Curve founder Michael Egorov has proposed a market-based mechanism to recover DeFi bad debt by turning distressed positions into an investable product. The idea arrives as the Kelp DAO fallout…

The EU’s 20th sanctions package includes transaction bans on 20 Russian banks and four financial institutions in third countries linked to sanctions circumvention. For the first time, the bloc has…

Luxor has committed $100 million to buy MicroBT’s WhatsMiner rigs, extending a partnership that now spans both hardware procurement and software support. MicroBT has also signed a term sheet to…

KBank and Ripple are running a multi-phase proof-of-concept to test whether blockchain can improve the speed, cost and transparency of cross-border remittances. The second phase is now testing onchain remittance…

Mike Novogratz said the US CLARITY Act will likely move to committee in the first week of May. He argued the bill is important for both parties and said it…

Babylon Foundation said it will deposit $3 million in USDT into Aave, with $2 million going to V3 and $1 million to V4. Any interest earned will be returned to…

Western Union says its Solana-based stablecoin USDPT is expected to launch next month, initially for settlement with agent partners. The company also plans a consumer-facing “Stable Card,” signaling a broader…

A coalition including Aave, Kelp and LayerZero has asked the Arbitrum DAO to release about $71 million in frozen ETH. The funds would go to DeFi United, the coordinated recovery…

Litecoin has rolled back roughly three hours of block history after its first major exploit involving the MimbleWimble Extension Block. The incident is the first known attack targeting MWEB since…

The Ethereum Foundation sold 10,000 ETH to Bitmine in an over-the-counter transaction at an average price of $2,387. Bitmine, chaired by Tom Lee, used the purchase to expand its Ethereum…