DeFi news
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Tether Routed Payments to Hines's Firm During White House Tenure, WSJ Reports
The Journal says Nxum earned $6.3 million from the arrangement; a firm representative said Hines received no Tether-derived funds while in government.... Read the full story at The Defiant
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Tokenization Is About Much More Than Bringing Assets Onchain
Instant settlement, automated coupon payments and collateral that can be re-pledged in DeFi are what separate a tokenized asset from its offchain version.... Read the full story at The Defiant
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Firelight Adds $30.5 Million of Cover to Kraken USDC Vault
Depositors face a $100,000 cap per address per coverage period, with payouts handled by Sentora rather than guaranteed by Kraken.... Read the full story at The Defiant
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Safe Launches Safenet Aegis Security Network on Three Chains
Checks cost 0.40 USDC, paid to security providers, while onchain enforcement requires enabling a Guard on the Safe account.... Read the full story at The Defiant
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Stripe and Plasma to Develop Multi-Currency Stablecoin Cards
Plasma plans to move to Stripe’s card infrastructure, with direct euro spending among the capabilities under development.... Read the full story at The Defiant
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EBA designates Circle’s USDC as the EU’s first ‘significant’ e-money token
The EBA classified Circle’s USDC as the EU’s first "significant" e-money token, with new supervisory responsibilities beginning Nov. 12.
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Lido Adds Direct ETH Staking From Four Layer 2s to Its Interface
Users receive wstETH from local liquidity pools, while ETH is bridged to Ethereum for staking and the pools are replenished in the background.... Read the full story at The Defiant
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HashKey Chain Admin Moves 142,818 USDT With Temporary Contract Swap
The original deposit code was restored about six minutes later, but a three-of-five multisig retains immediate upgrade powers.... Read the full story at The Defiant
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Babylon advances native Bitcoin lending proposal on Aave V4
Babylon’s proposal to bring native Bitcoin collateral to Aave V4 has entered a new governance stage, but further votes and security reviews remain before launch.
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Ethereum HEX Sinks 31% After Reports of Richard Heart's Detention
A Uniswap pool handling about $703,000 in daily HEX trading held just $354,000 in liquidity, adding execution risk for sellers.... Read the full story at The Defiant
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VanEck seeks to withdraw application for Lido staked Ether ETF
VanEck initially filed an S-1 registration statement for the exchange-traded fund in October last year.
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VanEck Seeks to Withdraw Lido Staked Ethereum ETF Filing
The proposed fund would have held stETH directly and offered brokerage-account exposure to Lido’s liquid-staking token. Its registration never became effective.... Read the full story at The Defiant
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XLM Drops 4%, Lagging Bitcoin and Ether
Stellar announced native Chainlink data services for DeFi applications, while XLM’s seven-day loss reached 7.85%.... Read the full story at The Defiant
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Russia's Biggest Bank Sberbank Wins Approval to Trade Bitcoin
Sberbank now holds both custody and exchange status under Russia's new crypto law, and plans to bring Bitcoin, Ethereum and USDT to apps used by 110 million retail clients.
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Strategy’s USD Cash down 60% in seven weeks
USD Cash at Michael Saylor’s BTC treasury company Strategy has fallen 60% from $1.61 billion on August 30 to $640.5 million on October 11, according to its latest disclosure this week. The firm has spent the majority of its USD Cash on STRC buybacks, Strategy’s ultra-high yield dividend stock that...
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EU authority classifies Circle’s USDC as ‘significant’ under MiCA
The second-largest stablecoin by market cap will be overseen by French and EU authorities under its classification as a “significant e-money token.“
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Uniswap Launches ETH/USDC Pool With Separate Buy and Sell Fees
The VolatilePair Hook adds temporary charges on trades reversing large price moves, aiming to retain more arbitrage value for liquidity providers.... Read the full story at The Defiant
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Standard Chartered pushes $2T stablecoin forecast to 2030 as transaction volumes grow
The bank identified four distinct stablecoin markets, with USDC leading payments and AI transactions as competition intensifies over reserve yields.
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Standard Chartered pushes $2 trillion stablecoin market forecast to 2030 as supply growth stalls
Standard Chartered Bank has pushed its $2 trillion stablecoin market forecast to 2030 from 2028 because supply growth has stalled this year.
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EBA Names USDC the EU’s First ‘Significant’ E-Money Token
Financial supervision shifts to the EBA on Nov. 12, while France’s ACPR keeps responsibility for governance and other corporate matters.... Read the full story at The Defiant
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Babylon Advances Native Bitcoin Collateral Plan for Aave V4
The proposal would keep collateral on Bitcoin but use WBTC to settle permissionless liquidations. Risk settings and further governance votes are still pending.... Read the full story at The Defiant
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Strive buys $235 million in bitcoin as warrant exercises yield $369 million
Strive acquired 2,822 bitcoin for $235 million following $369.2 million in gross proceeds from traditional warrant exercises.
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Blue Coin Capital CIO: MSTR’S BTC Buying Engine is About to IGNITE | Mike Treidl
Bitcoin Magazine Blue Coin Capital CIO: MSTR'S BTC Buying Engine is About to IGNITE | Mike Treidl Bitcoin treasury companies have moved from convertible bonds to perpetual preferred equity, and Mike Treidl explains why. He breaks down how preferreds let issuers like Strategy defer payments without...
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Ekubo Adds Shadow Accounts for Liquidity Providers
The feature uses existing pools rather than a separate private market; LP positions and transaction details remain visible onchain.... Read the full story at The Defiant
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Former FTX Europe chief targets U.S. tokenized stock trading with new SEC exemption
Nasdaq-listed Perpetuals.com is the second company to pursue a U.S. tokenized stock marketplace under the SEC's new framework, following a joint venture between OKX and NYSE parent ICE.
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EQX Plans 11 Tokenized Stock and ETF Markets on Hyperliquid
The share-backed tokens would trade on HyperCore against USDC, with US persons excluded under EQX’s eligibility rules.... Read the full story at The Defiant
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Kraken parent Payward to become first crypto firm to buy a EU bank as it expands into deposits, lending
Payward agreed to buy Lithuania’s Saldo Bank, which holds $190 million in total assets, securing an EU license for deposits and lending.
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Evernorth Taps Ripple, Kraken, Coinbase and BitGo for XRP Yield Push
The Nasdaq-listed treasury company plans to start institutional strategies in Q4, with direct XRP Ledger credit-market investments to follow as the infrastructure matures.... Read the full story at The Defiant
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DriveWealth to use Ripple’s RLUSD for stablecoin settlement, cross-border payments
DriveWealth will use Ripple's RLUSD on the XRP Ledger for stablecoin settlement, collateral funding and custody, starting in Europe.
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Polygon Labs completes Coinme acquisition, bringing regulated payments coverage across 48 US states
Polygon Labs completed its Coinme acquisition, bringing 37 state money transmitter licenses into its stablecoin payments infrastructure.