JPMorgan Tells Wall Street DeFi Is Too Broken to Touch
Wall Street's most powerful bank just told institutions to stay out of DeFi, and the numbers say they already were.
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Wall Street's most powerful bank just told institutions to stay out of DeFi, and the numbers say they already were.
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Fear is a floor, not a ceiling, and Bitcoin just found its footing. Bitcoin's sentiment metrics hit a 3-month high while holding $77K, though the Crypto Fear & Greed Index remains stuck in "Fear" territory since January 18.
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The money that backed Coinbase when it was still a scrappy bet is back in the market, and it's hunting at both ends of the risk curve. Blockchain Capital is raising $700 million across two funds: its seventh early-stage fund and second growth fund, targeting completion in five to six months.
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Bitcoin kissed $80,000 and then flinched, dragging the entire crypto market into profit-taking mode while investors wonder if a Fed chair nominee just moved the goalposts.
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A nation-state just walked off with $292 million through a DeFi bridge, triggered $10 billion in panic withdrawals, and forced a Layer 2 to freeze assets for the first time in its history.
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DoorDash just turned 3 million gig workers into the frontline of stablecoin adoption, and none of them will notice. DoorDash is deploying stablecoin payouts to Dashers through Tempo, a Stripe-backed blockchain network designed for enterprise payment flows.
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DeFi just lost $13 billion in TVL in 48 hours, and it wasn't a market crash. Volo Protocol lost $3.5 million across three vaults holding WBTC, XAUm, and USDC, days after the KelpDAO breach triggered a sector-wide cascade
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A $8.1 billion corporate spend unicorn just made stablecoins feel like regular money. Ramp rolled out zero-fee conversions between USDT and dollars across its entire corporate card and spend management platform
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The first lawsuit between a crypto billionaire and a sitting president's token project just landed, and it's about to stress-test how much regulatory theater we're willing to tolerate in Web3.
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A $3.5 million exploit just proved that liquid staking protocols are still the soft underbelly of crypto infrastructure. Volo Protocol, a Sui-based liquid staking platform, lost roughly $3.5 million from its WBTC, XAUm, and USDC vaults in an exploit
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DoorDash just made stablecoins useful for something other than trading jpegs. DoorDash partnered with Tempo blockchain to integrate stablecoin-powered payment infrastructure, alongside Stripe, Paradigm, Coastal Bank, and ARQ
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Prediction markets are worth billions, but the crypto one just got a $7 billion haircut. Polymarket is raising $400 million at a $15 billion valuation, a steep discount to rival Kalshi's $22 billion mark
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Self-custody wallets just got serious about derivatives, and the timing tells you everything about where regulation is heading. Blockchain.com integrated Hyperliquid to bring perpetual futures trading directly into its DeFi wallet, covering 190+ crypto markets with no custodial handoff.
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Crypto exchanges just turned private equity into a tradable asset class with leverage, and SpaceX is the guinea pig. BTCC launched SPACEXUSDT perpetual futures with 50x leverage, while Bitget opened IPO Prime with Republic to offer Solana-based tokens tied to pre-IPO companies
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One in three European investors will leave their bank if a competitor offers better crypto access, and traditional institutions just realized they're in a retention war they didn't see coming.
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DoorDash just made stablecoins boring, which means they finally matter. DoorDash is rolling out stablecoin payouts to drivers globally through Tempo, a blockchain payments network backed by Stripe Stripe, Coastal Bank, and ARQ are also deploying stablecoin payment flows on Tempo alongside DoorDash
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The UK just stopped treating stablecoins like experimental tech and started treating them like pounds. HM Treasury proposed unifying UK payments rules to cover traditional payment services, stablecoins, and tokenized deposits under one framework during London's Fintech Week.
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Twelve European banks just decided the dollar's reign over crypto rails needs competition. The Qivalis consortium, backed by BBVA, BNP Paribas, ING, UniCredit and eight other major European banks, is launching a euro-denominated stablecoin with Fireblocks handling custody infrastructure
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A Korean software giant just turned 20 tons of physical gold into digital tokens, and it's about to make buying gold as easy as sending a text message.
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A $292 million exploit just proved that DeFi's composability is also its kill switch—and one wallet got out with $274 million before everyone else could. A KelpDAO bridge exploit drained $292M in rsETH, creating $200M in bad debt on AAVE's wETH pool when the token went to zero
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