Latest updates, press releases, and insights from the volatile world of digital assets.
SEC Commissioner Hester Peirce cautioned that certain decentralized finance vaults and lending products could fall under federal securities laws based on their design and management practices
Balance Coin (BLC) lost its dollar peg and plunged over 99 percent following a suspected oracle manipulation attack on the associated 42DAO DeFi protocol, resulting in roughly $915,000 drained
Hyperion DeFi has deployed 500,000 HYPE tokens worth around $33.6 million to support new perpetual futures markets on Hyperliquid through a partnership with Skew Technologies under the HIP-3 framework
Derive’s DRV token climbed sharply after South Korea’s leading exchanges added trading support, boosting visibility for the on-chain derivatives protocol in a key retail market
US banking associations have sent a joint letter to Senate leaders calling for revisions to stablecoin provisions in the pending Digital Asset Market Clarity Act to prevent potential competition with bank deposits
The Federal Law Enforcement Officers Association has endorsed the Digital Asset Market Clarity Act, marking the second major law enforcement group to support the bill. The move comes with recommendations to tighten accountability measures in decentralized finance as the Senate approaches a key August deadline
The Major County Sheriffs of America moved from opposition to neutral on the CLARITY Act following clarifications on Section 604, removing a notable barrier to the crypto market structure bill's progress in the Senate
The European Parliament’s ECON committee has urged the European Commission to evaluate additional regulations covering decentralized finance, staking, lending, NFTs, and related activities as part of ongoing MiCA framework assessment. A vote is expected on July 7
Kraken, through its parent company Payward, is negotiating a strategic investment in the leading DeFi lending protocol Aave, marking a notable step in bridging centralized and decentralized finance sectors amid ongoing market recovery efforts
Standard Chartered has set a long-term price target of $3,500 for AAVE by the end of 2030, projecting substantial expansion tied to decentralized lending and tokenized real-world assets. The forecast comes as the protocol demonstrates recovery from earlier challenges
