Here’s what happened in crypto today
Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, Web3 and crypto regulation.
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DEFI news today
Headlines from leading crypto outlets with a short Blockdeck Brief and how the market moved since. Every story credits its publisher.
Binance Hacker Hunts for Exit Ramps as DeFi Exchanges Pause Markets
Wallets linked to the suspected Binance hack are reportedly converting stablecoins that can be frozen into Ethereum on decentralized exchanges, according to Etherscan records. The story also notes that some DeFi platforms have paused trading. ETH was trading at $2,274 when the story was published and has since slipped 0.1%.
Crypto Spends $176 Million on Midterms, But Only 13% of Voters See It as a Priority
Industry spending on next week's US midterm elections has reached about $176 million, yet a survey by Ipsos for the DeFi Education Fund found that only 13% of Americans rate a candidate's support for crypto growth as very important. Bitcoin was priced at $80,979.70 when the story ran and has since moved -1.83%.
From rivals to partners: Polygon and Solana team to bring stablecoin payments to banks
Former competitors Polygon and Solana are teaming up to link Solana's stablecoin activity with Polygon's banking, wallet and payment tools, aiming to bring stablecoin payments to banks. Since the story ran, SOL has moved -4.76%, from 102.236 USD.
Polygon Extends Its Stablecoin Payments Infrastructure to Solana
Polygon is bringing its stablecoin payments infrastructure to Solana, giving businesses on that network a single integration for bank funding, embedded wallets, cross-chain transfers and global payouts. Cross-border firm Kira is among the first to adopt it. SOL was $100.55 at publication, and since the story it is down 3.3%.
Bitcoin lending and yield could drive next wave of institutional demand, Rootstock says
A new report from Rootstock suggests that institutions using Bitcoin for lending, collateral and financing could generate demand that goes beyond holding it as a store of value. Since the story was published, BTC was $80,170 when the story was published, rising 0.2% in the first hour and now down 0.9% since then.