The founder of layer-1 blockchain Sonic (S) is speaking up about his decision to step away from crypto in 2022, two years after launching the decentralized finance (Defi) platform Yearn Finance (YFI). In a post on Medium, Andre Cronje says he stopped his public engagement with DeFi because of regulatory pressure. He says it all […]
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Growing investor optimism in anticipation of Trump’s inauguration is inviting new capital into the market, which pushed Aave deposits to a new all-time high.
The beginning of 2025 brought renewed excitement to crypto investors, boosting Solana’s price back above the $200 psychological mark despite $55 million worth of potential selling pressure from Pump.fun.
In the wider crypto space, investor enthusiasm is growing in anticipation of United States President-elect Donald Trump’s upcoming inauguration, and the Aave lending platform’s net deposits have surpassed record highs of the 2021 bull market.
Solana’s price rose about 10% to more than $200 following a $55 million transfer from Pump.fun’s fee account to the Kraken cryptocurrency exchange.
The United States Treasury Department and the Internal Revenue Service (IRS) received more than 44,000 comments after proposing the rule.
The recent Internal Revenue Service (IRS) reporting rule designating decentralized finance (DeFi) front-ends as brokerages has sent shockwaves through the crypto industry. Alex Thorn, the head of research at Galaxy Digital, outlined three potential options for DeFi if the IRS rule is not backtracked.
According to Thorn, DeFi services and applications can comply with the IRS reporting requirements and accept the designation as a brokerage, attempt to block users from the United States, or abandon smart contract upgrades and revenue generation. Thorn wrote:
"Said another way, extremely decentralized applications are not in a position to know and thus could not comply with broker reporting requirements," Thorn continued.
The DeFi protocol aims to capture around 40% of MEV profits from adding Chainlink's new oracle service.
Aave is mulling integrating a new Chainlink oracle designed to redirect profits from transaction frontrunning to the decentralized finance (DeFi) protocol’s users, according to a proposal in Aave’s governance forum.
On Dec. 23, decentralized oracle provider Chainlink released Smart Value Recapture (SVR), an oracle service specializing in capturing profits from maximum extractable value (MEV) to benefit DeFi protocols.
The same day, Aave proposed integrating SVR “to recapture MEV from Aave liquidations and return it to the Aave ecosystem.”
As DeFi expands, the oracle market faces new competition from emerging providers challenging established players like Chainlink.
As decentralized finance (DeFi) continues to grow, the demand for oracles — key tools that connect blockchains to real-world data — is surging.
Established providers such as Chainlink face increased competition from emerging players as decentralized applications (DApps) require more efficient data delivery solutions.
Marcin Kaźmierczak, co-founder and chief operating officer of RedStone, discussed trends in DeFi oracles in an exclusive interview with Cointelegraph.
Crypto investor Dan Tapiero says that he sees massive incoming growth for one specific sector of the digital assets space. In a new interview with Real Vision’s Raoul Pal, Tapiero says that he thinks US-based decentralized finance (DeFi) could explode in size after previously being pushed outside the country due to hostile regulators. Tapiero, the […]
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Alicia Kao, Kucoin’s managing director, has emphasized the importance of security and regulation in the digital asset space. Rapid Response to Security Breaches Helps Restore User Trust Although hacks and breaches have hindered the adoption of digital assets, Alicia Kao, Kucoin’s managing director, said the rapid response to incidents, combined with transparency in sharing information, […]
A prominent non-profit crypto advocacy group is naming the biggest current threats to the digital assets industry. In a new report analyzing crypto legislation after the 2024 US presidential election, Coin Center says the three biggest threats to the industry are the Internal Revenue Service’s (IRS) mandate to report crypto transactions larger than $10,000 (6050I), […]
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According to Deribit, the exchange will include USDe in its cross-collateral pool as of early January 2025, pending regulatory approval.
Deribit, one of the world’s largest cryptocurrency derivatives exchanges, plans to integrate Ethena’s synthetic dollar USDe (USDe) as rewarding margin collateral.
As part of the integration, Deribit will enable users to earn rewards for holding USDe and use it as derivatives margin collateral in a cross-collateral pool, the firm announced on Nov. 22.
According to Deribit, the exchange targets including USDe in its cross-collateral pool as of early January, pending regulatory approval.
World Liberty Financial’s WLFI token is only available to accredited investors inside the United States and non-US residents.
President-elect Donald Trump’s decentralized finance platform, World Liberty Financial, has announced an integration with Chainlink’s price feeds to provide real-time, tamper-proof data to the DeFi project.
According to a Nov. 14 announcement, World Liberty Financial will leverage Chainlink oracles on the Ethereum mainnet to power the platform’s launch — based on an Aave v3 instance. Following the integration, Eric Trump, Web3 ambassador at World Liberty Financial and the son of the president-elect, had this to say:
World Liberty Financial’s choice to integrate Chainlink as an oracle provider follows yet another successful pilot test with the SWIFT interbank messaging system and further growth of the Chainlink ecosystem.
