Crypto industry calls on Congress to block new DeFi broker rules
The new IRS rules classifying DeFi protocols as brokers have triggered a swift backlash in the crypto industry, with calls for Congress to overturn the rules. Go to Source
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Metamask Rolls Out Gas Station Feature Aimed at Enhancing Defi Transactions
Metamask, a prominent Web3 wallet, has launched its Gas Station feature, which aims to alleviate users’ challenges with transaction fees on the Ethereum mainnet. Web3 Wallet Metamask Tackles Gas Fee Challenges The new feature, integrated into Metamask’s Smart Transactions with Swaps, provides gas-included transaction quotes. This enhancement addresses a common hurdle for users who run … Read more
Buterin adopts Moo Deng, Christmas wishes of a lost $773M BTC wallet — Finance Redefined
Howells told Cointelegraph about his legal battle to recover a lost $773 million Bitcoin hard drive, which he plans to use to finance blockchain innovation. Go to Source
IRS issues rules on digital asset reporting, says front-ends are brokers
The final regulation treats DeFi front-ends as brokers, demanding the disclosure of gross proceeds from sales of digital assets. Go to Source
Defi Doesn’t Sleep—Mystery Whale Dumps 125,000 ETH Into Aave on Christmas Day
The Head of Research at Intotheblock.com revealed that on Christmas Day, someone stashed 125,000 ETH into the decentralized finance (defi) platform Aave. The platform has been buzzing with activity throughout the last quarter of the year. $417 Million in Ether Stashed in Aave on Christmas On Dec. 25, amidst the holiday festivities, someone using an … Read more
What’s next for DeFi in 2025?
Industry executives say Bitcoin staking, tokenized RWAs and AI agents will reshape the cryptocurrency ecosystem. Go to Source
PancakeSwap closes record $310B year, up 179% driven by L2, DeFi growth
PancakeSwap’s 2024 trading volume surged to $310 billion, driven by DeFi growth, layer-2 adoption and user-focused upgrades. Go to Source
Aave mulls Chainlink integration to return MEV fees to users
The DeFi protocol aims to capture around 40% of MEV profits from adding Chainlink’s new oracle service. Go to Source
Unichain Roadmap to Mainnet Unveiled: Permissionless Fault Proofs on Day One
Uniswap’s Unichain developers revealed the official roadmap for Unichain’s transition to a public mainnet, emphasizing decentralization and strong fault tolerance. Developers Announce Unichain Public Mainnet Launch Strategy According to blog post published by the team of programmers, since the launch of Unichain Sepolia testnet in October, the network has facilitated 50 million test transactions and … Read more
USDX built to support DeFi ecosystem growth: Hex Trust CEO
USDX by Hex Trust integrates DeFi with Flare Network, offering 1:1 USD backing, yield generation and crosschain capabilities. Go to Source