DeFi

DeFi, short for decentralized finance, represents a shift in the financial sector by leveraging blockchain technology, primarily Ethereum, to eliminate traditional financial intermediaries. It enables various financial applications, from simple transactions to complex contracts, through smart contracts that execute automatically under specific conditions. Key DeFi applications include decentralized exchanges (DEXs), stablecoins, lending platforms, and prediction markets. DeFi offers financial services like loans and interest-earning opportunities without traditional identity verification, relying instead on collateral, usually in cryptocurrency. This innovative sector promises increased accessibility and efficiency but comes with risks, such as market volatility and unregulated projects.


Finance

Donald Trump Teases 'The DeFiant Ones' Crypto Project on Truth Social

“It’s time we take a stand – together,” Trump wrote on his Truth Social account with a Telegram group link to the unreleased decentralized finance platform.

Donald J. Trump at a rally (Gerd Altmann, modified by CoinDesk)

Markets

DeFi Summer Is Making a Comeback, Steno Research Says

Total value locked across the crypto ecosystem is expected to reach an all-time high in the first half of next year, the report said.

Decentralized finance activity is starting to pick up. (Alina Grubnyak/Unsplash)

Markets

Memecoin Frenzy Reaches Tron as Justin Sun-Backed SunPump Rakes in Big Bucks

The memecoin generator launched in mid-August and has crossed $1 million in revenues in its first nine days - a large amount considering Tron’s low fees.

justin sun literally as a sun

Tech

Chaos Labs Raises $55M as Demand Grows for On-Chain Risk Management

The influx of capital comes as Chaos Labs, founded in 2021, looks to expand its platform, designed to address the growing need for automated risk management in decentralized finance (DeFi).

The Chaos Labs team has raised $55M in Series A funding (Chaos Labs)

Finance

Asset Manager Grayscale Introduces Crypto Fund for MakerDAO's MKR

The company unveiled similar single-asset trusts for TAO and SUI and a fund that invests in a basket of decentralized artificial intelligence-focused tokens over the past month.

Grayscale ad in NYC (Nikhilesh De/CoinDesk)

Finance

Defi Hacks Remain a Major Threat Despite 50% Decline in 2023: Halborn

The report warns that protocols should improve security by using multi-sig wallets and vetting counterparty code.

Crypto companies hit by newsletter breach (Mika Baumeister/Unsplash)

Finance

Gyroscope Rolls Out Yield-Bearing Version of Stablecoin Targeting Over 10% Yield

The Galaxy-backed project aims to attract DAO treasuries to allocate to its new stablecoin.

(Danielbaise/Wikimedia Commons)

Opinion

Preparing for DeFi Regulation: The Role of Portable KYC

As regulators scrutinize DeFi more closely, participants need to improve compliance around AML and KYC and make the process easier for customers, says Thomas Gentle, Compliance Officer, Quadrata.

(Andrej Lišakov/Unsplash+)

Finance

Synthetix Founder Donated Funds to Beleaguered Ex-Treasurer: EmberCN

The former treasurer was liquidated during the weekend's crypto market plunge.

Money, cash, payment, paid, corruption, business concept, corruption concept

Markets

Trump-Themed ‘DJT’ Token, Issued by Martin Shkreli, Suddenly Dives 90%

A single wallet sold $2 million worth of the token earlier Tuesday, causing market capitalization to fall from $55 million to as low as $2 million almost instantly.

Former pharmaceutical executive Martin Shkreli on the left points as he exits a courthouse (Drew Angerer/Getty Images)