Ethena enables free minting and redemption of USDe with USDC

The post Circle Faces Criminal Complaint Over USDC Seizure. appeared on BitcoinEthereumNews.com. Circle faces a Wisconsin complaint over refusing a court-ordered USDC recovery action. Prosecutors say stablecoin issuers face growing pressure to support scam investigations. The case may reshape how crypto firms handle frozen assets and victim claims. Circle faces a criminal complaint in Wisconsin after prosecutors accused the stablecoin issuer of refusing to comply with a court order seeking recovery of stolen USDC funds. The case highlights growing tensions between crypto firms and law enforcement over scam-related asset seizures. Circle Faces Legal Pressure Over Stolen USDC Recovery Circle Internet Financial is facing legal scrutiny after Wisconsin prosecutors filed a misdemeanor criminal complaint against the company. According to a report, authorities allege Circle failed to follow a warrant connected to a cryptocurrency scam victim’s stolen funds. The dispute began after a Walworth

The post Robinhood launched a Wall Street layer 2 chain and the market crowned a $150M cat coin first appeared on BitcoinEthereumNews.com. Robinhood launched the public mainnet of Robinhood Chain this month, describing it as a permissionless Layer 2 built on Arbitrum for tokenized stocks, real-world assets, DeFi lending, and AI-native finance. One week in, the chain’s loudest retail activity is driven by CASHCAT, a memecoin built on Robinhood’s own discarded “CashCat” name. The token reached nearly $150 million in market cap and over $159 million in 24-hour volume. CASHCAT gained liquidity, price charts, and social attention through Uniswap V3 pools and third-party launch and routing infrastructure, including Noxa.fun and Pump.fun, rather than through Robinhood’s own app-listing process. An explainer graphic outlines six steps showing how CASHCAT gained liquidity, price charts, and trading volume on Robinhood Chain without a formal listing. Behind an unapproved listing Robinhood built

The post Zapper to Shut Down Aug. 3 After Nearly Seven Years appeared on BitcoinEthereumNews.com. The DeFi portfolio tracker once handled $13 billion in transaction volume and 2 million monthly users before deciding an orderly wind-down was its best option. Zapper, the DeFi portfolio tracker and dashboard, will shut down entirely on August 3rd, co-founder and CEO Seb Audet said in a post on X Wednesday. The company’s website, mobile apps and API services will all go offline. Audet said the team “evaluated a number of different options, pursued some to the fullest extent possible,” before concluding that an orderly wind down is the best course of action. Existing API users will receive transition guidance by email, he said. Seven-Year Run Zapper launched in 2019 as a simple portfolio tracker Audet built for himself while exploring early DeFi, before scaling into a broader dashboard for tracking liquidity pools, yield farms and claimable rewards. At its peak, the platform served more tha

The DeFi portfolio tracker once handled $13 billion in transaction volume and 2 million monthly users before deciding an orderly wind-down was its best option.

The post Hyperliquid Wants CFTC to Exempt DeFi From Legacy Crypto Rules appeared on BitcoinEthereumNews.com. The Hyperliquid Policy Center (HPC) and non-custodial wallet provider Phantom have jointly urged the US Commodity Futures Trading Commission (CFTC) to modernize its regulatory approach to decentralized finance (DeFi). In a response to the agency’s Request for Information on evolving financial technology, the organizations argue that onchain infrastructure should not be regulated like traditional financial intermediaries. The filing could influence how US regulators oversee decentralized markets while shaping the future of self-custody, onchain trading, and blockchain innovation. HPC and Phantom Push for Tailored DeFi Rules In their joint comment, HPC and Phantom argue that developers who publish onchain protocol software should not automatically be treated as operators of exchanges or clearinghouses. Instead, they urge the CFTC to distinguish between building technology and prov

Spark's innovative liquidity management could redefine DeFi economics, but it also introduces new risks and requires careful oversight. The post Spark manages $1.5B in stablecoin volume through Uniswap v4 in 30 days appeared first on Crypto Briefing.

The post Robinhood Chain Launch Sets New DeFi Volume Benchmark appeared on BitcoinEthereumNews.com. Robinhood Chain’s launch on July 1 did something most new Layer 2 blockchains never manage: it forced people to look twice at the numbers. $570 million in daily volume against just $21.68 million in total value locked — a 26:1 ratio that doesn’t exist anywhere else in decentralized finance at comparable scale. Most established DEXs with years of battle-tested liquidity sit at or below 1:1. Robinhood Chain turned over its entire liquidity base 26 times in a single day. Key takeaways Robinhood Chain launched July 1 as a permissionless Layer 2 on Arbitrum Orbit, with mainnet live from day one. Launch-day volume hit $570 million against $21.68 million TVL — a 26:1 ratio far above typical DEX benchmarks — largely driven by speculative memecoin trading. TVL has since grown past $240 million, mostly driven by Morpho and Ethena. The ARB token surged over 12% after Offchain Labs confirmed 10% of

The post How to Fund a Crypto Sportsbook With Stablecoins appeared on BitcoinEthereumNews.com. Funding a crypto sportsbook has become much easier than it was a few years ago. Instead of worrying about Bitcoin price swings, many bettors now use stablecoins such as USDT and USDC, which are designed to maintain a value close to one US dollar. Stablecoins allow players to move funds quickly while avoiding the volatility associated with many cryptocurrencies. Many crypto-native sportsbooks, including Dexsport, support stablecoin deposits across multiple blockchain networks, giving players flexibility to choose the combination of speed, fees, and wallet compatibility that suits them best. Dexsport, for example, supports dozens of cryptocurrencies across multiple blockchains, making USDT and other stablecoins convenient funding options for sports betting. This guide explains everything beginners should know before making their first deposit. Unlike Bitcoin or Ethereum, whose prices may change