defi

Coinbase CEO Brian Armstrong has strongly criticized the U.S. Senate Banking Committee’s proposed crypto market structure bill. According to him, the bill would harm the crypto industry more than if there were no regulation at all. Armstrong shared his position on platform X (formerly Twitter), warning of serious consequences the legislation could have for decentralized finance, user privacy, and market competition.

Coinbase: This Bill Threatens the Future of Crypto
Armstrong pointed out that the Senate’s proposal would:

🔹 Ban tokenized stocks

🔹 Restrict the DeFi sector

🔹 Give the government access to users’ financial data

🔹 Undermine the CFTC’s role while empowering the SEC

🔹 Penalize stablecoins and block fair competition with traditional banks
He warned that the bill, in its current form, would damage innovation and strengthen the monopoly of large financial institutions. Nevertheless, Coinbase plans to continue working on improving the bill through dialogue with lawmakers.
“We appreciate the lawmakers’ bipartisan efforts, but this version is significantly worse than the status quo. We would prefer no bill over a bad one,” Armstrong stated.

Crypto Market Grows, While Regulation Lags Behind
Ironically, this debate comes at a time when the crypto market is surging again. The total market capitalization grew 3% in the past 24 hours, with Bitcoin heading toward $98,000 and Ethereum nearing $3,500.
Industry experts agree that clear legislation is needed to define when a digital asset is a security and when it is a commodity. While the proposed bill does grant more power to the Commodity Futures Trading Commission (CFTC), it also contains sections that could hinder the growth of stablecoins—therefore blocking the development of decentralized financial services.

137 Amendments Filed, Banks Accused of Influence
The bill has triggered a wave of public responses. So far, over 137 amendments have been submitted, with final wording expected after further negotiations. Meanwhile, crypto industry groups accuse banks of wielding excessive influence over the bill’s content.
Summer Mersinger, CEO of the Blockchain Association, stated that banks are pushing to shape the law in their favor, preventing new players from entering the market. Proposed limitations on stablecoin rewards would, she said, hurt consumers and block innovation before it can compete.

#coinbase , #CryptoNews , #brianarmstrong , #Stablecoins , #defi

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Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

Dusk Network – confidențialitatea ca fundație pentru viitorul finanțelor
Într-o lume blockchain în care transparența totală poate deveni o vulnerabilitate, Dusk Network propune o abordare diferită: confidențialitate nativă, conformitate și securitate, toate într-un singur ecosistem. Proiectul dezvoltat de @dusk_foundation este construit special pentru aplicații financiare reale, unde protecția datelor și respectarea reglementărilor sunt esențiale.
Dusk Network este un blockchain Layer 1 care folosește tehnologii avansate de zero-knowledge proofs (ZKPs) pentru a permite tranzacții private, dar verificabile. Acest lucru îl face ideal pentru tokenizarea activelor din lumea reală (RWA), emiterea de titluri digitale și aplicații DeFi conforme cu legislația. Spre deosebire de alte rețele, Dusk nu a fost creat pentru anonimitate totală, ci pentru un echilibru inteligent între confidențialitate și transparență legală.
Tokenul nativ $DUSK joacă un rol central în ecosistem: este folosit pentru staking, securizarea rețelei, plata taxelor și participarea la guvernanță. Prin mecanismul său de consens Proof-of-Stake, Dusk încurajează participarea comunității și oferă recompense celor care susțin rețeaua.
Pe măsură ce instituțiile financiare caută soluții blockchain compatibile cu cerințele lor, Dusk Network are potențialul de a deveni o infrastructură cheie pentru adoptarea reală a tehnologiei. Cu o viziune clară și o tehnologie solidă, Dusk nu este doar un alt proiect crypto, ci o piesă importantă din viitorul finanțelor digitale.
#Dusk #Blockchain #Privacy #Web3

Bank of Italy–Style Models: Ethereum Collapse and Infrastructure Risk
Abstract
As blockchain networks become systemically important, central banks and financial institutions are increasingly studying the infrastructure risks embedded in public blockchains. Using modeling approaches similar to those employed by institutions like the Bank of Italy, this article explores a hypothetical scenario: What happens if Ethereum suffers a large-scale collapse? We analyze Ethereum as a financial infrastructure, identify fragility points, and explain how network stress can propagate across decentralized finance (DeFi), stablecoins, and global crypto markets.

1. Ethereum as Financial Infrastructure, Not Just a Token
Ethereum is no longer just a cryptocurrency. It functions as:
A settlement layer for DeFiA collateral backbone for stablecoinsA smart-contract execution engineA liquidity hub for NFTs, bridges, and Layer-2s
From a central-bank modeling perspective, Ethereum resembles a financial market infrastructure (FMI)—similar to payment systems or clearing houses.
➡️ This means Ethereum failure risk is systemic, not isolated.

