Tag: economic impact

US Sanctions Drive Yemenis to Decentralized Finance

US Sanctions Drive Yemenis to Decentralized Finance

As TRM Labs explains, Yemeni citizens are turning to decentralized finance (DeFi) protocols more than ever. They are using these tools to help them get by as US sanctions squeeze the Houthi authorities. The US government has recently designated the Houthi movement as a terrorist organization. Unfortunately, this designation led...

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Crypto Hacks Surge in April, Bitcoin Price Predictions Soar

Crypto Hacks Surge in April, Bitcoin Price Predictions Soar

In May, hackers stole more than $90 million in digital assets from cryptocurrency exchanges and other platforms, a quadrupling of illicit activity from the month prior. Bitcoin heading to $1 million by 2029, fueled by institutional adoption, was big news. Whether it’s the recent barrage of hacks or the wave...

Franklin Templeton Expands Bitcoin Investment with DeFi Integration

Franklin Templeton Expands Bitcoin Investment with DeFi Integration

Bitcoin is indisputably hot, with a market cap of over $1.9 trillion. It accounts for almost 60% of total digital asset market capitalization, which is $3.12 trillion. Its relatively recent development as a digital gold standard has made it immediately popular as a trustworthy store of value.This favorable institutional adoption...

Bitcoin Holdings Surge as Institutions Seek Yield Opportunities

Bitcoin Holdings Surge as Institutions Seek Yield Opportunities

In February of 2025 alone, public companies added over three-quarters of a billion dollars worth of Bitcoin to their coffers. That recent growth is driven by increased institutional demand for yield-generating strategies. The total value of Bitcoin wallets increased by about 2.2%, climbing to $56.7 billion. At this current Bitcoin...

Sui Network Set to Boost Bitcoin DeFi With sBTC Integration

Sui Network Set to Boost Bitcoin DeFi With sBTC Integration

Sui Network is well-positioned to bolster its decentralized finance (DeFi) progress. It will combine in sBTC, a one-to-one Bitcoin-backed asset created by Stacks. This integration provides Sui Network users with a decentralized, secure, and fully programmable Bitcoin (BTC) asset. It unlocks exciting new possibilities for on-chain activities and cements Sui...

Crypto Hacks Surge Past $90 Million in April, Driven by DeFi Exploits

Crypto Hacks Surge Past $90 Million in April, Driven by DeFi Exploits

Criminals stole over $90 million in digital assets from crypto hacks in just the month of April 2025. This startling case was uncovered in a recent study published by Immunefi. That spike represents a 124% increase since March 2025, when $41 million was stolen. That recent spike underscores the increasing...

AAVE Price Surges as Market Indicators Suggest Bullish Momentum

AAVE Price Surges as Market Indicators Suggest Bullish Momentum

AAVE, a leading decentralized finance (DeFi) protocol, is experiencing a surge in price as market indicators point toward potential bullish momentum. Analysis of AAVE's financials and holder behavior reveals key insights into the asset's current standing and future prospects. AAVE currently has the second most value locked in its platform....

USD₮0 Fuels XRP DeFi Growth with Zero-Cost Transactions

USD₮0 Fuels XRP DeFi Growth with Zero-Cost Transactions

USD₮0 is unifying liquidity across chains and creating an even stronger capital base for XRP DeFi. This is a great step forward in improving Flare users’ ability to quickly and easily send money. They are now able to send USD₮0 transactions as fee-less transfers.Since going live back in January, over...

Fantom Unveils Sonic Blockchain, Targets DeFi Efficiency and Scalability

Fantom Unveils Sonic Blockchain, Targets DeFi Efficiency and Scalability

Fantom has launched Sonic, a new Layer-1 network designed to optimize decentralized finance (DeFi) through enhanced efficiency, scalability, and profitability. Sonics introduces a number of prime innovations. These range from the SonicVM virtual machine to a high-capacity transactional processing system with volumes exceeding 10,000 TPS to the Sonic Gateway—a native...