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Introducing xBridge: Seamless Cross-Chain Transfer of Tokenized Stocks Between Solana and Ethereum
Backed Finance has launched xBridge, a cutting-edge cross-chain bridge designed to facilitate the transfer of tokenized stocks between blockchain networks, ensuring accurate tracking of corporate actions such as stock splits and dividends. Unveiled at Solana Breakpoint, this innovative solution was developed in collaboration with Chainlink, enabling the seamless transfer of tokenized equities, kn…
Dec. 12, 2025, 3 p.m.
Web3
Leading UAE Fuel Retailer to Introduce Stablecoin Payments Across 980 Stations
In a significant development, ADNOC Distribution, the largest fuel and convenience retailer in the UAE, is set to introduce AE Coin stablecoin payments across its vast network of nearly 980 service stations spanning the United Arab Emirates, Saudi Arabia, and Egypt. This move follows a memorandum of understanding signed with Al Maryah Community Bank, enabling customers to utilize AE Coin via the …
Dec. 12, 2025, 2:44 p.m.
Web3
YouTube Expands Payment Options for US Creators with PayPal's Stablecoin
According to a recent report, YouTube has introduced PayPal's stablecoin, PYUSD, as a payment option for its US-based content creators. This development was confirmed by PayPal's head of crypto, who noted that the platform's design allows YouTube to avoid direct involvement with cryptocurrency. The PYUSD payout option was initially introduced by PayPal in the third quarter of 2025, with YouTube o…
Dec. 12, 2025, 12:05 p.m.
Web3
Coinbase Partners with Chainlink to Enable Seamless Transfer of $7 Billion in Wrapped Tokens
In a significant development, Coinbase has selected Chainlink's Cross-Chain Interoperability Protocol (CCIP) as the sole bridge for its wrapped assets, effectively linking them to Chainlink's robust oracle networks. This strategic partnership enables the transfer of assets such as cbBTC, cbETH, cbDOGE, cbLTC, cbADA, and cbXRP, which collectively hold a market value of approximately $7 billion. Th…
Dec. 11, 2025, 3 p.m.
Web3
Coinbase and Chainlink Launch Bridge Connecting Base to Solana Ecosystem
A newly launched bridge now connects Base, a layer 2 solution backed by Coinbase, with the Solana blockchain, allowing for direct asset transfers between the two ecosystems. The bridge is secured by Chainlink's Cross-Chain Interoperability Protocol and Coinbase, facilitating the use of Solana-based tokens, including SOL and SPL assets, on Base-built dapps. Early adopters of the bridge include pro…
Dec. 4, 2025, 7 p.m.
Web3
Balancer DAO Proposes $8 Million Recovery Plan Following $110 Million Hack
In the aftermath of a significant security breach that resulted in the loss of over $110 million from its Balancer v2 vaults, the Balancer DAO has initiated discussions on a plan to redistribute around $8 million in recovered assets to impacted liquidity providers. The recovery of these funds was made possible by the efforts of whitehat actors and internal teams, who acted swiftly following the a…
Nov. 27, 2025, 9:39 p.m.
Web3
DeFi Faces $12 Billion Inactive Liquidity Crisis, with 95% of Funds Going Unused
A study by 1inch, a decentralized exchange aggregator, highlights a pressing issue in the DeFi sector: the underutilization of capital in major liquidity pools. Data presented at Devconnect Buenos Aires shows that a substantial 83-95% of liquidity in prominent pools, including Uniswap and Curve, remains dormant throughout the year, equating to billions of dollars in idle funds. This inefficiency …
Nov. 22, 2025, 4:07 p.m.
Web3
Aerodrome Finance Falls Victim to 'Front-End' Assault, Users Warned to Steer Clear of Main Website
Aerodrome Finance, a prominent decentralized exchange boasting $400 million in total value locked on Coinbase's Base network, suffered a front-end attack on Friday, prompting immediate warnings for users to avoid its primary website. The attack appears to be a DNS hijacking of Aerodrome's centralized domains, allowing attackers to divert users to fake phishing sites designed to deceive them into …
Nov. 22, 2025, 3:28 p.m.
Web3
Spark, a DeFi Powerhouse, Puts Crypto App Plans on Hold to Concentrate on Institutional Infrastructure
Decentralized finance giant Spark has put its plans for a mobile app on the backburner for the time being. In an interview with CoinDesk at Devconnect Buenos Aires, Sam MacPherson, CEO of Phoenix Labs, the company behind the Spark protocol, explained that the decision was made after an internal discussion. 'Our strength lies in the DeFi-native crypto space, and we don't specialize in building con…
Nov. 19, 2025, 9:34 p.m.
Web3
1inch Introduces Aqua, a Groundbreaking Protocol for Shared Capital in DeFi Strategies
The decentralized exchange aggregator 1inch has launched Aqua, a novel liquidity protocol that allows DeFi applications to utilize the same capital pool across various strategies while maintaining user control. The Aqua software development kit (SDK), libraries, and documentation are now available on GitHub, with a comprehensive front-end interface slated for release in early 2026. This 'shared l…
Nov. 17, 2025, 11:54 a.m.