Ex-Goldman Sachs executive Raoul Pal says that the non-fungible token (NFT) sector is still relevant and due for a big resurgence. In a post on the social media platform X, Pal says NFT technology is “profound,” and he sees the crypto sector mounting a comeback in many forms. “NFTs aren’t dead. The technology is profound. […]
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A crypto-skeptic US Federal Reserve governor says technology advances associated with decentralized finance (DeFi) could complement its centralized finance counterpart. In a speech earlier this week in Vienna, Austria, Fed Governor Christopher J. Waller said DeFi tech could lead to efficiency gains, though he also stressed the value of centralized financial markets. “It is easy […]
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A Federal Reserve governor questioned whether decentralized finance (defi) can truly eliminate the need for intermediaries, despite bitcoin’s revolutionary promise. While decentralized systems aim to bypass traditional structures, he argues that trust in intermediaries still resurfaces. Could crypto ever be fully decentralized, or will it mirror traditional finance? The potential regulatory challenges and the role […]
It's that time of year again when pundits break out the crystal ball to predict the big new trends in DeFi for 2025.
It’s the fourth quarter of the year, which can only mean one thing: prediction season is here. It’s that time when industry figures gaze into the crystal ball to glean the trends that will define the following year.
But this isn’t just guesses: those who work on the frontlines of web3 have a good idea what shape the next game-changing innovations will take, because they’re the ones currently building them.
While there are no guarantees for what 2025 will hold, just probabilities, I’m confident there’s an outsize chance of the following trends coming to pass.
DeFi's integration into traditional finance could enhance efficiency but necessitates careful regulation to balance innovation with security.
The post Fed’s Waller says DeFi can improve efficiency in centralized finance appeared first on Crypto Briefing.
Kraken has launched KBTC, a wrapped bitcoin product fully backed 1:1 by bitcoin and compatible with multiple networks. KBTC aims to expand bitcoin’s use beyond its native chain and into decentralized finance (defi) ecosystems. Kraken Introduces KBTC to Enhance Bitcoin’s Utility Across Networks Kraken’s KBTC is an ERC20 token that allows bitcoin (BTC) to interact […]
Ethena has proposed integrating its liquidity and hedging engine into Hyperliquid, a layer one (L1) blockchain set to launch its EVM mainnet. The proposal includes adding USDE, Ethena’s stablecoin, within the Hyperliquid ecosystem upon mainnet launch. Ethena Eyes Hyperliquid’s Rapid Growth for Next Phase of USDE Expansion The proposal outlines a cautious approach to integrating […]Jupiter's Ape Pro introduces advanced tools for meme coin trading on Solana, aiming for enhanced security and efficiency.
The post Solana gets new meme coin trading terminal with Jupiter’s Ape Pro appeared first on Crypto Briefing.
Approximately $58 million has been lost from a cybersecurity breach at the lending protocol, one expert said.
Radiant Capital halted its lending markets after the cross-chain lending protocol suffered a more than $50 million cybersecurity breach on BNB Chain and Arbitrum, according to Radiant and two cybersecurity experts.
“Radiant Capital contracts were exploited on BSC & ARB chains with the ‘transferFrom’ function, which allowed to drain users’ funds, namely $USDC $WBNB $ETH and others,” Web3 cybersecurity firm De.Fi Antivirus said in an Oct. 16 post on the X platform.
De.Fi said the exploit drained approximately $58 million, mirroring estimates from another cybersecurity firm, Ancilia Inc., which pegged losses at around $50 million, according to another X post.
Debridge kicked off its LFG Vault for DBR tokens, giving active members of its ecosystem and Jupiter’s community an exclusive opportunity to acquire tokens at a locked-in price. With a focus on fairness and stability, the launch introduced a new token sale model designed to curb gas wars and market volatility. Debridge Releases A New […]
