Harmony to Sunset Network, Move ONE to Ethereum for AI Video Platform
Harmony announced it will fully sunset its blockchain after seven years and migrate the native ONE token to Ethereum. A final‑block snapshot will airdrop new ONE to wallet addresses, while delegated stakes and unclaimed rewards go to governor vaults. Users with ONE in smart contracts must exit before Sept. 10, as multisig safes, liquidity pools and apps will not migrate.
#DeFi #Harmony #ONE #Ethereum #AIvideo
@DeFiYieldChannel
Harmony announced it will fully sunset its blockchain after seven years and migrate the native ONE token to Ethereum. A final‑block snapshot will airdrop new ONE to wallet addresses, while delegated stakes and unclaimed rewards go to governor vaults. Users with ONE in smart contracts must exit before Sept. 10, as multisig safes, liquidity pools and apps will not migrate.
• Snapshot covers ONE in wallets, staking delegations, validator rewards, smart contracts and centralized exchanges.
• New tokens will fund an AI video platform called the “Remix Economy for AI Video,” with creators publishing open prompts and assets for AI agents to remix.
• Validators shutting down nodes on Sept. 10 and signing an agreement will receive a $1.372 million transition pool in four quarterly installments.
#DeFi #Harmony #ONE #Ethereum #AIvideo
@DeFiYieldChannel
Morpho Launches Fixed‑Rate Midnight Markets on Ethereum
Morpho has rolled out its Midnight fixed‑term, fixed‑rate lending protocol to Ethereum, adding USDC markets backed by WBTC and cbBTC.
• USDC | WBTC and USDC | cbBTC markets are live, offering borrowers predictable rates and lenders fixed returns.
• The launch does not yet allow the ~US$5 billion in Morpho Vault deposits to enter Midnight; DAO approval is required.
• Current Ethereum Midnight deposits total $7.41 M with $2.63 M in outstanding loans.
#DeFi #Morpho #Ethereum #USDC #WBTC #cbBTC
@DeFiYieldChannel
Morpho has rolled out its Midnight fixed‑term, fixed‑rate lending protocol to Ethereum, adding USDC markets backed by WBTC and cbBTC.
• USDC | WBTC and USDC | cbBTC markets are live, offering borrowers predictable rates and lenders fixed returns.
• The launch does not yet allow the ~US$5 billion in Morpho Vault deposits to enter Midnight; DAO approval is required.
• Current Ethereum Midnight deposits total $7.41 M with $2.63 M in outstanding loans.
#DeFi #Morpho #Ethereum #USDC #WBTC #cbBTC
@DeFiYieldChannel
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DBS & Citi Execute U.S. Dollar Transfer Over Weekend on Swift’s Digital Ledger
A Singapore‑US payment completed on Sept. 5 moved between DBS and Citi’s New York office in minutes, using tokenized deposits on Swift’s blockchain‑based ledger.
#DeFi #SwiftLedger #DBS #Citi #TokenizedDeposits
@DeFiYieldChannel
A Singapore‑US payment completed on Sept. 5 moved between DBS and Citi’s New York office in minutes, using tokenized deposits on Swift’s blockchain‑based ledger.
• The transfer ran during the weekend, cutting the usual two‑business‑day cross‑border delay to minutes.
• Swift’s ledger coordinates tokenized deposits on banks’ own ledgers, while final settlement still occurs through existing banking systems.
• The test followed HSBC and Standard Chartered’s August live transfer; it is the second confirmed live use of the ledger.
• DBS is the only Asian‑headquartered bank in Swift’s 12‑bank core group; the transaction’s value and wider rollout timetable were not disclosed.
#DeFi #SwiftLedger #DBS #Citi #TokenizedDeposits
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Hunter Biden’s LAPTOP memecoin plunges 99% in three hours on Base
The LAPTOP token, launched on Base, fell from $247.55 in its first five minutes to $1.90 within three hours, matching the price of the TRUMP token.
