Decentralized finance: lending, DEXs, stablecoins, yield, and liquidity. 435 stories curated by CryptoCatalyst.
The UK government will no longer treat moving crypto into DeFi lending protocols or liquidity pools as a taxable event. This change defers capital gains tax until users actually cash out their holdings. The new rule is set to take effect in the 2026-2027 tax year, starting April 2027.
The UK's HMRC has adopted a 'no gain, no loss' tax treatment for certain crypto loans and liquidity pool transactions, deferring capital gains tax (CGT) until economic disposal.
Japan’s largest card network, JCB, has signed a memorandum of understanding with Circle to explore using USDC for cross-border payments and merchant transactions. The partnership could bring stablecoin payments to 40 million merchants as Japan ramps up efforts to integrate stablecoins into everyday commerce.
SBI Holdings and the Solana Foundation are collaborating to create an onchain financial market, with SBI R3 rebranding to SBI Solana Global. This partnership aims to leverage Solana's blockchain technology for financial services in Japan.
Hyperliquid's HIP-3 markets have surged to nearly 50% of the platform's perpetual trading volume, up from just 2% at the start of the year. This growth is driven by increasing interest in onchain stock trading.
Hyundai successfully used Tether's USDT stablecoin to settle a treasury transfer between its US and Mexican subsidiaries. This pilot highlights how major companies are exploring stablecoins for faster, cheaper international payments.
SBI Holdings, a major Japanese financial services firm, has partnered with the Solana Foundation to launch a new joint venture called SBI Solana Global. The initiative will focus on tokenizing assets and issuing stablecoins on the Solana network, marking a strategic pivot for SBI's blockchain efforts.
Bolivia is exploring the integration of Tether's USDT stablecoin into its national payments system. This move comes after crypto transaction volumes surged to $430 million in the year following the central bank's removal of restrictions in mid-2024.
SBI VC Trade will start offering a yen-backed stablecoin lending service on July 16, with a 3% annual yield for a 12-week term. The service is uninsured, meaning users bear the risk of potential losses.
Robinhood's new blockchain network has quickly become one of the top five by decentralized exchange (DEX) volume, indicating strong early demand for its tokenized asset platform, according to a report by Bernstein.
The total value of stablecoins has fallen by $10 billion since May, with a $7.7 billion drop in June alone. However, one analyst believes this is just a temporary dip and stablecoins will continue growing in the long term.
A Hedera-based lending protocol, Bonzo Lend, was exploited for $9 million after a manipulated price update was accepted by Supra's verifier. A second wallet, claiming to be a white hat hacker, borrowed $1 million and promised to return the funds.
The IMF says dollar stablecoins can improve access to foreign currency but warns they may also make it easier for people to abandon local currencies during financial crises. This dual nature highlights both the benefits and risks of stablecoins in global finance.
Circle won final OCC approval to establish a national trust bank, allowing it to place USDC reserves under federal oversight and expanding its regulated digital asset custody business.
Circle, the issuer of the USDC stablecoin, has received final approval from the OCC to open a national trust bank. The bank will initially focus on custody and other trust services, with USDC reserve management planned for a later phase.
Lending protocol Bonzo Lend lost $9.05 million after an attacker exploited a verification flaw in a third-party Supra oracle contract on the Hedera network. The incident highlights the risks of relying on external data providers in decentralized finance.
Bonzo Lend lost $9 million after an attacker manipulated the value of SAUCE collateral using a flaw in Supra's on-chain oracle verifier. The exploit highlights ongoing risks in decentralized finance (DeFi) platforms.
Circle secured final OCC approval to establish a national trust bank, shifting its $73.2 billion stablecoin to a unified federal framework.
Hyundai has become the first major South Korean company to introduce stablecoin transfers for its internal operations, aiming to streamline cross-border payments. This move highlights a growing trend among corporations exploring stablecoins for more efficient financial operations.
Circle, the issuer of USDC, has been granted final approval for a national trust bank charter by the OCC. This charter will initially serve Circle and its affiliates, with potential future expansion into institutional custody services.
DeFi tokens have shown unusual resilience, outperforming Bitcoin in a downturn. Bitwise notes this is rare, as DeFi typically sees more extreme price swings. The sector's stability suggests a potential re-rating in its value.
CRYL, a Japanese financial services firm, is now offering loans backed by Bitcoin, allowing individuals and businesses to borrow up to $6.2 million. This marks a significant step in integrating Bitcoin into traditional lending markets in Japan.
Circle, the issuer of the stablecoin USDC, has received approval to operate as a trust bank in the U.S., adding to a growing list of crypto firms seeking federal banking licenses as the industry moves into the regulated financial system.
Aave has introduced Stable Vaults, allowing fintech companies to offer yield on stablecoin deposits. This move aims to attract financial services like wallets and payment apps to the DeFi ecosystem.