DeFi news
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Ripple wins final US approval for national trust bank
The approval clears the way for Ripple to manage reserves backing its RLUSD stablecoin and provide digital asset custody.
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Canada’s Draft Stablecoin Rules Cap Redemption Fees at 1% and Ban Yield
Ottawa opened a 60-day consultation on draft rules requiring one-to-one reserves and fast redemption from stablecoin issuers, while keeping the ban on paying holders interest.
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US OCC calls on community banks to become payment stablecoin issuers
The announcement followed the banking regulator finalizing its rules for the GENIUS Act, a stablecoin law to be implemented in January
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Bitso Brings Morpho Lending to Its App With Bóvedas
The product moves USDC and peso-pegged MXNB into noncustodial lending vaults, with variable returns and no deposit insurance.... Read the full story at The Defiant
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Instinct Rolls Out Link Balance for AI Shopping With Spending Limits
Link says funded balances are held in USDC, while Tempo founder Matt Huang says stablecoins on its blockchain power the feature.... Read the full story at The Defiant
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Canada opens consultation on stablecoins, citing US GENIUS Act
As part of the potential implementation of its Stablecoin Act, the Canadian government will hear from the public on a proposed framework for tokens from non-financial institutions.
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Hyperliquid says Kraken parent Payward to be first CFTC-regulated HIP-3 deployer
Hyperliquid plans to make Kraken parent Payward the first CFTC-regulated HIP-3 deployer, a step toward regulated U.S. perpetual futures.
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Y Combinator-backed Mochatrade raises $5.5 million to offer US stock perpetuals to Indian traders
The platform is in beta and plans to open to the public in the coming weeks, co-founder Chetan Manda told The Block.
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Hyperliquid Tests Permissioned Markets for Payward's US Perps Plan
Optional onchain allowlists would leave existing markets unchanged; the proposed US contracts still need regulatory approval.... Read the full story at The Defiant
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Aave Raises USDT Borrowing Costs at High Utilization
The Ethereum pool now enters its steeper rate tier at 92% utilization, giving borrowers an earlier incentive to leave liquidity available for withdrawals.... Read the full story at The Defiant
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India’s CoinDCX Confirms $16 Million Loss Days After CEO Called It a ‘False Alarm’
The Mumbai-based exchange says 15.99 million USDT was drained from wallets it retired after last year’s $44 million hack, bringing its combined losses to nearly $60 million—and it’s absorbing the hit.
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Chainlink Introduces CustodySync With Anchorage for Custodied DeFi Borrowing
The system uses shared price data to align loan valuations, while Anchorage retains collateral and manages margin and liquidation.... Read the full story at The Defiant
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OCC calls on community banks to enter the stablecoin payments market
The U.S. banking regulator is encouraging smaller lenders to develop stablecoin services as new federal licensing requirements approach.
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Canada opens consultation on draft stablecoin rules, maintains ban on yields
Under the draft rules, non-bank stablecoin issuers must back tokens 1:1 with reserves held at qualified Canadian institutions and settle redemptions within three business days.
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OCC Encourages Community Banks to Become Stablecoin Issuers
Applications have yet to open, and new issuers generally must win approval before beginning US operations.... Read the full story at The Defiant
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AI giant Anthropic files for blockbuster IPO
The maker of Claude reported $16.3 billion in first-half revenue and an $80.7 billion net loss as it aims to price its offering in mid-November.
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Aviva Investors, Ripple launch tokenized share class of $29 billion sterling fund on XRP Ledger
Aviva Investors has launched a tokenized share class of its Sterling Liquidity Fund on the Ripple-backed XRP Ledger.
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Bitcoin holds near $80,000 as oil retreats and the Fed decision looms
Bitcoin was little changed near $80,400 since midnight UTC while the DeFi index was the only CoinDesk index to gain, with the Fed due to decide on Wednesday.
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Standard Chartered-led Anchorpoint says it’s not rushing retail stablecoin
The Standard Chartered and Animoca Brands joint venture previously targeted retail access as early as the end of 2026, but its CEO declined to reaffirm that timeline.
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How a DAO Vote Becomes a Treasury Transfer
Uniswap’s executed funding proposal shows the difference between a sentiment poll, a binding vote and the contract authorized to release tokens.... Read the full story at The Defiant
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Keystone customers say breach exposed data the hardware wallet maker promised to delete
Keystone has said it deletes customer information 180 days after their orders in most cases, though X users have cast doubt on that claim.
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Tokenized Deposits vs. Stablecoins: What JPM Coin and USDC Holders Own
USDC holders can transfer tokens without a Circle Mint account, but direct dollar redemption requires one. JPM Coin limits participation to approved institutional clients.... Read the full story at The Defiant
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X100 Exploit Proceeds Split Into Four 400-ETH Wallets
The first exploiter swapped about 4.75 million USDT into ether, while the distribution wallet retained another 423 ETH.... Read the full story at The Defiant
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Keystone Website Breach Exposes Customer Addresses and Order Details
The hardware-wallet maker says it blocked access and fixed the vulnerability. Payment details, recovery phrases and private keys were not exposed, according to the company.... Read the full story at The Defiant
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Third X100 Exploit Transaction Pulls 550,000 X From Uniswap Pool
A different sender routed about 549,916 X and 1,909 USDT to a new beneficiary, while the affected pool held less than 200 USDT.... Read the full story at The Defiant
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X100 Exploit Nets 4.85 Million USDT After Governance Takeover
Two transactions turned treasury tokens and liquidity positions into USDT; Blockaid warned that the Ethereum attack was ongoing.... Read the full story at The Defiant
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Bitcoin’s wealthy holders turning to loans and yield as investment habits mature: Xapo CEO
Borrowing against bitcoin and earning income to build their BTC holdings are becoming priorities for long-term investors, Xapo Bank CEO Seamus Rocca told CoinDesk.
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Bitcoin’s wealthy holders turning to loans and yield as investment habits mature: Xapo CEO
Borrowing against bitcoin and earning income to build their BTC holdings are becoming priorities for long-term investors, Xapo Bank CEO Seamus Rocca told CoinDesk.
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Hong Kong’s Biggest Bank Puts a Stablecoin in 3 Million Wallets
HSBC switched on its Hong Kong dollar stablecoin inside PayMe on Friday, testing whether a bank-issued token can become everyday money.
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UNI Slides 29% in Four Weeks as Uniswap Liquidity Holds Steady
The token has underperformed bitcoin and ether, while Uniswap still holds about $4 billion in liquidity.... Read the full story at The Defiant