Pyth Network, a top oracle network, has expanded its reach within the decentralized finance market with a new feature dubbed Redemption Rate Feeds. Announced on Oct. 24, the redemption rate feeds, or RRF, provide real-time valuations for liquid staking tokens, restaking tokens, and yield-bearing stablecoins. With this feature, Pyth Network (PYTH) offers the broader DeFi
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Crypto industry participants and American lawmakers believe Gary Gensler should leave the Securities and Exchange Commission in 2025. Representative French Hill said the U.S. SEC should see new leadership next year, regardless of which party controls the White House. Hill and other Republican policymakers have frequently criticized Gensler for the SEC’s failures in recent years
Skyfire, a payments platform founded by former Ripple developers, raised $9.5 million in a seed funding round led by Coinbase Ventures and a16z’s Crypto Startup Accelerator. The company focuses on building a payment infrastructure designed for AI agents, which are software systems capable of making decisions and transacting autonomously, according to a company release. Skyfire’s
Cardano is set to unlock further liquidity for its decentralized finance ecosystem through a major integration with BitcoinOS, the smart contract layer on Bitcoin. According to an announcement on Oct. 24, Cardano (ADA) will tap into the $1.3 trillion Bitcoin (BTC) market by integrating BitcoinOS’ Grail Bridge, enabling zero-knowledge-powered interoperability between Cardano and Bitcoin. This
RARI Chain and Arbitrum are teaming up to launch DeFi Days — offering workshops, quests, and contests to help creators explore new crypto-earning opportunities. DeFi Days is an eight-week initiative designed to empower Web3 creators by offering new crypto-earning opportunities. This news comes from a press release shared with crypto.news. The campaign, which starts on
Ethereum derivatives volumes on the CME have plunged sharply following the launch of spot Ethereum ETFs, reflecting reduced institutional interest. Trading volumes for Ethereum derivatives on the CME exchange experienced a significant decline in August as Ethereum futures volume plummeted 28.7% to $14.8 billion, while options volume dropped 37.0% to $567 million, marking the lowest
AAVE, the native token of the decentralized lending platform Aave, has recently attracted attention from whales as its price surged by over 11% on Sep. 5. At the time of writing, Aave (AAVE) had climbed to become the 42nd largest cryptocurrency, up from its 47th position on August 20. The token’s market capitalization exceeded $1.98
Lobbying efforts by crypto companies have skyrocketed by 1,386% since 2017, reflecting the industry’s aggressive push to shape favorable regulations. As crypto becomes more integrated into the financial system, the stakes are higher than ever, driving companies to invest millions to ensure that the regulatory landscape aligns with their goals. Lobbying in the crypto industry
Following Binance and KuCoin, two more offshore cryptocurrency exchanges could receive the green light from India’s financial watchdog by March 2025. Sources familiar with the matter told a local media outlet that India’s Financial Intelligence Unit is reviewing registration requests from four off-shore exchanges. While the names of the platforms were not disclosed, the source
A newly evolved wallet drainer has unleashed a wave of scams targeting emerging blockchain ecosystems like TON and TRON, analysts say. Blockchain ecosystems like The Open Network and TRON seem to be under siege as the newly evolved AngelX wallet drainer unleashes a surge of scams, marking a significant escalation in cyber threats within the