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Senate Democrats have proposed a suite of DeFi regulations meant to combat illicit finance.Outraged crypto attorneys say the proposal is a nonstarter.The dustup threatens to derail negotiations over landmark crypto legislation.Senate Democrats’ opening gambit in negotiations over landmark crypto legislation has elicited a furious response from the crypto industry.The proposal would classify virtually every protocol in decentralised finance as a “digital asset intermediary” required to verify customer identities and adhere to anti-money laundering regulations.It would also require that websites offering access to DeFi protocols register as brokers and comply with a suite of new regulations, including customer protection standards, code…

The USDe synthetic dollar depegged on the Binance crypto exchange due to an internal oracle issue and not because of the underlying collateral, the Ethena protocol, or the token itself, according to Guy Young, the founder of Ethena Labs, the creator of USDe.USDe minting and redeeming worked “perfectly” during Friday’s flash crash, he claimed; $2 billion in USDe was redeemed during 24 hours across crypto exchanges, including Curve, Fluid, and Uniswap, with minimal price deviations of 30 basis points (BPS) or less, Young said.The price of USDe fell from about $1 to $0.65 on Binance during the crash because the…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Binance has announced its plans to compensate some users who lost funds during the market-wide crash on Friday, October 10. The world’s largest cryptocurrency exchange by trading volume acknowledged a price depeg incident, which led to forced liquidations for some traders. Affected Users To Receive Compensation In 3 Days: Binance In an October 11 post on the X platform, Binance co-founder and chief customer support officer Yi He confirmed that some users encountered issues with their transactions due to significant market fluctuations. While apologizing to customers, the…

Dubai, United Arab Emirates, October 11th, 2025, Chainwire According to CoinMarketCap data, Bitcoin fell 8.9% over the past week to $111,452.76, while Ethereum declined 16.4% to $3,770.65 and BNB dropped 6.8% to $1,093.59. The sell-off came after U.S. President Donald Trump announced additional tariffs on Chinese exports and software controls, triggering what Coinglass described as “the largest liquidation event in crypto history,” with over $19 billion in leveraged positions wiped out and more than 1.6 million traders liquidated. Pepeto (PEPETO) has now raised $6,996,954.27 in its presale, offering tokens at $0.000000158 each. Built on Ethereum, the project integrates zero-fee trading…

[PRESS RELEASE – Grand Cayman, Cayman Islands, October 10th, 2025] Following a $140 million private token sale and its Mainnet launch earlier this year, WAL provides the financial framework to support Walrus through staking, governance nodes, and payment for data management.  Walrus, the developer platform that enables users to control, verify, and monetize their data, today announced that WAL, the native token of the platform, is now available for trading on Binance Alpha and Binance Spot. The listing marks the latest milestone for Walrus, following its formal network launch earlier this year, notable product launches and technical upgrades, as well…

PANews reported on October 12 that Binance released the “Announcement on the Handling of the USDE, BNSOL and WBETH Depegging Incidents and Risk Control Optimization”, stating that Binance has completed a comprehensive review of the incident and will compensate all affected contract, leverage and loan users within 72 hours . The compensation will be automatically paid to the relevant user accounts. All affected futures, margin, and loan users holding USDE, BNSOL, and WBETH as collateral and affected by the depegging between 05:36 and 06:16 (GMT+8) on October 11, 2025 , will receive compensation for the difference. The specific amount will…

The spot Bitcoin ETFs (exchange-traded funds) have been in solid form over the past two weeks, laying a foundation for the strong price action experienced by the premier cryptocurrency recently. According to market data, the crypto-linked investment products opened the week with a daily inflow record of over $1.21 billion. As of this writing, with data from Friday’s trading session yet to be included, the US-based Bitcoin ETFs are currently on a nine-day streak of positive inflows. However, a focused look into the inflows trend shows that this data point doesn’t fully tell the story. Do Bitcoin ETFs’ Performance Depend…

AI agents, software systems that use AI to pursue goals and complete tasks on behalf of users, are proliferating. Think of them as digital assistants that can make decisions and take actions towards goals you set without needing step-by-step instructions — from GPT-powered calendar managers to trading bots, the number of use cases is expanding rapidly. As their role expands across the economy, we have to build the right infrastructure that will allow these agents to communicate, collaborate and trade with one another in an open marketplace.Big tech players like Google and AWS are building early marketplaces and commerce protocols,…

The NFT fantasy sports platform is switching from L2 StarkEx to Solana, promising faster, cheaper, and more open ways to trade player cards. Sorare, a blockchain-based fantasy sports game where fans can collect NFT player cards, is once again changing its home, this time migrating from StarkEx to Layer 1 chain Solana.In an announcement on Oct. 8, Sorare described the migration from StarkEx, an Ethereum Layer 2 scaling solution, as “more than a technical upgrade,” calling it a “step forward in our vision to become the most open and flexible platform for digital sports collectibles.”In its FAQ section for the…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Solana has displayed an impressive performance in the crypto market over the past three months, with its price seeing a sharp growth from around $160 to as high as $230. However, recent on-chain data shows a less optimistic picture underneath the surface. Solana Network Activity On The Decline In a Quicktake post on the CryptoQuant platform, pseudonymous analyst CryptoOnchain revealed that there has been an increasing negative divergence between Solana’s price and the number of active addresses working with its network. The online pundit’s report was based…