DeFi news
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First out the gate: OCC debuts final rule implementing Trump-signed GENIUS Act
OCC published its final GENIUS Act stablecoin rule, effective Jan. 18, dropping a proposed presumption on third-party rewards arrangements.
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OCC's final rule to start fresh in weighing stablecoin rewards against GENIUS Act ban
The U.S. Office of the Comptroller of the Currency is the first of several federal agencies to finish writing regulations under the act.
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Inside AMD and Anthropic’s ‘chips for shares’ deal
Concerning details about Anthropic’s relationship with AMD came to light after the Wall Street Journal ( WSJ ) reported that hyperscalers are capping Anthropic’s AI compute capacity. Creatively, one of the ways the Claude maker has worked around these limitations is to commit to acquire billions of...
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PancakeSwap TVL tops $380M as major fee overhaul heads to vote
PancakeSwap’s proposed fee-sharing overhaul would give liquidity providers 88% of swap fees and cut CAKE emissions by 69%, as BNB Chain’s DeFi activity expands.
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France proposes liability for crypto exchanges offering DeFi access
French authorities want crypto exchanges to conduct checks on DeFi protocols and face liability for certain customer losses under proposed changes to EU crypto rules.
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SpaceX Share Unlock Looms Over Aave Collateral Proposal
LlamaRisk recommends a 55% collateral factor and a 37,000-token cap, with larger liquidations dependent on redemptions or derivatives hedges.... Read the full story at The Defiant
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Tether leads $15 million funding round for AI-focused payment startup Mural
The Series A round, which included participation from North Island Ventures and existing investors, brings New York-based Mural's total funding to $28 million.
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PancakeSwap Opens 'The Flip' Vote With CAKE Supply Condition
The final plan retains CAKE buybacks from non-stablecoin protocol fees and phases a roughly 69% cut in effective daily emissions.... Read the full story at The Defiant
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MoonPay, Upbit parent Dunamu explore collaboration on stablecoin payments, GIWA expansion
The companies also plan to explore ways to broaden global access to Dunamu's Ethereum Layer 2, GIWA chain.
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OpenAI Buys Orchestra Bio to Put AI Agents in Charge of Drug Development Grunt Work
The ChatGPT maker is folding Orchestra’s drug-program agents into Rosalind, its life sciences suite, betting AI can shave time off the decade-plus it takes to bring a medicine to patients.
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Crypto’s 2026 shutdown wave claims 82 projects. What went wrong?
Crypto projects are struggling to survive as falling revenues, depleted funding and security breaches force closures across DeFi, blockchain infrastructure and gaming.
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Extended Plans Oct. 22 Settlement Move From Starknet to Arc
Extended says holders of more than $1 of USDT or wBTC in a sub-account must convert or withdraw to avoid forced closures, but its notices give conflicting deadlines.... Read the full story at The Defiant
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Ethereum Staking Hits Record 43.8 Million ETH, Bitwise Says
Ethereum's gross annualized staking yield fell to 2.63% from 2.81%, while Solana also saw more stake and lower returns.... Read the full story at The Defiant
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Bitcoin yield platform HoneyB developer raises $5 million at $30 million valuation
Nectar Group, the developer of bitcoin income platform HoneyB, has raised $5 million in a seed funding round.
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Michael Saylor’s STRC has been off parity for five months
Despite Strategy’s attempts to bring STRC, its variable rate perpetual stock, back to par by repeatedly purchasing hundreds of millions of dollars worth, the perps have stubbornly remained below parity since May 15. This means that through numerous promises from the C-suite and board, MSTR has been...
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Injective, BDACS plan Korean won stablecoin settlement for tokenized assets
Injective and BDACS plan to bring won-backed stablecoin KRW1 to tokenized asset markets as South Korea develops a regulatory framework for local currency stablecoins.
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Stablecoin transfers quadruple to $891B as US banks expand adoption: Report
Coinbase reports growing adoption by banks and businesses, even as stablecoin market capitalization remains largely unchanged over the past year.
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Lulo Says Boost Deposits Face 6.4% Drawdown From Neutrl Exposure
Protected deposits are unaffected, Lulo says, while Neutrl's redemption contract offers 0.51 USDC per NUSD.... Read the full story at The Defiant
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Sberbank Gains Russian Crypto Exchange Authorization Ahead of Planned December Launch
The bank plans to offer Bitcoin, Ether and USDT through its existing apps, while Russian rules impose testing and purchase limits on non-qualified investors.... Read the full story at The Defiant
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French Lawmakers Back Stablecoin Swap Tax by Just One Vote
The amendment would make swapping crypto into euro or dollar stablecoins taxable in France from 2027, with gains measured coin by coin.
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Injective partners with BDACS to bring Korean won stablecoin to RWA ecosystem
The move comes amid South Korea's regulatory developments to establish a framework for Korean won-denominated stablecoins.
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Blockchain.com Launches Options Trading on Seven Cryptoassets
Buyers fund contracts in USDC and cannot exit before expiry. US and UK residents are among those excluded.... Read the full story at The Defiant
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Walt Plans AI Perpetuals Trading Through Mira, ChatGPT and Claude
Order execution would be off by default, with AI agents restricted to a dedicated trading account that users choose to fund.... Read the full story at The Defiant
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Michael Howell: Bitcoin as the Apex Liquidity Asset
Bitcoin Magazine Michael Howell: Bitcoin as the Apex Liquidity Asset Gold or Bitcoin? Michael Howell says you need both. He calls Bitcoin “the most liquidity sensitive asset on the planet by far” and recommends a basket weighted by volatility, one where Bitcoin’s share grows as it becomes more...
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Tx launches USTX stablecoin to pull RWA liquidity onto its chain
The Brale-issued token can be minted with USDC from eight networks and is designed to settle tokenized stocks and other assets on tx.
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France Moves Budget Vote Carrying Stablecoin Tax to Nov. 3
The proposal would end tax deferral on gains from swaps into single-currency stablecoins from January 2027. It remains subject to further parliamentary votes.... Read the full story at The Defiant
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France's parliament approves vote to hit stablecoin trades with 31% capital gains tax
Amendment I-3898 removes tax deferral for MiCA-compliant stablecoins starting January 2027.
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Lido Engineer Warns of Staking Deposit Hijack at Glamsterdam
The related consensus-specs issue was closed as ‘not planned’; its author points to pre-deposit checks as a defense.... Read the full story at The Defiant
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Blockchain Association says Treasury’s GENIUS Act rollout needs clearer DeFi, foreign issuer rules
The group filed comments on Treasury's proposed rule implementing the GENIUS Act, which governs who can issue and sell payment stablecoins.
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Aster Sets PAPER Perp Delisting After Transferability Decision
Paragon had already halted its PAPER market and settled open positions at $0.026296 after Papertrade ruled out token transfers for now.... Read the full story at The Defiant