Browsing: DeFi

SMBC Nikko Securities said it will develop regulatory-compliant DeFi infrastructure for Japanese investors with Nethermind, an Ethereum core developer. Uniswap Labs, Base and the Nyx Foundation will also take part. The group plans to build a “DeFi Gateway” consisting of…

Whale inflows of stablecoins worth more than $1 million to Binance have risen more than 40% over the past month, according to a CryptoQuant analysis by contributor Darkfost. Darkfost said the 30-day cumulative inflow increased to $30.5 billion from $21.7…

More than 50,000 EU citizens emailed the European Commission urging it to allow stablecoin rewards, including interest payments, yield distributions, cashback and fee discounts, Stand With Crypto EU said, according to Bitcoin News. Separately, more than 126,600 people signed a…

South Korean exchange Upbit announced the addition of Dolphin (POD) for KRW, BTC and USDT trading at 7:00 a.m. UTC today.

About 114.09 ETH worth of assets was stolen after a vulnerability in the Loop Safe Module, which is linked to Aave v3, was exploited, blockchain security firm SlowMist said. SlowMist said the attacker abused a flaw that let fake Safe…

South Korea’s Kyobo Life Insurance discussed ways to work with Japan’s SBI Holdings, stablecoin issuer Circle and South Korean digital-asset custodian BDACS to apply stablecoins and real-world assets to financial services, Digital Asset reported. Kyobo Life said it held the…

Stablecoin issuers’ holdings of short-term U.S. Treasuries could reach around $400 billion by 2030 if current growth trends continue, Cryptopolitan reported, citing the Federal Reserve Bank of San Francisco. The report said issuers have been increasing their T-bill holdings to…

An anonymous Ethereum whale address starting with 0xC1C withdrew $8.07 million worth of ETH from Binance about four hours ago and deposited the funds into decentralized lending protocol Aave, according to on-chain analyst ai_9684xtpa. Exchange withdrawals are typically interpreted as…

The U.S. Treasury will allow states to submit conditional certificates to meet the initial application deadline even if state-level stablecoin rules are not yet fully in place, CryptoSlate reported. That means states that still need additional legislation or regulatory changes…

Latin America’s stablecoin ecosystem shows potential vulnerability because it relies on a small number of liquidity providers, according to a report by Veris Capital and Verda Ventures cited by Cointelegraph. The report said only 16 of the 494 companies surveyed…