DeFi news
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Judge Lets Stock Perpetual Futures Keep Trading but Says CFTC Likely Overstepped Its Authority
Bitcoin Magazine Judge Lets Stock Perpetual Futures Keep Trading but Says CFTC Likely Overstepped Its Authority Stock perpetual futures can keep trading on Kalshi, Coinbase Derivatives and Bitnomial for now after a federal judge denied an emergency bid to halt them Tuesday, while finding that the...
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Circle’s ARC token sale lifts earnings as lower yields weigh on USDC income
Circle is looking to payments fees and future staking rewards to diversify revenue as its core stablecoin business faces pressure from lower yields and growing competition.
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What Is x402? How AI Agents Pay With Crypto
Coinbase's x402 protocol puts the web's long-unused 402 code to work so AI agents and apps can pay for APIs and data in stablecoins like USDC.
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Stripe Lets US Businesses Send Stablecoins to Wallets in 160-Plus Markets
The public preview supports USDC and Open USD, funded from a Treasury balance. Businesses in New York are excluded.... Read the full story at The Defiant
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ApeChain Plans Switch From LayerZero to Chainlink CCIP
The plan includes upgrading APE and USDC to Chainlink Cross-Chain Tokens, but the announcements do not specify holder migration steps or a legacy-bridge shutdown date.... Read the full story at The Defiant
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Coinbase Brings Deribit Options and Perpetuals to US Prime Clients
Institutions can access global derivatives through Coinbase Financial Markets, but shared liquidity does not mean a single margin pool.... Read the full story at The Defiant
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Polkadot Treasury Lost $1.38 Million After XCM Patch Missed Production
The flaw distorted DOT/dotUSD pool pricing. A later upgrade repaired the stablecoin’s supply accounting without changing holders’ balances.... Read the full story at The Defiant
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NEAR Adds 24/7 NIFTY 50 Perpetual With Cross-Chain Funding
The Hyperliquid-based contract allows up to 20x leverage and settles index-point gains and losses in USDC, without delivering Indian shares.... Read the full story at The Defiant
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Circle (CRCL) Cuts About 5% of Workforce as Q3 Revenue Hits $865M
Bitcoin Magazine Circle (CRCL) Cuts About 5% of Workforce as Q3 Revenue Hits $865M Circle Internet Group cut about 5% of its workforce in the third quarter, a reduction the USDC issuer disclosed in the footnotes of an earnings report that showed revenue rising 17% to $865 million and net income up...
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Dialectic Launches SpaceX Yield Vault Using Aave Loans on Base
Starloop borrows USDC against tokenized shares, adding liquidation risk to a strategy operating within Aave’s 37,000-token collateral cap.... Read the full story at The Defiant
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Morning Minute: CFTC Clears Stock Perps, Gets Sued the Same Day
Plus, pro-crypto spending largely failed to produce results as the Democrats swept the Senate and House in Midterms.
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USDC Issuer Circle Quietly Cuts 5% of Staff in Profitable Quarter
The USDC issuer disclosed the cuts in its earnings release, booking $9.1 million in restructuring costs as reserve income fell 8%.
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Circle beats earnings and revenue estimates on soaring USDC transaction volume
Circle’s net income for continuing operations of $226 million grew 5% year-over-year to $226 million in the third quarter.
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DeFi Explained
DeFi 201 explains decentralized finance as a connected protocol system. It follows how DEXs and AMMs, liquidity pools, lending markets, yield aggregators, oracles, derivatives and DAO governance fit together, and where composability creates systemic risk.
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Bitcoin rebounds from midterm dip as DeFi leads gains
Bitcoin recovered from a dip to around $75,600 as Democrats won Congress, while DeFi tokens led gains and Trump-linked coins fell.
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U.S.-sanctioned Moscow Exchange to list bitcoin and Tether’s USDT in December
Russia’s main bourse wants back the crypto trading Russians do abroad, and one of the coins it's listing is issued by a company that freezes wallets on the U.S. sanctions list.
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OpenAI Wants to Rebrand AI Data Centers, Use Them to 'Protect the Grid'
The ChatGPT maker says future facilities could ease pressure on power grids by cutting demand during emergencies.
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Tether Holds 150,000 Bitcoin, CEO Says—About 50,000 More Than Its Reserve Report Shows
Paolo Ardoino told the Plan ₿ Forum in Lugano the company owns “give or take 150,000 Bitcoin,” but its Q3 reserve report implies just 100,060.
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CFTC gets into legal clash over stock perps after having cleared path for crypto version
A group backed by Citadel Securities and other firms sued the U.S. derivatives regulator for opening a path for perps that it argued belong in the SEC's hands.
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CFTC clears stock perpetual futures for trading on US exchanges
US regulators are opening the door to stock-based perpetual futures, extending a popular crypto trading product into traditional markets amid ongoing legal disputes.
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CFTC Chair Says Equity Perps Can Begin US Trading
Kraken responded with ‘coming soon 👀’ as Selig outlined access through futures exchanges also registered with the SEC.... Read the full story at The Defiant
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CFTC Lets Traders Bet on Stocks With Crypto-Style Perpetual Futures
Chairman Michael Selig said “equity perpetual futures” can now trade on CFTC-registered exchanges, extending a crypto-native instrument to traditional stocks.
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Cboe-Backed Group Sues CFTC Over Single-Stock Perps Approvals
The complaint targets Coinbase, Kalshi and Bitnomial and seeks emergency relief to prevent their contracts from being listed as security futures.... Read the full story at The Defiant
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THORChain Refused to Block the $387M Bitget Hacker. Here’s Why | Chad Barraford
Bitget lost $387.5 million in a hack and asked THORChain to block the attacker’s addresses. THORChain said no. Weeks later, Tether froze four THORChain vaults on Tron holding 1.45 million USDT, then unfroze them three hours later. And in May, THORChain itself lost $10.7 million to a GG20 flaw...
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Tether Holds 150,000 Bitcoin CEO Says, 50,000 More Than Its Reserve Report Shows
Bitcoin Magazine Tether Holds 150,000 Bitcoin CEO Says, 50,000 More Than Its Reserve Report Shows Tether holds about 150,000 bitcoin, worth some $11.5 billion at current prices, CEO Paolo Ardoino said, a figure that exceeds the holdings implied by the company's latest reserve attestation by roughly...
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Stablecoin governance group behind OUSD sets out management fee, offers equity earning pool
Governance group Open Standard will charge a 0.1 basis point management fee on payment volume, capped at at $0.01 per payment.
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CFTC approves individual stock perpetual futures trading in US for the first time
The CFTC approved the ability for exchanges in the U.S. to offer perpetual futures contracts tied to individual stocks.
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CFTC clears perpetual futures on stocks, bringing crypto trading model to Wall Street
CFTC Chair Michael Selig said the move gives U.S. traders a regulated alternative to “offshore, and often unregulated, venues.”
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CFTC Opens U.S. Stock Market to Equity Perpetual Futures
Bitcoin Magazine CFTC Opens U.S. Stock Market to Equity Perpetual Futures Perpetual futures on individual stocks can begin trading on U.S.-regulated exchanges for the first time, the Commodity Futures Trading Commission said Tuesday, extending a product that was confined to offshore crypto venues a...
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Binance sits to benefit from First Digital listing
First Digital Trust, the firm behind the FDUSD stablecoin, announced early last month that it had signed a business combination agreement that would result in it being publicly listed, with a closing expected next year. The announcement comes after the market capitalization of its flagship product,...