DeFi
Latest DeFi news and updates
US Justice Department, business groups and DeFi firms challenge Illinois crypto tax
Industry groups argued in court filings that Illinois’ crypto tax, which applies even when a transaction yields no profit, could raise compliance costs and violate federal law.
Illinois Crypto Tax Draws Unlikely Alliance of DOJ, Banks and DeFi
The DOJ, the U.S. Chamber of Commerce, SIFMA and a crypto coalition led by a16z, Paradigm and Uniswap filed briefs backing a lawsuit to strike down the state’s 0.2% levy on digital asset transactions.
EU DeFi proposals could push users to riskier platforms, says Coinbase exec
Coinbase’s EU policy chief says applying suitability tests beyond crypto lending and borrowing could limit access and fragment liquidity.
Suiet wallet to shut down in latest exit from Sui ecosystem
The self-custodial wallet will keep its API services running through Nov. 14. Sui’s DeFi total value locked has fallen more than 22% over the past month.
Crypto Long & Short: The GENIUS Act’s guarantees don’t cover DeFi lending
Institutions weighing DeFi lending tend to ask which markets are safest. Mike Hathaway and Joseph Quintilian of Ajna argue the better question is who can change a loan’s terms after the money is lent, and why a fully backed stablecoin offers no protection against a token vote or a faulty price feed.
Greece Passes Crypto Tax Law With 10% Gains Levy, 15% on Staking and DeFi
Greece has approved a crypto tax framework with a €500 ($557) annual gains threshold and new rules for staking and DeFi income, but lawmakers left important questions about token swaps unresolved.
Greece approves 10% tax on crypto gains and 15% levy on DeFi income
Investors will have 12 months to declare past crypto gains without late-filing penalties, though questions remain over crypto-to-crypto swaps.
Kraken parent Payward and its clients buy AAVE tokens in DeFi investment push
The investment follows talks first reported by CoinDesk in June that included a proposed equity stake in Aave Group.
Binance hack could accelerate shift to DEXs: Standard Chartered
Standard Chartered’s Geoffrey Kendrick says the breach could accelerate a shift toward decentralized trading and strengthen his case for Uniswap’s UNI token reaching $100 by 2030.
Crypto Spends $176 Million on Midterms, But Only 13% of Voters See It as a Priority
Only 13% of Americans say a candidate’s support for crypto growth is very important, according to a survey conducted by Ipsos for the DeFi Education Fund, even as the industry spends heavily on next week’s elections.
Chainlink adds weekend pricing for tokenized assets, with Aave as launch partner
The service uses perpetual futures quotes to update reference prices when traditional markets close.
More Americans Have Tried Crypto, But Few Are Sticking With It: Survey
A survey conducted by Ipsos for the DeFi Education Fund found that 22% of Americans have ever owned or used crypto, up from 18%, while past-year use held flat at 13%.
Crypto isn’t a partisan fight, proven by data
Treating crypto as a political battleground only makes it harder to build the secure, transparent, American-made financial system that most Americans say they want, argues DeFi Education Fund’s Jennifer Rosenthal.
A16z is the latest VC giant to widen bets beyond crypto and into AI and emerging tech
The venture investor behind early bets on Coinbase, Solana and Uniswap said is broadening its focus, joining other crypto investment firms looking beyond blockchain to artificial intelligence and tech themes.
The UK needs a workable route to regulated DeFi access
The UK’s 2027 crypto rules risk a de facto ban on regulated firms providing access to DeFi, argues Coinbase’s European policy head Katie Harries.
UK financial watchdog opens consultations for DeFi guidance, crypto laws
The UK Financial Conduct Authority consultations came just weeks after the agency opened applications for companies under its new crypto regulatory regime.
Cardano Foundation urges EU against expanding MiCA rules to DeFi and staking
The foundation called for regulation based on financial risks rather than technology, warning that overlapping rules could create uncertainty for crypto businesses across the EU.
Standard Chartered signs definitive deal to acquire Zodia Custody
The signing follows shareholders’ acceptance of Standard Chartered’s non-binding offer in May, with regulatory approvals still pending.
France proposes liability for crypto exchanges offering DeFi access
French authorities want crypto exchanges to conduct checks on DeFi protocols and face liability for certain customer losses under proposed changes to EU crypto rules.
PancakeSwap TVL tops $380M as major fee overhaul heads to vote
PancakeSwap’s proposed fee-sharing overhaul would give liquidity providers 88% of swap fees and cut CAKE emissions by 69%, as BNB Chain’s DeFi activity expands.
South Korean IPO slump adds to AI market jitters as Brent crude tops $111
Elice’s debut slump added to concerns over AI infrastructure valuations, while rising oil prices compounded market uncertainty.
South Korean IPO plunge deepens AI market jitters as brent tops $111
Elice’s debut slump added to concerns over AI infrastructure valuations, while rising oil prices compounded market uncertainty.
South Korea plans cybersecurity overhaul after attacks hit banks, crypto firms
South Korea is proposing tougher cybersecurity assessments after a review identified security deficiencies at 130 financial firms.
Starknet introduces wallet privacy feature for DeFi activity
Starknet’s Shadow Accounts allow users to obscure connections between their main wallets and DeFi activity, though transactions remain visible onchain.
Solana Treasury Firm DeFi Development Keeps Buying SOL as CHAD Preferred Stock Hits Record
The Nasdaq-listed company now holds about 2.59 million SOL, but its weekly purchases keep shrinking.
