Celsius Sues BitMEX for $495 Million Liquidations
Bankrupt crypto lender Celsius Network has sued BitMEX for $495 million over alleged forced liquidations during the March 2020 crash, claiming losses of 6,360 BTC. #Breaking #Legal $BTC
Defi
Solana Lender Kamino Launches Wall Street Expansion
@Kamino, a leading Solana lending protocol with $1.4 billion in assets, appoints Yieldstreet co-founder Michael Weisz as CEO and expands to New York for onchain credit and tokenized assets. #Update #Crypto $SOL
Aave V4 Proposal Prioritizes DAO Funds for Losses
Aave V4’s proposal includes a bad-debt backstop for lenders supplying $WETH, $USDC, and $USDT, with the DAO absorbing initial losses. Coverage targets are set at 800 $ETH, 400,000 $USDC, and 400,000 $USDT. #Update #DeFi $AAVE
Kraken Launches DeFi Yield for Tokenized Stocks
@Kraken has launched onchain yield vaults for tokenized stocks and ETFs, enabling clients to earn returns via decentralized finance. The vaults support SPYx, QQQx, and NVDAx. #Update #Crypto $SPYx $QQQx $NVDAx
Kraken Launches DeFi Yield for Tokenized Stocks
@Kraken launches onchain yield vaults for tokenized stocks and ETFs, generating returns via DeFi protocols. Vaults exclude clients in the U.S., U.K., Canada, Australia, and UAE. #Update #Crypto $SPYx $QQQx $NVDAx
DeFi Trades Routed 90% Back to Wall Street
@Jupiter’s analysis reveals that proprietary automated market makers (propAMMs) account for over 90% of SOL-to-USDC trades, reshaping DeFi liquidity dynamics as traditional finance moves onto blockchain. #Update #Crypto $SOL
DeFi Lender Proposes Bad-Debt Solution
@MoonwellDeFi proposes governance changes (MIP-X66) to reduce monthly interest on bad debt by 85%, but USDC access and borrowing remain unresolved. Recovery efforts continue post-MAMO incident. #Update #Crypto $USDC
Ethereum DeFi Yields Boosted by Anchorage
Frgmnt partners with @Anchorage to offer institutions direct access to its fUSD stablecoin, enhancing institutional DeFi adoption through regulated crypto rails. #Update #DeFi
BONER Trading Revolutionizes DeFi for Degen Investors
Trading of tokenized healthcare stock HIMS against the memecoin BONER has surged, briefly pushing HIMS to $132.64, over four times its NYSE price. #Update #Crypto $HIMS
Ethereum Expands DeFi Access via MetaMask
@MetaMask now supports @B.AI, @SUN_io, @JustLendDAO, and @BitTorrent on the TRON network, enhancing DeFi access through a unified wallet interface. #Update #Crypto $TRX
Ethereum Expands MetaMask DeFi Connectivity
TRON’s dApps, including SUN.io and JustLend DAO, now integrate with MetaMask, enhancing global DeFi access and interoperability across TRON, Ethereum, and BNB Chain. #Update #DeFi $TRX
DeFi Operators Face New CLARITY Act Regulations
Revised CLARITY Act targets non-decentralized finance protocols, requiring SEC and CFTC compliance on securities and AML. Senate vote set for Sept. 15 amid ongoing ethics negotiations. #Update #Legal $BTC
DeFi Provisions Revamped in Clarity Act
The Senate will vote on the Clarity Act, requiring 60 votes, with Republicans circulating a new draft ahead of next week’s session. #Update #Legal
Stablecoins Revolutionize DeFi’s Core Challenge
Byrrgis’ beta enables gas payments with $USDC and other assets, simplifying DeFi transactions across Ethereum, Solana, and BNB Chain. #Update #DeFi