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The decentralized platform Pendle Finance sees a surge in liquidity crossing the $500 million threshold on the heels of a deal with Ondo Finance. Pendle Finance’s native token PENDLE is up over 18% follow ing a deal with Coinbase-backed protocol Ondo Finance, which revealed in an X post on Jan. 29 that its users can now leverage the “composability of our tokenized cash equivalents.” Welcome to the Ondo Ecosystem, @pendle_fi! We're excited to support Pendle in enabling DeFi participants with yield swaps, leveraging the composability of our tokenized cash equivalents! Explore the Ondo Ecosystem: https://t.co/baTEYoe9EQ pic.twitter.com/88VXY6uYq6 — Ondo Finance (@OndoFinance) January 29, 2024 While specific details regarding the collaboration remain undisclosed, the announcement has seemingly played a role in fostering positive sentiment within the Pendle community. According to DefiLlama data, the total value locked (TVL) in Pendle Finance set a new al...

The U.S. Senate is again preparing to tackle crypto industry regulation through a new bill. The proposed Crypto-Asset National Security Enhancement Act of 2023, backed by bipartisan support, aims to enforce strict anti-money laundering (AML) measures on decentralized finance (DeFi) protocols , mandating them to adopt banking-like controls for their users. Regulating DeFi DeFi protocols , the decentralized applications enabling users to engage in crypto borrowing, lending, and trading through smart contracts, present a unique regulatory challenge due to their operation on permissionless blockchains.  However, the proposed bill released on July 18 addresses these concerns by imposing obligations on those who exert control over DeFi protocols or offer user-friendly interfaces for their complex smart contracts, akin to Uniswap Labs facilitating Ethereum’s primary decentralized exchange. You might also like: Dormant whale awakens after 8 years, moves over $116 milli...

The Paraspace CEO and consultants accused each other of mismanaging funds with the Paraspace team asking the CEO to step down publically. The Paraspace NFT protocol saga over the whereabouts of the protocol ’s fund took another turn on May 19 as co -founder Jay Yao resigned from his position in the company. Last Week, the NFT protocol made headlines over the missing funds and a barrage of accusations by chief executives and CEO against each other. The decision by Yao to leave the firm came a week after the Parapace team clashed with the CEO Yubo Ruan about the missing funds. Ruan at the time maintained that he was innocent and being framed by the likes of Yao to step down as CEO. Ruan also alleged that Yao and another Paraspace consultant Thomas Schmidt illegally obtained access to the protocol ’s multisig accounts and social media platforms. Contributors at @ParaSpace_NFT , I write to make you aware of a pressing matter concerning our company. Two former consultants, Thomas Schmi...