DeFi just scored a major win. The US congress has overwhelimly voted to overturn the Biden administration’s “broker” rule.” This rule sought to impose KYC on non-custodial software providers, sparking massive backlash from the crypto community. With 94 Democrates siding with Republicans, the House voted 292-131, striking down the rule after a 70-27 Senate vote […]
DeFi
DeFi TVL Drops by $45 Billion, Ethereum Struggles to Maintain Momentum
DeFi TVL drops by $45B, falling from $138B to $92.6B, reversing gains since Trump’s election. Ethereum faces challenges despite industry growth.
US Lawmakers Push to Repeal Controversial DeFi Broker Rule
The U.S. House Ways and Means Committee has advanced a resolution to repeal the DeFi broker rule, a regulation requiring decentralized exchanges to report transaction details to the IRS. Lawmakers voted 26-16 on February 26 to move forward with the measure, signaling opposition to the rule set to take effect in 2027. If approved by […]
DeFi Victory: SEC Drops Uniswap Case After 3 Years
Key Takeaways: Uniswap Labs, the developer behind the decentralized trading protocol Uniswap, has confirmed that the U.S. Securities and Exchange Commission (SEC) has dropped its multi-year investigation into the firm. The SEC terminated its probe with no action for enforcement, a big victory for the decentralized finance (DeFi) sector. Regulatory focus on Uniswap began in […]
Jupiter’s GOAT Plan: Meow Pledges 280M JUP for Future Gains
Jupiter exchange’s anonymous co-founder, Meow, has laid out an extensive roadmap to bolster JUP’s position as the “GOAT” token, with an emphasis on governance, transparency, organic growth, and collaboration. Meow outlined the “GOAT framework” and announced three key initiatives to address community concerns and push long-term alignment. First, the DEX will form an independent audit […]
Solana’s Pump.fun Launch New AMM, Radium Crashes
Pump.fun, the leading launchpad for Solana-based meme coins, is reportedly setting up its own Automated Market Maker (AMM) liquidity pools, which is currently in beta testing. This move will allow projects launched on the platform to migrate to its proprietary AMM instead of depending on existing decentralized exchanges like Raydium. The development of an in-house […]
Berachain Surges to $3.26B TVL Overtakes Arbitrum and Base
Berachain has reached a significant milestone, with its total value locked (TVL) exceeding $3.26 billion. This achievement places the Layer-1 blockchain ahead of Arbitrum and Base in the decentralized finance (DeFi) sector. As the sixth-largest DeFi network, Berachain continues to gain traction among users and investors. Berachain’s TVL Growth and Market Position According to DefiLlama […]
Solana $2.5B DEX Volume Plummets, Winners & Losers Revealed
Solana’s decentralized exchange (DEX) ecosystem has been on a significant downturn in trading activity. Data from DeFiLlama shows that on February 16th, the total trading volume on SOL DEXs hit over $2.5 billion, lowest so far since mid-December of 2024. This continuous downward trend indicates a potential decrease in user engagement and liquidity and is […]
Lido’s Urgent Message For wstETH Holders
LIDO, an Ethereum staking solution, has issued a notice to its wstETH holders, recommending the prompt withdrawal of tokens from Liquity’s V2 Stability Pool (“Earn”). This advisory comes as the Liquity team investigates the potential issue. Lido stressed that this is a precautionary measure and advise users to check official Liquity channels for updates on […]
CAKE’s 50% Pump Hits Wall: Can It Break $2.77?
CAKE, the native token of PancakeSwap, faces resistance above $2.77 after a 50% surge driven by renewed BNB Chain enthusiasm. The initial surge followed bullish comments from Binance’s co-founder Changpeng Zhao (CZ) and his recent meme coin tease. A common pattern observed in market behavior is the retracement to a support level after breaking through […]