defi

Liquid Capital founder Jack Yi posted on the X platform, stating that once again, in line with expectations, after the Federal Reserve's interest rate hike, Bitcoin briefly dropped below $76,000 but continued to rise after fluctuations. He repeatedly reminded that during a bull market trend, one should not short, and various factors will influence the process; one must not easily exit until the end of the bull market.Next, in line with the bull market, asset explosions, especially trading infrastructure and on-chain finance, are essential. During this cycle, try not to chase narrative projects and follower projects.

According to DeFi Llama data, the market capitalization of stablecoins on the Base network has surpassed 5 billion dollars.

Polymarket announced the hiring of former Zora CEO Jacob Horne to lead product efforts, focusing on its DeFi business. Polymarket CEO Shayne Coplan acknowledged that as the company scales, the performance of its on-chain products has "declined," with some long-term users believing that Polymarket has shifted its focus to the U.S. market. Coplan stated that the company is working to unify its products but did not disclose a specific launch timeline, nor did he mention adjustments regarding fees, liquidity, or routing.Polymarket plans to hold a DeFi community meeting "soon" to gather feedback and announce a roadmap; in the meantime, users can provide feedback directly to Horne or Coplan. This appointment gives Horne broad product responsibilities rather than a specific engineering role. An earlier diagnosis came from Polymarket DeFi Engineering Vice President Josh Stevens, who noted on August 31 that the existing Central Limit Order Book (CLOB) is "full of technical debt." Although the team has scaled it tenfold and increased speed threefold, the underlying architecture still has flaws, and fixing one issue may trigger another.Stevens stated that the existing codebase is "unsalvageable in the long run," and the matching engine is being rewritten from scratch in Rust, with the goal of completing it in the latter half of the fourth quarter. Early benchmarks show that the new system's p99 latency is 10 to 20 times faster than the current system, capable of processing 200,000 orders per second, approximately 15 times the existing capacity.

BitcoinTreasuries.NET posted on platform X that DFDV rose over 10% to $5 on the same day. DeFi Development Corp CEO Joseph Onorati stated that his team closely observed the development of STRC and SATA by Strategy and Strive; the newly launched Solana-supported preferred stock CHAD by DeFi Development Corp drew on the experiences of both.

Commissioner Hester M. Peirce of the U.S. Securities and Exchange Commission (SEC) made a statement regarding the committee's approval of the "innovation exemption."This exemption is a temporary, conditional arrangement that allows "tokenized securities venues" (TSV) to trade NMS "National Market System" stocks on-chain: TSV provides automated market maker liquidity pools and sets participant admission standards, and is exempt from the definition of "exchange" under the Securities Exchange Act; specific suppliers providing liquidity to TSV are exempt from the definition of "dealer." If issuers do not wish for their stocks to trade on TSV, they can choose to opt-out. The exemption is aimed at U.S. entities, and both existing institutions and new entrants can participate.Peirce emphasized that the committee does not presuppose that parties relying on this exemption necessarily fall under the definitions of "exchange" or "dealer," but rather hopes to first observe who is using it and how it is being used before making regulatory judgments.Peirce clearly delineated the boundaries of this order: it is not about decentralized finance. Systems that are driven by automated software and are truly decentralized do not raise fundamental concerns of securities regulation, namely that intermediaries trusted by investors may be foolish, careless, or compromised; investors using permissionless smart contracts for peer-to-peer transactions do not fundamentally require an exemption. TSV is merely one model of on-chain securities trading, and the committee is open to other models, as on-chain trading models that can comply with existing Securities Exchange Act requirements may not require an exemption at all.

According to official news, the Arc public chain has now integrated with Binance Wallet DeFi, allowing users to provide liquidity for designated liquidity pools on Arc through the Binance App and manage LP positions uniformly within the wallet.

Aave founder Stani Kulechov stated that after the Clarity Act failed to advance in the Senate, DeFi may need to take the "Uber path."The idea is to build products for millions of users, demonstrate the value of the technology, and make it so important that legislators have to find a way to regulate it.

According to The Block, the UK Treasury has submitted amendments to cryptocurrency regulations, including exemptions for certain stablecoin transactions, custody arrangements, and technical services related to DeFi protocols, which require parliamentary approval.Katie Harries, Coinbase's Head of European Policy, welcomed these changes but noted that regulated exchanges still face barriers in seeking access to DeFi.

