Tag Archives: DeFi

Coinbase-Backed Satori Finance Says It Will Wind Down Operations

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Satori Finance, a decentralized derivatives platform backed by names including Coinbase Ventures and Polychain Capital, has said it will wind down operations by July 16, putting another spotlight on how difficult crypto perps infrastructure has become outside the largest venues. TL;DR Satori Finance said it will shut down operations and terminate services by July 16,… Continue reading Coinbase-Backed Satori Finance Says It Will Wind Down Operations→

Zama And Morpho Push Confidential DeFi With New USDC Yield Vault

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DeFi with a confidential USDC yield vault design that uses fully homomorphic encryption, or FHE, to bring private deposit logic to a public Ethereum environment. TL;DR Zama published a design for private deposits into public DeFi using FHE. The vault is tied to Morpho and Steakhouse’s confidential USDC Prime setup. The useful angle is how… Continue reading Zama And Morpho Push Confidential DeFi With New USDC Yield Vault→

Circle Launches cirBTC On Ethereum As New 1:1 Bitcoin-Backed DeFi Asset

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Circle has launched cirBTC on Ethereum, giving the stablecoin issuer a direct entry into the wrapped Bitcoin market and setting up a new challenge to existing BTC-backed DeFi assets. TL;DR cirBTC is live on Ethereum and backed 1:1 by Bitcoin. Circle says the asset uses segregated custody and Chainlink Proof of Reserve. The product is… Continue reading Circle Launches cirBTC On Ethereum As New 1:1 Bitcoin-Backed DeFi Asset→

Reports Say Standard Chartered Sees UNI At $100 As RWA Thesis Builds

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Reports citing Standard Chartered research say Uniswap’s UNI token could reach $100 by 2030, with the forecast built around a much larger market for tokenized real-world assets and on-chain trading infrastructure. TL;DR Published reports citing Standard Chartered research point to a long-term $100 UNI target by 2030. The original research note is not publicly available,… Continue reading Reports Say Standard Chartered Sees UNI At $100 As RWA Thesis Builds→

Deprecated Aztec Connect Contract Exploited For $2.19M, SlowMist Says

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A legacy Aztec Connect smart contract has been exploited for roughly $2.19 million, according to a post-mortem published by blockchain security firm SlowMist. The incident is a useful reminder that deprecated DeFi infrastructure does not simply disappear when a protocol moves on. If contracts remain live, immutable, and funded, they can still become targets —… Continue reading Deprecated Aztec Connect Contract Exploited For $2.19M, SlowMist Says→

Morpho Secures $175 Million Round Led By Paradigm, a16z And Ribbit

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TL;DR Morpho raised $175 million in a new financing round. The round was co-led by Paradigm, a16z crypto, and Ribbit Capital. The raise strengthens the institutional funding narrative around DeFi lending infrastructure. We’ve just raised $175M in a round co-led by @paradigm, @a16zcrypto, and @RibbitCapital. And this is the largest raise in DeFi history.The current… Continue reading Morpho Secures $175 Million Round Led By Paradigm, a16z And Ribbit→

SEC Proposes Reg NMS Rule Changes That Could Affect Tokenized Stock Trading

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TL;DR The SEC proposed rescinding Regulation NMS Rules 611 and 610e. The proposal is aimed at modernizing equity market structure. The change could have implications for tokenized securities and automated execution models, but it is not final. SEC Targets Market-Structure Rules The US Securities and Exchange Commission has proposed rescinding Rules 611 and 610e of… Continue reading SEC Proposes Reg NMS Rule Changes That Could Affect Tokenized Stock Trading→

Sky Governance Proposal Seeks To Double USDC PSM Buffer To $800 Million

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TL;DR BA Labs has proposed doubling key LITE-PSM-USDC-A parameters in the Sky stablecoin system from 400 million to 800 million. The proposal says USDC reserves stand at 4.13 billion, up 108% since the last recalibration in October 2024. The change would raise daily refresh capacity to 1.6 billion and total serving capacity to 2.4 billion,… Continue reading Sky Governance Proposal Seeks To Double USDC PSM Buffer To $800 Million→

Aave Proposal Moves To Add Circle Wrapped Bitcoin As Collateral

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TL;DR Aave Labs has proposed onboarding Circle Wrapped Bitcoin, or cirBTC, to Aave V3 Core and Aave V4 Core on Ethereum. The proposal says cirBTC is an ERC-20 token backed 1:1 by Bitcoin custodied at a regulated Circle entity. The move is still at the ARFC stage, meaning it needs community feedback, a Snapshot vote… Continue reading Aave Proposal Moves To Add Circle Wrapped Bitcoin As Collateral→

Ethereum Nears 200 Million Non-Empty Wallets Despite Market Uncertainty

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Despite persistent market uncertainty and bearish sentiment across parts of the cryptocurrency sector, Ethereum is approaching a significant adoption milestone, with the number of non-empty wallets nearing 200 million. While price fluctuations often dominate investor attention, the steady growth in wallet activity suggests that participation in the ETH ecosystem continues to expand. How Ethereum’s Expanding… Continue reading Ethereum Nears 200 Million Non-Empty Wallets Despite Market Uncertainty→