Hyperliquid Advances Plan to Launch Proprietary Stablecoin
Decentralized exchange Hyperliquid announced plans to introduce USDH, its own U.S. dollar stablecoin, via an on-chain governance vote. The move aims to reduce reliance on USDC, capture reserve yield revenues, and support trading volume exceeding $398 billion per month.
DeFi lending jumps 72% on institutional RWA adoption
DeFi lending volumes surged 72% in August as institutional demand for real-world asset collateral grows, according to Binance Research. Stablecoins backed by tokenized bonds and commercial paper underpinned much of the increase. Protocols offering RWA mortgages and asset-backed tokens attracted significant capital flows.
Lido Launches GG Vault for One-Click DeFi Yield Access
The Lido Ecosystem Foundation introduced GG Vault, a new product that automates allocation of ETH, WETH, stETH and wstETH deposits across multiple DeFi protocols. The Vault integrates Uniswap, Aave, Euler, Balancer and other platforms under a single interface. The launch aims to simplify yield generation and support validator diversity.
Trump-Linked World Liberty Team Floats Buyback-and-Burn Plan as WLFI Sinks
WLFI governance team has proposed a buyback-and-burn mechanism using protocol-owned liquidity fees to repurchase and destroy tokens, aiming to reduce supply and restore confidence as WLFI trades down 24% on debut and faces alternative community staking proposals.
Trump's World Liberty Financial tokens begin trading
Some digital tokens backing the Trump family’s World Liberty Financial venture began trading on Monday after a vote by early investors allowed up to 20% of holdings to become tradable. Listings launched on Binance, OKX and Bybit following secondary market preparations.
DeFi will outlast government and corporate walled garden efforts, says Fold CEO
Fold CEO Will Reeves argued that decentralized finance protocols will endure attempts to impose traditional financial controls, predicting that permissionless networks will ultimately prevail despite identity and custody regulations.
Binance Integrates Mitosis (MITO) Across Trading Platforms
Binance has launched the Mitosis (MITO) Layer 1 token across its Earn, spot, and futures platforms. Deposits opened on Aug 29 and trading commenced at 15:30 UTC with pairs USDT, USDC, BNB, FDUSD, and TRY, plus up to 50x leverage on perpetual contracts. A 15 million MITO airdrop is set for BNB holders.
Seazen Group Launches Institute to Tokenize Real-World Assets
Seazen Group created Seazen Digital Assets Institute in Hong Kong to evaluate tokenization of intellectual property and asset income into blockchain-traded tokens. Plans include issuing tokenized private debt and NFTs of commercial properties before year end to enhance liquidity and reduce issuance costs.
Bitcoin-First Startup Secures $50M in Series Funding
Portal to Bitcoin, a protocol for trust-minimized cross-chain trading, has raised $50 million led by Paloma Investments, bringing total funding to $92 million. New capital will support expansion of BitScaler for native Bitcoin scaling without third-party custodians.
Finastra Integrates USDC Settlement into $5T Global Cross-Border Payments Hub
Finastra will integrate USDC into its Global PAYplus payments hub, which processes $5 trillion in daily cross-border flows, aiming to reduce costs and accelerate settlement. The integration highlights growing institutional interest in stablecoin-based transfers. The rollout will begin under existing regulatory frameworks.
Hyperliquid’s HYPE Hits Record High Above $50 on Trading Boom, Token Buybacks
Hyperliquid’s native token HYPE surged 8% in 24 hours to a new all-time high above $50 driven by record derivatives volume and an automated on-chain buyback mechanism. The protocol booked $105 million in August fees, fueling sustained buy pressure. ByteTree analysts highlight strong fundamentals but warn of valuation and upcoming token unlock risks.
AAVE Leads Top 40 Cryptocurrencies With 19% Surge in One Day
AAVE rallied 18.7% to $355.29 amid its V3 launch on Aptos and dovish Fed signals. Aptos deployment included audits, bug bounty and initial asset caps. WLFI exposure was cited as an undervalued catalyst.
Lido and Ethena Rally Over 10% as Traders Snap Up Staking Tokens
Lido’s staked ether token and Ethena’s synthetic yield token both surged more than 10% amid broader market optimism. Traders cited attractive yields, reduced funding costs, and anticipation of protocol upgrades as drivers. Volume spiked significantly on DeFi platforms.
MetaMask Introduces mUSD Stablecoin Backed by Dollar Equivalent Assets
MetaMask has launched mUSD, a new dollar-pegged stablecoin on Ethereum and Linea, with plans for a linked debit card for on-chain payment. The token aims to enhance on-chain utility through low fees and regulatory compliance.
