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BSCN· 2025-10-06 12:49
Key Integration - BNB Chain integrates Chainlink data standard to bring U S economic data onchain [1] - This integration aims to enhance data transparency and application in DeFi and prediction markets [1] Data and Indicators - U S Department of Commerce data, including GDP, PCE Price Index, and Real Final Sales, are now available onchain [1][2] - Data is sourced directly from the Bureau of Economic Analysis and transmitted through Chainlink Price Feeds [2] Application and Impact - Integration enables developers to build new blockchain applications based on verified economic data [3] - DeFi protocols can improve risk management by referencing actual economic conditions [4] - Inclusion of real-world data onchain is expected to align blockchain operations with measurable economic indicators [4] - Chainlink's data standard provides consistent, tamper-resistant access to public data sources [5]
DeFi Technologies Provides Monthly Corporate Update: Valour Reports US$987 Million in AUM, and Year-To-Date Net Inflows of US$115.3 Million, Among Other Key Developments
Prnewswire· 2025-10-06 11:30
, /PRNewswire/ - DeFi Technologies Inc. (the "Company" or "DeFi Technologies") (Nasdaq: DEFT) (CBOE CA: DEFI) (GR: R9B), a financial technology company bridging the gap between traditional capital markets and decentralized finance ("DeFi"), is pleased to announce that its subsidiary, Valour Inc., and Valour Digital Securities Limited (together, "Valour"), a leading issuer of exchange traded products ("ETPs") reported assets under management ("AUM") of $987 million as of September 30, 2025. This reflects a ...
Binance Lists Aster as Transparency and Hype Collide
Yahoo Finance· 2025-10-06 10:37
Core Insights - Binance continues to dominate the cryptocurrency market with a market share of 41.87% and significant influence on Bitcoin's performance [1] - Aster has transitioned from Binance Alpha to the primary Spot market, indicating increased confidence and scrutiny in DeFi trading practices [1][2] Binance Ecosystem - Binance has listed Aster (ASTER) and opened trading pairs including ASTER/USDT, ASTER/USDC, and ASTER/TRY, with deposits starting three hours prior to trading [1] - Binance Coin (BNB) reached a new all-time high of approximately $1,223, reflecting a 21% weekly gain, contributing to founder Changpeng Zhao's net worth of $87.3 billion [3] Aster's Development - Aster's graduation to the Spot market follows its previous listing on Binance Alpha, with balances being transferred within 24 hours [2] - Aster has launched a zero-fee campaign for users to claim $ASTER airdrops and refund trading fees, marking the end of its Stage 2 "Genesis" phase and the beginning of "Stage 3 Dawn" [5] Controversies and Scrutiny - Aster's trading activity has faced scrutiny due to allegations of wash trading, as analytics platform DeFiLlama removed its perpetual-trading data after finding discrepancies in reported volumes [4] - Influencer lynk0x claimed to have been offered $250,000 for undisclosed promotion of Aster, highlighting potential ethical concerns within the influencer marketing space [6]
Raffles Financial Group Ltd (RICH) and CICADA Finance Partner to Launch Raffles Crypto Treasury
Newsfile· 2025-10-05 23:46
Core Viewpoint - Raffles Financial Group Ltd and CICADA Finance are collaborating to launch the Raffles Reserve Treasury (RRT), integrating high-growth cryptocurrencies into trade finance credit facilities for IPO-ready firms [1][2]. Group 1: Collaboration Overview - The partnership merges traditional corporate finance with decentralized finance (DeFi), creating a model for tokenized trade finance [2]. - Raffles Financial's expertise in public listings and compliance complements CICADA Finance's knowledge in tokenomics and decentralized asset management [2][3]. Group 2: Raffles Reserve Treasury (RRT) Details - The RRT will be issued through a special purpose vehicle in Singapore, leveraging the country's digital finance framework [4]. - The RRT aims to serve as a core value carrier, providing governance participation and economic incentives to holders, inspired by strategies from companies like MicroStrategy and Gamestop [5]. Group 3: Financial Mechanisms and Benefits - The Cryptocurrency Treasury (CT) portfolio will include assets like Bitcoin, Ethereum, Ripple, Solana, and Chainlink, acting as collateral for stablecoin issuance and trade finance credit facilities [6]. - This model allows IPO-ready clients to accelerate growth and offers investors value through arrangement fees and pre-IPO share purchase opportunities [6]. Group 4: Leadership Insights - Dr. Charlie In, Chairman of Raffles Financial, emphasized the combination of traditional trade finance rigor with DeFi innovation to secure scalable capital for clients [7]. - Gary Yang, CEO of CICADA Finance, described the RRT as a bridge between institutional finance and decentralized ecosystems, enhancing sustainable crypto-backed trade finance [9]. - Iris Yu from CICADA Finance highlighted the new liquidity framework enabling clients to leverage crypto assets for trade finance while preparing for IPOs [10]. Group 5: Company Backgrounds - Raffles Financial Group Ltd specializes in corporate finance advisory and IPO facilitation, focusing on innovative financing solutions for high-growth companies [11]. - CICADA Finance is an on-chain asset management protocol that combines real-yield assets with ecosystem incentives, aiming to revolutionize emerging bond markets [12].
