DeFi News page 6

The liquid restaking protocol halted redemptions while it works to correct exchange rates distorted by a compromised infrastructure key Swell Network has suspended withdrawals for two of its flagship liquid restaking tokens, swETH and rswETH, after discovering unbacked increases in their exchange rates.

A plaintiff identified as a former Circle engineer has filed suit alleging Emirati payments tied to Trump flowed through a $2 billion crypto deal. A Circle shareholder has filed a lawsuit against Donald Trump, alleging improper handling of a $2 billion crypto transaction connected to the United Arab Emirates.

A new report says Seoul will amend its foreign exchange rules to bring stablecoins under formal payment oversight South Korea is preparing to amend its foreign exchange law to regulate stablecoins as payment instruments, according to a report covered by The Block and CryptoBriefing.

The digital asset infrastructure firm pushed back on claims that Visa was in discussions to buy it for $2.5 billion. Fireblocks, a company that provides custody, wallet infrastructure and transfer technology for digital assets, has publicly denied reports of acquisition talks with Visa. The reports had put a potential deal value at approximately $2.5 billion.

The upgraded lending protocol opens its architecture to outside risk managers, starting with Sentora-curated markets. Aave, one of decentralized finance's largest lending protocols, has launched version 4 of its platform on Ethereum.

Bank Negara Malaysia and the Bank of Thailand add their weight to a Monetary Authority of Singapore-led effort on cross-border stablecoin infrastructure. Bank Negara Malaysia and the Bank of Thailand have formally joined BLOOM, a cross-border initiative originated by the Monetary Authority of Singapore.

The bank's first Hong Kong dollar stablecoin moves from pilot stage into retail payments through its PayMe app. HSBC has introduced RedCoin, a Hong Kong dollar stablecoin, to retail customers through its PayMe payment platform.

Developers postpone the testnet rollout of the Glamsterdam upgrade after reviewers warned of potential disruption to existing smart contracts. Ethereum's development community has delayed the testnet rollout of its Glamsterdam upgrade. The move followed warnings from security reviewers about potential risks to existing smart contracts, according to reporting from CoinDesk and CryptoBriefing.

The strongest-sourced overnight story is a protocol fix for Ethereum, and the rest is adoption plumbing and one unresolved breach. The strongest-sourced overnight story is a protocol fix for Ethereum, and the rest is adoption plumbing and one unresolved breach.

The stablecoin issuer is backing Peso's push to bring USDT-based payments to four Latin American markets. Tether has made an investment in Peso, a fintech company based in Bolivia, according to reports from crypto.news and NewsBTC.

The Solana-based memecoin platform says its new bridge cuts crosschain trading errors and speeds up transfers. Pump.fun has introduced Pump Bridge, a new infrastructure product designed to handle crosschain asset transfers directly within its own platform.

The foundation argues regulators should fix existing gaps in crypto rules rather than pull staking and decentralized finance under MiCA's scope. The Cardano Foundation has called on European Union officials to prioritize fixing existing flaws in the Markets in Crypto-Assets regulation.

The regulator is asking industry and public for input on how decentralized finance should fit into Britain's upcoming crypto framework. The UK Financial Conduct Authority has opened a public consultation on decentralized finance regulation. The move is part of broader preparations for a comprehensive crypto regulatory regime due to take effect in 2027.

The decentralized exchanges are combining operations in a bid to capture a larger share of on-chain trading volume. Aerodrome and Velodrome, two prominent decentralized exchange protocols, have announced a merger that will unify their operations under a single token called AERO.

BlockchainReporter and Crypto News Flash both cover the OCC's final GENIUS Act stablecoin rule but give different dates for the proposed rule that preceded it. BlockchainReporter and Crypto News Flash both cover the OCC's final GENIUS Act stablecoin rule but give different dates for the proposed rule that preceded it.

The attacker behind the Drift Protocol exploit has funneled a sizable Ether stash into the sanctioned mixing service, according to blockchain trackers. An attacker connected to a security breach at Drift Protocol has moved $109 million in Ether into Tornado Cash over the past two days.

Risk advisor LlamaRisk flags valuation and liquidity concerns as Aave considers accepting tokenized SpaceX equity as loan collateral. Aave, one of the largest decentralized lending protocols, is reviewing a proposal to accept tokenized SpaceX shares as collateral for loans.

The stablecoin issuer backs a company building payment infrastructure for autonomous AI agents. Tether has led a $15 million funding round for Mural, a startup building payment infrastructure for artificial intelligence agents. CoinDesk and crypto.news both reported the investment on October 21, 2026, describing Mural as an AI-focused payment company.