DeFi news
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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 joins Paxos-led stablecoin group Global Dollar to capture digital dollar growth
The Ethereum layer-2 is backing Paxos-issued USDG to earn a share of reserve income as new stablecoin alliances compete for distribution, users and reserve economics.
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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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Paxos’ $3B USDG stablecoin launches on Arbitrum
Paxos’ USDG stablecoin is now live on Arbitrum as the network proposes 100 million ARB in incentives to support adoption and liquidity.
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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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Binance BTC outflows hit highest since mid-2023 as whales deposit stablecoins
Binance BTC reserves fell by nearly 40,000 coins since Sept. 20 as whales returned stablecoin capital to their exchange wallets.
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OKX Money lets users save, earn 10% yield and spend dollar stablecoins in one app
he product converts more than 50 local currencies into stablecoins, offers rewards of up to 10% on eligible USDG balances and includes virtual and physical payment cards.
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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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OKX eyes emerging markets with yield-offering stablecoin savings and payments app
OKX Money lets users hold, send and spend dollar-backed stablecoins, with qualifying USDG balances earning up to 10% APY.
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DeFi Development Corp Adds $3 Million in Solana as SOL Buys Slow
Nasdaq-listed DeFi Development Corp's latest SEC filing shows its Solana stash grew 1%, to about 2.56 million SOL and SOL equivalents—roughly half the prior week's gain and well below mid-September's pace.
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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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Modern Treasury seeks US trust bank charter for digital asset custody
The payments infrastructure company is seeking federal approval to offer stablecoin custody and related fiat services through a limited-purpose national trust bank.
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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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Stablecoin Development Corp price pumps for no reason
Stablecoin Development Corp, which has been trading around a minimal $50 million marketcap for months, has suddenly seen its price jump tenfold in a matter of two weeks for absolutely no reason whatsoever. Tether is a major investor in the company, whose primary business appears to be earning...
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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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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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Japanese Bitcoin Treasury Metaplanet Sold BTC Last Quarter To Demonstrate Liquidity
Bitcoin Magazine Japanese Bitcoin Treasury Metaplanet Sold BTC Last Quarter To Demonstrate Liquidity It may have sold some of its stash last quarter, but Japanese bitcoin giant Metaplanet has said it was just to demonstrate to investors that it could if it wanted to. In a filing Monday, the Tokyo...
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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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S&P Global brings risk assessments to growing crypto lending vault sector
S&P Global’s new framework evaluates digital asset lending vaults across six risk categories as deposits in the sector climb to about $10 billion.
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More than 60 U.S. stocks including Nvidia and Tesla are headed onchain. Here’s how it works
The planned 24/7 venue will offer dozens of tokenized U.S. stocks, with trades conducted against stablecoins through blockchain-based liquidity pools rather than a traditional order book.
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DeFi Development sees NAV per share more than doubling, holds 2.56 million SOL
DFDV says preliminary Q3 estimates show NAV per share more than doubled as its Solana treasury grew to 2.56 million SOL.
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OKX And NYSE Owner's Venture Files To Trade 63 Tokenized Stocks Onchain
OKXICE told the SEC it will run tokenized equity trading through permissioned Uniswap v4 pools on X Layer. Cerebras has already filed an objection to being included.... Read the full story at The Defiant
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S&P Global Puts A Letter Grade On DeFi Lending Vaults
The Vault Risk Assessment scores a vault from AAA(v) to D(v), and the curator running it can cap the result. S&P has not assessed a vault yet.... Read the full story at The Defiant
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Stripe to expand stablecoin cards to over 100 countries by the end of the year
The payments giant is planning a major global expansion for its stablecoin cards business, and is exploring tokenized deposits and DeFi use cases, new crypto head Henri Stern said.
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China P2P stablecoin wallets grew 43x despite crypto restrictions: Chainalysis
Unique wallets sending P2P stablecoin transactions in China grew 43-fold between Q1 2024 and Q2 2026 as crypto activity increasingly shifted toward direct wallet-to-wallet transfers.