Tag: DeFi

Ethena Labs, Securitize launch blockchain for DeFi and tokenized assets

Stablecoin developer Ethena Labs and real-world asset (RWA) tokenization company Securitize are launching a new blockchain for retail and institutional investors seeking access to the DeFi and tokenization economies.  According to a March 17 announcement, the forthcoming Converge blockchain is an Ethereum Virtual Machine that will provide retail investors with access to “standard DeFi applications.” It will also specialize in institutional-grade offerings that will help bridge traditional finance with DeFi opportunities.  The Converge blockchain is announced at the Tokenize NYC conference on March 17. Source: Cointelegraph Converge will launch with…

Move is now primed to grow DeFi

boss

Opinion by: Alex Nguyen, CEO at VibrantX The Move programming language’s origin is not super cypherpunk. Facebook (now Meta) created Move after the Libra/Diem team compared major smart contract languages (Bitcoin Script, Ethereum Virtual Machine bytecode languages) and decided their formidable in-house tech talent could make a new language built on years of private and public sector research. The original team, including founders Mo Shaikh, Avery Ching, and their engineering team, left Facebook to continue as a fully independent, open-source project headed up by Aptos Labs and supported by the…

US House kills IRS DeFi broker rule, Solana won’t cut 80% inflation rate: Finance Redefined

boss

In a significant regulatory development for the crypto industry, the United States House of Representatives voted to nullify a bill that threatened the privacy-preserving properties of decentralized finance (DeFi) protocols. In the wider crypto space, one of the Solana network’s most significant governance proposals was rejected; it sought to implement a mechanism to reduce Solana’s inflation rate by about 80%. US House follows Senate in passing resolution to kill IRS DeFi broker rule The US House of Representatives voted to nullify a rule requiring decentralized finance (DeFi) protocols to report…

Congress repealed the IRS broker rule, but can it regulate DeFi?

boss

The decentralized finance (DeFi) industry is breathing a sigh of relief as Congress relaxes reporting obligations, but questions remain about how lawmakers will regulate DeFi. On March 12, the House of Representatives voted to nullify a rule that required DeFi protocols to report gross proceeds from crypto sales, as well as info on taxpayers involved, to the Internal Revenue Service (IRS).  The rule, which the IRS issued in December 2024 and wasn’t set to take effect until 2027, was regarded by major industry lobby groups as burdensome and beyond the…

Aave Labs Introduces Compliance-Friendly DeFi Platform for Institutional Investors

Aave Labs launched the Horizon initiative on Thursday targeting institutional investors with products centered on tokenized real-world assets (RWAs) to bridge decentralized finance (DeFi) and traditional financial systems. Horizon Initiative Launches to Expand DeFi Access for Institutional Investors The initiative aims to integrate institutional capital into DeFi by tokenizing assets such as securities, bonds, and […] Source CryptoX Portal

ETH falling by 20% may trigger $336M in DeFi liquidations — Web3 exec

boss

If the price of Ether (ETH) falls by a further 20%, the price decline could trigger a cascade of up to $336 million in decentralized finance (DeFi) liquidations, according to Kevin Rusher, founder of the real-world asset (RWA) lending platform RAAC. The executive warned that a decline to $1,857 would trigger $136 million in liquidations, and a price drop to $1,780 could potentially trigger an additional $117 million in loan liquidations — making these the next price levels to watch. Rusher added that the worst-case scenario would be a 20%…

Hemi Launches Mainnet With $440M TVL, Unifying Bitcoin and Ethereum in a New DeFi Supernetwork

boss

Hemi has launched its mainnet, positioning itself as a significant player in the decentralized finance (DeFi) space by securing over $440 million in total value locked (TVL) and partnering with more than 50 ecosystem protocols. Founded by early Bitcoin developer Jeff Garzik, Hemi aims to unify Bitcoin and Ethereum into a single supernetwork, enhancing scalability, […] Original

Starknet Unveils Plan to Unify Bitcoin and Ethereum, Enhancing Bitcoin’s DeFi Functionality

boss

Starknet has announced its ambitious plan to become the first Layer 2 solution to unify Bitcoin and Ethereum, aiming to enhance bitcoin’s functionality and scalability while preserving its core principles of decentralization and trustlessness. The initiative includes the integration of the Bitcoin wallet Xverse with Starknet, allowing users to utilize Bitcoin assets on the platform […] Original

U.S. House Votes to Overturn IRS DeFi Broker Rule

A majority of lawmakers in the U.S. House of Representatives voted to overturn an IRS rule treating crypto entities as brokers and requiring them to collect certain taxpayer and transaction information, including decentralized finance (DeFi) platforms. With a 292-132 vote, a bipartisan majority in the House joined the U.S. Senate in advancing the Congressional Review Act resolution overturning the rule finalized in the closing days of former President Joe Biden’s administration. Missouri Republican Jason Smith, urging his fellow lawmakers to vote for the resolution earlier in the day, said the…

How to utilize AI agents in decentralized finance (DeFi) platforms

boss

Key takeaways AI agents in DeFi are self-operating apps that can help navigate by optimizing trading, adding risk management and market analysis without human intervention. These agents integrate with DeFi platforms through smart contracts, offering automation for tasks like portfolio rebalancing, yield farming and enhanced security. AI trading agents adapt to real-time market conditions, identifying trends and executing trades 24/7 across multiple platforms. Despite their potential, AI agents face challenges such as reliance on high-quality data, regulatory uncertainties and vulnerability to security risks. Imagine a world where trading is no…