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The Defiant – DeFi News

Information platform at the intersection of tech and finance.

FTX Phase 2: $5 Billion Stablecoin Repayment to Creditors Begins via BitGo, Kraken After Three-Year Wait
FTX has initiated Phase 2 of creditor repayments, distributing over $5 billion in stablecoins to eligible creditors starting May 30, 2025...

OpenSea Introduces New Incentives and Token Trading on 19 Blockchains
The new incentive mechanism marks a shift from OS2’s closed beta to a public release....

U.S. Lawmakers Unveil CLARITY Act Regulating Digital Assets
The first draft of the broad market structure and regulation bill that the cryptocurrency industry has been calling for has been released....

Corporations Are Set to Buy $400 Million of XRP
Webus International and VivoPower are gearing up to spend a cumulative $420 million on XRP for digital asset treasuries....

Bitcoin Exchange Reserves Hit Seven-Year Low at 14% Amid Growing Long-Term Holder Accumulation
Bitcoin exchange reserves have reached a new all-time low, with the amount of Bitcoin held on exchanges dropping to historic lows...

SEC Says Staking Activities Are Not Securities Transactions, Opening the Door for Institutions and ETFs
The Securities and Exchange Commission confirmed that protocol staking does not fall under its purview, making it far more attractive for financial institutions to participate....

Bitcoin Plunges Under $104,000 As US-China Trade Tensions Resurface
Major cryptocurrencies fell sharply after President Trump accused China of violating a preliminary trade agreement....

Up 50% in Three Weeks, Ethereum’s Sustained Rebound Is Mostly Thanks to Pectra
According to analysts, ETH's price action this month is the result of the upgrade, and a refocus on core activities....

Trump Media Closes Roughly $2.4 Billion Financing to Establish Corporate Bitcoin Treasury
Donald Trump’s Trump Media & Technology Group has completed a private placement of roughly $2.4 billion....

Jack Mallers Says Strike's Bitcoin-Backed Loans Will Offer Single-Digit Rates
Jack Mallers, CEO of Strike, announced the launch of Bitcoin-backed loans with single-digit interest rates...