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Circle CEO Rebuts OUSD Pitch, Defends USDC's Network Effects After Stock Slide

DeFi The Defiant Explainers 2026-07-01 16:20

Jeremy Allaire argued that stablecoin networks are winner-take-most businesses built over years, two days after the launch of the 140-plus-firm Open U...

Ethereum Institutional Launches as Independent Nonprofit to Court Banks and Asset Managers

DeFi The Defiant Explainers 2026-07-01 16:00

A new nonprofit backed by BitMine, SharpLink and Joseph Lubin spins the Ethereum Foundation's institutional outreach work into an independent organiza...

New York Life Partners with Centrifuge on Tokenized Corporate Bonds

DeFi The Defiant Explainers 2026-07-01 14:40

New York Life Investment Management is tokenizing a high-yield corporate bond strategy for the first time, partnering with Centrifuge on the NYLIM Ane...

Lighter to Burn Repurchased LIT, Fund Staking from Ecosystem Reserve

DeFi The Defiant Explainers 2026-06-30 22:00

The perpetuals exchange will start burning the LIT it buys with revenue and tap its token reserve to keep staking yields flowing.

Machi Big Brother's Hyperliquid Losses Top $80M as He Sells Bored Apes for Margin

DeFi The Defiant Explainers 2026-06-30 21:40

The trader's latest Ethereum liquidation came without a fresh deposit to backstop it, a first in a months-long losing streak tracked onchain.

Phantom Hires Ventuals Founders After Hyperliquid Perps Venue Winds Down

DeFi The Defiant Explainers 2026-06-30 21:20

The Solana wallet is bringing on the three-person team behind a pre-IPO perpetuals platform, deepening its push into derivatives.

Securitize Shareholders Approve Merger, Paving Way for First Publicly Traded Tokenization Company

DeFi The Defiant Explainers 2026-06-30 19:00

Cantor Equity Partners II shareholders voted Monday to approve a business combination with Securitize, expected to close July 1 and list on the NYSE J...

Magic Eden, Founders Sued by $ME Buyers Over Broken 'Utility' Promises

DeFi The Defiant Explainers 2026-06-30 17:01

A nationwide class action in New York accuses the NFT marketplace and its four co-founders of marketing the token's use cases, then delaying or abando...

Open Standard Unveils Open USD, a Bank- and Tech-Backed Stablecoin Governed by Its Users

DeFi The Defiant Explainers 2026-06-30 15:20

A consortium of more than 140 financial and technology companies introduced Open USD, a dollar stablecoin whose reserve earnings and governance are de...

JPMorgan's Kinexys Blockchain Hits $4 Trillion, Adds Five APAC Currencies

DeFi The Defiant Explainers 2026-06-30 02:20

J.P. Morgan's Kinexys blockchain payments platform has processed more than $4 trillion in transactions since launch and expanded to eight currencies, ...

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