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The Defiant – DeFi News

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Nasdaq’s Sonnet to Merge With Rorschach, Form $888 Million Crypto Treasury Firm
Sonnet BioTherapeutics, a Nasdaq-listed clinical-stage biotechnology company, said it will merge with Rorschach I LLC in an all-stock deal that values the combined business at about $888 million...

Kamino Becomes First Major DeFi Lender to Accept Tokenized Stocks as Collateral
The Solana-based protocol now allows users to borrow stablecoins against xStocks....

Hyperliquid Layer 1 Gains Traction as TVL Grows to $2 Billion
HyperEVM has grown steadily to nab ninth place among Layer 1 blockchains by TVL....

Activity on Ripple’s XRPL EVM Slows Two Weeks After Launch
The XRPL EVM sidechain posted a strong start but daily users are now down 77% from launch day....

Sharplink Buys ETH Worth $30 Million from Ethereum Foundation
The “Microstrategy of ETH” purchased 10,000 ETH from the Ethereum Foundation, with the proceeds being used by the EF to fund operations....

PumpFun Raises $500 Million in 12 Minutes
The highly anticipated PumpFun token is trading at a $5.8 billion pre-market valuation on Hyperliquid, briefly surging as high as $7 billion over the weekend....

Pump.fun Raises $500 Million in Minutes in PUMP Token Sale
Crypto project Pump...

US Lawmakers Gear up for ‘Crypto Week’ — What to Expect
The week of July 14 will see votes on both the stablecoin and broader crypto industry regulation bills....

Elon Musk’s Grok 4 Demo Taps Polymarket for Prediction Data
In a livestream demo, xAI showed how its latest AI, Grok 4, integrates Polymarket prediction data — with a spotlight on the 2025 World Series....

Fidelity Frames ETH as Money and Ethereum as a Digital Economy in New Report
Fidelity compares Ethereum’s network growth and activity to a real-world economy....