DeBank launches DeBank Swap, Anoma Launches Testnet, CoinDCX Drained for $44.2M, Earn 38% APY by LPing in New Protocol, and more...
Launches π
President Trump signed the GENIUS Act into law, marking the first major U.S. legislation regulating stablecoins. The bill establishes clear rules for issuing dollar-backed stablecoins and opens the market to banks and nonbanks, aiming to strengthen the U.S. dollar in digital finance. Trump hailed it as a milestone for crypto, calling it βa massive validationβ of the industry.
The law is part of a broader βCrypto Weekβ initiative, which also saw the passage of the Clarity Act and Anti-CBDC Act, signaling a significant shift toward mainstream adoption of digital assets in the U.S.
DeBank launched DeBank Swap, a new feature that scans top aggregators to deliver the best price with pre-trade simulations for accurate quotes. The tool aims to provide clear, reliable swaps without guesswork.
TopCut Finance is now live on Arbitrum, introducing Precision Marketsβa new DeFi primitive where traders compete to predict crypto prices with high accuracy. The closest 9% of predictions win up to 10x (1000%) returns on their capital, with no traditional leverage involved.
This marks a novel approach to trading focused on precision and daily high-reward opportunities.
Hyperbeat introduced beHYPE, a liquid staking token for HYPE on Hyperliquid. Users can pre-deposit HYPE to earn 2.21% yield, Hearts, and ETHFI points, with a 2.5M HYPE cap. On August 31, deposits convert to beHYPE, enabling staked HYPE to remain secure while unlocking DeFi utility.
Kaia released v2.0.3, finalizing its v2.0 mainnet upgrade with key features like Consensus Liquidity (dual staking + LP rewards), Gas Abstraction (pay gas in USDT/BORA), and Ethereum Prague hardfork compatibility. Node operators are urged to upgrade for improved performance, API fixes, and full EVM support
Aaveβs new Umbrella staking module is now live on DeFi Saver
Users can access yields like 7.35% on USDC, 8.38% on USDT, and 8.43% on GHO. Itβs a governance-free safety system that rewards you for staking while helping cover bad debt. Available now on Ethereum with a 20-day cooldown and 2-day withdrawal window.
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Today in DeFi is Supported by DeFiSaver
Updates π°
pump.fun launched Creator Fees for Community Takeovers (CTOs), allowing active community leads to claim fees from abandoned coins still on the bonding curve or migrated to PumpSwap. Eligibility requires clear, undisputed leadership, and applications must be submitted via the official form. Coins migrated to Raydium before March 20, 2025, are not eligible.
Euler and Brahma launched Swype, a crypto-powered credit card on Base that lets users borrow in real time against their Euler positions. Funds remain productive until used, enabling just-in-time payments without selling crypto. Users need at least $1,000 in Euler to access the card.
Newmoney Wallet is now live on Linea, offering gas-efficient bridging, swapping, and dApp support with 0% fees until TGE. The agentic smart wallet is designed for speed, security, and seamless Linea integration.
The dYdX Foundation introduced a governance-approved Buyback Program that uses protocol revenue to acquire DYDX from the market and stake it on the dYdX Chain. The initiative reduces circulating supply, boosts validator incentives, and aligns protocol usage with token demand.
Boundless announced that Risc Zero is joining to help build The Signal, an open-source ZK consensus client. The collaboration aims to enable trustless zero-knowledge interoperability across the Ethereum ecosystem.
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Issues β οΈ
CoinDCX confirmed a $44.2M breach of an internal liquidity provisioning account, stating no customer funds were affected and losses will be covered from treasury. The incident, flagged earlier by ZachXBT, involved Tornado Cash-funded withdrawals bridged from Solana to Ethereum. CoinDCX has isolated the breach and is coordinating recovery with security partners.
subs.fun announced it will shut down by July 31, citing the challenges of scaling a social layer around tokenized forums. The platform saw over $35M in trading volume and 72K posts, but the team said it isnβt ready to pursue the broader vision. Users can post farewells until monthβs end and withdraw funds within 60 days.
Upcoming β³
WLFI addressed launch concerns, confirming no team or advisor tokens will unlock at TGE. Early public sale buyers at $0.015 and $0.05 will receive partial unlocks, with full unlocks subject to community votes. No new pre-sale is planned; instead, WLFI will launch a reward program via major CEXs. The team is delaying the launch to align with a major event and ensure long-term success.
All available USDC in Jupiterβs JLP Loans was fully borrowed within 24 hours of launch. The product enables users to borrow against yield-bearing JLP, with liquidations handled by burning JLP instead of market selling.
More USDC will be added cautiously in the coming week.
Cashmere Labs teased a collaboration with Circle, encouraging entrepreneurs to "build something real." Details are limited, but the partnership suggests upcoming developments around stablecoin or payment infrastructure.
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Airdropsπͺ
Anoma launched its testnet, introducing a unified app layer for Web3 built on user intents rather than manual transactions. The testnet offers an interactive, educational experience and is accessible via invite codes. Anoma aims to streamline dApps across chains, with Ethereum integration and mainnet development underway.
Farms π§π»βπΎ
ether.fi and Hyperbeat launched pre-deposits for beHYPE, a liquid staking token for HYPE, with a 2.5M HYPE cap. Early participants will earn 10M HyperBeat Hearts from the 51M total supply. Deposits are now open.
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