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The Defiant

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30 current headlines from The Defiant.

SummerFi to Wind Down After Seven Years, Citing Exploit

Aave founder Stani Kulechov called the DeFi access point 'an OG' as its team said it would sunset the UI.

9m ago

eToro Takes Strategic Stake in Onchain Derivatives Exchange Extended, Plans Zengo Tie-Up

eToro has become a strategic investor in Extended, an onchain perpetual futures exchange, and said the round begins a partnership with Zengo, the self-custody wallet eToro acquired earlier this year.…

9m ago

NEAR Governance Votes to Scrap Developer Gas Rebate

NEAR's on-chain governance body, House of Stake, passed proposal HSP-027 to eliminate the protocol's developer gas rebate, a change that will send all network gas fees to be burned rather than partly…

9m ago

BitMine Adds $73 Million in ETH, Pushing Holdings to 4.8% of Supply

BitMine Immersion Technologies (NYSE: BMNR), the Ethereum treasury company chaired by Fundstrat's Tom Lee, bought 42,197 ETH worth roughly $73 million over the past week, according to the company's ow…

9m ago

EDX Markets Closes $76M Series C Led by SBI Holdings

EDX Markets, an institutional-only crypto trading venue with its own central clearinghouse, closed a $76 million Series C funding round led by SBI Holdings, the firm said in a press release. The Tokyo…

9m ago

Tether's Former CIO Heathcote Plans to Sell Equity Stake

Richard Heathcote, who until earlier this year served as Tether Holdings SA's chief investment officer, is planning to sell a small stake in the stablecoin issuer, Bloomberg reported Monday, citing pe…

9m ago

'Coinbase Man' Token Crashes as Armstrong Swaps His Avatar for a CryptoPunk

Coinbase CEO Brian Armstrong set his X profile picture to the artwork behind a Base memecoin, then replaced it with a newly acquired CryptoPunk. The $BRIAN token round-tripped from obscurity to millio…

1d ago

OKX Launches Tokenized US Stocks on Shared Order Book

The exchange routes every issuer's version of a stock into one market backed by Backed Assets' xStocks, and bars US and EU traders.

1d ago

Tokenized Stock Lending TVL Reaches $23M as DEX Volume Climbs

Token Terminal data shows QQQ and SPY trackers gaining onchain trading and collateral use, but the totals remain a rounding error next to broader DeFi.

1d ago

CASHCAT Falls 75% from Peak After Hyperliquid Perp Listing

The Robinhood Chain memecoin's slide has erased most of a 4,000% run, even as its spot price held through a 60% perp wick that liquidated leveraged traders.

1d ago

Ostium Vault Exploiter Routes 10,540 ETH to Tornado Cash

Blockchain security firm PeckShield now puts the drain on Arbitrum perpetuals protocol Ostium at roughly $24M, above the up-to-$18M first estimated.

3d ago

Visa Launches Stablecoin Platform Built on Open USD

Crypto head Cuy Sheffield unveiled the platform, which Fortune reported will bring stablecoin services to more than 200 million merchants, initially through Open USD.

3d ago

Polygon Labs Cuts Staff Again as It Closes Coinme Deal

CEO Marc Boiron said the reductions, the company's second round in 2026, accompany a shift from a blockchain foundation to a blockchain-enabled payments company.

3d ago

Dune Study for 1inch Finds 85% of Concentrated Liquidity Idle

The onchain research, which 1inch commissioned, estimates out-of-range positions forgo about $150M a year in fees across seven chains.

3d ago

Ondo Finance Partners With SBI to Tokenize Japanese Assets

The deal routes distribution through SBI's ecosystem and settles in the group's JPYSC yen stablecoin, connecting Japan's capital markets to onchain finance.

3d ago

Visa's Sheffield Pegs Adjusted x402 Volume at $19M

A joint Visa and Artemis analysis finds roughly 4,000 wallets drive about 90% of x402's adjusted spending, with Base accounting for the bulk of activity.

3d ago

CFTC Orders Kalshi to Honor Trades a Michigan Court Told It to Cancel

The regulator stayed a Kalshi rule change and invoked emergency authority, calling the first state attempt to void executed derivatives trades unprecedented.

3d ago

Coinbase's Jesse Pollak Hands Base App to Cobie, Says Social Bet Was 'Definitively Wrong'

The Coinbase executive is refocusing the largest Ethereum Layer 2 on trading, payments and AI agents after conceding its onchain-social push failed

3d ago

1inch Co-Founder Anton Bukov Launches Second Tier After Exit He Calls a Firing

Bukov says he was fired and no longer oversees the architecture and security he ran; 1inch disputes the account, saying he contributed to a team effort and was never an employee it could fire.

3d ago

Ostium Halts Trading After Oracle Exploit Drains up to $18M from Vault

Blockaid says an attacker used a registered price-feed forwarder and future-dated oracle reports to book fake trading profits, in the latest exploit to target the automated infrastructure DeFi protoco…

4d ago

DTCC Starts Live Tokenized-Securities Trades With More Than Two Dozen Firms

The company that settles most US stock trades is running its first production trades of tokenized real-world assets, with a full service launch set for October.

4d ago

Stripe's $53B PayPal Bid Would Combine Bridge and PYUSD Under One Owner

The unsolicited offer from Stripe and Advent International, if PayPal accepts, would consolidate two of the mainstream payments industry's stablecoin operations.

4d ago

Argentine Judge Orders ID, Freeze of 25 LIBRA-Linked Crypto Wallets

The order targets holders at Binance, Bybit, OKX and Bitfinex, but analyst Fernando Molina says no funds have actually been frozen yet.

4d ago

Prism Relaunches on New Contract After Exploit Diverted Nearly 40% of Fees

A pseudonymous team is redeploying the Uniswap v4 token that pays fees to everyone who holds it, after a bad actor created 2,500 'phantom' fee positions. The original token has crashed more than 90% i…

5d ago

Builder-Deployed Markets Overtake Crypto on Hyperliquid

The venue's HIP-3 markets for stocks, commodities and indices first topped its native crypto volume on July 8 and have led on several trading days since — though they fade on weekends, and single-name…

5d ago

Coinbase Matches Robinhood's 7% Yield With a Different Design

Robinhood pays only the gap between organic yield and a 7% target for a year; Coinbase pays market rate plus token rewards with no ceiling and no end date.

5d ago

Tether Leads $7M Series A in Pact Labs for USA₮ Payroll

The stablecoin issuer's latest strategic bet targets payroll, wage access and everyday payments rails for its US-focused USA₮ token.

5d ago

Lummis Says CLARITY Act Text Coming 'in Next Few Days'

The Wyoming senator says the bill will focus on fighting illicit finance, consumer protections and keeping crypto markets onshore in the US.

5d ago

EthSystems Launches Privacy Tools for Institutional Ethereum

Bitmine and SharpLink backed the launch, and the founding team spent the past year running the Ethereum Foundation's Institutional Privacy Task Force.

5d ago

ENS DAO Votes to Seat New Security Council Weeks After Founder Blocked Renewal

An onchain vote to grant the DAO's veto power to a freshly elected eight-member council is passing, with the current council's mandate set to lapse on July 24

5d ago