DeFi

DeFi

Finance

Kraken in talks to buy 15% stake in DeFi lender Aave at $385 million valuation

The DeFi lender is rebuilding after the fallout from April's KelpDAO exploit sparked a multibillion-dollar exodus of deposits despite Aave itself not being hacked.

Kraken Co-CEO Arjun Sethi at the Securities and Exchange Commission (Jesse Hamilton/CoinDesk)

Finance

Uniswap, Spark aim to build stablecoin FX market as banks, fintechs enter the industry

The protocols are building shared liquidity and trading infrastructure for a future with hundreds of competing digital currencies on blockchain rails.

Uniswap logo on phone (appshunter.io/Unsplash)

Markets

Aave could soar to $3,500 by 2030 on DeFi revival, says StanChart

Geoff Kendrick said Aave has moved past April's cyberattack-related market disruption and is well positioned to benefit from growth in tokenized assets and DeFi.

Stani Kulechov, Aave Labs (Olivier Acuna/CoinDesk)

Policy

Malta's financial regulator explores bringing parts of DeFi under MiCA's orbit

The MFSA is seeking feedback on whether decentralization should be assessed as a spectrum rather than a binary concept.

Malta. Credit: Shutterstock

Tech

Bitcoin layer-2s face a bear-market reality check

Botanix's shutdown has raised an uncomfortable question for Bitcoin builders: Does the market actually want programmable BTC, or just a better way to borrow, lend and earn yield on it?

Bitcoin Logo

Markets

Hyperliquid, Uniswap and Worldcoin buck crypto slump as traders chase AI, DeFi trends

A handful of tokens continued their run while bitcoin and the rest of the crypto market stalled after the early week bounce.

(Keenan Constance/Unsplash)

Tech

Crypto’s next billion-dollar hacker may move at superhuman speed

Anthropic’s new Claude Fable 5 puts powerful cyber tools behind safety filters. DeFi, already hit by more than $840 million in hacks this year, is one of the industries with the most to lose if the filters fail.

Montage of a padlock outline superimposed over the face of a dark, hooded figure.

Tech

A 'Bitcoin DeFi' project just shut down with a brutal post-mortem: Users just didn't care

"It did not work," Botanix said. "At least not in this market and not in this timeline."

Closed sign (Tim Mossholder/Unsplashed, modified by CoinDesk)

Finance

Ethena lands Janus Henderson backing as asset manager invests in ENA, eyes USDe distribution

The deal underscores the trend of traditional asset managers backing DeFi infrastructure, following BlackRock's Uniswap and Apollo's Morpho investments.

Guy Young

Finance

Aave chief defends protocol's 'resilience' after $8.45 billion bank run

The founder of the largest DeFi platform blamed "third-party” entities for decentralized finance’s vulnerabilities, while independent data highlights severe gaps in Aave’s own risk architecture.

Stani Kulechov, Aave Labs (Olivier Acuna/CoinDesk)