Bitcoin bull and billionaire files for $250M SPAC targeting DeFi, AI
Early Bitcoin investor Chamath Palihapitiya has filed to raise $250 million via SPAC American Exceptionalism Acquisition Corp A. The vehicle will target decentralized finance, AI, energy and defense sectors. SEC registration was submitted Monday.
Centrifuge tops $1B TVL as institutions drive tokenized RWA boom
Blockchain infrastructure platform Centrifuge has surpassed $1 billion in total value locked, joining BlackRock’s BUIDL and Ondo Finance in the tokenized real-world asset sector. CEO Bhaji Illuminati credits institutional deployments and strong onchain allocator demand for the milestone.
Memeagent launches $CHAD token presale to power AI-driven campaign protocol
Memeagent.io opened its $CHAD token presale on Aug 14, offering participants an early allocation in the protocol’s AI-powered campaign issuance network, aiming to enhance engagement through programmatic memecoin creations.
Nasdaq-listed firm slumps 50% on BONK memecoin treasury play
Safety Shot Inc. announced a $25 million treasury allocation into BONK tokens via preferred share issuance, triggering a 50 percent drop in its stock as investors reacted to the high-volatility memecoin strategy.
Tokenized Equities Need ADR Structure to Protect Investors
Ankit Mehta argues that tokenized equity markets should adopt an ADR-style framework to ensure legal clarity, shareholder rights, and custodial safeguards. Depository receipts could bridge traditional securities and blockchain, offering a scalable, compliant model.
Institutional Frenzy Pushes Ethereum DEX Volumes Above Solana
Ethereum DEX volumes surged to $24.5 billion over 48 hours, eclipsing Solana’s $10 billion, fueled by record spot ETF inflows and institutional demand. Uniswap led with $8.6 billion traded, while staking tokens like Lido’s LDO jumped 65% on favorable SEC guidance.
Coinbase Revives Stablecoin Funding Program to Bolster DeFi Liquidity
Coinbase Asset Management relaunched its Stablecoin Bootstrap Fund to provide USDC and EURC liquidity across Aave, Morpho, Kamino and Jupiter. The initiative aims to support emerging and established DeFi protocols amid a $200 billion ecosystem under rapid growth.
Binance Alpha Lists WAI Token with Exclusive Airdrop
Binance Alpha opened trading for the AI-driven World3 (WAI) token on August 12 at 08:00 UTC. Active users can claim an exclusive WAI airdrop based on Binance Alpha Points to incentivize early participation.
Summon.fun Main Coin Launchpad to Debut on Sui Blockchain
Summon.fun is launching this month as the primary coin launchpad on the Sui blockchain, enabling instant meme coin token creation and offering a professional Web3 studio. Expansion to Solana is planned within weeks.
Ethena Labs’ USDe hits $10 B TVL in 500 days
USDe became the fastest stablecoin to reach $10 billion in total value locked, accomplishing the milestone in just 500 days. The rise follows the GENIUS Act’s ban on stablecoin yields, driving capital toward DeFi protocols for yield generation.
Pendle’s TVL Hits Record $8.3B After Launch of Boros Yield Platform
Pendle’s total value locked reached $8.27 billion following the debut of its Boros yield-trading platform, enabling traders to go long or short on funding rates. Initial deposits included over 283 WETH and 6.4 WBTC, while active addresses surged to 1,428. PENDLE token gained 45%, outperforming the CoinDesk 20 index.
SharpLink Raises $200M to Expand Ethereum Treasury to $2B
SharpLink Gaming completed a $200 million direct offering at $19.50 per share with four institutional investors. Proceeds will fund additional ETH purchases to boost the company’s holdings above $2 billion, making it one of the largest corporate ETH treasuries.
Pendle Launches Boros Platform for Betting on BTC and ETH Funding Rates
Pendle launched Boros on Arbitrum, allowing speculation on Bitcoin and Ether funding rates through Yield Units. The platform caps open interest at $10 million and supports up to 1.2× leverage. Planned expansions include additional token listings and liquidity integrations.
Retail XRP Holders Can Now Tap DeFi on Flare, No Seed Phrase Needed
Flare Network launched Luminite, a seedless wallet that enables XRP holders to wrap tokens into FXRP via FAssets and access DeFi protocols without managing seed phrases. Authentication uses passkeys, biometrics or email, simplifying on-ramp to staking, swaps and bridging. The move broadens XRP’s utility by adding smart-contract compatibility to a previously non-programmable asset.