DeFi news
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Balancer Holders Approve Wind-Down, Reject Official Fork
Balancer token holders approved winding down the DeFi liquidity protocol and distributing its treasury to BAL holders, while rejecting a separate proposal to fund an official fork. “BIP-928 passed and BIP-929, the fork proposal, did not,” Balancer said on Sept. 29. “Pools keep working as usual......
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Coinbase Adds HYPE and ZEC as Collateral for Loans of Up to $100,000
Coinbase added Hyperliquid’s HYPE and Zcash’s ZEC as collateral for USDC loans, saying on Sept. 29 that customers can now “instantly borrow up to $100k” against the assets. The announcement makes the borrowing option available to eligible U.S. users outside New York through Morpho on Base. The......
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Sentora Seeks Aave V4 Markets With 50% Revenue Share for DAO
Sentora has proposed operating independently curated lending markets on Aave V4, starting on Ethereum, with half of the instance's protocol revenue going to the Aave DAO. The Aave Request for Final Comments, or ARFC, remains at the community-feedback stage. It calls for a Snapshot vote followed,...
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Modveon Unveils El Salvador’s Sivar App for Dollar Transfers on Base
Modveon said its Sivar app is live in El Salvador, offering a government-backed service for holding and sending dollar stablecoins on Base, including transfers between the U.S. and El Salvador. The app’s terms of service identify Circle’s USDC as a supported stablecoin and describe...
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André Dragosch: Why Bitcoin’s Fair Value is $197,000
Bitcoin Magazine André Dragosch: Why Bitcoin's Fair Value is $197,000 The 10-year Treasury yield is spiking, and Bitwise's André Dragosch has a rule of thumb for when that becomes dangerous: 80 basis points in 20 trading days. He explains why the speed of the move matters more than the level, how a...
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Compound Foundation accused of ‘misappropriating’ DAO funds
DeFi lending protocol Compound Finance has once again found itself embroiled in DAO drama. A Compound community member, username “ugurmersin,” has accused the Compound Foundation of the “misappropriation” of 8.42 million DAI. According to a post on the project’s governance forum, the sum was used...
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Ondo Perps CEO sees ‘huge opportunity’ for perps in US market, under different model
The CEO's comment comes at a time when U.S. regulators and several firms are testing how perpetual futures could enter domestic markets.
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Aave leads DeFi higher as crypto shrugs off surging bond market
Aave jumped 11% on speculation over a token burn, with 72 of 100 CoinDesk 100 constituents higher even as the 10-year Treasury yield sat at 5.234%.
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Bitcoin bounces to $84K after US 30-year bond yield sets 24-year high
Bitcoin price action consolidated after early-week losses while protecting a “trend-defining” support zone.
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Coinbase Now Owns Every Layer of Its Derivatives Stack After CFTC Approval
Coinbase Clearing will take USDC as collateral and settle around the clock, though margined products stay with partners.
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Analysts see 10-year Treasury yield hitting 6%. Bitcoin bulls shouldn't panic
Why yields are rising matters more for bitcoin than how high they go.
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Anthropic plans to spend $518 billion on AI infrastructure. Pre-IPO perps barely blink.
Anthropic's prospectus seen by Reuters shows big spending plans despite heavy losses. Still, pre-IPO perps barely moved on cryptocurrency exchanges.
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Tether says it helped freeze $550M in Iran-linked USDT this year
The disclosure came as Senate Democratic investigators alleged USDT had become a key part of Iran’s shadow banking network.
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Citi Clients Can Now Take Stablecoin Payments Through Coinbase—Without Touching Crypto
Coinbase and Citi expanded an existing deal so Citi's institutional clients can accept stablecoin payments, while Coinbase business accounts run on Citi's banking rails.
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Citi and Coinbase Working Together To Build Stablecoin Infrastructure for Businesses
Bitcoin Magazine Citi and Coinbase Working Together To Build Stablecoin Infrastructure for Businesses Citigroup is working with America’s biggest crypto exchange, Coinbase, in its latest blockchain-based venture. The two companies said in a joint statement Monday that they were teaming up to allow...
