Category: DeFi & DApps
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PayPal’s PYUSD Stablecoin Surpasses $1 Billion Market Capitalization – “The Defiant”
PayPal’s PYUSD stablecoin has exceeded $1 billion market cap, becoming the 10th-largest in DeFi. Growth appears more organic after initial Solana-driven spikes, with Ethereum remaining dominant for stablecoins.
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Willy Woo Calls Out Strike’s Jack Mallers For Risky Lending Practices – “The Defiant”
Bitcoin analyst Willy Woo criticizes Strike’s lending practices for rehypothecating customer funds, raising risk concerns. Strike CEO Jack Mallers defends the company’s partnerships and transparency.
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1inch promises faster, smarter, cheaper trades with new upgrade
1inch has upgraded its price route discovery algorithm, promising 6.5% better swap rates, faster trades, and improved gas efficiency. The update aims to enhance user experience and DeFi accessibility.
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Franklin Templeton Unveils Intraday Yield for BENJI Fund – “The Defiant”
Franklin Templeton introduces intraday yield for BENJI fund, enabling real-time yield distribution on tokenized securities across multiple blockchains, enhancing opportunities for investors.
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Is Snorter Token Next 100x Crypto to Stake as Staked Ethereum Reaches ATH?
The article discusses Ethereum staking reaching an all-time high, with 30% of ETH supply staked, and explores Snorter Token ($SNORT) as a potential high-yield staking alternative offering 487% APY.
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Cardano News: Charles Hoskinson Unveils Cardinal for Bitcoin DeFi News ETHNews
Cardano launches Cardinal, a DeFi protocol for Bitcoin users, enabling lending, staking, and borrowing via wrapped Bitcoin UTXOs and MuSig2 for enhanced security and decentralization.
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World Liberty Financial taps Aave for $7.5 million USDT loan – Onchain Lens
World Liberty Financial, linked to Donald Trump, secured a $7.5 million USDT loan via Aave, using $52M in crypto as collateral. The funds may support their USD1 stablecoin amid growing DeFi adoption.
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Sui DeFi Exchange Cetus Back in Action After $233 Million Exploit – Decrypt
Cetus Protocol, Sui’s leading DEX, resumes operations after a $233 million exploit. Funds were recovered via a Sui Foundation loan and reserves. Affected users will receive CETUS tokens as compensation.
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Plasma Attracts $500 Million for ICO—And One Trader Spent $100K on Ethereum Gas Fees – Decrypt
Plasma’s ICO attracted $500M in deposits, with one trader spending $100K on Ethereum gas fees for a $10M USDC deposit. The Bitcoin-backed stablecoin network’s token sale shows renewed ICO interest.
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Trump-Musk Feud: Markets Bet $4M Volume
Crypto prediction markets are tracking the Trump-Musk feud, with over $600K wagered on outcomes like impeachment, reconciliation, and Musk unfollowing Trump on X.
