Stay current with the latest news, analysis, and trends in Decentralized Finance (DeFi). Explore the world of DeFi protocols and innovation.
DeFi
Decentralized finance (DeFi) lending platform Abracadabra has suffered another security breach, losing nearly $1.8 million worth of Magic Internet Money (MIM) tokens in its latest exploit — the third significant hack to strike the protocol since 2024. According to blockchain security firm BlockSec Phalcon, the attack took place late Saturday
DeFi
Zach Witkoff, co-founder of World Liberty Financial, has unveiled plans that could bring the Trump family’s iconic real estate portfolio into the blockchain era—allowing investors worldwide to own a digital share of luxury properties. Yesterday I had the privilege of speaking on stage at @token2049 with @DonaldJTrumpJr about
DeFi
Tether Holdings, the company behind the world’s largest stablecoin USDT, is joining forces with Antalpha Platform Holding to raise at least $200 million for a groundbreaking venture centered on tokenized gold. The partnership aims to establish a public company that will hold Tether’s gold-backed digital asset, XAUt—blending
DeFi
Brex, the San Francisco-based financial technology company, is taking another step toward reshaping global payments by introducing stablecoin transactions on its platform. The company announced that clients will soon be able to send and receive USDC, the dollar-backed stablecoin issued by Circle, offering businesses faster and more flexible payment options.
DeFi
Coinbase has crossed a major milestone in its lending business, surpassing $1 billion in bitcoin-backed onchain loan originations just eight months after the service launched in January. The program, powered by decentralized finance (DeFi) protocol Morpho—a Coinbase Ventures portfolio company—allows users to borrow stablecoin USDC against their bitcoin
DeFi
Lower global interest rates could fuel the next wave of decentralized finance (DeFi) growth, according to Aave founder and CEO Stani Kulechov. Speaking at the Token2049 conference in Singapore, Kulechov said monetary easing by central banks may set the stage for another “DeFi summer,” echoing the explosive growth the industry
DeFi
Visa is experimenting with a new pilot program that could change the way money moves across borders. The payments giant is allowing banks, remittance firms, and other financial institutions to use pre-funded stablecoins—digital currencies backed by the U.S. dollar or euro—to make international transfers faster and more
DeFi
ETF issuer 21Shares has submitted an updated S-1 filing for its proposed Solana exchange-traded fund (ETF), adding new details on the fund’s structure as U.S. regulators prepare to decide on a wave of crypto products next month. The amendment clarifies how the Solana ETF would handle staking and
DeFi
A decentralized finance (DeFi) project called Hypervault has gone dark after blockchain security firm PeckShield flagged suspicious outflows of around $3.6 million. The incident is raising concerns of a possible rug pull, one of the most common types of scams in the DeFi sector. The Suspicious Transfers According to
DeFi
Aster, the decentralized perpetuals exchange backed by YZi Labs, has reimbursed traders who suffered unexpected losses after a sudden price anomaly in its XPL perpetual contract. The glitch, which briefly sent the token’s price soaring far above market levels, sparked forced liquidations before being swiftly resolved. The issue unfolded
DeFi
Plasma, a new Layer 1 blockchain designed for stablecoin transactions, has officially launched its mainnet and native XPL token. The platform debuts with a bold promise: zero-fee USDT transfers powered by its custom PlasmaBFT consensus mechanism. Built to streamline global money movement, Plasma is fully compatible with the Ethereum Virtual
DeFi
Institutional money is making a decisive move into Bitcoin treasuries as U.S. investment powerhouse Capital Group takes the top stake in Japan’s Metaplanet. In a disclosure filed on September 25, Tokyo-based Metaplanet announced that Capital Group had increased its ownership to 11.45%, making it the company’s