DEFI

Solana-based decentralized finance yield protocol Carrot said Thursday that it is shutting down permanently, becoming one of the first DeFi protocols to fall due to contagion from the Drift Protocol exploit in early April. In an X post on…
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The US CLARITY Act, which aims to provide the US crypto industry with more regulatory clarity, could now move closer to becoming law after new stablecoin yield provisions were published, according to Coinbase chief legal officer Faryar…
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One of South Korea’s largest credit card providers, Shinhan Card, signed a memorandum of understanding with the Solana Foundation to test stablecoin payment technology and explore the use of non-custodial wallets through a more advanced…
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Update (April 29, 17:15 UTC): This article has been updated to include comments from KuCoin EU's AML officer Carmen Kleinhans and managing director Sabina Liu.KuCoin EU has appointed a new Anti-Money Laundering (AML) chief and expanded its…
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RedStone, a decentralized oracle provider, has launched a new settlement layer for decentralized finance, aiming to make tokenized real-world assets (RWAs) usable as collateral in lending protocols.The system, called RedStone Settle, is…
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Republican US Senator Thom Tillis said he won’t support the Senate’s crypto market structure bill unless it includes ethics provisions limiting how White House officials can use crypto.“There has to be ethics language in the bill before it…
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Aave, the largest decentralized lending protocol, has seen around $15 billion in deposits withdrawn since the Kelp Dao exploit on Saturday. Total value supplied to Aave fell from $45.8 billion on Saturday to $30.8 billion on Wednesday,…
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Extreme fear surrounds AAVE after exploit-driven outflows, but whale order clusters historically linked to market bottoms are reappearing. AAVE is undergoing one of its…
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Flying Tulip, a decentralized finance (DeFi) platform founded by DeFi developer Andre Cronje, has added a circuit breaker that can delay or queue withdrawals during abnormal outflows, as April DeFi losses climbed amid a string of major…
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