The total value locked in DeFi protocols fell below $50 billion after nearly a month of bullish price action. Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you the most significant developments from the past week. The United States Department of Justice (DOJ) is...Continue Reading

A proposal to unify branding between the Mantle network and BitDAO passed with overwhelming support. The BIT token will soon undergo a branding transformation to become Mantle, after a measure was approved through a high majority vote on May 19 to optimize the token ahead of the launch of a new layer-2 mainnet. As Cointelegraph...Continue Reading

In an exclusive interview with Cointelegraph at the Bitcoin Conference, Marathon Digital CEO’s Fred Thiel spoke about the mining company’s response to the bear market. A combination of more hash rate coming online from mining plants and a price protection approach is shielding Bitcoin (BTC) mining firm Marathon Digital Holdings (Nasdaq: MARA) through the bear...Continue Reading

According to court documents shared by James K. Filan, the Hinman materials will likely be unsealed by June 13. On May 19, James K. Filan, a defense attorney and ex-federal prosecutor who has been closely monitoring the SEC vs Ripple case for the past few years, shared an update regarding the potential unsealing of the...Continue Reading

The researchers built on their separate projects to demonstrate cross-border payments using illiquid currencies with an intermediate “vehicle” currency. The Federal Reserve Bank of New York’s New York Innovation Center (NYIC) and the Monetary Authority of Singapore (MAS) have published the results of their joint “Project Cedar Phase II x Ubin+.” The project examined the...Continue Reading

The recovery in Bitcoin and most major altcoins halted near respective overhead resistance levels, indicating that the bears are active at higher levels. The United States stock market recovered sharply on May 17 and May 18 on hopes that the debt ceiling agreement could be reached, but the market gave back some of it gains...Continue Reading

It is the first political campaign in U.S. history to accept Bitcoin donations. Democratic presidential candidate Robert F. Kennedy Jr. (RFK) will be the first presidential candidate in United States history to accept campaign donations with Bitcoin, making his first appearance as a presidential candidate at the crypto conference. He praised the cryptocurrency as a...Continue Reading

U.S. Senator Cynthia Lummis joined Chamber of Digital Commerce CEO Perianne Boring on stage at Bitcoin Miami 2023 for a lengthy discussion on regulation. U.S. Republican Sen. Cynthia Lummis of Wyoming held a fireside chat with the founder and CEO of Chamber of Digital Commerce Perianne Boring during the Bitcoin 2023 event in Miami on...Continue Reading

The Web5 toolkit aspires to put the control of data and identity into the hands of users TBD, a division of fintech company Block, which is led by CEO Jack Dorsey, has announced a novel Web5 decentralized web platform at Bitcoin Miami on May 19.  The platform aims to introduce “decentralized identity and data storage”...Continue Reading

The deal was announced in April and approved by the bankruptcy judge on May 4. The Miami International Securities Exchange (MIAX), owned by Miami International Holdings, has completed the acquisition of LedgerX, which was one of the FTX assets court-approved for sale in January. LedgerX is an exchange and clearinghouse regulated by the United States Commodity...Continue Reading