Decentralized finance is a form of blockchain-based finance that does not rely on central financial intermediaries such as brokerages, exchanges, or banks to provide traditional financial instruments, instead of relying on smart contracts on blockchains, the most common of which being Ethereum.
Hyperliquid Labs has submitted formal comment letters to the U.S. Commodity Futures Trading Commission (CFTC), advocating for a regulatory framework that supports decentralized finance (DeFi) while fostering innovation in emerging markets such as perpetual derivatives and 24/7 trading. These comments come in response to the CFTC’s recent Requests for Comment ...
OnRe, a regulated on-chain reinsurance company, has launched its new token, ONe, offering liquidity providers (LPs) projected returns of up to 40.35%. This impressive yield is generated through reinsurance performance, collateral returns, and token incentives, effectively merging the $750 billion global reinsurance market with the dynamic potential of digital assets. ...
Andrew Peel, formerly the head of digital asset markets at Morgan Stanley, has left the banking giant to launch his own cryptocurrency venture, according to a source familiar with the matter, as reported by Bloomberg. Peel, who began his financial career as a trader at Credit Suisse, joined Morgan Stanley ...
The DeFi space is full of incredible success stories—but also spectacular failures. Some projects launch with big promises, attract millions in investment, and then vanish without a trace. Others seem unstoppable until a single flaw brings them crashing down. This industry has seen it all. The general wisdom is that ...
Curve Finance, a leading decentralized finance (DeFi) protocol, intends to permanently move to a new web domain following a recent DNS hijacking attack that exposed significant security risks to its users. The protocol announced on May 13, 2025, that it will now operate exclusively on Curve.finance, replacing the previously used ...
Singapore Gulf Bank has announced the appointment of Richard Clarida, former Vice Chair of the US Federal Reserve, to its newly formed Global Advisory Board. The move marks a significant step for the bank as it seeks to strengthen its global strategy and expand its influence in international finance. The ...
The UK government has released a draft version of its much-anticipated legislation to bring cryptoasset activities under financial regulation, taking another step toward formal sector oversight. The proposal, which amends the Financial Services and Markets Act 2000 (Regulated Activities) Order (RAO), is now open for technical review. While the draft ...
Chinese President Xi Jinping has publicly supported the growth of the BRICS New Development Bank (NDB), positioning it as a key driver for economic progress across the Global South. Speaking at a recent BRICS summit, Xi stressed that the NDB should play a central role in financing sustainable development and ...
HTX Research has unveiled Sonic, a new blockchain infrastructure designed to tackle the scalability challenges that have historically slowed DeFi platforms. The announcement coincides with the release of a detailed report, "Sonic: A Model for the New DeFi Paradigm," which positions Sonic as a potential catalyst for the next wave ...
Decentralized finance (DeFi) platform Loopscale has agreed with the hackers responsible for its recent $5.8 million exploit. The hackers have decided to return most of the stolen funds in exchange for a 10% bounty, marking a rare instance of an amicable resolution in the crypto security landscape. On April 26, ...
