DeFi News page 4

Bank reaffirms its $100 price target for Uniswap's UNI token following a reported $6.3 billion breach at Binance. Standard Chartered has told clients that a reported $6.3 billion hack affecting Binance could accelerate a shift toward decentralized exchanges.

Coinpedia (2026-10-29) and CoinTurk News EN give incompatible accounts of how the Binance hack happened, how much was lost, and how much was frozen. Coinpedia (2026-10-29) and CoinTurk News EN give incompatible accounts of how the Binance hack happened, how much was lost, and how much was frozen.

Citation Needed reports a potential breach at the world's largest crypto exchange, with the scale of losses still unclear. Citation Needed reported on October 29 that an attacker made off with up to $3 billion from Binance, the world's largest cryptocurrency exchange by trading volume.

Developers moved quickly to fix a vulnerability capable of diverting ETH rewards away from intended recipients. Ethereum client developers have issued patches to close a vulnerability that could have allowed ETH staking rewards to be redirected away from their rightful recipients. The issue was reported by CryptoBriefing and crypto.news on October 29, 2026.

The payments giant also expanded its stablecoin-linked card programs past 225 as institutional use of digital dollars accelerates. Visa has reported a sharp rise in stablecoin activity across its payment network. The company's annualized stablecoin settlement run rate has surpassed $25 billion, according to figures shared this week.

The exchange's move comes as Moody's assigns RLUSD an investment-grade rating Coinbase has begun supporting Ripple's RLUSD stablecoin across its platforms, according to Crypto News Australia. The addition gives users on one of the largest U.S. exchanges direct access to the token for trading and settlement.

Ripple's dollar-pegged token earns a milestone credit assessment, prompting fresh questions about XRP's price trajectory. Ripple's stablecoin, RLUSD, has reportedly earned an investment-grade rating from Moody's, making it the first stablecoin to receive such a designation.

The move folds regulated event contracts into a crypto wallet, underscoring a shift toward all-in-one finance apps. Phantom, one of the most widely used crypto wallets, has added prediction markets powered by Kalshi for its US-based users. The feature lets users trade event contracts on Kalshi's regulated platform without leaving the Phantom app.

Political spending by crypto groups has reached $176 million ahead of the midterms, as the industry pushes for passage of the CLARITY Act. Crypto industry groups have committed approximately $176 million to US midterm election efforts, according to figures reported by UNLOCK Blockchain and crypto.news.

The network logged a 173% jump in new contracts even as active addresses declined over the same period. BNB Chain's smart contract deployments climbed to 12.3 million in the third quarter of 2026. That figure represents a 173% increase, effectively tripling the pace of new contracts launched on the network compared with the previous period.

Ripple confirms the rating as the stablecoin market faces growing scrutiny over credit quality and reserve backing. Moody’s has assigned an A2 rating to RLUSD, the dollar-pegged stablecoin issued by Ripple. The company announced the rating itself, presenting it as external confirmation of the token’s credit quality.

The partnership will bring RLUSD to Bitstamp and the Robinhood app while opening the stablecoin to institutional settlement. Ripple and Robinhood are broadening their collaboration around RLUSD, Ripple's U.S. dollar stablecoin, according to reports from BlockchainReporter, CoinTurk News, BitKE, and Fintech News Singapore.

Three pairs of outlets covering the same event give conflicting numbers, and no primary document is in hand to settle any of them. Three pairs of outlets covering the same event give conflicting numbers, and no primary document is in hand to settle any of them.

New polling data shows a 22-point gap between general support for financial innovation and support for cryptocurrency. A recently published survey has found that American support for financial innovation in general significantly outpaces support for cryptocurrency as a specific category. The gap between the two measures was reported at 22 percentage points, according to crypto.news.

The regulator wants smaller lenders to prepare stablecoin applications ahead of a formal filing window. The Office of the Comptroller of the Currency is encouraging community banks to consider becoming stablecoin issuers. The push comes under the GENIUS Act, the federal law that created a formal regulatory framework for dollar-pegged digital tokens.

The gold-backed token will use Chainlink's interoperability protocol to move across multiple blockchains The Hong Kong Gold Exchange has connected its XGZ gold-backed token to Chainlink's Cross-Chain Interoperability Protocol, known as CCIP. The integration allows XGZ to transfer across different blockchain networks using Chainlink's infrastructure rather than a single proprietary bridge.

The asset manager joins a Japan-based initiative connecting tokenized money market funds with the JPYSC stablecoin. BlackRock has entered into a collaboration with SBI Holdings and Startale focused on connecting tokenized money market funds with JPYSC, a yen-pegged stablecoin, according to reports from CoinGape and Bitcoin.com News.

The bank's analysts say the rise of autonomous AI payment agents could pressure the stablecoin issuer's core business model. Mizuho has told clients that Circle could face a revenue risk of up to 20% tied to the growth of AI agents operating in payments and commerce.