Decentralised finance — protocols, yields, hacks, and the platforms reshaping banking.
Why a DeFi platform ditched its consumer app to become the secret backend for tech giants
A major DeFi platform shifted strategy after revenue cratered during the bear market, abandoning its consumer-facing application to focus on infrastru…
Tokenized stock trading surged 288% in July, but one QQQ token drove most of it
Tokenized stock trading exploded in July with $2.9 billion in volume, a 288% jump from June. However, the surge masks heavy concentration risk. A sing…
Tether posts $1.5 billion operating profit in Q2 as reserve buffer falls by half
Tether reported a $1.5 billion operating profit for Q2 2024, driven by its core business of issuing USDT stablecoins. The company expanded its reserve…
Bank of Italy finds no consistent cost advantage for stablecoin remittances
The Bank of Italy released research concluding that stablecoin remittances lack consistent cost advantages over traditional payment methods. The findi…
Tether Reports $1.5B Q2 Profit as USDT Supply Grows, Gold Holdings Rise
Tether reported $1.5 billion in profit for Q2, with USDT supply expanding while the company simultaneously increased its gold holdings to over 146 met…
Robinhood posts record quarter, but crypto revenue slides 38%
Robinhood delivered record overall quarterly results while its crypto revenue engine sputtered, falling 38 percent year-over-year. The brokerage expan…
Uniswap founder rejects claims v4 fees reduce LP earnings
Hayden Adams, Uniswap founder, pushed back against criticism that the protocol's v4 fee structure cuts into liquidity provider earnings. Critics argue…
Tether signs tokenization deal with Nairobi Securities Exchange
Tether has signed a tokenization partnership with the Nairobi Securities Exchange (NSE), marking a strategic push into East African capital markets. T…
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DeFi context
Decentralised finance — protocols, yields, hacks, and the platforms reshaping banking.