DeFi Protocol Sky Gets B- Credit Rating
S&P Global Ratings assigns a B- credit rating to @SkyProtocol, marking the first for a DeFi platform, citing risks like centralized governance and regulatory uncertainty. #Update #Crypto $USDS
Defi
Aave Faces Phishing Attack After $60B Milestone
@Aave surpassed $60 billion in net deposits, but a phishing campaign targeting its users emerged via Google Ads, risking funds linked to compromised wallets. #Update #Crypto $AAVE
DeFi Surges with Tokenized Stocks as NFTs Dominate
Locked liquidity in DeFi reached $270B in July, up 30%, while NFT trading volumes surged 96% to $530M, with Ethereum’s Blur dominating activity. #Update #Crypto $ETH
DeFi Embraces Suitcoiners Amid Market Growth
DeFi’s evolution hinges on attracting institutional investors, enhancing its credibility and stability as it transitions from speculation to a trusted financial ecosystem. #Update #DeFi $ETH
DeFi Fund Urges Senate to Strengthen Crypto Protections
@DeFiEducationFund urges the US Senate Banking Committee to revise the Responsible Financial Innovation Act of 2025 for better protection of crypto developers and innovation. #Update #Crypto $BTC $ETH
DeFi Loans Surge as TradFi Eyes Crypto
@JPMorgan is exploring crypto lending against $BTC and $ETH, potentially launching by 2026. DeFi platforms emphasize user experience and lower fees, maintaining an edge over TradFi. #Update #Crypto $BTC $ETH
Aave Launches Centralized Lending on Kraken
Aave’s proposal to launch a centralized lending service on Kraken’s Ink blockchain received 99.8% approval, aiming to expand institutional lending and generate new revenue streams. #Update #DeFi $AAVE
DeFi Lending Surge Predicted by Fintech Firms
@Morpho co-founder Merline Egalite predicts a shift of fintech firms to DeFi lending within three years, citing advantages like lower fees and permissionless access, with total DeFi lending TVL reaching $66.7 billion. #Update #DeFi $AAVE
Ethereum DeFi Demand Soars After Stablecoin Ban
The GENIUS bill’s prohibition on yield for US-regulated stablecoins may push investors towards Ethereum DeFi alternatives, analysts warn. #Update #Crypto $ETH
DeFi Legal Future Requires Programmable Regulation
Decentralized finance (DeFi) faces regulatory challenges as lawmakers struggle to define decentralized autonomous organizations (DAOs), slowing innovation. Global efforts like the EU’s MiCA aim for unified regulation, yet enforcement gaps persist. #Update #Crypto $USDT
Ethereum Foils $10M DeFi Backdoor Threat
Crypto security researchers neutralized a critical backdoor threat affecting thousands of smart contracts, potentially saving over $10M from theft. Affected protocols include @Berachain, which paused its contract. #Breaking #Crypto $ETH
BlockFi Dismisses $35M Lawsuit with DOJ
@BlockFi and the US Department of Justice have settled a $35 million lawsuit regarding crypto asset transfers, with the case dismissed with prejudice. Each party will cover its own legal fees. #Update #Legal
Ethereum DeFi AI Hybrid Exchanges Resilience
Venture capital funding in crypto is stagnating, but blockchain infrastructure remains a key investment focus, with notable deals in DeFi and AI. #Update #Crypto
Ethereum Drives DeFi TradFi Convergence Soon
JPMorgan’s Kinexys aims to merge DeFi and TradFi, piloting blockchain-based deposit tokens on Coinbase’s Base network, signaling potential mainstream adoption. #Update #Blockchain