The Islamic finance sector in DeFi is experiencing unprecedented growth as Muslim investors seek riba-free cryptocurrency solutions aligned with Shariah principles. The global Islamic finance market, projected to reach $5 trillion by 2026, is rapidly adopting blockchain technology to deliver transparent, ethical financial services without interest-based mechanisms. Halal DeFi protocols...
Whale Adds $1.2M to Save 5x $HYPE Long on HyperLiquid
A whale deposits $1.2M USDC on HyperLiquid to defend a 5x HYPE long, facing $16.7M unrealized loss and $1.6M in funding costs. On-chain data shows a large trader injecting fresh capital to avoid liquidation. The wallet transferred $1.2 million in USDC to the HyperLiquid platform while holding a leveraged long...
World Liberty’s USD1 Weathers Alleged Market Attack
USD1 briefly depegs as WLFI alleges coordinated attack; team says 1:1 backed stablecoin restored to $1 parity. World Liberty’s USD1 Weathers Alleged Market Attack after the stablecoin briefly lost its dollar peg for the first time. The WLFI ecosystem token faced volatility amid claims of a coordinated effort to trigger...
Crypto.com Wins Conditional Trust Charter From OCC
Crypto.com secured conditional approval for a national bank trust charter from the U.S. OCC. The OCC approval would allow Crypto.com to operate as a federally regulated crypto custodian. Crypto.com joins Circle, Ripple, BitGo, and Paxos with conditional OCC trust approvals. Crypto.com Wins Conditional Trust Charter From OCC after the US...
Hanwha Bets Big on JitoSOL Liquid Staking ETPs
South Korea’s Hanwha Asset Management partners with Jito Foundation to build JitoSOL-based ETPs, targeting retirement investors in a $4.44B AUM push. South Korea’s Hanwha Asset Management has entered a partnership with the Jito Foundation. The goal is to build regulated exchange-traded products tied to JitoSOL, a liquid staking token on...
Jito Loses $2.77B in TVL – What’s Happening on Solana?
Jito TVL dropped from $3.77B to under $1B, falling 73% and slipping to 5th place on Solana by total value locked. The once-dominant Solana protocol has dropped to fifth place by total value locked after its TVL fell below $1 billion for the first time since February 2024. The decline...
Pi Network Drops Ecosystem Token Proposal Nobody Saw Coming
Pi Core Team releases detailed ecosystem token design on Open Network’s first anniversary as a Pi Request for Comment, inviting community input via GitHub. Pi Network marked one year since the Open Network launched. The Pi Core Team used the occasion to release something Pioneers had been waiting for. Detailed....
Coinbase CEO Sees Win-Win Path for Crypto Banks and US Consumers
Coinbase CEO Brian Armstrong signals progress on US crypto market structure talks and backs stablecoin rewards reform. Coinbase CEO Brian Armstrong said there is progress in US crypto regulation talks and a path toward agreement. Speaking at the World Liberty Forum and later on CNBC, he noted that lawmakers and...
Base Breaks From OP Stack as $1.78M Moonwell AI Code Hack Shocks DeFi
Base will decouple from OP Stack while Moonwell lost $1.78M due to AI-written code error on cbETH pricing. Base has announced plans to separate from the OP Stack codebase while remaining an OP Enterprise customer. At the same time, Moonwell suffered a $1.78 million exploit linked to AI-generated smart contract...
CME Positioning Flip Signals Potential Bitcoin Rally Toward $85K
Hedge funds reduce BTC shorts as leverage resets, setting up a potential path toward $85K if momentum builds. CME Bitcoin futures data has once again caught the eye of market participants. As spotted by market observers, the current structure resembles setups that preceded major upside moves in prior cycles. Adding...