Phemex CEO Federico Variola stated in Cointelegraph's Chain Reaction program that AI has a "net negative impact" on the cryptocurrency industry. He believes that AI diverts funds from the crypto sector on one hand, while on the other hand, it empowers attackers to exploit protocols through means such as social engineering or vulnerability exploitation, increasing cybersecurity costs for small teams. This pressure may push the crypto industry towards greater centralization.Variola expressed that it is difficult to maintain an optimistic view of AI in the crypto space, as many so-called fixes actually encourage more rather than less centralization. He also warned that as AI becomes more widespread, threats such as device breaches or social engineering will increase, reducing the appeal of DeFi to ordinary retail users. However, he acknowledged that AI agents have practical value in helping investors build portfolios or make better trading decisions, but he expects that AI agents will not completely replace human trading decisions.The context of this statement is that Phemex announced an AI transformation in February this year, planning to integrate AI into product development and internal operations. Additionally, in July this year, attackers exploited a vulnerability in the Coldcard hardware wallet to steal approximately $116 million in Bitcoin, a vulnerability widely believed to have been discovered through malicious use of AI; Coinkite CEO Rodolfo Novak warned at the time that the speed at which AI-assisted code reviews find vulnerabilities has surpassed that of the industry's most experienced experts. CertiK senior blockchain investigator Natalie Newson pointed out that AI can also become one of the greatest defensive forces.

According to The Defiant, Kraken has launched three xStocks vaults, allowing eligible customers to deposit SPYx, QQQx, and NVDAx into the vaults while earning floating returns while retaining exposure to tokenized stocks or ETFs. The vault initially shows an estimated net APY of 2% for SPYx and QQQx, and 1.8% for NVDAx. Kraken charges a 25% performance fee on vault earnings, and the displayed interest rate has already deducted this fee; rewards will be converted into the same type of xStock and automatically reinvested into the customer's balance.The strategy is designed by Sentora and is responsible for risk management, while Veda provides the vault infrastructure. After customers deposit xStock, Kraken transfers it to an embedded self-custody wallet on Ink, packages it, and deposits it into the Veda vault; Sentora then cross-chain transfers the packaged xStock to Solana and deposits it as collateral in the Kamino lending market. After borrowing stablecoins, it is deployed into selected DeFi strategies, and the returns are ultimately converted back into the deposited xStock. Customers do not need an external wallet or mnemonic phrase but can export the private key; redemption requires a three-day wait for funds to arrive.Kraken's documentation shows that the strategy uses leverage to generate returns by borrowing stablecoins and lists risks such as smart contracts, liquidity, bad debts, liquidation, cross-chain execution, and downstream assets, with losses shared proportionally among vault users. xStock holders do not have voting rights, dividend rights, or legal claims to the underlying stocks. The vault is currently available to the European Economic Area and other supported markets, while users from the United States, United Kingdom, Canada, Australia, the United Arab Emirates, and sanctioned countries cannot use it.

According to GlobeNewswire, Solana Treasury Company DeFi Development Corp. (Nasdaq: DFDV) has increased its total holdings of SOL by 55,491 coins since August 27, currently holding approximately 2,388,900 SOL and SOL equivalents, an increase of about 2%.At the same time, the company announced the establishment of a variable rate Series C perpetual preferred stock (Nasdaq: CHAD) ATM program with a cap of $300 million, with R.F. Lafferty & Co. serving as the exclusive sales agent. The issuance price is expected to be no less than $10 per share par value, and the net proceeds will primarily be used to increase SOL holdings.The company stated that the establishment of the CHAD ATM program does not represent an immediate initiation of financing, and the company is under no obligation to sell any shares.

MetaMask officially announced support for connecting to TRON decentralized applications, further opening up the multi-chain ecosystem entry. In the latest DApp Spotlight, several representative projects from the TRON ecosystem have been selected, covering three core areas: artificial intelligence, decentralized finance, and file storage, including the AI Agent infrastructure B.AI, the liquidity infrastructure platform SUN.io, the DeFi lending platform JustLend DAO, and the globally leading peer-to-peer file sharing protocol BitTorrent. Users can now conveniently access the above dApps through MetaMask, experiencing a one-stop service for AI, DeFi, and decentralized storage, among other multi-chain services. This integration not only enhances the openness and usability of the TRON ecosystem but also provides global users with a smoother multi-chain interaction experience, further improving the openness and usability of the TRON ecosystem.

Crypto In America host Eleanor Terrett stated on X that the Republican Party of the U.S. Senate has released an updated text of the Clarity bill, reflecting changes from negotiations during the August recess.She noted that the ethical provisions section appears unchanged, and the provisions related to BRCA and stablecoin earnings remain the same.Changes include: requiring non-decentralized DeFi protocols to register with the CFTC, which aligns with Section 10301 of the Banking Committee's part of the bill; limiting DeFi provisions to spot or cash digital commodity trading, seemingly aimed at addressing tribal concerns about blockchain-based prediction markets; and clarifying the authority of credit unions to handle crypto assets.