DeFi & Markets
DeFi and crypto market structure is where most innovation is happening — and where most readers actually need help separating signal from noise. LeoDex News covers DEX volume rotations (which venues are eating CEX market share, which perps platform owns the long-tail), stablecoin flow data, lending/borrowing rates, real-world asset tokenization, and the cross-chain bridge economics that quietly underpin everything.
Our angle is structural: we explain WHY a DEX is winning rather than just reporting the volume number. We name the actual mechanism behind a yield rate spike. We surface the silent risks (concentrator dominance, oracle dependencies, smart-contract exposure) that headline pieces tend to skip. Trade DeFi assets non-custodially on LeoDex — aggregates 100+ DEXes across 60+ chains.
Latest in DeFi & Markets
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NES Token Recovery Splits Holders Across Exchanges After $286M Exploit
NES token returned to trading on Binance Alpha and Kraken on September 10 after a security incident on August 24. The exchanges use different eligibility rules and snapshots for swaps and refunds, leaving some holders with unequal recovery outcomes.
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Federal Reserve reverse repo facility shrinks to $4.7B from $2.5T peak
The Federal Reserve's overnight reverse repo facility accepted just $4.7 billion in its latest operation, down from over $2.5 trillion in late 2022. The dramatic decline reflects successful liquidity drainage but leaves policymakers with less cushion for future tightening.
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Anchorage Digital Enables Institutional Access to Frgmnt's fUSD Stablecoin
Anchorage Digital Bank, a US federally chartered crypto bank, has partnered with stablecoin protocol Frgmnt to give institutional clients access to fUSD and sfUSD tokens through its custody platform, allowing institutions to hold, mint, redeem, and stake without separate custody arrangements.
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Bitcoin Rallies to $79K as Markets Parse Mixed Inflation Data
Bitcoin bounced back to near $79,000 after initial weakness on cooler annual inflation, though a hotter-than-expected monthly core reading kept Fed rate-hike odds near 62% on Polymarket ahead of September's decision.
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Bitcoin ETF outflows accelerate; ARK 21Shares leads $282.6M exodus
US spot Bitcoin ETFs recorded their largest daily outflow in nearly two months on Thursday with $282.6 million in net redemptions, as ARK 21Shares' ARKB accounted for $164 million. A three-day selling streak brought weekly outflows to $449 million, reversing part of a $3.8 billion inflow streak earlier this year.
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Citadel Securities urges SEC to regulate equity-linked derivatives over insider trading risk
Citadel Securities asked the SEC to assert jurisdiction over equity-linked event contracts tied to public companies, arguing trading venues are exploiting CFTC's lighter-touch approval to sidestep securities oversight and expose markets to insider trading.
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Strategy cuts net debt to $174M, challenges S&P junk rating
Strategy, the largest Bitcoin treasury firm led by Michael Saylor, has reduced net debt from $8.16 billion to $174 million and built $6.54 billion in dollar liquidity, challenging S&P's B- credit rating rationale. The company raised $21 billion in equity over eight months despite Bitcoin falling 30%.
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Bybit pursues MiFID II license for crypto-stocks trading in Europe
Bybit secured MiCA authorization in May 2025 and launched its European platform at bybit.eu by July. The exchange is now pursuing a MiFID II license to offer regulated derivatives alongside crypto and traditional assets across the EEA.
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Monad raises $269M in public token sale from 86,000 participants
Monad's Layer 1 blockchain sold 7.5 billion MON tokens at $0.025 each through Coinbase's platform in November 2025, raising $269 million from nearly 86,000 participants across 80 countries and implying a $2.5 billion fully diluted valuation.
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Bitcoin sell-side risk hits rare lows as $80K sellers fade
Bitcoin's sell-side risk ratio has plummeted to 7, one of the lowest readings on record, signaling minimal panic selling and a potential accumulation phase as investors hold through recent price strength.
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Bitcoin ETFs Post $147M Outflow in Two Sessions
U.S. spot Bitcoin ETFs recorded consecutive daily outflows totaling $147 million, though September inflows remain positive at $622.7 million as institutional demand weakens after the holiday weekend.
