nxum, a firm co-owned by former White House crypto adviser Bo Hines.
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Tether Blacklists USDT Wallets Linked to CoinDCX Outflows
AMLBot puts the frozen sum at about $2.2 million, after CoinDCX acknowledged losses from a failed process for securing deposits to retired addresses.... Read the full story at The Defiant
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Sen. Blumenthal seeks answers from Tether over payments to firm founded by ex-White House crypto adviser
Sen. Blumenthal said he wants answers from Tether following reports that it paid millions to a firm started by a former WH crypto adviser.
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US senator probes Tether after reported deal with ex-Trump crypto adviser
The Democratic ranking member of the Senate Permanent Subcommittee on Investigations asked Paolo Ardoino for records related to a reported deal between Tether and Nxum.
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Lighter Adds weETH as Perpetual Futures Collateral
Lighter counts 70% of weETH’s index value toward trading margin and caps platform-wide collateral supply at 1,000 weETH.... Read the full story at The Defiant
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Initia Halts L1 and Rollups After Reported Mint Exploit
Analyst Spreek estimated $2.6 million had been cashed out; Ethereum records show stablecoin swaps and a later 1,135.5 ETH transfer.... Read the full story at The Defiant
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Singapore, Malaysia and Thailand central banks expand cross-border stablecoin initiative involving Ripple, Visa and Mastercard
Malaysia and Thailand have joined Singapore's BLOOM initiative for cross-border stablecoin and tokenized deposit settlement.
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HSBC rolls out its first stablecoin to over 3 million everyday app users
HSBC and Standard Chartered-led Anchorpoint received Hong Kong’s first stablecoin issuer licenses in April. Anchorpoint began rolling out HKDAP in August.
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HSBC launches Hong Kong dollar stablecoin for retail payments
HSBC is rolling out RedCoin wallets to PayMe users, with plans to support tokenized investment subscriptions and expand into institutional uses.
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Malaysia, Thailand join Singapore’s cross-border stablecoin push
BLOOM seeks to cut costs by helping financial institutions coordinate cross-border use of stablecoins and tokenized deposits.
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HSBC rolls out its first HKD stablecoin RedCoin to retail users
PayMe users will be able to activate a stablecoin wallet in-app in the coming days for peer-to-peer and peer-to-merchant payments.
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Chainlink partners with LG CNS to drive Korean won stablecoin expansion
LG CNS is set to integrate Chainlink's cross-chain, data, and orchestration infrastructure into its digital asset platform.
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Uniswap Swap Costs: What Reduces Your Output and What Is Paid Separately
A historical ETH-to-USDC receipt shows how deductions reconcile. UniswapX handles network costs differently from a classic pool swap.... Read the full story at The Defiant
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Blumenthal Seeks Records on Tether Payments to Bo Hines's Firm
The senator asked Tether and Nxum to provide payment records, crypto wallet addresses and lobbying communications by Nov. 3.... Read the full story at The Defiant
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Senate's top Democratic investigator looking into Tether payments to Bo Hines' firm
Senator Richard Blumenthal, the ranking Democrat on the investigations subcommittee, added a probe of the ex-White House crypto adviser to his list of crypto interests.
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Circle Opens USDC Auctions That Pay Minters a Rebate
Hourly Match auctions pass the redemption clearing fee to minters, with charges capped at Circle’s Express rate.... Read the full story at The Defiant
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Circle shareholder sues Trump, World Liberty and Steve Witkoff over crypto deals
According to a Circle shareholder, the US president’s “corruption” through USD1 left the company unable to compete with stablecoins, harming USDC.
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A16z is the latest VC giant to widen bets beyond crypto and into AI and emerging tech
The venture investor behind early bets on Coinbase, Solana and Uniswap said is broadening its focus, joining other crypto investment firms looking beyond blockchain to artificial intelligence and tech themes.
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JPMorgan Brings MONY and JLTXX Tokenized Funds to Solana
Qualified US investors can use Morgan Money to access both a private-placement fund and a registered government fund designed for stablecoin reserves.... Read the full story at The Defiant
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Tether-Backed Utexo Sets November 28 Launch for Bridged USDT on Bitcoin
Professional operators can now test the RGB-based token on Bitcoin Signet. Its backing will sit in USDT0 locked on Arbitrum.... Read the full story at The Defiant
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Utexo Opens Utexo Mint Early Access for USDT on Bitcoin Ahead of November 28 Launch
Bitcoin Magazine Utexo Opens Utexo Mint Early Access for USDT on Bitcoin Ahead of November 28 Launch Professional operators can now test USDT on Bitcoin and get their integrations ready for November’s public launch. Utexo has opened Utexo Mint, its dedicated platform for professional operators...
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Fireblocks Denies Report of $2.5 Billion Visa Takeover Talks
Bitcoin Magazine Fireblocks Denies Report of $2.5 Billion Visa Takeover Talks Fireblocks has denied a report that Visa is in late-stage talks to buy the institutional crypto custody and stablecoin infrastructure firm for around $2.5 billion. “We are aware of the rumors about a possible acquisition...
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Visa in Talks to Buy Fireblocks for About $2.5 Billion: Axios
The reported negotiations follow Mastercard’s completed acquisition of BVNK, a stablecoin infrastructure deal priced at up to $1.8 billion.... Read the full story at The Defiant
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D3 Links HYPE Vault to Early Access for New Domain Names
The Upshift-built vault earns Frontier Points for future registration priority, with Hyperion DeFi as launch partner. Domain purchases require separate funds.... Read the full story at The Defiant
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Morpho Opens Robinhood Stock Tokens to Stablecoin Borrowing
Listed markets include NVDA and SPCX collateral at a 62.5% liquidation threshold and SPY at 77%, with USDG as the loan asset.... Read the full story at The Defiant
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Uniswap’s aggregator hooks go live on Ethereum, Base and Robinhood Chain
Uniswap Labs has launched aggregator hooks, allowing Uniswap v4 to route trades through liquidity held on external platforms.
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SoFi unveils bank-issued tokenized deposit for yield-bearing crypto funds
SoFi Bank launched SoFi Earn, a tokenized deposit paying 4.40% APY with FDIC coverage, allowing users to convert funds to stablecoins 24/7.
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Square Tech and GOAT Network Sign MOU to Advance AI Agent-Powered Stablecoin Payments in South Korea
Bitcoin Magazine Square Tech and GOAT Network Sign MOU to Advance AI Agent-Powered Stablecoin Payments in South Korea Square Tech to explore AI agent-powered payment solutions as part of its Digital Solutions (DS) business Initial focus on integrating GOAT Network's technology into a stablecoin...
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SoFi Launches SOFIE Tokenized Deposit With 4.4% APY
Members can convert the deposit into SoFiUSD at a 1:1 rate, but deposit interest and FDIC coverage do not follow the money into the stablecoin.... Read the full story at The Defiant
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SoFi Launches Tokenized Deposit That Earns 4.4% and Converts to a Stablecoin
Each SOFIE token represents $1 on deposit at SoFi Bank, earning 4.40% APY with FDIC insurance—a yield-and-protection combination ordinary stablecoins lack.