DeFi News page 5

Proposed framework would require full reserves and one-to-one redemption for stablecoin issuers operating in Canada Canada has launched a public comment process on new rules governing stablecoins, according to reports from Bitcoin.com News and BitKE.

Bloomberg reports the crypto payments firm is in early talks that could value the company near $5 billion RedotPay is reportedly exploring a confidential filing for a US initial public offering, with a target of submitting paperwork by year-end. Bloomberg first reported the development, and the story was subsequently relayed by Cointelegraph and crypto.news.

The three firms will explore connecting tokenized money market funds to Japan's JPYSC stablecoin as onchain finance gains traction in the country. BlackRock has entered into a memorandum of understanding with SBI Holdings and Startale, according to reports from The Block and CryptoBriefing.

Proposed framework would also require issuers to hold reserves inside Canadian banks Canadian regulators have published draft rules governing stablecoins that take a notably conservative stance compared to other major markets. The framework would ban issuers from paying yield to token holders, according to reporting from Cryptopolitan and Decrypt.

USDC accounted for most of the monthly decline, raising questions about available trading liquidity. The combined market value of major stablecoins fell by $12.7 billion over the past month, according to Bitcoin.com News. The decline touches a metric traders watch closely as a gauge of liquidity sitting on the sidelines of crypto markets.

India's largest crypto exchange says it will absorb the loss itself after Tether froze a portion of the stolen funds. CoinDCX, widely described as India’s largest cryptocurrency exchange, has confirmed a loss of $15.99 million connected to a compromised wallet.

The bank-backed venture is weighing a consumer stablecoin after HSBC debuted its RedCoin product. Anchorpoint, the digital asset venture led by Standard Chartered, has pushed back on expectations that it will quickly follow rivals into the retail stablecoin market. The company told reporters it is weighing the move carefully rather than racing to market.

The liquid staking protocol is testing larger validator balances with a 32 ETH operator bond requirement before any broader expansion. Lido has begun opening access to higher-balance Ethereum validators, according to reports from NewsBTC and CryptoSlate.

Of five overnight reports, only the CoinDCX reversal clears three independent publishers, and the reason is that it is the only one with a denial on record to contradict. Of five overnight reports, only the CoinDCX reversal clears three independent publishers, and the reason is that it is the only one with a denial…

The ZODL founder says the proposed Crosslink staking mechanism is 'not good for Zcash' and has paused its rollout. Josh Swihart, the founder of ZODL and a prominent contributor to the Zcash ecosystem, has paused development of the Crosslink staking upgrade for ZEC.

CryptoBriefing and Coinfomania agree on the $300M total and 2,451.5% growth in tokenized stock DeFi deposits, but disagree on which chain ranks third behind Solana and Robinhood Chain. CryptoBriefing and Coinfomania agree on the $300M total and 2,451.5% growth in tokenized stock DeFi deposits, but disagree on which chain ranks third behind Solana and Robinhood…

CryptoBriefing and Coinfomania both cite a $9.2 billion figure in reporting on the same Token Terminal data, but attribute it to different things. CryptoBriefing and Coinfomania both cite a $9.2 billion figure in reporting on the same Token Terminal data, but attribute it to different things.

The stablecoin issuer's open automation platform, known as MDK, is gaining industry support as AI tools enter Bitcoin data centers. Tether, the issuer of the USDT stablecoin, has announced that 15 Bitcoin mining companies are backing its automation toolkit known as MDK.

A single AI chipmaker's mega-round accounted for the vast majority of tracked crypto venture capital funding this week. Tenstorrent, an artificial intelligence chip design company, raised $1.5 billion in a funding round reported on October 24.

The BitMEX co-founder's on-chain token sale drew fast attention from scammers, according to one report. Arthur Hayes, the co-founder of derivatives exchange BitMEX and current chief investment officer at crypto investment firm Maelstrom, has sold approximately $22.28 million worth of digital assets.

CryptoBriefing and crypto.news give flatly incompatible accounts of a single court date, and nothing in the record settles which one is correct. CryptoBriefing and crypto.news give flatly incompatible accounts of a single court date, and nothing in the record settles which one is correct.

Israeli leadership is reportedly exploring blockchain-based financial infrastructure as a hedge against possible restrictions on banking access. Benjamin Netanyahu has directed Israeli officials to prepare a blockchain-based contingency plan, according to reports published this week.

The former BitMEX CEO's family office booked profits across three major token positions, according to on-chain data. Arthur Hayes, the former BitMEX chief executive and co-founder of the investment firm Maelstrom, has closed out a significant portion of his crypto holdings.