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The Defiant – DeFi News

Information platform at the intersection of tech and finance.

Ethena’s USDe Vaults to No. 3 Stablecoin With $9.3 Billion Supply
Ethena Labs’ dollar-pegged token USDe has vaulted to the number-three spot in the stablecoin rankings after its circulating supply swelled roughly 75% in the past three weeks...

Ongoing Unlocks Pressure WLD Despite Record Activity on World Chain
World Chain’s users and transactions are soaring, but its token remains depressed, seemingly due to selling pressure from newly unlocked tokens entering the market....

Circle’s Native USDC Launch on Hyperliquid Threatens Arbitrum: Messari
Circle’s plan to mint native USDC on Hyperliquid threatens Arbitrum’s dominance, with a Messari analyst warning of a possible liquidity exodus....

Michigan Pension Fund Boosts Bitcoin ETF Bet as BlackRock Pivots to Ether
The State of Michigan Retirement System almost tripled its exposure to Bitcoin in the second quarter, regulatory filings show...

Mantle’s MNT Hits 5-Month High as Launch of UR App Nears
The MNT token has rallied 60% over the past month as Layer 2 activity climbs....

PumpFun Revenue Plunges 96% to Lowest Level Since March 2024
The Solana-based token launchpad has struggled to meet the market’s expectations since its token generation event....

MetaMask Plans ‘MetaMask USD’ Stablecoin With Stripe
A governance proposal circulating in MetaMask’s community forums on 5 August outlines plans for a dollar-pegged stablecoin dubbed “MetaMask USD"...

Galaxy Digital Swings to Profit but Misses Forecasts
Galaxy Digital returned to profitability in the second quarter...

Galaxy Digital to Tokenize GLXY Stock via Superstate
The news broke via an SEC filing earlier today, published alongside Galaxy’s Q2 earnings report....

Californian Neobank Slash Bets on Own Stablecoin to Streamline Global Dollar Access
Slash is launching a dollar account powered by a non-transferable stablecoin that offers global businesses faster payments, built-in off-ramps, and yield on balances....