DeFi & Yield｜DeFi·Staking·Yield Farming

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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.

• 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
@DeFiYieldChannel

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DeFi & Yield｜DeFi·Staking·Yield Farming

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DeFi & Yield｜DeFi·Staking·Yield Farming

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.

• 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
@DeFiYieldChannel

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DeFi & Yield｜DeFi·Staking·Yield Farming

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DeFi & Yield｜DeFi·Staking·Yield Farming

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.

• 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

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DeFi & Yield｜DeFi·Staking·Yield Farming

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

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DeFi & Yield｜DeFi·Staking·Yield Farming

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DeFi & Yield｜DeFi·Staking·Yield Farming

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DeFi & Yield｜DeFi·Staking·Yield Farming

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

1 view18:55

DeFi & Yield｜DeFi·Staking·Yield Farming

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

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DeFi & Yield｜DeFi·Staking·Yield Farming

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
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DeFi & Yield｜DeFi·Staking·Yield Farming

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