DEFI

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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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Egorov said that different DeFi platforms keep pointing to each other during exploits, even as they claim everything is working, while users remain unable to access their funds.…
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New York's attorney general has filed lawsuits against crypto exchange operators Coinbase Financial Markets and Gemini Titan for allegedly violating state gambling laws, according to court records cited by Reuters.Copies of the complaints…
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Today in crypto, the SEC during Paul Atkins initial year on the job has made a break with the past, Michael Saylor’s Strategy bought 34,164 Bitcoin for $2.54 billion last week, marking its third-largest BTC purchase on record, and total…
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The impact of stablecoins on the banking sector appears “limited” at the current phase of the adoption cycle, but banks could face increasing competition and an erosion of market share as the stablecoin sector and tokenized real-world…
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AllUnity, a regulated European stablecoin issuer, is expanding its euro-pegged stablecoin, EURAU, across major decentralized exchanges (DEXs).The company announced Thursday that its EURAU stablecoin is entering liquidity pools across major…
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Russia’s government submitted a bill to its parliament’s lower house in an effort to amend the country's legal code to attach criminal liability for crypto services offered without regulatory approval or licensing.In a draft law sent to the…
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Stablecoin issuer Tether, the company behind USDt (USDT), said Thursday it will back a $150 million recovery program for the Drift Protocol decentralized exchange (DEX) following an exploit of the platform in April.The recovery plan for the…
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The committee, led by Tether’s head of government affairs, reported spending $3 million on advertising through a company co-founded by Tether US CEO Bo Hines.The latest filing by the crypto-aligned political action committee (PAC) headed by…
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