Companies Are Buying This Crypto — and No, It’s Not Bitcoin: Should You Invest Too?
Yahoo Finance· 2025-10-05 20:13
Group 1 - Bitcoin remains the dominant cryptocurrency with a market capitalization exceeding $2.3 trillion, significantly larger than the combined market caps of the next 10 cryptocurrencies [1][2] - Ethereum, the second-largest cryptocurrency, has a price of approximately $3,780 and a market cap around $456 billion, showcasing its growth potential [1][2] - Institutional and corporate investments are driving Ethereum's growth, with notable firms like Coinbase Global and others investing in it [3][4] Group 2 - Ethereum is recognized for its utility, allowing the creation of tokens and communities, which some experts argue gives it more utility than Bitcoin [5][6] - Ethereum's price has increased over 170% since hitting a low of $1,387 in early April, reaching its highest point in over 3.5 years [6] - The trend of companies moving their investments from Bitcoin to Ethereum, such as Bit Digital, indicates growing interest in Ethereum [7]
Abracadabra Suffers Third DeFi Exploit As Hackers Drain $1.7 million
Yahoo Finance· 2025-10-05 15:00
july crypto hack, hack crypto, crypto loss. Photo by BeInCrypto DeFi project Abracadabra has suffered a fresh exploit that drained about $1.7 million from its platform. Blockchain security firm Go Security flagged the breach on October 4 and confirmed that attackers had already laundered about 51 ETH through Tornado Cash. At the time of reporting, the attacker’s wallet (identified as 0x1AaaDe) still held around 344 ETH, worth approximately $1.55 million. How Abracadabra Was Exploited for the Third Time ...
Stripe CEO: Stablecoins Will Force Banks to Offer Competitive Deposit Yields
Yahoo Finance· 2025-10-05 10:58
Stripe CEO Patrick Collison believes the growing popularity of stablecoins will eventually force banks to raise deposit yields or risk losing customers. Key Takeaways: Stripe CEO Patrick Collison says stablecoins will pressure banks to offer more competitive deposit yields. He criticized banks’ reliance on low-interest savings accounts, calling it an unsustainable and consumer-hostile strategy. As stablecoins grow, market forces may force traditional banks to adapt or lose customers. In a post res ...
PayPal (PYPL) Partners with Spark to Inject $1B PYUSD Liquidity
Yahoo Finance· 2025-10-04 21:16
Group 1 - PayPal is considered one of the most undervalued financial stocks according to Wall Street analysts, with a recent partnership with Spark aimed at increasing PYUSD deposits from $100 million to $1 billion [1] - The integration of PYUSD, a U.S. dollar-pegged stablecoin, into SparkLend allows users to supply and borrow the asset, supported by Spark's $8 billion stablecoin reserve, facilitating predictable liquidity [2] - The collaboration comes at a time of increased stablecoin activity, with global supply rising by $30 billion to $263 billion and daily volumes exceeding $100 billion, positioning PYUSD for rapid scaling [3] Group 2 - PayPal operates a global two-sided network for digital payments, enabling consumers and merchants to send, receive, and process payments through various platforms, including PayPal, Venmo, Braintree, Xoom, and Honey [4]
We're About to See a Rush of Crypto ETFs. Here's How to Sort Them Out
Yahoo Finance· 2025-10-04 08:45
Core Insights - The article discusses the growing interest and potential for investment in cryptocurrency ETFs, particularly in light of recent regulatory changes by the SEC that may facilitate the approval of a wider range of crypto ETFs [6][15][16] Group 1: Cryptocurrency ETFs Overview - ETFs provide a more accessible way for both retail and institutional investors to gain exposure to cryptocurrencies without the need for direct custody [5] - The SEC has recently changed its rules to streamline the approval process for crypto ETFs, allowing for broader criteria that could lead to a surge in new products [15][16] - Spot crypto ETFs, which own the actual cryptocurrency, are expected to become more prevalent, alongside futures ETFs that hold derivatives contracts [3][6] Group 2: Investment Considerations - Investors are advised to start with established cryptocurrencies like Bitcoin and Ethereum due to their liquidity and market presence [2] - When selecting a crypto ETF, factors such as expense ratios, issuer reputation, and custody arrangements are crucial [4][9][11] - The expense ratios for existing top Bitcoin ETFs range from less than 0.25% to 1.5%, translating to annual fees of $12.50 to $75 for a $5,000 investment [10] Group 3: Risks and Market Dynamics - Despite the SEC's new rules, cryptocurrencies, especially altcoins, remain high-risk investments subject to volatility and speculation [17] - The approval of new crypto ETFs does not inherently make them safer investments, as concerns about market manipulation and fraud persist [17] - The article emphasizes the importance of limiting crypto investments to a small portion of an overall portfolio [18]
X @mert | helius.dev
mert | helius.dev· 2025-10-04 08:09
incredible crypto native things happening rn- MetaDAO (market based governance)- Zcash (unstoppable private money)- Solana (capital markets onchain)- Perps dexes competing it out to give the best trading exp for users- Phantom releasing their own stable ...