Curve Explained: Stablecoin Pools, LP Exposure and Lending
An LP token represents a share of a changing asset mix. Trading fees, token incentives and lending interest come from different sources.
Latest from The Defiant
Headlines from leading crypto publishers, updated every 15 minutes. Each item shows a short summary from the publisher's own feed and links to the full original story. Our own reporting is in Latest news.
Binance Restores USD Withdrawals as Post-Hack Reopening Expands
The exchange says all 15 initial crypto network groups have reopened, but withdrawals for several other tokens remain suspended.
Binance Attacker Splits $292 Million in XRP Across Six Wallets
The six recipients showed no outgoing payments, but native XRP cannot be frozen by Ripple, leaving exchanges as a potential interception point.
BTCPay Links Hot-Wallet Drains to Versions 2.4.1 and Older
The team urges operators to update and says it has no credible reports of drains on the latest 2.4.7 release.
Anza Urges Solana Validators to Act on Critical Linux Flaw
Ubuntu operators were told to filter incoming traffic and disable two networking features while awaiting a fixed kernel.
Maple’s syrupUSDC and syrupUSDT Explained: Returns, Risks and Exits
Pool withdrawals depend on available liquidity and have no guaranteed deadline. Selling a token on an exchange is a different exit, at a market-determined price.
Institutional Crypto Custody: A Guide to Roles and Control
Keeping tokens with a bank does not rule out pledging them for a loan. Separate safekeeping, signing permissions and authority to sell collateral before comparing services.
BTCPay Server Urges Shutdown After Reports of Hot-Wallet Sweeps
Operators were told to run ./btcpay-down.sh while the project investigates. The alert did not identify affected versions or announce a patch.
What Is RLUSD? Ripple’s Stablecoin Backing and Redemption Explained
Direct dollar redemption requires an approved customer relationship. Exchange sales and Earn lending deposits follow different rules.
Binance Posts $4.54 Billion Net Outflow as Tracked Rivals Gain $564 Million
OKX led gains among 10 large tracked rivals, but exchange-wide net flows do not reveal how much Binance customers moved into self-custody.
THORChain Co-Founder Cites Public Data After FBI Binance Blocking Appeal
The FBI explicitly named THORNode operators in its appeal. The protocol’s controls allow broad trading halts, which also interrupt other users.
Threshold Says tBTC Operators Patched or Went Offline Over Linux Flaw
Threshold also disclosed a separate incident that drained about 0.5 ETH from an operator’s fee-paying account. Aave’s frozen Ethereum Core reserve holds about $136.3 million of tBTC.
Solana Mobile Says Fake 'SKR Claim' App Reached Store Spotlight
The company says it patched a bug allowing links to apps that were not fully published and is removing the malicious app from affected devices.
Analyst Traces $140 Million in Binance Loot Through Four Tron Exit Routes
SomaXBT’s breakdown focuses on assets left unfrozen on Tron. The FBI’s Oct. 31 blocking request explicitly includes THORChain node operators and downstream funds.
Binance-Hack Launderers Reach Solana After Draining $500 Million on Tron, Chainalysis Says
The firm says the Tron operation spanned more than 1,000 addresses and over 3,000 deposits before funds dispersed across chains.
OKXICE Stock-Token Objections Reach 50, Including Nvidia
Disclosed objections cover 44 of the venue’s original 63 proposed stock symbols, leaving 19 without a disclosed opt-out.
Swell Lifts swETH and rswETH Withdrawal Pauses After Rate Reset
Swell promises compensation within a week for deposits made at inflated rates, but both tokens’ direct-deposit controls still show a pause.
DeFi Fees, Revenue and Holder Payouts: How the Money Flows
Buybacks and burns can count as holder revenue without putting cash in a wallet. A worked example separates those flows from treasury income and staking payouts.
How Pendle Principal Tokens Turn a Discount Into a Maturity Return
An early sale replaces the maturity payoff with a market price. A worked example separates annualized yield, redemption units and costs.
How Staking Rewards Change Token Holdings and Supply Share
In a hypothetical year, a 9% net token reward produces a 3.81% gain in supply share when total supply grows 5%. Dollar returns depend on price.
What Happens When a Uniswap v3 Position Goes Out of Range?
An ETH/USDC worked example tracks token balances, fees and the holding benchmark—and shows why opening a new range does not reset cumulative returns.
How to Read Kraken’s Proof of Reserves—and Its Limits
Kraken’s June 2026 snapshot separates customer-balance inclusion from wallet control. Neither alone guarantees solvency or withdrawal access.
How Circle Makes Money From USDC—and Why Reserve Income Is Not Profit
Circle’s second-quarter accounts trace $701.315 million in revenue and reserve income to $48.214 million in net income, after distribution costs, operating expenses and taxes.
Uphold RLUSD Earn vs. Ethena Pay Earn+: Lending and Leverage Compared
An equal-$10,000 illustration shows how rising borrowing costs can turn a leveraged stablecoin strategy negative without a depeg.
USDT vs. USDC: What Backs Them and How Dollar Redemptions Work
Tether publishes a $100,000 minimum for direct redemption. Circle Mint serves institutions, while a separate European policy provides a retail route subject to checks.
Binance Begins Reopening Withdrawals With Bitcoin After $6.3 Billion Hack
The exchange says it has replenished about 95% of the impacted amount, with less-liquid tokens accounting for the remaining 5%.
FBI Attributes $6 Billion-Plus Binance Hack to North Korea
The bureau named TraderTraitor and sought blocks on the laundering trail, while Binance kept Nov. 1 as its withdrawal restart target.
Jupiter Lend USDC Withdrawal Liquidity Rebounds to 27.9 Million
An Oct. 31 API snapshot showed 6.3% of the vault's 441 million USDC in deposit claims immediately withdrawable.
Threshold Says tBTC Is Fully Backed as Bridge Pause Continues
Aave’s Ethereum Core tBTC reserve remains frozen, while Gauntlet says roughly 640,000 USDC remains supplied to a tBTC-backed Morpho market.
Intersect Urges Cardano Operators to Patch Critical Linux Flaw
Ubuntu fixes were still in progress in its Oct. 30 tracker update, while AlmaLinux had patched kernels available for testing.