Origin of Stablecoins Stablecoins made their debut in 2014. It aims to combine the steady value of fiat currencies with the openness and flexibility of blockchain technology. The first of its kind, BitUSD, was introduced in July 2014 as a credit-backed stablecoin on the BitShares platform. Tether (USDT), which was
In a significant stride toward institutionalizing decentralized finance (DeFi), Ethereum developers, in collaboration with key industry players such as Uniswap Labs and Maple Finance, have launched Web3SOC, a new compliance and security framework for the DeFi ecosystem. The initiative aims to establish industry-wide standards that promote transparency, trust, and robust
The Chief Executive Officer of Consensys, Joseph Lubin, revealed that Bitcoin and Ethereum treasuries of prominent corporations will play a significant role in boosting the transition from traditional finance (TradFi) to decentralized finance (DeFi). Major firms like MicroStrategy and Metaplanet are making efforts to create the Bitcoin Treasury, and Sharplink
The Securities and Exchange Commission of the US has barred DeFi Development Corp’s $1 billion registration filing. The firm wanted to use the capital to invest in the Solana blockchain. The regulatory body found that the filing was not eligible because a necessary internal controls report in the Form 10-K
Ethereum’s derivatives market surged past Bitcoin’s in the last 24 hours, with a trading volume exceeding $107 billion, according to Coinglass data. This 25% daily increase in activity reflects renewed institutional interest, fueled by spot Ethereum exchange-traded funds (ETFs) and a revival in decentralized finance (DeFi). In comparison, Bitcoin derivatives
In a major leap forward for Bitcoin and DeFi, Cardano founder Charles Hoskinson has introduced the Cardinal Protocol, the first truly decentralized Bitcoin DeFi platform to launch on Cardano. Built by Input Output HK (IOHK), this new system lets Bitcoin holders wrap their UTXOs and jump into DeFi activities like
Capitalizing on the opportunities of the growing DeFi ecosystem, OKX Ventures undertook an investment in Momentum, a DEX on the Sui blockchain. Announced on June 6, the announcement situates Momentum as a fast-rising star within the Sui realm, providing deep liquidity and very efficient trading opportunities. Founded in 2022, Momentum
Orbitals, an automated market maker (AMM) design, has been introduced by Paradigm researchers to transform the way stablecoin pools operate in decentralized finance. This proposal is made when the stablecoin market sets a new record of $250 billion in capitalization for the first time on June 2. Breaking Current DeFi
Flare leads the Layer-1 charge as Uphold and XRP integration fuel 10% surge; eyes $0.022-$0.028 targets as indicators flash bullish. Flare Network’s native token, FLR, surged nearly 10% over the past 24 hours, emerging as one of the top-performing assets among major cryptocurrencies. The rally follows Flare’s pivotal move to
From agent-driven finance to programmable governance, this flagship event explores how decentralized intelligence is reshaping the future of Web3. Following the success of the largest DeFAI and AI agent event, DefaiCon Dubai at Token2049, leading Crypto Marketing, PR & Events agency, EAK Digital, has announced the next stop in its
