# Сопутствующие статьи по теме DeFi

Columbia Professor Exposes the 'Conspiracy of Giants Going On-Chain': Beware the 'Suit Simps' Selling Out Crypto's Future

In his article, Columbia Business School professor Omid Malekan expresses skepticism toward the recent embrace of tokenization by major traditional finance (TradFi) firms—including DTCC, SWIFT, Visa, Stripe, and PayPal. While these companies publicly promote blockchain's benefits—such as real-time payments, 24/7 settlement, and programmability—they largely ignore the existential threat that permissionless, decentralized networks pose to their core business models. Malekan argues that truly decentralized systems like Ethereum fundamentally challenge the centralized control these institutions rely on. For example, DTCC’s tokenization efforts avoid addressing how direct on-chain issuance could eliminate the need for centralized clearinghouses. Similarly, stablecoins threaten SWIFT’s cross-border messaging monopoly and Visa’s card-based payment model. Although these firms see growth opportunities in blockchain—such as new fee structures or expanded services—they face an innovator’s dilemma: their legacy businesses must be disrupted for crypto’s full potential to materialize. Malekan warns that these companies, driven by risk aversion and entrenched interests, may push for regulatory capture and compromise core crypto values like permissionless access and censorship resistance. He highlights concerning trends: JPMorgan limiting tokenized assets to accredited investors, DTCC favoring permissioned “enterprise chains,” and Stripe supporting a initially permissioned blockchain. Malekan cautions against “suit simps” in crypto—those who compromise decentralization to appease traditional finance—and urges the industry to avoid diluting its foundational innovations as TradFi adopts blockchain technology.

比推12/19 21:39

Cardano Enters New Phase, Hoskinson Touts ‘ChatGPT For Privacy’

Charles Hoskinson announced that Cardano is entering a new phase centered on Midnight, a project he describes as a "ChatGPT for privacy." Midnight is positioned as a cross-ecosystem application layer designed to make advanced cryptography usable at scale, enabling privacy-first hybrid applications that can integrate with Ethereum, Solana, Bitcoin, and other chains. Hoskinson emphasized that Midnight is not merely a privacy coin but a platform for selective disclosure, intents, dual tokenomics, and multi-resource consensus, targeting real-world applications capable of handling trillions in transactions. He highlighted Midnight's early traction, citing a $1 billion market cap and $1.8 billion trading volume, attributing this success to a fair distribution model that allocated tokens to 1.5 million users rather than venture capitalists. Hoskinson argued that Cardano can differentiate itself by prioritizing privacy-enabled financial primitives like private DEXs and prediction markets, rather than competing solely on transaction cost. He outlined plans to roll out Midnight across major ecosystems in 2026, aiming to unify crypto markets and eliminate the distinction between DeFi and TradFi.

bitcoinist12/19 21:02

Bitcoin dips below $85K as DATs face ‘mNAV rollercoaster’: Finance Redefined

Cryptocurrency markets faced a week of declines, with Bitcoin dropping over 5% to a low of $84,398 before recovering slightly. Solmate CEO Marco Santori warned that digital asset treasury (DAT) companies face sustainability risks due to volatility in their token holdings, which impacts their market-cap-to-net-asset-value (mNAV) ratios. In regulatory news, the SEC ended its four-year investigation into Aave, prompting founder Stani Kulechov to unveil a 2026 "master plan" targeting $1 billion in real-world asset deposits through Aave v4 and new products. Elsewhere, Hyperliquid proposed a governance vote to treat $1 billion in tokens as burned, ETHGas raised $12 million for Ethereum blockspace trading, and the SEC issued guidance requiring tokenized securities to comply with traditional custody rules. Most top cryptocurrencies closed the week in negative territory.

cointelegraph12/19 19:01

UK crypto regulation is coming: What the FCA’s new consultation means

The UK is advancing comprehensive crypto regulation, with the Financial Conduct Authority (FCA) launching a consultation proposing rules for exchanges, staking, lending, and DeFi. This follows Treasury legislation bringing crypto under financial services oversight, targeting implementation by October 2027. The proposals, spanning around 700 pages, aim to replace fragmented oversight with a unified market structure. Industry leaders, like Kraken’s Perry Scott, welcome the global liquidity approach and bespoke staking rules, calling them "world leading." The consultation closes on February 12, with firms already preparing for compliance, job creation, and the UK's potential as a competitive crypto hub amid global regulatory developments.

cointelegraph12/19 18:32

Ethereum Takes The Lead In DeFi Lending Revenue, Leaving Rivals Behind – See How

Despite facing selling pressure, Ethereum has solidified its dominance in DeFi lending revenue, capturing 80-90% of all activity and fees. Data from Leon Waidmann shows Ethereum remains the core settlement layer for DeFi, significantly outpacing rivals like Base and Arbitrum. Aave drives over 50% of lending funds and 60% of active loans on Ethereum, generating $885 million in fees in 2025 alone. While Layer 2s improve user experience, the mainnet continues to be reinforced as the trusted hub for liquidity and credit markets. Additionally, active Ethereum addresses are nearing all-time highs, with 2.4 million weekly users, signaling strong retail and institutional engagement.

bitcoinist12/19 18:02

No Surge, No Meme: As Crypto Moves into the Real World, Will 2026 Be the First Year of 'On-Chain Wall Street'?

marsbit12/19 15:02

After the Breakthrough Year of 2025, Is a $10 Trillion Crypto Market No Longer a Pipe Dream?

