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Active loans across decentralized lending applications climbed to a record $23.723 billion on May 21, based on Token Terminal data.
Meanwhile, the DeFi ecosystem’s total value locked (TVL) sits 6.4% below the level recorded on Jan. 31, the day before President Donald Trump formalized his proposed import tariffs.
The surge in outstanding loans extends an expansion that began in early April when...
The UK Court of Appeals dismissed a high-profile challenge by BSV Claims Ltd, which sought up to £9 billion in damages from Binance and other exchanges over the 2019 delisting of Bitcoin Satoshi Vision (BSV).
BSV Claims, acting on behalf of around 243,000 BSV holders, alleged that coordinated delisting actions by Binance, Kraken, and ShapeShift, among others, violated competition law and severely...
Volatility Shares began trading the first US-based exchange-traded funds (ETFs) linked to XRP futures on May 22, according to an official announcement.
The funds, XRPI and XRPT, track XRP futures contracts and are listed on Nasdaq. XRPI offers one-to-one exposure to XRP’s daily performance, while XRPT aims to deliver double the digital asset’s daily movement, excluding fees and expenses.
Both...
The XRP Ledger (XRPL) added three stablecoins, EURØP, USDB, and XSGD, to its ecosystem this week.
According to the announcements, each of the tokens is backed by fiat currencies and will reinforce XRPL’s role in the fast-evolving global stablecoin market.
Notably, XRPL is fast becoming a top choice for stablecoin issuers and institutional players due to the network’s features, including low fees...
Kraken is preparing to roll out a new product that will allow users in select countries outside the US to trade tokenized versions of major American stocks and ETFs 24/7.
According to the May 22 announcement, the offering will include names such as Apple, Tesla, and Nvidia, with plans to expand the selection over time.
The announcement comes a few weeks after the exchange acquired NinjaTrader in...
Strategy (formerly MicroStrategy) has unveiled plans to raise $2.1 billion via sales of its Series A Perpetual Strife Preferred Stock (STRF).
According to the May 22 statement, the stock will be issued under an at-the-market (ATM) program. This structure allows Strategy to sell shares gradually, based on favorable market conditions like trading volume and price.
The funds raised from these...
Binance, the largest crypto exchange by trading volume, revealed plans to list the USD1 stablecoin issued by the Donald Trump family-affiliated DeFi venture World Liberty Financial (WLFI).
According to a May 22 statement, the exchange said it would open trading for the USD1/USDT pair on the same day. The firm added that its users can deposit the token, while withdrawals will be enabled a day...
Funding rates for Bitcoin perpetual futures have spiked sharply in the past 24 hours, especially on USDT- and USD-margined contracts. The latest daily aggregated rate across exchanges reached 0.010885% on May 22, up from 0.007804% on May 21 and just 0.005429% on May 20.
Both OI- and volume-weighted funding rates rose notably between May 21 and May 22, peaking during the early hours of May 22...
Update: Cetus has stated that the loss currently stands at $223 million.
“As of earlier today, we have confirmed that an attacker has stolen approximately $223M from Cetus Protocol.
We have took immediate action to lock our contract preventing further theft of funds. $162M of the compromised funds have been successfully paused.
We are working with the Sui Foundation and other ecosystem members...
Avalanche’s native token, AVAX, is gaining momentum in the current crypto market surge, buoyed by fresh institutional activity and a major partnership with FIFA.
According to CryptoSlate’s data, AVAX surged by 11% in the last 24 hours, reaching $25.16 at the time of reporting. This continues a weeklong trend that has seen the token rise by around 7%.
Notably, this recent upswing coincides with a...