Trump Says CFTC Working to Onshore Hyperliquid
President Donald Trump said CFTC Chair Michael Selig is working to bring Hyperliquid into the United States in a fully compliant and legal fashion, putting the White House behind a domestic path for a perpetual futures venue that currently geoblocks American traders. Trump made the remark Wednesday… Read the full story at The Defiant
How Maple Finance Became the #2 Crypto Lender Behind Tether — Sid Powell Explains
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Bitcoin Tops $68,000 as Short Liquidations Hit $1.7 Billion
Bitcoin traded above $68,000 and ether gained 9% on Wednesday, forcing $1.91 billion of leveraged positions to close, according to Coinglass. Shorts made up $1.74 billion of that total, roughly eight times the volume of liquidations recorded over the previous 24 hours. The trigger came from the… Read the full story at The Defiant
HSBC and Standard Chartered Complete First Live Transaction on Swift Blockchain Ledger
HSBC and Standard Chartered completed the first live cross-border bank-to-bank tokenized-deposit transaction on Swift’s blockchain-based ledger, advancing the system from readiness for initial use to its first interbank transaction. The banks exchanged payment messages using the ledger and recorded… Read the full story at The Defiant
Maya Protocol Exploit Drains $1.7 Million From Shared Liquidity
Maya Protocol was exploited for roughly $1.7 million after an attacker inflated accounting with a false subsidy, then added and removed liquidity to extract about 48.87 million CACAO and 98.82 LINK, according to blockchain security firm CertiK. CertiK said the assets came from shared liquidity. In… Read the full story at The Defiant
Gnosis Chain to Abandon Its Validator Set and Settle to Ethereum
Gnosis Chain is transitioning from a standalone Layer 1 to an Ethereum-settled rollup and retiring its independent validator set, according to an announcement from Gnosis Chain and a proposal published on GnosisDAO’s governance forum. For GNO stakers, the approved direction would unlock roughly… Read the full story at The Defiant