Crypto and Defi News

The Ethereum Foundation proposes the Ethereum Interop Layer to reduce L2 fragmentation via ERC-4337 account abstraction

The Ethereum Foundation proposes the Ethereum Interop Layer to reduce L2 fragmentation via ERC-4337 account abstraction
blog.ethereum.org
Top Comment

TL;DR: Ethereum’s Account Abstraction team proposes the Ethereum Interop Layer (EIL) — a trustless, wallet-centric system that makes all L2s feel like one unified chain. Users can sign once and perform cross-chain transfers, swaps, or mints directly from their wallet with no bridges, relayers, or chain-specific steps. EIL keeps core Ethereum values (self-custody, censorship resistance, verifiability) while moving all logic onchain. The goal: one signature, one wallet, many L2s — a seamless Ethereum experience without fragmentation.

View 0 comments

Revolut’s Polygon integration has already processed $690M, enabling low-fee stablecoin payments, trading, and POL staking for over 65M users. This partnership strengthens Polygon’s position as a leading global payments rail.

Revolut’s Polygon integration has already processed $690M, enabling low-fee stablecoin payments, trading, and POL staking for over 65M users. This partnership strengthens Polygon’s position as a leading global payments rail.
polygon.technology

Snow forecast: Arthur Hayes blames crypto plunge on 'contraction in dollar liquidity', says Bitcoin is the free-market weathervane of global fiat liquidity and trades on the expectation of future fiat supply. Sometimes reality matches expectations, and other times it does not.

Snow forecast: Arthur Hayes blames crypto plunge on 'contraction in dollar liquidity', says Bitcoin is the free-market weathervane of global fiat liquidity and trades on the expectation of future fiat supply. Sometimes reality matches expectations, and other times it does not.
cryptohayes.medium

Curve Ecosystem Grant quarterly progress report highlights core protocol developments and the strengthening of cross-chain capabilities

Curve Ecosystem Grant quarterly progress report highlights core protocol developments and the strengthening of cross-chain capabilities
gov.curve.finance
Top Comment

TL;DR (Very Short & Clear): Curve’s June–August 2025 report shows steady progress. Llamalend V2 and FXSwap advanced significantly, adding broader asset support, safer risk controls, and new FX-focused pools. Cross-chain capabilities expanded (boost delegation, voting, new crvUSD bridging tools). Backend/front-end systems became faster and more reliable. Curve deployed to new chains (TAC, Etherlink, Hyperliquid) and expanded BD partnerships. Financially, spending stayed on track and remaining grant funds should last 3–5 more months. Work remains aligned with crvUSD growth, Llamalend upgrades, and long-term protocol sustainability.

View 0 comments

Uniswap’s UNIfication plan risks turning a fixed 20M-UNI annual budget into a rising “tax on success,” diluting value as UNI grows and treasury burns tighten supply.

Uniswap’s UNIfication plan risks turning a fixed 20M-UNI annual budget into a rising “tax on success,” diluting value as UNI grows and treasury burns tighten supply.
𝕏/@RyskyGeronimo
Top Comment

TL;DR: The UNIfication proposal’s fixed 20M UNI yearly budget acts like a hidden tax on UNI holders. As UNI’s price and burns reduce supply, this budget consumes a growing share of earnings—up to 60–100% at common valuation multiples. At today’s valuation, tokenholder returns become very weak unless Uniswap achieves unusually high (35%+) sustained growth. The budget needs redesigning—either dollar-denominated, tied to earnings, or performance-based to avoid draining value from holders as the protocol scales.

View 0 comments

megaEth introduces Frontier, the official release of their mainnet beta, available early December

megaEth introduces Frontier, the official release of their mainnet beta, available early December
𝕏/@megaeth
Top Comment

TL;DR: MegaETH is launching Frontier, a one-month Mainnet Beta in early December. It’s the first real-time blockchain, built on Ethereum security, onboarding select partner apps, and may have downtime. No incentives yet—this stage is purely for early adopters and stress-testing the network.

View 0 comments

Polymarket CEO Shayne Coplan blasts traditional sportsbooks as a “scam,” arguing they stifle innovation and limit winning bettors as prediction markets edge toward a potential Supreme Court showdown over sports betting legality.

Polymarket CEO Shayne Coplan blasts traditional sportsbooks as a “scam,” arguing they stifle innovation and limit winning bettors as prediction markets edge toward a potential Supreme Court showdown over sports betting legality.
Axios
Top Comment

Tested it and I can say there is so much potential for prediction market but trad sportsbooks are just trad sportsbook and one of the best is stake

View 0 comments

The Office of the Comptroller of the Currency (OCC) greenlights banks to hold crypto for paying network fees and testing platforms, confirming the activity is fully permissible with proper safeguards.**

The Office of the Comptroller of the Currency (OCC) greenlights banks to hold crypto for paying network fees and testing platforms, confirming the activity is fully permissible with proper safeguards.**
occ.gov
Top Comment

This is a massive regulatory green light. Huge win for the community

View 0 comments

At least $28B in illicit funds has flowed into major crypto exchanges over the past two years, with money from global scammers and hackers reaching platforms including Binance and OKX even as the industry goes mainstream.

At least $28B in illicit funds has flowed into major crypto exchanges over the past two years, with money from global scammers and hackers reaching platforms including Binance and OKX even as the industry goes mainstream.
NY Times
Top Comment

Crypto is not secure until these platforms prioritize people over profits and fully shut down the criminal offramps.

View 0 comments

Balancer releases its full post-mortem on the November 3 exploit

Balancer releases its full post-mortem on the November 3 exploit
𝕏/@Marcus_Balancer
Top Comment

TL;DR: Balancer suffered a major exploit on Nov 3, 2025, where ~$94.8M was stolen from legacy V2 Composable Stable Pools due to a rounding error in exact-out swaps amplified by low liquidity and rate providers. Most other pools and Balancer V3 were unaffected. A rapid, coordinated response from security partners, whitehats, and foundations helped protect or recover ~$45.7M. V2 stable pools are being sunset, and LPs are encouraged to migrate to V3. Recovered funds will be returned pool-by-pool through governance, and Balancer continues legal and technical efforts to recover remaining stolen assets.

View 0 comments

Michael Egorov proposes increasing the Yield Basis credit line to 1 billion $crvUSD

Michael Egorov proposes increasing the Yield Basis credit line to 1 billion $crvUSD
gov.curve.finance
Top Comment

TL;DR: Curve is proposing a 1B crvUSD credit line for Yield Basis, but deployed slowly in small chunks. YB will use it to finish migrating pools, boost liquidity, and scale leverage markets. So far it’s improved the crvUSD peg, increased volumes, and raised vote incentive earnings — the expansion aims to amplify those benefits while managing risk.

View 0 comments

Gnosis introduces Gnosis 3.0: a roadmap to Forks Banks

Gnosis introduces Gnosis 3.0: a roadmap to Forks Banks
𝕏/@gnosisdotio
Top Comment

TL;DR: Gnosis is quietly building a full banking stack for Web3. A highly decentralized chain, a global stablecoin payment network, and business tools moving over $1B already. It’s basically becoming the financial backbone that connects crypto, payments, and traditional accounting in one ecosystem.

View 0 comments
End of news