Blockchain infrastructure company Paxos has acquired Fordefi, a New York-based institutional crypto wallet and custody technology startup. Paxos said the deal brings its regulated custody infrastructure together with Fordefiโs multi-party computation (MPC) wallet technology and decentralized finance integrations, providing institutions with a single platform to issue stablecoins, tokenize assets, and manage onchain transactions. While transaction terms were not disclosed in todayโs announcement, a Paxos spokesperson told Fortune the deal was worth more than $100 million. Founded in 2021, Fordefi developed one of the first institutional MPC wallets built for DeFi,…
Tag: DeFi
Paxos Acquires Fordefi for Over $100M to Expand DeFi Custody Solutions
Key Notes Fordefi’s MPC-based wallet technology will integrate into Paxos’ custody infrastructure while maintaining independent operations. The acquisition marks Paxos’ second purchase in a year, following its Membrane Finance deal as institutional DeFi interest surges. Paxos continues expanding beyond stablecoins like PYUSD and USDG to offer comprehensive regulated crypto services. Paxos, a company known for issuing stablecoins like PayPal USD, is acquiring Fordefi, an institutional crypto wallet startup, for over $100 million. The acquisition addresses rising demand from Paxosโ customers for regulated access to decentralized finance (DeFi) products, according to…
Crypto : Le Scรฉnario Que Je Redoute Pour Bitcoin ! ๐จ (personne n’en parle..)
โถ Coinbase Website: Coinbase.com โถ CEX Website: cex.io Aujourdโhui, on parle du scรฉnario que je redoute pour Bitcoin, un scรฉnario dont personne ne parle alors quโil devient de plus en plus probable si les marchรฉs traditionnels ne rรฉagissent pas immรฉdiatement. Le danger vient des indices US, et surtout du Nasdaq : ๐ Si le Nasdaq casse son plus bas du mois dโoctobre, โก๏ธ le marchรฉ pourrait entrer dans une correction profonde. โก๏ธ Bitcoin pourrait glisser sous les 74 000 $, โก๏ธ et mรชme toucher 70 000 $ dans un scรฉnario…
Brazilian Tax Agency Tightens Crypto-Reporting Rules, Targeting Foreign Exchanges and DeFi
The Brazilian Federal Revenue Service has revised the rules for tax declarations on crypto assets. The new rules require foreign exchanges to report transactions to the agency and mandate that DeFi operations be disclosed. New Brazilian Tax Rules Target Foreign Exchanges, DeFi Activities The Facts The Brazilian Tax Agency (Receita Federal) has published new rules […] Source
Crypto Lending Hits $73.6B as DeFi Dominates Market
Key Notes DeFi lending applications reached $40.99 billion in Q3 2025, growing 54.84% quarter-over-quarter and capturing 55.7% of the total crypto lending market. Tether maintained $14.6 billion in outstanding loans as of Sept.30, holding 59.91% of the centralized lending market tracked by Galaxy Research. The Oct.10 liquidation event wiped out more than $19 billion in futures positions but did not reflect systemic credit risk in the collateralized lending market. Crypto-collateralized lending reached an all-time high of $73.59 billion at the end of Q3 2025, according to Galaxy Research. The figure…
Prospective CFTC chair Addresses DeFi Regulation at Nomination Hearing
Michael Selig, who serves as chief counsel for the crypto task force at the US Securities and Exchange Commission, faced questions from lawmakers on the Senate Agriculture Committee for his nomination to be the next chair of the Commodity Futures Trading Commission. On Wednesday, Selig appeared before the committee and addressed questions and concerns from lawmakers on both sides of the aisle regarding his potential conflicts of interest, policy views and experience as the next CFTC chair, succeeding Caroline Pham. Michael Selig addressing lawmakers on Wednesdayโs confirmation hearing. Source: US…
Advocacy Group Proposes DeFi Solutions to Address Global Poverty
The DeFi Education Fund, an advocacy organization focused on decentralized finance, has proposed utilizing the technology to reduce costs, aiming to address poverty in the United States and globally. In a Wednesday blog post, the group said DeFi infrastructure could potentially save unbanked and underbanked people around the world about $30 billion annually through reducing remittance costs. The organization cited examples of workers sending funds home and paying fees to do so, which could be reduced โby up to 80%โ with DeFi. โThe poverty premium [the expenses incurred by low-income…
Crypto : Manipulation Terminรฉe Le Bitcoin a Enfin Bottom ? ๐
โถ Coinbase Website: Coinbase.com โถ CEX Website: cex.io ๐ Le Bitcoin a-t-il enfin trouvรฉ son BOTTOM ? La manipulation du marchรฉ semble toucher ร sa fin, et le Bitcoin montre enfin des signes de rebond solides ! ๐ Aprรจs plusieurs semaines de pression et de liquidations massives, le marchรฉ rebondit exactement sur les zones quโon avait anticipรฉes dans les derniรจres analyses. Mais attention โ ๏ธ : est-ce le vrai bottom ou un piรจge haussier de plus avant un dernier flush ? ๐ก Ethereum, de son cรดtรฉ, a dรฉfendu avec prรฉcision son…
Bitcoin Falls Below $100K! Has The Bear Market Begun?
โถ Coinbase Website: Coinbase.com โถ CEX Website: cex.io #Bitcoin #Crypto #Finance Bitcoin fell below the $100,000 mark this morning as volatility continues to rattle the crypto market. Despite the pullback, spot Bitcoin ETFs recorded $240 million in inflows, ending a six-day outflow streak and signaling renewed institutional interest. At the same time, Trump praised crypto for easing the dollarโs global burden, while one of his advisors warned of an incoming market shock tied to tightening liquidity. Still, Samson Mow remains optimistic, insisting the true Bitcoin bull run hasnโt started yet…
Aave launches iOS App for DeFi Savings With 6.5% Yields
Key Notes Aave Labs acquired stablecoin company Stable Finance in October 2025 to build the retail-focused app. The app promotes $1 million balance protection per account, but the insurance program is not yet active. Aave protocol manages approximately $55-56 billion in deposits across DeFi lending markets. Aave Labs AAVE $172.0 24h volatility: 0.1% Market cap: $2.62 B Vol. 24h: $390.67 M released its iOS savings app on Nov. 17, which offers 6% base annual percentage yield with an additional 0.5% boost for automatic monthly deposits. The app targets retail users…