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OKX Integrates Aave on Ethereum L2 X Layer

OKX’s X Layer is the 21st blockchain to integrate Aave, which recently surpassed the $1 trillion mark in cumulative lending volume.Aave, the largest decentralized lending protocol with $23.5 billion in total value locked, has launched on X…
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Lummis Says CLARITY Act Offers Strong DeFi Protections

US Senator Cynthia Lummis has dismissed claims that the Digital Asset Market Clarity Act fails to protect decentralized finance innovators from legal repercussions, rebutting that recent changes to the draft will make it the “strongest…
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Bitcoin DeFi on Cardano Reaches Milestone With First BTC-ADA Atomic Swap

This development opens the doors for Cardano users to initiate trustless transactions involving BTC and ADA, with low gas fees and no custody risks. The crypto sector…
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Mezo Taps Aerodrome To Support Token Trading On Base

Mezo, a Bitcoin-native lending protocol, will collaborate with Aerodrome Finance to support trading activity for its token and Bitcoin-backed stablecoin on the Base network, as projects look for ways to bring more financial use cases to…
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Fira Debuts Fixed-Rate DeFi Lending Protocol with $450M in Deposits

Ethereum-based decentralized finance (DeFi) lending protocol Fira said on Tuesday it was launching with about $450 million in deposits, highlighting demand for fixed-rate onchain credit.Fira said the protocol’s fixed-rate credit market…
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Post-Hack Pressure Pushes Balancer Labs to Wind Down Operations, Restructure Protocol

Facing declining TVL and post-hack pressure, Balancer plans to overhaul its model, cut emissions, and reduce costs to stabilize protocol operations. Balancer Labs, the…
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Balancer Labs Shuts Down, Protocol to Continue

Balancer Labs, the team behind the decentralized finance protocol Balancer, is shutting down after mounting financial pressure and a $116 million hack in November, with executives proposing continuation of the protocol under a leaner, more…
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Fidelity Requests More Clarity From SEC on Tokenized Assets and DeFi

Fidelity Investments told the US Securities and Exchange Commission (SEC) on Friday that it should continue to develop the regulatory framework for broker-dealers to offer, custody and trade crypto assets on alternative trading systems…
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OP_NET Launches “SlowFi” DeFi Stack Directly on Bitcoin L1

OP_NET said it is launching a “SlowFi” decentralized finance (DeFi) stack on Bitcoin that uses standard Bitcoin transactions and native BTC fees rather than bridges, wrapped assets or a separate gas token.According to a Thursday release…
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Sol Rally Toward $100 Fizzles As Solana Competitors Rise

Key takeaways:SOL derivatives signal bearish sentiment as funding rates hit 0% and put (sell) options trade at a premium.While Solana leads in DEX volume, it faces stiff competition from Hyperliquid in the perpetual contracts…
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