#DeFi #Base #LAPTOP #TRUMP #LayerZero #Tokenomics
@DeFiYieldChannel
The LAPTOP token, launched on Base, fell from $247.55 in its first five minutes to $1.90 within three hours, matching the price of the TRUMP token.
• LAPTOP opened at 12:00 UTC, closed its first five‑minute bucket at $247.55 on Aerodrome and $225.06 on Uniswap V4.
• By 15:20 UTC the Aerodrome price was $1.90, a 99.23% drop; Aerodrome traded $13.4 M and Uniswap V4 $11.3 M in that period.
• Both LAPTOP and TRUMP have a one‑billion supply; at $1.93 each, their fully diluted valuations are near $2 B, with LAPTOP’s market cap higher due to 350 M unlocked tokens versus TRUMP’s 273.1 M.
• The token’s contract (0xB095274743941e953c746F9C228DA9c18Bb6ec29) is a LayerZero omnichain token named LaptopOFT, audited by Hacken.
#DeFi #Base #LAPTOP #TRUMP #LayerZero #Tokenomics
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Arbitrum Watchdog Targets Permanent Bans for Three Grant Recipients
Arbitrum’s Watchdog Committee is calling for ARB holders to permanently ban Good Entry, Limitless, and APX Finance (formerly ApolloX) from all future ArbitrumDAO programs after uncovering grant misuse.
The proposal, posted on September 3, could trigger Snapshot votes as early as September 10, with a total of 457,553 ARB (≈$76,000) at stake.
#DeFi #Arbitrum #ARB #Watchdog #APXFinance #Limitless #GoodEntry
@DeFiYieldChannel
Arbitrum’s Watchdog Committee is calling for ARB holders to permanently ban Good Entry, Limitless, and APX Finance (formerly ApolloX) from all future ArbitrumDAO programs after uncovering grant misuse.
• Good Entry misappropriated 142,839 ARB to ineligible users and self‑farming wallets; the project ceased development in July 2024.
• Limitless transferred its entire 75,000 ARB allocation to USDC and bridged it to Base, effectively removing funds from Arbitrum.
• APX Finance failed to spend 239,714 ARB from its 525,000 ARB LTIPP allocation, leaving funds in treasury addresses and exhibiting sybil activity; the protocol has since merged into Aster on BNB Chain.
The proposal, posted on September 3, could trigger Snapshot votes as early as September 10, with a total of 457,553 ARB (≈$76,000) at stake.
#DeFi #Arbitrum #ARB #Watchdog #APXFinance #Limitless #GoodEntry
@DeFiYieldChannel
Vitalik Proposes EIP‑8288: Quantum‑Safe Signatures & Private Transactions for Ethereum
Vitalik Buterin outlined EIP‑8288, aiming to enable cheap quantum‑safe signatures, private transactions, and flexible proof schemes on Ethereum.
• EIP‑8288 would bundle many signatures into a single proof per block, reducing cryptographic overhead to 100‑300 kB plus a 96‑byte tag per claim.
• The design relies on a shared instruction set, with RISC‑V a leading candidate.
• Features include quantum‑safe privacy protocols and “private account abstraction,” allowing ownership changes across all on‑chain positions in one transaction without revealing details.
#DeFi #Ethereum #EIP8288 #QuantumSafe #RISCV
@DeFiYieldChannel
Vitalik Buterin outlined EIP‑8288, aiming to enable cheap quantum‑safe signatures, private transactions, and flexible proof schemes on Ethereum.
• EIP‑8288 would bundle many signatures into a single proof per block, reducing cryptographic overhead to 100‑300 kB plus a 96‑byte tag per claim.
• The design relies on a shared instruction set, with RISC‑V a leading candidate.
• Features include quantum‑safe privacy protocols and “private account abstraction,” allowing ownership changes across all on‑chain positions in one transaction without revealing details.