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Tether’s USDT at center of Iran’s shadow banking network, new Senate Report says
Tether and its stablecoin have become central in "Iran's shadow banking system," according to a new Senate investigation.
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Bybit accepts Franklin Templeton tokenized funds as trading collateral
Eligible institutions can pledge Benji-issued fund shares for stablecoin credit lines while keeping the underlying assets in off-exchange custody.
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Compound Foundation Denies V2 Reserve Misuse Allegation
The Compound Foundation on Sept. 28 rejected governance participant Ugur Mersin’s allegation that it misused 8.42 million DAI in the lending protocol’s V2 reserves, saying the assets remained DAO-owned and had not funded Foundation operations. In its statement, the Foundation acknowledged... Read...
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Tether Says It Helped Freeze Nearly $550 Million in Iran-Linked USDT
Tether said Sept. 28 that it had helped U.S. authorities freeze approximately $550 million in USDT during 2026 across wallets authorities identified as connected to Iran’s central bank and sanctions networks. The disclosure coincided with a report from Sen. Richard Blumenthal and the minority...
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Citi expands Coinbase partnership to power stablecoin payments for businesses
Coinbase is expanding partnership with Citi to provide businesses with infrastructure connecting traditional fiat payments and stablecoins.
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Dune Flags Yield Shortfall at Tokenized Money Funds
Dune’s Arno said on Sept. 28 that the 12 largest tokenized money funds yielded less than the Treasury bills behind them, extending the data company’s examination of how much government-debt income reaches onchain investors. An issuer disclosure provides a concrete example of a benchmark gap. The......
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Tether is a ‘lifeline’ for Iranian regime, Senate Dems say in new report
Democrats on the Senate's Permanent Subcommittee on Intelligence published a report alleging that USDT had become a key tool for the Iranian government.
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Ondo Perps Adds Spot Trading for 12 Tokenized Stocks and ETFs
Ondo Perps launched spot trading for 12 Ondo tokenized stocks and exchange-traded funds on Sept. 28, allowing eligible traders outside the U.S. to buy tokens and use them as collateral for perpetual futures positions on the same platform. Ondo Finance confirmed the launch, describing a... Read the...
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Dollars In, Bitcoin Out: Breez SDK Debuts New Stablecoin Feature
Bitcoin Magazine Dollars In, Bitcoin Out: Breez SDK Debuts New Stablecoin Feature Despite being so-called digital dollars, stablecoins aren’t always simple to use. They run on various crypto networks that need different digital wallets — the type of thing that can put crypto newbies and seasoned...
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UsePaid suspends X Money payments after volume spike
Solana-based DeFi protocol UsePaid, which uses X's integrated digital banking service X Money to share token creator fees with users, has paused payments after experiencing “issues” following a spike in volume. UsePaid noted , “Existing balances remain safe and fees will continue to accrue.” It...
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AI agents could drain cheap bank deposits, Apollo's Torsten Slok warns
AI agents could trigger a bank run by automatically moving household cash from low-interest checking accounts to higher-yield alternatives, Slok warns.
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Citi Taps Coinbase for Corporate Stablecoin Payments: WSJ
Citi has tapped Coinbase to help its large corporate clients accept stablecoin payments from customers, The Wall Street Journal reported. Coinbase will provide the digital payment infrastructure, according to the report. The customer-payment use case builds on a collaboration that Citi and...
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THORChain refuses to block Bitget funds, despite pausing after own hack
DeFi project THORChain has turned down a formal plea to “refuse service” to addresses associated with the recent hack of Bitget, a centralized crypto exchange which lost over $380 million on Thursday night. The decision comes four months after THORChain halted trading after it was hacked for $10...
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Crypto-friendly institution Franklin Templeton brings its tokenized collateral service to Bybit
Franklin Templeton’s tokenized money market shares can be used as collateral for USDT or USDC trading credit lines on Bybit while earning yield on the underlying assets.
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Bitcoin drops under $83K as liquidity hunting keeps bulls from targeting yearly open
Bitcoin joined US stock futures in dropping on Monday after US president Donald Trump did not commit to permanently halting strikes on Iran.