2. How Central Banks Model Infrastructure Risk
Institutions like the Bank of Italy typically use:
Network theory modelsStress-testing frameworksAgent-based simulationsLiquidity contagion models
Applied to Ethereum, these models focus on:
Node concentrationValidator incentivesLiquidity dependenciesSmart-contract interconnections
The goal is to answer one question:
Can a shock in one part of the system cascade into total failure?

3. Key Fragility Points in Ethereum’s Architecture
3.1 Validator Concentration Risk
Ethereum’s Proof-of-Stake relies on validators, but:
Large staking providers control a significant shareRegulatory pressure on validators can cause coordinated exitsSlashing events can amplify panic
📉 Model Outcome: Reduced validator participation → slower finality → loss of trust.

3.2 DeFi Liquidity Feedback Loops
Ethereum hosts massive leveraged positions through:
Lending protocolsLiquid staking tokens (LSTs)Synthetic assets
In stress models:
ETH price dropsCollateral ratios failLiquidations spikeGas fees surgeNetwork congestion worsens
This creates a negative reflexivity loop.

3.3 Stablecoin Dependency Risk
Most major stablecoins depend on Ethereum rails.
If Ethereum stalls:
Stablecoin redemptions slowArbitrage breaksPeg instability increases
📊 Central-bank-style simulations show that stablecoin stress accelerates systemic collapse faster than price volatility alone.

4. Hypothetical Ethereum Collapse Scenario (Modeled)
Phase 1: Shock Event
Regulatory action, major exploit, or validator outageETH price drops sharply
Phase 2: Liquidity Freeze
DeFi protocols halt withdrawalsBridges become bottlenecksGas fees spike uncontrollably
Phase 3: Contagion
L2s fail due to Ethereum dependenceCross-chain liquidity dries upStablecoin confidence erodes
Phase 4: Market Repricing
ETH loses its “risk-free crypto collateral” statusCapital migrates to alternative chains or exits crypto entirely

5. Why This Matters Beyond Crypto
From a Bank-of-Italy-style macro view:
Crypto markets are increasingly interlinked with traditional financeEthereum acts as a shadow settlement layerFailure could impact:Crypto fundsPayment startupsTokenized real-world assets (RWA)
This is why regulators study Ethereum not as innovation—but as infrastructure risk.

6. Risk Is Structural, Not Technical
Important insight from infrastructure modeling:
Ethereum does not fail because of bad code alone —
it fails when economic incentives, liquidity, and trust break simultaneously.
Even perfect technology cannot survive:
Liquidity runsGovernance paralysisConfidence collapse

7. Can Ethereum Reduce Collapse Risk?
Mitigation strategies identified in systemic models include:
Validator decentralizationBetter liquidation throttlesReduced DeFi leverageMulti-chain settlement redundancy
However, no system is collapse-proof—only collapse-resistant.

Conclusion
Using modeling logic similar to that applied by the Bank of Italy, Ethereum emerges as a critical but fragile financial infrastructure. A collapse would not be a simple price crash—it would be a network-wide liquidity and trust failure, with cascading effects across the crypto ecosystem.
For traders, builders, and policymakers, the lesson is clear:
Ethereum risk is no longer speculative risk — it is systemic infrastructure risk.

$ETH

$BTC e tBTC estão prestes a importar muito mais na Ásia...e o mesmo vale para L2s como $SUI e $STRK .
A Coreia do Sul (um dos maiores mercados asiáticos) oficialmente removeu uma proibição de 9 anos que impedia empresas de comprar criptomoedas, abrindo a porta para exposição institucional ao Bitcoin em larga escala.
Esta é uma mudança importante. As corporações agora podem ir além da participação no estilo varejo e começar a alocar Bitcoin no nível do balanço.
Mas manter BTC é apenas o primeiro passo.
As instituições não apenas querem exposição, querem eficiência de capital, liquidez e opcionalidade. Isso requer que o Bitcoin se mova com segurança para ambientes onde a execução acontece.
É aí que o tBTC entra.
O Threshold permite que as instituições:
Movam Bitcoin nativo para DeFi sem custodiantes
Evitem risco de governança e exposição sintética
Façam cunhagem em redes suportadas e resgatem diretamente de volta para BTC
Mantenham o Bitcoin soberano enquanto o tornam produtivo
À medida que mais empresas começam a adquirir Bitcoin, o verdadeiro desbloqueio não é apenas acumulação, é sobre sua ativação.
O tBTC é a ponte que permite que o BTC institucional explore DeFi de forma responsável, sem comprometer os princípios fundamentais do Bitcoin.
A adoção institucional não termina com a compra de Bitcoin.
Ela acelera quando o Bitcoin finalmente pode fazer mais. #ALTESEASSON #defi