#DeFi #Ethereum #EIP8288 #QuantumSafe #RISCV
@DeFiYieldChannel
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U.S. Bank Launches Its Own Stablecoin on Stellar
U.S. Bank completed a live cross‑border payment between its North American and European branches using USBDC, a dollar‑backed stablecoin it issued on Stellar.
• USBDC was minted, redeemed, frozen and clawed back during the pilot, demonstrating full control mechanisms.
• The transaction settled on Stellar while remaining linked to the bank’s core finance, risk, compliance and operations systems.
• The pilot validates U.S. Bank’s Digital Asset Platform, which connects traditional banking infrastructure to blockchain networks.
• Uses under review include liquidity management, collateral mobility and cross‑border treasury operations.
#DeFi #Stablecoin #Stellar #USBank #DigitalAssets
@DeFiYieldChannel
U.S. Bank completed a live cross‑border payment between its North American and European branches using USBDC, a dollar‑backed stablecoin it issued on Stellar.
• USBDC was minted, redeemed, frozen and clawed back during the pilot, demonstrating full control mechanisms.
• The transaction settled on Stellar while remaining linked to the bank’s core finance, risk, compliance and operations systems.
• The pilot validates U.S. Bank’s Digital Asset Platform, which connects traditional banking infrastructure to blockchain networks.
• Uses under review include liquidity management, collateral mobility and cross‑border treasury operations.
#DeFi #Stablecoin #Stellar #USBank #DigitalAssets
@DeFiYieldChannel
Latitude Secures $35M Series A to Expand Stablecoin Off‑Ramps
Latitude announced a $35 million Series A led by Oak HC/FT, with NEA, Coinbase Ventures, Lightspeed Faction and OpenFX joining.
• The capital will fund money‑transmission licences and local payout connections across 45 U.S. markets.
• Latitude holds 39 licences, one state registration and five no‑action letters, and is registered with FinCEN as a money services business.
• The round follows an $8 million seed, bringing total funding to $43 million.
#DeFi #Stablecoins #Latitude #OakHCFT #FinTech #FinCEN
@DeFiYieldChannel
Latitude announced a $35 million Series A led by Oak HC/FT, with NEA, Coinbase Ventures, Lightspeed Faction and OpenFX joining.
• The capital will fund money‑transmission licences and local payout connections across 45 U.S. markets.
• Latitude holds 39 licences, one state registration and five no‑action letters, and is registered with FinCEN as a money services business.
• The round follows an $8 million seed, bringing total funding to $43 million.
#DeFi #Stablecoins #Latitude #OakHCFT #FinTech #FinCEN
@DeFiYieldChannel
MoneyGram launches stablecoin‑backed Visa card in Colombia
MoneyGram has rolled out its MoneyGram Card, a virtual Visa card that spends a stable‑dollar balance held in the MoneyGram app, now live in Colombia.
• The card uses a stable‑dollar balance in the app, spending via Visa at over 175 million merchant locations.
• Crossmint hosts the wallets, funds move over Stellar, and Rain connects the balance to Visa’s network.
• Cardholders can transfer funds to themselves and withdraw local currency at MoneyGram branches; a physical card is expected in late 2026.
#DeFi #MoneyGram #Stablecoin #Visa #Stellar #RainTech
@DeFiYieldChannel
MoneyGram has rolled out its MoneyGram Card, a virtual Visa card that spends a stable‑dollar balance held in the MoneyGram app, now live in Colombia.
• The card uses a stable‑dollar balance in the app, spending via Visa at over 175 million merchant locations.
• Crossmint hosts the wallets, funds move over Stellar, and Rain connects the balance to Visa’s network.
• Cardholders can transfer funds to themselves and withdraw local currency at MoneyGram branches; a physical card is expected in late 2026.
#DeFi #MoneyGram #Stablecoin #Visa #Stellar #RainTech
@DeFiYieldChannel
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