DeFi News page 18

The state-backed stablecoin drops its prior cross-chain protocol in favor of Chainlink following an audit of its infrastructure. Wyoming has completed a migration of its state-issued Frontier Stable Token to Chainlink’s Cross-Chain Interoperability Protocol, known as CCIP. The change was reported by CryptoBriefing and crypto.news on August 18 and 19, 2026, respectively.

The cross-chain protocol paused operations following reports of a breach worth an estimated $1.7 million. MAYAChain, a decentralized cross-chain liquidity network, halted operations on August 19 after suffering an exploit estimated at $1.7 million. The move was reported by Cointelegraph and crypto.news within roughly an hour of each other.

Read together, this week's filings show regulators writing crypto rules on their own paper, not waiting for a bill that is stuck in the Senate. Read together, this week's filings show regulators writing crypto rules on their own paper, not waiting for a bill that is stuck in the Senate.

The joint petition seeks a formal regulatory framework covering derivatives tied to private company valuations before they go public. The Hyperliquid Policy Center and trade[XYZ] have petitioned the U.S. Securities and Exchange Commission to create a formal framework for pre-IPO perpetual contracts.

The US accounting standard-setter has outlined conditions under which certain stablecoins could be classified as cash equivalents on corporate balance sheets. The Financial Accounting Standards Board, the body that sets US Generally Accepted Accounting Principles, has proposed new guidance addressing how stablecoins should be classified on corporate financial statements.

CryptoBriefing and Coinfomania both report $18.3M in SPYx deposits across DeFi, but they disagree sharply on how much of that sits on Morpho and which venue leads. CryptoBriefing and Coinfomania both report $18.3M in SPYx deposits across DeFi, but they disagree sharply on how much of that sits on Morpho and which venue leads.

CryptoBriefing and Coinfomania both report SPYb's $6.3M DeFi liquidity but disagree on whether the token has any trading volume. CryptoBriefing and Coinfomania both report SPYb's $6.3M DeFi liquidity but disagree on whether the token has any trading volume. What all sources agree on SPYb is a tokenized S&P 500 product issued by Binance bStocks.

AMBCrypto and CoinTurk News EN both cover the same whale wallet's ETH purchase but differ sharply on how much of the holding was actually staked. AMBCrypto and CoinTurk News EN both cover the same whale wallet's ETH purchase but differ sharply on how much of the holding was actually staked.

The initiative signals a fresh push to bring traditional finance players into Compound's lending markets. The Compound Foundation has announced approval of a $52 million program directed at institutional decentralized finance activity. Coinfomania and crypto.news both reported the development, framing it as a new institutional-focused initiative tied to the Compound protocol.

A political action committee funded by the two crypto firms spent heavily on a Florida congressional contest while campaign messaging largely avoided digital asset policy. A political action committee funded by Ripple and Coinbase has spent about $2 million on a congressional race in Florida, according to reports from Cointelegraph and CryptoBriefing.

Reports indicate holders will receive the token ahead of the network it is meant to power. Arthur Hayes, the former chief executive of derivatives exchange BitMEX, is again drawing attention in crypto circles. This time it concerns a new token tied to his name.

Total capital raised stayed roughly flat even as the number of funded deals declined, according to new data. Crypto fundraising totaled roughly $1.36 billion in July, according to data reported by Invezz and Cryptopolitan. The figure held near recent levels even as the number of individual deals declined during the month.

The exchange's new debit card supports more than 600 currencies as it pushes into everyday crypto spending in the American market. Kraken has introduced the Krak Card to customers in the United States, according to an announcement from the exchange.

MoonPay now lets US Cash App users buy a wider range of digital assets using Cash App Pay Cash App, the mobile payments platform owned by Block, is broadening its cryptocurrency offering. The change comes through a new partnership with MoonPay, a crypto payments infrastructure company.

The card network is searching for a replacement after rival Mastercard bought its stablecoin infrastructure partner BVNK. Visa is searching for a new stablecoin settlement partner following Mastercard's acquisition of BVNK, according to reports from CoinDesk and CryptoBriefing. BVNK had reportedly worked with Visa on stablecoin settlement infrastructure before Mastercard moved to acquire the company.

Hayden Adams argues automated market makers could handle the growing wave of tokenized stocks and real-world assets more efficiently than existing rails. Hayden Adams, the founder of decentralized exchange Uniswap, has publicly argued that automated market makers offer an efficient way to handle the expanding market for tokenized real-world assets.

Analysts weigh whether the pullback reflects healthier deleveraging or early signs of stress reminiscent of the 2022 credit collapse. The crypto lending market has fallen 17% to approximately $56 billion, according to figures reported by BeInCrypto and Yahoo Finance on August 18.

Regulators cite illegal gambling risk as the trigger for the move against the crypto-based platform. South Korean regulators have ordered a block on Polymarket, according to reports from crypto.news and Cointelegraph. The action stems from concerns that the platform's betting-style markets amount to illegal gambling under local law.