Uniswap Fee Switch Talk Shows DeFi Governance Is Still Searching For Sustainable Revenue

The post Base TVL Above $2 Billion Shows Coinbase’s Layer-2 Is No Longer A Side Bet appeared on BitcoinEthereumNews.com. Base TVL Above $2 Billion Shows Coinbase’s Layer-2 Is No Longer A Side Bet Sign Up for Our Newsletter! For updates and exclusive offers enter your email. This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy. I Agree Source: https://bitcoinist.com/base-tvl-above-2-billion-shows-coinbase-s-layer-2-is-no-longer-a-side-bet/

The post Mapping SKY crypto’s path to $0.067 – Can bulls keep the rally alive? appeared on BitcoinEthereumNews.com. Sky [SKY] rallied 11% over the past day, extending a stretch of steady performance for the protocol. At press time, usage across the protocol ran high, generating $987,000 in fees over the past 24 hours, while volume peaked at $13.49 million within the same window. Notably, token volume has also trended higher, rising 5.78% to $23.25 million. Together, the price and volume gains point to strengthening performance, and several signals suggest SKY could extend the move. Can SKY rally toward $0.67? SKY could climb toward roughly $0.067, a level the token last touched in early June. The outlook rests on a recent chart formation, with SKY carving out an inverse head-and-shoulders pattern. An inverse head-and-shoulders typically forms ahead of a stronger move to the upside. The structure is still developing, but a clean break above the $0.050 neckline would open the door to a m

Base crossing $2 billion in total value locked is a milestone that changes the way the network should be discussed. This is no longer just Coinbase’s experimental layer-2. It is a meaningful DeFi venue with enough liquid

The post Hyperliquid Urges CFTC to Exempt DeFi From Legacy Rules in July 9 Filing appeared on BitcoinEthereumNews.com. Hyperliquid News The Hyperliquid Policy Center (HPC), together with non-custodial wallet provider Phantom, has formally asked the US Commodity Futures Trading Commission (CFTC) to stop treating decentralized finance like traditional financial intermediaries. The joint comment, filed ahead of the agency’s July 9 deadline, argues that on-chain protocol software and self-custody wallets are tools, not brokers, and that the derivatives rulebook was never written for them. The filing responds to a Request for Information the CFTC issued on June 18, which invited the industry to identify rules that obstruct financial technology. HPC frames the submission as squarely within the commission’s existing authority to act. The comment lays out three concrete requests. First, it asks the CFTC to confirm that publishing on-chain protocol code does not, by itself, require registration

Uniswap has always been one of DeFi’s clearest product successes, but the fee-switch debate shows why product success and token value are not always the same thing. The protocol can process enormous volume, yet governanc

The post Phantom and Hyperliquid Seek CFTC Clarity on DeFi Infrastructure appeared on BitcoinEthereumNews.com. Crypto wallet provider Phantom and the Hyperliquid Policy Center have urged the US Commodity Futures Trading Commission (CFTC) to exempt blockchain protocol developers and non-custodial wallet providers from regulations designed for traditional financial intermediaries. In response to a CFTC request for information on regulations affecting fintech firms, the companies asked the agency to confirm that blockchain protocol developers do not have to register solely for creating onchain software, issue guidance allowing regulated derivatives firms to use blockchain infrastructure, and codify exemptions preventing non-custodial wallet providers from being treated as introducing brokers. The companies argued that existing CFTC regulations were designed for custodial financial intermediaries that hold customer assets and process trades, while onchain protocols allow users to transact

The post Hyperliquid, Phantom Ask CFTC to Exempt DeFi From Broker Rules appeared on BitcoinEthereumNews.com. The joint filing asks regulators to turn Phantom’s March no-action relief into a formal rule covering all non-custodial wallet providers. The Hyperliquid Policy Center and wallet provider Phantom filed a joint comment with the Commodity Futures Trading Commission on Thursday, arguing the agency’s registration rules for exchanges and brokers should not apply to onchain protocol software or non-custodial wallets, according to HPC’s own post on X. The filing responds to a request for information the CFTC and SEC issued jointly in mid-June, seeking industry input on rules that hinder financial-technology innovation. Three Requests HPC and Phantom laid out three asks. First, confirmation that publishing onchain protocol software alone does not trigger registration as an exchange or clearinghouse. Second, a clear path for firms already registered with the CFTC to run regulated functio

The joint filing asks regulators to turn Phantom's March no-action relief into a formal rule covering all non-custodial wallet providers.