Clarity's failure could speed crypto innovation while shielding incumbents
Executives see openings for tokenization, DeFi and dealmaking, while lawyers warn agency action leaves spot-market oversight and lasting certainty unresolved.
CFTC Draws the Line Between Prediction Markets and Gambling in New Rules
A proposed rule would expressly fold event contracts tied to sports, politics, culture and weather into the “swap” definition, while an interim rule excludes casino-style gambling—sharpening the agency’s claim to exclusive jurisdiction.
Solana DeFi Firms Orca and Loopscale Merge Under New Formation Brand
Solana DEX Orca and lending platform Loopscale will operate as Formation, a New York company aiming to finance AI, energy, robotics and defense assets and eventually reach regulated U.S. markets.
Flash Loan Attacks Drained $1.2B From DeFi Between 2020 and 2024: Study
Attacks grew more sophisticated and less predictable over the period, according to researchers who scanned more than 20 billion transactions.
DeFi Development Corp Adds $3 Million in Solana as SOL Buys Slow
Nasdaq-listed DeFi Development Corp's latest SEC filing shows its Solana stash grew 1%, to about 2.56 million SOL and SOL equivalents—roughly half the prior week's gain and well below mid-September's pace.
Stripe to expand stablecoin cards to over 100 countries by the end of the year
The payments giant is planning a major global expansion for its stablecoin cards business, and is exploring tokenized deposits and DeFi use cases, new crypto head Henri Stern said.
Aave founder says V3 unaffected after third-party adapter exploit drains $305K
Aave founder Stani Kulechov said Aave v3 was unaffected after an attacker exploited a third-party adapter to drain about $305,000 from two Safe multisig wallets.
Dogecoin gets DeFi testnet as DogeOS bets miners will eventually secure its apps
DogeOS wants to turn DOGE into more than a payments and speculation asset, but its applications still rely on selected operators rather than Dogecoin miners.
CFTC seeks to define event contracts as swaps amid prediction market fight
The classification could assist the CFTC’s claim that it has exclusive federal jurisdiction over event contracts offered on regulated prediction markets.
CFTC Sends White House New Rules to Cement Its Grip on Prediction Markets
The two proposals would define event contracts as "swaps" while excluding "casino-style gambling products"—a bid to cement the agency's exclusive jurisdiction as states sue prediction-market operators over gambling claims.
U.S. CFTC seeks event contract definitions that may defy states' gambling claims
As it battles with states over prediction markets, the CFTC sent two related rules on swaps definitions for White House review.
Illinois draft crypto tax rules detail DeFi, stablecoin treatment
Illinois’ draft rules spell out how its 0.2% digital asset transaction tax would apply to stablecoins, DeFi platforms, crypto bridges and self-custody transfers.
Aave leads DeFi higher as crypto shrugs off surging bond market
Aave jumped 11% on speculation over a token burn, with 72 of 100 CoinDesk 100 constituents higher even as the 10-year Treasury yield sat at 5.234%.
Crypto investment firm RockawayX is betting $150 million on yield becoming next big use case
The $2 billion digital-asset investment firm rolls out an initiative to back, build and provide liquidity to projects bringing real-world yields into DeFi.
EU banking watchdog calls for crypto lending rules under MiCA
The EBA outlined potential rules for crypto lending and firms providing access to DeFi protocols as part of the European Commission’s MiCA review.
Winners and losers of the SEC’s new tokenized stocks rules
The SEC has opened a five-year path for tokenized stocks, but only some products and venues fit the model. Will Uniswap, Robinhood, Coinbase or Kraken come out on top?
Layer-2 and DeFi tokens lead broad crypto advance as post-Fed hike nerves fade
Starknet and arbitrum gained more than 17% while the 10-year Treasury yield slipped back below 5%, with 98 of CoinDesk 100 constituents advancing.
SEC opens door to tokenized U.S. stock trading. Here’s who could benefit
The five-year experiment gives DeFi-style trading venues, tokenization firms and liquidity providers a new U.S. pathway while leaving synthetic stock tokens outside the framework.
Solana lender Kamino taps fintech veteran Michael Weisz as CEO for massive U.S. expansion
Michael Weisz will lead Kamino from a new New York headquarters as the DeFi lender is expanding into tokenized assets.
Solana lender Kamino taps Yieldstreet co-founder as CEO in Wall Street expansion
Michael Weisz will lead Kamino from a new New York headquarters as the DeFi lender is expanding into tokenized assets.
Solana Treasury Firm DeFi Dev Corp Rolls Out $300M CHAD to Buy More SOL
DeFi Development Corp added another 55,491 SOL and opened a CHAD at-the-market program for its preferred stock, extending a fast-moving three-week run of capital markets activity.
Kraken brings DeFi yield to tokenized stocks and ETFs
Kraken’s new xStocks vaults let investors earn yield on tokenized versions of Nvidia and major US stock market ETFs by lending the assets in DeFi markets.
Trading stocks against BONER is the latest trend for DeFi degens
Why would anyone want to trade a healthcare stock for a memecoin like BONER? Why wouldn’t they, ask the degens on Robinhood Chain who are building a strange new corner of DeFi.
ESMA warns growing crypto ties could amplify risks to traditional finance
The EU securities regulator flagged tokenized equities, DeFi exploits and prediction markets as areas where growing crypto ties could pose risks to the broader financial system.
New Clarity Act text tweaks DeFi, credit union provisions, but road ahead for bill remains murky
The Clarity Act needs 60 votes when the Senate returns from its recess next week. Republicans circulated a fresh draft on Thursday ahead of the vote.