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Tether launches $400M private-credit fund as defaults hit five-year highs
Tether and Fasanara Capital unveiled StableFund, a $400 million vehicle targeting up to $3 billion in institutional capital for USDT-backed lending across fintech networks. The move marks Tether's expansion into private credit as major funds report record defaults.
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Sunrise expands tokenized stocks on Solana to 30-plus listings
Sunrise, a Solana liquidity protocol, listed 20 additional tokenized stocks via Backpack Securities, expanding the ecosystem to 30-plus tickers including Micron, Moderna, and Nike. The move reflects growing DEX trading volume ($734 million by mid-July) and total tokenized equity supply ($465 million) on Solana, though regulatory clarity remains uncertain.
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Dee Goens Replaces Jacob Horne as Zora CEO, $ZORA Token Launches
Zora co-founder Dee Goens stepped into the CEO role after Jacob Horne's departure on April 23, the same day the platform launched its $ZORA token. The move caps a dramatic transformation that has pivoted Zora toward creator and content coins in the SocialFi space.
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Osmosis Pauses Alloyed BTC After Nomic Chain Exploit Freezes 22.65 BTC
Osmosis suspended minting and redemptions for its alloyed BTC product after a double-spend vulnerability on the Nomic blockchain compromised 39.84 nBTC. An emergency upgrade locked the stolen funds, and the exchange plans a governance vote to seize the frozen assets.
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Block applies for OCC trust bank charter for Bitcoin custody
Block has applied to the Office of the Comptroller of the Currency to establish Builders Bank & Trust, a federally supervised national trust bank for digital asset custody that would not accept deposits or make loans.
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Charles Schwab Files $4.8M XRP ETF Collateral Position
A regulatory filing shows Charles Schwab's Prime Advantage Money Fund holding nearly $4.8 million in XRP ETF shares as collateral across three separate products, signaling institutional adoption of ripple-linked exchange-traded funds.
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Bitcoin ETFs pull $31M inflow as Ethereum products bleed $48M
Bitcoin ETFs recorded a $31 million inflow on September 2 while Ethereum products suffered a $48 million outflow, snapping a 12-session winning streak and signaling a potential shift in institutional appetite for risk.
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Hyper Foundation controls 49% of staked HYPE, raising centralization concerns
The Hyper Foundation's validators control roughly 49% of all staked HYPE tokens, concentrating governance power and creating security risks on Hyperliquid's Layer 1 blockchain. No announced plan exists to diversify validator control.
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AUSTRAC cancels 45 crypto and remittance registrations in regulatory sweep
Australia's financial regulator AUSTRAC canceled, suspended, or refused renewal of 45 remittance dealer and virtual asset service provider registrations over 12 months, citing dormancy, insolvency, and money-laundering risks.
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Solana ranks fourth in Zcash spot trading with $64M in 24 hours
Solana ranked fourth globally for Zcash spot volume with $64 million in trades over 24 hours, a 220% jump from prior metrics. The surge highlights DeFi's liquidity growth but underscores cross-chain bridge risks that have historically been the largest attack vector in decentralized finance.
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Liquid Bitcoin sidechain halted after $320M withdrawal; Citi, DBS tokenize payment
Bitcoin sidechain Liquid halted operations after actors claiming to be white-hat hackers withdrew $320 million in Bitcoin, while Citi and DBS completed a tokenized cross-border payment in minutes—and Chilean exchange Orionx shut down after losing $7 million in customer funds.
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Capital B acquires 376 BTC for $29M, largest purchase in a year
French bitcoin treasury firm Capital B spent €25.3 million ($29.4 million) on 376 BTC, marking its biggest annual purchase and bringing total holdings to 3,521 BTC, funded by recent capital raises including a €28.7 million private placement.
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Malaysia's bonds attract record inflows on AI infrastructure boom
Foreign investors poured billions of ringgit into Malaysian government securities in August 2026, driven by enthusiasm over the country's artificial intelligence and data center expansion. The inflows highlight growth potential but face headwinds from rising yields and global volatility.