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Aug 27
23:25

Galaxy Digital has introduced a crypto portfolio line of credit on its retail platform GalaxyOne, allowing users to borrow USD or USDC against BTC, ETH, and SOL (including staked SOL) at an 8.99% APR with no rehypothecation. The product targets high-net-worth individuals and offers a 50% initial loan-to-value ratio, available in 40 US states. This move comes amid a contracting crypto lending market, positioning Galaxy as a safe alternative post-FTX.

CryptoDeFi
23:10

Ethena Foundation announced it bought back locked ENA tokens from major seed investors and canceled all future monthly VC unlocks, removing a major supply overhang. It also proposed a governance plan to use 95% of protocol net income for programmatic ENA buybacks, tying token value to protocol revenue. The news triggered a sharp price surge, with ENA rising to $0.189.

RWADeFi
22:52

Ethereum’s staking participation has reached a record 34.7% of supply, with over 2.2 million ETH queued, while Fidelity advances staking for its ETH fund. The article compares four staking paths: solo staking, non-custodial native staking, Lido liquid staking, and exchange staking, emphasizing trade-offs in control, liquidity, and risk. It argues that APR alone should not be the primary factor, as operational complexity and counterparty risk vary significantly.

CryptoDeFi
22:40

The CCC token on the BSC chain was attacked, resulting in a loss of approximately $117,000. The incident highlights ongoing security risks in the DeFi ecosystem.

CryptoDeFi
22:05

Data shows that whales on the Hyperliquid platform currently hold positions totaling $7.29 billion, with a long/short position ratio of 0.92. This indicates a slight bearish sentiment among large traders.

CryptoDeFi
21:50

Ethereum core developers have announced that an account abstraction proposal will be included in the upcoming Hegotá upgrade. This move aims to enhance user experience and flexibility for smart contract wallets on the network.

CryptoDeFi
18:34

The Ethena Foundation bought out seed investors who sold ENA, except one wallet that refused, and has put a fee switch to a vote. However, the first buyback trigger requires USDe supply to nearly double from current levels.

CryptoDeFi
17:05

Aave V4 has reached $806 million in deposits, marking a 30% increase over the past week. This growth reflects rising demand for DeFi lending services.

CryptoDeFi
16:55

Virtu, M1X, and Tradeweb have completed an on-chain repurchase agreement using a digital bond issued by the Republic of the Marshall Islands. This marks a significant step in the convergence of traditional finance and blockchain-based asset tokenization.

RWADeFi
16:52

Aave V4 deposits surged 30% in a week to $806 million, with EtherFi Cash as its second-largest market at $257 million. Meanwhile, Aave V3 retains a much larger $31 billion deposit base, indicating V4’s early traction.

CryptoDeFi
16:39

Virtu and Tradeweb executed a full onchain repo transaction using the Marshall Islands-issued USDM1 digital bond as collateral on the Canton Network, completing the cycle in under 10 minutes. This marks a significant step in integrating real-world assets into decentralized finance.

RWADeFi
13:40

Ethena announced a tokenomics reform, leading to a 23% surge in ENA within 24 hours. The reform likely aims to adjust token distribution or incentives to improve sustainability.

CryptoDeFi
12:54

Moonwell, a lending protocol on Base, suffered an $8.7 million loss due to price manipulation of the MAMO token. The attacker inflated the token’s price and borrowed against it, prompting the protocol to cut borrow caps on all core markets to one wei.

CryptoDeFi
12:37

According to Hyperbot data, Machibig Bro (Huang Licheng) has opened another 10x leveraged long position on PUMP, now holding 400 million PUMP tokens worth approximately $1.98 million, with an unrealized loss of $12,700.

CryptoDeFi
12:20

Liminal Money, a yield project on Hyperliquid, has enabled portfolio margin to boost returns. It now offers 30% APY via xHYPE capturing Hyperliquid funding rates, 17% via limUSD, and 15% via xBTC for Bitcoin funding.

CryptoDeFi
12:00

MoonPay has integrated with Kamino, allowing AI agents to access lending and borrowing services on the Solana blockchain. This integration marks a step towards AI-driven DeFi interactions, enabling automated financial operations.

CryptoDeFi
11:28

Coinbase has introduced AiFi, a financial system integrating AI agents with on-chain payments, with its x402 protocol handling over 205 million transactions. This marks a significant step in AI-crypto convergence, enabling autonomous agent-to-agent commerce on blockchain rails.

CryptoDeFi
10:57

Ethena has proposed a new framework that assigns protocol IP and value accrual to the Ethena Foundation. A live governance vote would use effectively 100% of net revenue to purchase ENA tokens, potentially boosting token value.

CryptoDeFi
10:35

Hyperliquid Strategies, the treasury arm of HYPE, has raised $647 million, doubling its HYPE token reserves to 29.3 million. The funding is expected to bolster the project’s financial position and support its ecosystem growth.

CryptoDeFi
10:20

The Ethena Foundation has unveiled four significant ecosystem adjustments, including a buyback of ENA tokens and the elimination of monthly VC unlocks. These changes aim to restructure tokenomics and enhance long-term sustainability.

CryptoDeFi
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