State Street and Galaxy Launch Tokenized Fund for Onchain Cash
State Street and Galaxy Digital have launched a tokenized fund enabling institutions to earn yield on stablecoins with 24/7 onchain access, marking a major step…
DeFi
181 articlesDecentralized Finance protocols, DeFi yield strategies, and DEX insights
Senators' Clarity Act Stablecoin Deal: Why Banks Remain Silent
Lawmakers propose stablecoin compromise as crypto celebrates, but banking sector's muted response raises questions about industry consensus on digital asset reg…
DTCC Tokenized Securities Launch: 50 Partners in October
The Depository Trust & Clearing Corporation plans to launch tokenized securities in October with 50 major DeFi and traditional finance partners, leveraging $114…
Payward Sues Etana for $25M Crypto Custody Fraud Scheme
Kraken's parent company alleges client funds were misused and concealed in a Ponzi-like scheme by custodian Etana Custody, claiming widespread fraud amid liquid…
Wasabi Protocol Loses $4.5M in Admin Key Compromise Attack
Wasabi Protocol fell victim to a $4.5 million exploit through a compromised deployer key, mirroring the attack vector used in Drift's recent $285 million breach…
Banks vs. Crypto: The Stablecoin Regulation Battle Intensifies
Traditional banks are pushing to delay landmark stablecoin legislation while crypto firms like Agora accelerate their charter applications. The regulatory clash…
Crypto Industry Embraces CLARITY Act Yield Compromise
The crypto industry supports a yield model compromise in the CLARITY Act, shifting from buy-and-hold to buy-and-use frameworks. Despite industry backing, concer…
Brazil's Central Bank Bans Stablecoin Use in Cross-Border Payments
Brazil's central bank has prohibited fintechs and payment firms from using stablecoins and cryptocurrencies for cross-border settlement, while retail investors …
Crypto Hacks Hit $630M in April: DeFi's Security Crisis
April 2024 marked a devastating month for crypto security with over $630M lost across 25+ hacks. DeFi protocols faced the brunt of exploits despite ongoing secu…
Clarity Act Allows Stablecoin Rewards While Protecting Banking
The Clarity Act text permits crypto firms to offer stablecoin rewards through bona fide transactions while preventing deposit-like yield offerings that compete …