Crypto-news

Decentralized finance protocols appear to be showing signs of recovery, with lending and borrowing platform Aave hitting a new record in weekly active borrowers. In a post on X on Aug. 14, Aave founder Stani Kulechov reported that the lending and borrowing protocol has reached around 40,000 active weekly borrowers, eclipsing the previous high in late 2022. Data…

Popular decentralized finance (DeFi) wallet MetaMask has partnered with Mastercard and digital payments company Baanx to launch a self-custody debit card pilot program for select users in the United Kingdom and the European Union, with plans to roll out the product in other regions over time. The card allows users to self-custody their funds until…

The first Solana spot exchange-traded fund (ETF) could officially debut for trading on the Brazilian stock exchange, ahead of all the other global jurisdictions. The first spot Solana ETF is currently awaiting approval by the Brazilian stock exchange, B3, after it was reportedly approved by Brazil’s Securities and Exchange Commission (CVM) on Aug. 7. According to Manthan Dave,…

Coinbase country director for Canada Lucas Matheson took the stage at the Blockchain Futurist Conference on Aug. 13 to discuss the state of Canadian digital asset regulation and promote the newly expanded Stand With Crypto initiative. Matheson argued that although Canada’s regulatory framework is already robust, the country still needs to modernize crypto regulation. The…

Multinational banking and financial services company DBS Bank collaborated with digital payment provider Ant International on a new blockchain-based treasury and liquidity management solution. On Aug. 13, DBS Bank announced the pilot launch of DBS Treasury Tokens, which Ant International will use for instant and multicurrency treasury and liquidity management. The new DBS Treasury Tokens…

Ethereum’s layer-2 scaling ecosystem has just reached a new daily transaction all-time high. According to data from Growthepie, an Ethereum layer-2 block space analytics platform, aggregated daily transactions across the scaling ecosystem hit a record 12.42 million on Aug. 12. Leon Waidmann, head of research at the Onchain Foundation, commented on the milestone in a post on X on…