DeFi News page 9

The new application layer aims to let Dogecoin miners eventually secure smart contracts built on top of the network. DogeOS has opened its testnet to the public, introducing an Ethereum Virtual Machine-compatible application layer built on top of Dogecoin.

Crypto Economy and TronWeekly both quote Bitwise CIO Matt Hougan on the Clarity Act's Senate setback but report different Bitcoin and Ether price gains for the same post-vote period. Crypto Economy and TronWeekly both quote Bitwise CIO Matt Hougan on the Clarity Act's Senate setback but report different Bitcoin and Ether price gains…

The EU securities regulator wants gateways that connect users to decentralized finance protocols to face new compliance rules. The European Securities and Markets Authority has floated a plan to regulate so-called DeFi access points under the Markets in Crypto-Assets regulation, according to reports from Cryptopolitan and UNLOCK Blockchain.

The wallet provider is unwinding validator positions following a security incident, raising questions about where the staked ETH will go next. MetaMask Staking is in the process of exiting Ethereum validators connected to its service, according to reports published this week.

The exchange reports growing Bitcoin and Ethereum holdings even as USDT reserves fall 11%. Bybit has released its 40th proof-of-reserves report, marking another milestone in the exchange's ongoing transparency effort. The report shows total covered assets reaching $19.6 billion, according to figures disclosed by the exchange.

RippleX has submitted a new lending protocol amendment to the XRPL validator community for consideration. The XRP Ledger's validator network is now weighing a new lending protocol amendment, according to reporting from CoinGape, U.Today, and Crypto Economy.

The wallet provider pulled its validator positions from Lido as it investigates what happened. MetaMask Staking has exited its validator positions on the Lido protocol following a security incident, according to separate reports from CryptoBriefing and Cointelegraph. Both outlets describe the move as a direct response to the incident, with MetaMask now investigating what occurred.

The bank's research division becomes one of the first major traditional finance institutions to publish a long-term price target on the Ethena token. Standard Chartered has started research coverage of Ethena, according to reports from CryptoBriefing and crypto.news.

AllUnity brings a euro-area-regulated dollar token to a market long dominated by Tether and Circle. AllUnity has introduced USDAU, a dollar-backed stablecoin built to meet the European Union's Markets in Crypto-Assets framework, according to reporting from Cointelegraph and crypto.news. The launch adds a new entrant to a stablecoin market still dominated by non-European issuers.

The bank ties the rollout to survey data showing strong Hong Kong customer familiarity with stablecoin use cases. HSBC has reported the launch of a stablecoin called RedCoin, designed for peer-to-peer payments. The rollout is set for Hong Kong, according to reporting on the announcement.

What circulated instead were a reported funding round, a payments integration and a securities-depository partnership, each resting on a different weight of sourcing than the day's rhetoric suggests. What circulated instead were a reported funding round, a payments integration and a securities-depository partnership, each resting on a different weight of sourcing than the day's rhetoric…

The Taiwanese platform now lets users convert Tether's stablecoin on the Aptos network directly into New Taiwan Dollars. MAX Exchange has enabled native support for Tether's USDT stablecoin on the Aptos blockchain, according to reports from CryptoBriefing and The Cryptonomist. The Taiwan-based exchange now allows direct conversion between Aptos-native USDT and the New Taiwan Dollar.

The new fund includes staking rewards and comes with a long-term 2030 price projection from Bitwise. Bitwise has introduced the first U.S. spot exchange-traded fund built around NEAR Protocol's native token, according to reporting from TronWeekly, BeInCrypto, and Crypto News Australia.

State regulators outline how digital asset trades, decentralized finance activity, and stablecoin transfers would be treated under tax law. Illinois officials have drafted rules intended to bring cryptocurrency transactions under the state’s tax framework. CryptoBriefing reported the development, describing it as an effort to formalize how digital asset activity should be taxed within the state.

The integration lets travelers convert stablecoin holdings into everyday purchases across Japan's merchant network Binance Pay has integrated with PayPay, allowing users to spend USDT directly at merchants across Japan that accept the payment app.

The stories that moved while US desks slept split cleanly by evidence quality, and the ones with the most independent confirmation are about settlement rails, not Ethereum's next number. The stories that moved while US desks slept split cleanly by evidence quality, and the ones with the most independent confirmation are about settlement rails, not…

The Central American nation partners with Coinbase's payment infrastructure to move money home for a flat $2 fee. El Salvador has introduced a remittance application that settles transactions in stablecoins for a flat fee of $2, according to reporting from Unchained.

Of today's seven notable claims, only three were verified by separate reporting chains; the rest depend on a single accuser, a single estimate, or a single leaked filing. Of today's seven notable claims, only three were verified by separate reporting chains; the rest depend on a single accuser, a single estimate, or a single leaked…