Solana (SOL) registered a new all-time high of $12.11 billion in whole worth locked (TVL) on Sept. 9, surpassing its earlier report of practically $12 billion set on Jan. 23. According to DefiLlama data, the milestone represents a 15% improve over the previous 30 days, pushed by broad-based development throughout the ecosystem’s largest DeFi protocols….
Ethena Labs submitted a proposal on Sept. 9 to turn out to be the issuer of Hyperliquid’s native stablecoin USDH, becoming a member of an more and more aggressive race. The bid consists of backing USDH completely by USDtb, a stablecoin backed by BlackRock’s BUIDL fund, with the help of Anchorage Digital. Ethena is dedicated…
SEC Commissioner Hester Peirce warned that layer-2 blockchains working centralized matching engines may face exchange registration necessities whereas advocating for regulatory safety of actually decentralized protocols. During an interview on The Gwart Show, Peirce famous her imaginative and prescient for crypto regulation, drawing sharp distinctions between immutable code working on decentralized networks and centralized entities…
Nasdaq is searching for regulatory approval to introduce tokenized variations of stocks and exchange-traded funds (ETFs) onto its present buying and selling platform. On Sept. 8, Tal Cohen, Nasdaq’s president, outlined the imaginative and prescient in a LinkedIn statement, explaining that the plan is designed to seize the effectivity beneficial properties of tokenization whereas preserving…
Ethena’s ENA token leaped over 12% on Saturday following information that StablecoinX Inc. secured a further $530 million capital raise. The transfer is a part of StablecoinX’s ongoing accumulation technique for ENA, considerably rising its token holdings within the Ethena ecosystem. StablecoinX expands ENA holdings StablecoinX has now raised a complete of $895 million in…
Variant Fund chief authorized officer Jake Chervinsky maintains that decentralized public blockchains remain the regulatory standard for product growth, despite current bulletins of corporate-controlled layer-1 (L1) networks. Chervinsky argued on X that many new L1s constructed by firms for product-specific causes are “pointless” and “unhelpful” from a regulatory perspective. He famous that no US regulator…
Shared security protocols are positioning themselves as options to infrastructure challenges which have sophisticated institutional blockchain adoption on account of unified security layers’ potential means to cut back improvement prices and technical boundaries for enterprises. According to Symbiotic CEO Misha Putiatin, the shared security mannequin permits organizations to leverage current blockchain security infrastructure somewhat than…
The Federal Reserve Board announced on Sept. 3 that it’s going to host a payments innovation conference on Oct. 21, the place it would focus on stablecoins, DeFi, and tokenization. The conference will characteristic panel discussions on the convergence of conventional and decentralized finance, rising stablecoin use instances and enterprise fashions, synthetic intelligence functions in…
Turtle has launched a new framework designed to measure and reward one of many scarcest property in digital finance, onchain liquidity. The firm introduced the launch of the Turtle Liquidity Leaderboard, which ranks members by verified deposits, consumer distribution, and engagement multipliers, making a standardized scoreboard for protocols and liquidity suppliers. The launch comes at…
World Liberty Financial now carries a market worth close to $5.6 billion. However, many people who watched WLFI’s debut are nonetheless uncertain what the undertaking truly does, what has shipped, and what, if something, is new. To date, deliverables embody USD1, governance voting, and a proposed Aave v3 cash market. Let’s weigh these parts towards…