Decentralized finance is evolving, and @Dusk is leading that evolution with a strong focus on compliance and privacy. Unlike most public blockchains where all data is visible, Dusk Network allows financial institutions and developers to build applications where sensitive information remains confidential. This makes it ideal for real-world assets, security tokens, and regulated DeFi products.
The $DUSK token is at the heart of this ecosystem, enabling staking, governance, and secure transaction execution. With features like privacy-preserving smart contracts and on-chain confidentiality, Dusk bridges the gap between traditional finance and blockchain technology. As institutional adoption increases, platforms that respect both user privacy and regulatory frameworks will gain massive relevance. Dusk Network is not following trends—it’s building the foundation for the next generation of compliant DeFi.
#Dusk #defi #RWA #cryptofuture #Web3

En el dinámico y a menudo complejo panorama de la Web3, la infraestructura de almacenamiento de datos sigue siendo una pieza fundamental y, a menudo, subestimada. Mientras la atención se centra en NFTs, DeFi y metaversos, la columna vertebral que soporta estas innovaciones, es decir, el almacenamiento eficiente y seguro, es crucial. Aquí es donde @Walrus 🦭/acc emerge como un verdadero game-changer, prometiendo redefinir cómo concebimos el almacenamiento descentralizado de archivos grandes y complejos.
Desde sus inicios, Walrus Protocol ha estado construyendo una solución robusta diseñada para abordar las limitaciones inherentes del almacenamiento on-chain tradicional: la escalabilidad y el costo. A diferencia de otras soluciones que pueden incurrir en tarifas exorbitantes o tener problemas con la integridad de archivos de gran tamaño, $WAL se está posicionando para ofrecer una alternativa eficiente y económicamente viable. Esto es especialmente relevante en un mundo donde el volumen de datos digitales crece exponencialmente cada día.
¿Por qué $WAL es una inversión a considerar y un proyecto a seguir?
Tecnología Innovadora para Archivos Grandes: Walrus Protocol no solo permite el almacenamiento descentralizado, sino que lo hace optimizado para archivos que antes eran un desafío. Piensa en bases de datos extensas, archivos multimedia de alta resolución o colecciones de NFTs complejas que requieren una garantía de permanencia y accesibilidad.Eficiencia de Costos sin Precedentes: Uno de los mayores atractivos de @walrusprotocol es su promesa de reducir drásticamente los costos de almacenamiento. Esto no solo democratiza el acceso a la infraestructura descentralizada para pequeños desarrolladores y proyectos, sino que también ofrece una alternativa competitiva a las soluciones centralizadas.Seguridad y Resiliencia Descentralizada: Al aprovechar los principios de la blockchain, Walrus Protocol elimina los puntos únicos de fallo. Los datos no están custodiados por una única entidad, sino distribuidos y cifrados a través de una red descentralizada, lo que aumenta la seguridad y la resistencia a la censura.Un Ecosistema en Crecimiento: Más allá de la tecnología central, el equipo de @walrusprotocol está fomentando activamente un ecosistema vibrante de desarrolladores y usuarios. Esto incluye herramientas fáciles de usar, APIs accesibles y una comunidad comprometida que impulsa la innovación continua. El token $WAL no es solo una moneda, es el combustible que impulsa este ecosistema, incentivando la participación y garantizando la sostenibilidad de la red.Relevancia en la Web3: A medida que la Web3 evoluciona hacia aplicaciones más complejas y con mayor demanda de datos, la necesidad de una solución de almacenamiento como Walrus Protocol se vuelve innegable. Desde el almacenamiento de activos de metaverso hasta el archivado de datos empresariales en la blockchain, las aplicaciones potenciales son ilimitadas.
Conclusión:
El futuro de la Web3 no puede construirse sobre cimientos frágiles. @Walrus 🦭/acc está sentando las bases para una nueva era de almacenamiento de datos, permitiendo a desarrolladores y usuarios interactuar con la blockchain de formas que antes eran impensables. Mantente atento a $WAL ; esta ballena digital está lista para hacer olas gigantes.
#walrus #Web3 #Blockchain #CryptoInnovation #defi

Ahead of a critical Senate hearing on the CLARITY Act, blockchain and decentralized finance (DeFi) advocacy groups are ramping up pressure. The DeFi Education Fund, a prominent defender of open financial protocols, is sharply criticizing eight proposed amendments, warning they could severely damage DeFi technology and software development rights.
According to the Fund, these proposed changes pose significant legal and technical threats to decentralized innovation. The group is urging senators to reject proposals put forth by lawmakers such as Jack Reed, Catherine Cortez Masto, and Elizabeth Warren, which are set to be reviewed during a hearing on Thursday, January 15, 2026.

