DeFi
Sonic co-founder and lead architect Andre Cronje teased plans on March 25 to launch a new algorithmic stablecoin on the network within five weeks. Cronje highlighted that the new stablecoin could offer over 19% in annual percentage yield at $1 billion total value locked (TVL). He previously said on March 20: “Pretty sure our team […]
Andre Cronje teases algorithmic stablecoin on Sonic with projected 19%+ APY Read More »
The US Senate is preparing to hold a final vote on March 27 to nullify the Internal Revenue Service’s (IRS) broker reporting rule for DeFi operators. If approved, the resolution could be sent to President Donald Trump’s desk as early as March 28 for signing, according to Fox reporter Eleanor Terrett reported on March 25,
Blockchain security firm Cyvers has reported a major security breach that affected DeFi platform Abracadabra’s MIM_Spell platform. The attack led to the loss of 6,262 ETH, equivalent to around $12.9 million. According to Cyvers, the attacker quickly bridged the stolen ETH to the Ethereum network and distributed the funds across three newly generated wallets. MIM
DeFi platform MIM Spell offers 20% bounty to hacker after $12.9 million ETH heist Read More »
Key Takeaways World Liberty Financial will launch USD1, a stablecoin backed by US treasuries and cash equivalents. USD1 will be minted on Ethereum and Binance Smart Chain, with reserves audited and held by BitGo. Share this article World Liberty Financial, the DeFi project inspired by President Donald Trump, on Tuesday confirmed its plans to roll
World Liberty Financial (WLFI), the decentralized finance project aligned with US President Donald Trump, has now unveiled details of its plan to release USD1, a US dollar-pegged stablecoin. According to a March 25 announcement, USD1 will launch first on Ethereum and Binance Smart Chain, with further blockchain integrations planned. The digital asset is designed to
World Liberty Financial releases USD1 stablecoin plans to ease pressure from scam clones Read More »
World Liberty Financial (WLFI), a DeFi project partly owned by US President Donald Trump’s family, has cautioned investors about fake versions of its yet-to-launch USD1 stablecoin. In a March 24 announcement on X (formerly Twitter), the project and Changpeng Zhao (CZ) clarified that USD1 is not yet available for trading. It urged the public to
World Liberty Financial cautions about USD1 scams amid upcoming stablecoin launch Read More »
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Massachusetts’ top securities regulator has initiated an investigation into Robinhood’s recent decision to launch a prediction-markets hub. This platform allows users to wager on the outcomes of various events, including the popular NCAA “March Madness” college basketball tournaments. The investigation, led by
Robinhood’s Prediction Markets Under Scrutiny From Massachusetts Top Regulator Read More »
Decentralized finance experts agree that collaboration is key to building a framework that addresses regulators’ concerns without undermining the potential of decentralized technologies. Bybit Hack Puts DeFi Regulation Debate in Spotlight Following the Lazarus Group’s Bybit hack, which is said to biggest crypto heist in history, initial industry-wide cooperation to block the outflow of over
Crypto’s Existential Crisis: Can Decentralization and Regulation Coexist? Read More »
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Trump Media and Technology Group Corp. (TMTG) announced on Monday that it has entered into a non-binding agreement with Crypto.com to develop a series of exchange-traded funds (ETFs) and exchange-traded products under the Truth.Fi brand. New Exchange-Traded Funds To Feature Bitcoin And
Trump Media Partners With Crypto.com To Launch New ETFs Under Truth.Fi Brand Read More »
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure As the regulatory landscape for the crypto industry in the US continues to evolve positively—marked by a drop in enforcement actions from the Securities and Exchange Commission (SEC)—lawmakers in Congress are intensifying their efforts to pass crucial legislation that supports the growth
Congressional Crypto Agenda: 3 Key Developments To Watch For This Week Read More »
