DeFi Lobbying Group Launches with $29 Million
@Hyperliquid has launched a U.S. lobbying group, the Hyperliquid Policy Center, with $29 million in HYPE tokens to influence DeFi regulation amid ongoing legislative discussions. #Update #Crypto $HYPE
Defi
DeFi Lender Moonwell Faces $1.8M Loss
A misconfigured oracle on @MoonwellDeFi priced cbETH at $1, triggering liquidations and leaving $1.78M in bad debt. Governance vote pending to address the issue. #Breaking #Crypto #DeFi
DeFi Integration Boosts Market Efficiency
Bhavin Vaid emphasizes the importance of curation for DeFi market efficiency and transparency, highlighting the need for CeFi and DeFi integration to enhance future financial products. #Update #DeFi
Apollo Launches Major Crypto Push with Morpho Token
Apollo Global Management signs a deal to acquire 90 million MORPHO tokens, representing 9% of the total supply, enhancing its crypto presence alongside Morpho’s decentralized lending platform. #Update #Crypto
BlackRock Launches DeFi Initiative for Institutions
@BlackRock has launched its tokenized US Treasury fund on Uniswap, marking its entry into DeFi. Bitcoin and Ether saw modest gains of 2.5% amid significant ETF outflows. #Update #Crypto $BTC $ETH
Aave Shifts Revenue to DAO in $50M Plan
Aave Labs proposes redirecting 100% of product revenue to the Aave DAO and moving IP to a new foundation, requesting $50M funding. Debate over DeFi control intensifies. #Update #DeFi
DeFi Group Urges UK FCA to Control Crypto
The DeFi Education Fund urged the U.K. FCA to define “control” in crypto regulations based on unilateral authority over funds, warning against misclassifying developers under intermediary obligations. #Update #Crypto
Aave Seeks $50M Grant for DAO Revenue
@AaveLabs proposes a $50 million grant to redirect product revenue to its DAO, raising concerns among community members about potential voting power concentration. #Update #Crypto $AAVE
Chainlink Enables DeFi with US Stocks
@OndoFinance partners with @Chainlink to use data feeds for tokenized U.S. stocks as DeFi collateral, enhancing integrations like Euler. #Update #DeFi
Uniswap Launches BlackRock’s $2.2B DeFi Access
@Uniswap partners with @BlackRock to trade its $2.2B BUIDL fund on UniswapX, enabling USDC swaps via Securitize’s RFQ system, while BlackRock reserves the right to discontinue support. #Update #Crypto $USDC
Uniswap Wins as US Judge Dismisses Bancor Suit
A US judge dismissed the Bancor patent suit against @Uniswap without prejudice, giving plaintiffs 21 days to amend their claims before final dismissal. #Update #Legal $ETH
DeFi Revolution BlackRock Partners with Uniswap
@BlackRock is launching its $2.1 billion tokenized Treasury fund on Uniswap, enhancing institutional access to DeFi and further integrating Wall Street into on-chain finance. #Update #Crypto $USDC
Ripple’s Compliance Boosts DeFi Potential Despite Thin XRPL Liquidity
@Ripple aims to enhance institutional DeFi on the XRP Ledger with a focus on compliance and tokenized assets, while current XRPL liquidity remains limited. #Update #Crypto $XRP
Ethereum Distinguishes Real DeFi from Centralized Yield
Vitalik Buterin critiques yield-driven stablecoins like $USDC, emphasizing that true DeFi should transform risk allocation. He advocates for ETH-backed and overcollateralized RWA-backed stablecoins to enhance decentralization. #Update #Crypto $ETH