Senate Under Fire: CLARITY Act Faces Pushback from DeFi Community
The DeFi Education Fund argues that several of the amendments could:

🔹 Empower the Treasury to sanction smart contracts

🔹 Narrow the legal definition of “non-custodial developers”

🔹 Expand FinCEN’s authority over blockchain platforms

🔹 Ban transactions involving “illegal” DeFi protocols
For example, Amendment 42 could grant broad powers to prosecute smart contracts based on potential misuse. Amendment 75, introduced by Sen. Cortez Masto, could lead to a blanket ban on certain decentralized transactions.
“We must ensure that it is people, not code, that are held accountable — or we risk crushing open innovation,” said Amanda Tuminelli, Chief Legal Officer at the DeFi Education Fund.

Crypto Community Mobilizes: Scoring Senators and Fighting Back
The DeFi Education Fund partnered with the Stand with Crypto campaign to grade senators based on how they vote on DeFi-related issues. Special attention has been drawn to Sen. Warren, who submitted over 20 amendments, including one that removes exemptions for airdrops and other token distributions.
While some amendments raise red flags, the Senate Banking Committee, led by Republican Tim Scott, released a “Myths vs. Facts” document aiming to clarify misconceptions. According to the committee, the CLARITY Act:

🔹 Protects legitimate software development

🔹 Does not threaten the banking system

🔹 Establishes clear accountability for fraud and market manipulation

🔹 Seeks to prevent future collapses like FTX

The Battle Over Crypto Regulation Intensifies
While the House passed its version of the CLARITY Act in July 2025 with bipartisan support (294–134), the Senate debate is heating up.
Coinbase has threatened to withdraw support if the current version limits stablecoin rewards. Critics argue that the bill disproportionately favors established players like Coinbase and Circle while undermining smaller innovators and open-source developers.
Supporters of the legislation stress the urgency of passing a regulatory framework before the November 2026 midterm elections. If the political landscape shifts, much of the current progress could be undone.

#CLARITYAct , #defi , #Web3 , #CryptoRegulation , #Stablecoins

Stay one step ahead – follow our profile and stay informed about everything important in the world of cryptocurrencies!
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

在加密市场，最舒服的赚钱方式不是每天盯着 K 线提心吊胆，而是利用信息差进行“无风险套利”。今天就公开一个只有资深 DeFi 玩家才知道的财富密码：利用 @ListaDAO 的超低借贷成本，结合币安理财（Binance Earn），实现年化近 20% 的稳定币收益！📈
核心逻辑：吃透利差（Spread）
简单来说，就是在 Lista DAO 用极低的利息借出稳定币 $USD1，然后将其投入到高收益的理财产品中。中间的巨大差价，就是你的纯利润。
🛠️ 实操玩法一：蓝筹资产的“吸血”策略（适合 BTCB/ETH/BNB 持有者）
如果不舍得卖掉手中的 BTC 或 ETH，又想赚稳定币的高息，该怎么办？
抵押资产： 将你的 BTCB、ETH 或 BNB 存入 Lista DAO 作为抵押品。超低息借款： 借出 $USD1。目前的借贷利率极低（部分时段甚至低至 1% 左右）。转入套利： 将借出来的 USD1 存入币安交易所享受理财收益（当前部分活动或稳定币理财高达 20%）。
收益测算： 借款成本 1% - 理财收益 20% = 净赚 19%！ 简直是白捡的收益。💸
🐟 实操玩法二：“一鱼多吃”的高阶玩法（适合生息资产持有者）
如果你持有的是 PT-USDe、asUSDF 或 USDe 等生息资产，收益将更加炸裂！
第一层收益： 资产本身的生息属性（例如 USDe 自带的收益）。第二层收益： 将这些生息资产抵押给 Lista DAO，借出 USD1。第三层收益： 借出的 USD1 再去参与高收益理财或挖矿。
这就叫“资产不闲置，收益滚雪球”。Lista DAO 独特的抵押模型，让你的资金效率利用到了极致。
💡 为什么选择 Lista DAO？
市场上借贷平台很多，但像 $LISTA
这样能把借贷成本压到地板价，同时支持多种生息资产抵押的协议屈指可数。它是 BSC 链上释放流动性的最佳工具，没有之一。
总结：
不要让你的蓝筹资产在钱包里“睡大觉”。学会使用 Lista DAO 的低息借贷功能，你就能在这个波动的市场里，稳稳抓住确定性的收益。👇
还没有尝试过的兄弟，建议先用小资金跑通流程，你会打开新世界的大门！
#USD1 #defi #BinanceSquare #Crypto