Aave launches lending markets on the Sonic blockchain, supported by $15M in liquidity and $800K in incentives, marking its first Layer 1 expansion in 2025.
DeFi
Bitcoin Reserves & the Future of Finance: Abra CEO’s Big Prediction
Key Takeaways: Abra CEO Bill Barhydt has sparked a fresh debate about the future of banking and crypto reserves. In a recent post, he argued that a financial system without central control is as vital as the Internet itself. He highlighted how the Internet was designed to withstand nuclear attacks and believes the banking system […]
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 […]
Etherlink Expands Platform with $3M Farm and DeFi Growth
Etherlink, a Layer 2 network built on Tezos Smart Rollups, has completed its public beta and is now operational. To celebrate, the launch of the platform, several initiatives has been put in to place to boost it’s adoption. Some of the initiatives include a $3 million Apple Farm rewards program to encourage participation and a […]
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 […]
SEC Drops Crypto Dealer Rule Appeal as DeFi Secures Major Legal Victory
The U.S. Securities and Exchange Commission (SEC) dropped its appeal of a court ruling that had halted a controversial broker-dealer regulation. The move is a major victory for crypto and decentralized finance (DeFi) advocacy groups, a turn of regulatory momentum. On February 19th, the SEC filed a brief motion with the Fifth Circuit Court of […]
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 […]
DeFi Boom: Chainlink’s CDY Index Reveals Surging Yields
The decentralized finance (DeFi) sector witnessed a significant uptick in activity during Q4 2024, with rising digital asset prices fueling borrowing and lending markets. As traders leveraged their assets, borrow utilization rates soared on platforms like Aave v3, often surpassing optimal levels. This increased demand led to a sharp rise in stablecoin supply yields, as […]
AAVE DESTROYS the “Utility Token” Myth, Here’s How
Aave forges ahead as it defies the common crypto narrative of a weak correlation between a project’s product usage and its token price. Unlike struggling “utility tokens,” the DeFi protocol consistently maintains a strong connection, offering hope to developers amidst the prevalence of meme coin launches with minimal effort. Often in crypto there’s tiny correlation […]
Crypto Scandal: Indexed Finance Hacks and the $65M DeFi Heist
Crypto fraud is not new and was back in the spotlight recently after the US prosecutors accused a Canadian citizen of two major decentralized finance attacks. The accused is suspected to have exploited system bugs to embezzle more than $65 million in cryptocurrencies. Andean Medjedovic, a mathematics graduate of the University of waterloo, US federal […]