DeFi News page 12

New estimates suggest tens of billions of dollars in stablecoin activity persist inside China despite a years-long prohibition on crypto trading. China banned cryptocurrency trading and mining years ago, framing the move as a defense of financial stability and capital controls.

The crypto custody bank adds USD and SWIFT access for institutional clients as part of a broader international expansion Anchorage Digital has broadened its institutional offering through a tie-up with Standard Chartered, according to reports from Finextra Blockchain and Crypto Economy.

A year after setting an all-time high, bitcoin's drawdown looks modest by the asset's historical standards. Bitcoin is trading about 32% below the all-time high of $126,000 it reached a year ago, according to CoinDesk and CryptoBriefing. That implies a current price near $85,700, based on the reported percentage decline from the record.

Ripple names Turkey a priority digital assets hub, pointing to Garanti BBVA custody work and its RLUSD stablecoin rails Ripple has singled out Turkey as a priority market for its digital assets business, according to reporting from Bitcoin.com News and CoinGape.

The new OKX Money app lets users convert roughly 50 currencies into stablecoins and earn yield on their holdings. OKX has rolled out a new consumer application called OKX Money, aimed squarely at users in emerging economies. The app lets customers convert roughly 50 national currencies into stablecoins, according to reporting from BlockchainReporter.

The new wallet positions stablecoins as the default asset rather than an afterthought in crypto storage. Changer+ has introduced a self-custodial wallet built with stablecoins as its primary focus. The company says the product is meant to make stablecoins easier to use for everyday transactions and storage.

Analysts say a large direct payment to Americans could send fresh capital rushing into digital asset markets. President Donald Trump's pledge to send a $5,000 payout to Americans has become a talking point among crypto market watchers.

City regulators are drafting legislation set for 2026 that would extend licensing requirements beyond existing exchange rules. Hong Kong authorities are drafting legislation that would introduce licensing requirements across four categories of crypto-related services. The bill is reportedly planned for 2026, according to crypto.news and UNLOCK Blockchain.

Metaplanet's borrowing cap and Hyperliquid's Bloomberg listing are established; the other five items this desk carried today still rest on two-outlet corroboration. Metaplanet's borrowing cap and Hyperliquid's Bloomberg listing are established; the other five items this desk carried today still rest on two-outlet corroboration.

The decentralized exchange has begun routing reserve yield into repurchases of its native HYPE token. Hyperliquid has taken delivery of its first USDC allocation meant for buying back HYPE, its native token. The exchange processed the transfer through a protocol referred to as AQAv2, according to reports from multiple crypto news outlets.

The trading platform is reportedly steering European users toward euro-denominated stablecoins over dollar-pegged alternatives. eToro has become the latest trading platform reported to be nudging its European customers toward euro-denominated stablecoins. According to Finance Magnates Crypto, the company joins a growing list of exchanges and brokers across the continent making similar moves.

CryptoBriefing and crypto.news both cover S&P's new Vault Risk Assessment launch but disagree on how many risk factors the framework actually evaluates. CryptoBriefing and crypto.news both cover S&P's new Vault Risk Assessment launch but disagree on how many risk factors the framework actually evaluates.

The crypto exchange seeks regulatory clearance to bring blockchain-based equity products to American investors. OKX has filed paperwork with the US Securities and Exchange Commission, according to reports from CryptoBriefing and Coinfomania. The filing seeks approval to launch tokenized-stock trading for customers in the United States.

CryptoBriefing says ETH liquidity has slipped under 50% of BTC's level, raising questions about trading depth. Ethereum's liquidity has fallen below half of Bitcoin's, according to a report from CryptoBriefing. The outlet's data suggests a growing divergence in how easily each asset can be traded at scale without moving its price.

Cointelegraph and CryptoBriefing agree Greenfield Capital filed a Swiss regulatory complaint over Safe's governance, but their reported dollar figures for value held in Safe accounts differ by a factor of ten. Cointelegraph and CryptoBriefing agree Greenfield Capital filed a Swiss regulatory complaint over Safe's governance, but their reported dollar figures for value held in Safe…

BlockchainReporter and CryptoSlate agree zkAPI launched on mainnet Oct. 1 but disagree on what asset the vault contract actually holds. BlockchainReporter and CryptoSlate agree zkAPI launched on mainnet Oct. 1 but disagree on what asset the vault contract actually holds.

A long-awaited recovery process for users affected by the Drift exploit has opened, but initial payouts cover only a fraction of losses. Users who lost funds in a hack affecting the Drift protocol are finally beginning to see some money returned, according to reports from Bitcoin.com News and CryptoSlate.

CryptoBriefing and Coinfomania both report OUSD led stablecoin market cap growth over the same week, but cite different dollar figures for the increase. CryptoBriefing and Coinfomania both report OUSD led stablecoin market cap growth over the same week, but cite different dollar figures for the increase.