Tag: DeFi

WLFI’s DeFi credentials under fire after Sui partnership

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Sui, a layer-1 blockchain developed by San Francisco-based Mysten Labs, announced on March 6 that it had partnered with World Liberty Financial (WLFI). As part of the deal, Sui’s native token, SUI (SUI), will be included in WLFI’s “Macro Strategy” strategic token reserve, and both entities will explore product development opportunities together. WLFI, a decentralized finance (DeFi) protocol, has drawn controversy due to its ties to the family of US President Donald Trump. While WLFI insists that none of Trump’s family members hold an officer or director position, Eric Trump…

Bitwise makes first institutional DeFi allocation

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Bitwise Asset Management has made its first institutional decentralized finance (DeFi) allocation, depositing into Maple Finance’s overcollateralized Bitcoin loans, Maple told Cointelegraph on March 6.  Maple did not disclose the size of the investment but confirmed that Bitwise’s allocation is represented in Dune Analytics total value locked (TVL) figures for Maple’s “blue chip secured” strategy.  Those figures show a roughly $5 million increase in Maple’s TVL between March 4 and March 5.  Bitwise’s investment is “a testament to the maturity and readiness of on-chain lending infrastructure,” Maple’s CEO, Sid Powell,…

US Senate votes to overturn IRS DeFi broker rule

The U.S. Senate has voted 70-27 to overturn an Internal Revenue Service rule that would have imposed new reporting requirements on decentralized finance brokers.  As reported by Business Insider, the motion presented by Senator Ted Cruz, was approved under the Congressional Review Act on Mar. 4, indicating that both parties were against the Biden-era rule. Introduced in December, the IRS DeFi broker rule required DeFi platforms to report user data for tax compliance, thereby broadening the definition of “brokers” to include them. Since decentralized platforms do not hold funds or…

Layer-2 BOB’s ‘Bitcoin DeFi’ Continues Progress With Fireblocks Integration

Hybrid layer-2 network BOB’s mission to make Bitcoin the center of the decentralized finance (DeFi) universe continues through its integration with crypto custody firm Fireblocks. The integration means the over 2,000 entities using Fireblocks will get access to BOB’s DeFi ecosystem, which has total value locked (TVL) of around $250 million. These users can now earn yield on their BTC holdings via BOB’s network, according to an announcement shared with CryptoX on Monday. BOB, an abbreviation of “Build on Bitcoin”, has the goal of making Bitcoin the foundational network for…

Altcoin Transaction King? TRON Hits 42% Share As USDT, DeFi Explode

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Tron (TRX) is demonstrating its status as a dominant force in the realm of altcoin transactions. The network has established itself as one of the busiest blockchain networks by capturing a significant 42% proportion of all altcoin transactions. Tron’s dominance is becoming increasingly apparent due to its expanding role in decentralized finance (DeFi) and its efficient system for managing Tether (USDT) transfers. Tron’s Position In The Altcoin Market Tron has established itself as the foundation for stablecoin transfers, processing millions of transactions each day. The blockchain is a critical factor…

MetaMask to support BTC, SOL DeFi, eventually end gas fees in new roadmap

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Crypto self-custodial wallet MetaMask is set to expand support to the Bitcoin and Solana networks and eventually remove gas fees as part of a roadmap of updates for the year.  The Bitcoin network will be integrated sometime in the third quarter, while Solana will become the first non-Ethereum Virtual Machine chain that MetaMask supports in May, MetaMask’s Dan Finlay said in a Feb. 27 post. Gas-included swaps — allowing users to swap two tokens and by paying with the token they’re swapping — will soon be upgraded to allow users…

SEC pushed DeFi execs to ‘never work in crypto again,’ says crypto VC

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The US Securities and Exchange Commission, under former chair Gary Gensler, used settlements to pressure founders of decentralized finance platforms from ever working in the industry again, according to venture capital firm Founders Fund partner Joey Krug. “The thing people don’t really know about is that the government, in many cases, went to founders of DeFi protocols […] and basically told the founders you effectively have to do a settlement with us,” Krug said on stage at the ETHDenver conference on Feb. 27. “In many cases, they said you also…

After years of groundwork, Bitcoin DeFi is ready to soar

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Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. 2025 is the year when Bitcoin (BTC) will reach its turning point. Historically regarded as a “store of value,” its role in decentralized finance has been minimal, capturing only close to 0.3% of its market cap compared to Ethereum (ETH) dominant position. Ethereum’s programmability has made it the natural home for DeFi, but Bitcoin’s $2 trillion market cap and unmatched security present an untapped opportunity ripe for…

Study: South Africa’s DeFi Market Volume Set to Hit $180M by 2028

A South African study reveals growing DeFi adoption, projecting $2.8 million in volume by the end of 2025, primarily driven by retail customers. FSCA to Focus on Stakeholder Engagement According to a study conducted by South Africa’s Financial Sector Conduct Authority (FSCA), decentralized finance (DeFi) activities are gaining traction, with projected volume expected to reach […] Source CryptoX Portal

AI Agents in DeFi: User Control Must Be ‘Non-Negotiable,’ CEO Warns

Renç Korzay, CEO of Giza, emphasizes that ethical considerations in AI agent development must be “architecturally enforced.” He advocates for built-in user control and “security-by-design” to minimize regulatory burdens. ‘Architecturally Enforced’ User Security The rapid advancement of artificial intelligence has led to the development of increasingly sophisticated AI agents, capable of performing complex tasks across […] Source CryptoX Portal