The year 2025 has been a landmark period for the cryptocurrency industry, marked by a global breakthrough in regulatory compliance. Key developments include the U.S. shifting from restrictive policies under the Trump administration—such as establishing a strategic Bitcoin reserve and passing the GENIUS Stablecoin Act—to creating a clear federal regulatory framework. The EU further implemented its MiCA regulation, enabling licensed crypto firms to operate across all member states, while Hong Kong introduced its own stablecoin ordinance, accelerating Asia’s compliance efforts. This regulatory clarity has encouraged institutional participation, with corporate crypto allocations reaching $120 billion in the first three quarters of 2025—a 450% increase from 2024. The approval of numerous crypto ETFs, including BlackRock’s $70 billion Bitcoin ETF, provided new avenues for mainstream investment. Major companies like Walmart and Amazon began exploring stablecoins for cross-border settlements, reducing costs by up to 60%. Industry leaders such as Coinbase, OKX, and Binance expanded their global compliance efforts, acquiring licenses in multiple jurisdictions and adapting to new regulations. Investment firms like a16z and Fidelity also played roles in shaping policies and promoting institutional adoption. With a mature regulatory foundation now in place, the crypto market is transitioning from speculative trading to real-world utility. The path toward a $10 trillion market cap appears increasingly achievable as compliance drives broader adoption, stability, and integration with the traditional financial system.

marsbit12/19 13:06

RWA Weekly: Coinbase Announces Launch of Prediction Markets and Tokenized Stocks; Stablecoin U Goes Live on BNB Chain and Ethereum

RWA Weekly Roundup: Coinbase Launches Prediction Markets and Tokenized Stocks; Stablecoin $U Debuts on BNB Chain and Ethereum The on-chain RWA market cap rose slightly to $18.9 billion, while stablecoin market capitalization exceeded $300 billion, though transaction activity declined, indicating a "stagnant liquidity" phase. Regulatory developments accelerated globally, with China promoting the digital yuan, and the U.S., Canada, and Hong Kong advancing stablecoin and asset tokenization frameworks. Traditional financial institutions expanded their involvement: JPMorgan launched a tokenized money market fund on Ethereum and integrated JPM Coin with Base, while Visa and Mastercard extended stablecoin payment services. DTCC partnered with Canton Network for U.S. Treasury tokenization. Coinbase introduced prediction markets and tokenized stocks, PayPal launched a PYUSD savings vault, and SoFi issued its own stablecoin, SoFiUSD. Emerging markets like Brazil and Pakistan also explored sovereign asset tokenization. Stablecoin $U went live on BNB Chain and Ethereum, integrating with DeFi protocols like PancakeSwap and ListaDAO. Despite growth, JPMorgan analysts caution that stablecoin market size may not reach $1 trillion by 2028, projecting a more moderate expansion to $500-600 billion. The sector continues to evolve, driven by regulatory clarity and institutional adoption, embedding RWA deeper into global payment and asset management systems.

marsbit12/19 13:06

How Will the Crypto Industry Evolve in 2026?

The crypto industry is expected to undergo significant transformation in 2026, moving away from speculative hype and toward real-world utility and institutional integration. Bitcoin continues to behave like a high-volatility institutional asset, influenced by macro conditions and ETF-driven capital flows. Regulatory clarity is advancing, with the U.S. implementing stablecoin and market structure laws, while Hong Kong introduces licensing regimes for stablecoin issuers and welcomes compliant crypto platforms like HashKey on its stock exchange. Key trends include the growth of stablecoins beyond $300B in circulation, prediction markets gaining traction for event-based forecasting, and the tokenization of real-world assets like equities. Emerging areas highlighted by a16z include AI agent identity verification (KYA), privacy-focused blockchains, micro-payment protocols like x402, and staked media models where content is backed by financial stakes. Industry experts emphasize that crypto is maturing beyond a closed ecosystem, integrating into global payments, remittances, and financial infrastructure. While short-term volatility may persist, the long-term direction points toward a more regulated, useful, and structurally embedded role in the global economy.

比推12/19 12:36

Solana’s Next Leg Higher Looks Strong, But Ozak AI Forecast Appears Far Steeper

Crypto market sentiment is strengthening as Solana (SOL) trades near $131, with analysts anticipating a major upward move due to strong network activity, growing adoption, and institutional interest. However, the article highlights Ozak AI (OZ) as offering a potentially steeper growth trajectory. Ozak AI is an operational AI-native intelligence engine featuring millisecond-level predictive analysis, autonomous agents, and a distributed node network. Its value compounds through computational intelligence and data processing, unlike Solana's linear adoption-driven growth. While Solana is expected to see significant gains, Ozak AI's presale has already raised over $4.9 million, with some analysts projecting 50x–100x returns by 2025–2026.

TheNewsCrypto12/19 12:03