JUP News

The market capitalization of stablecoins on the Solana layer-1 blockchain surged by $900 million over a 24-hour period on Tuesday. Stablecoins, or debt assets, surged to a market cap of $15.3 billion on the Solana network, according to .  The dramatic surge came as decentralized finance platform Jupiter , developed in partnership with synthetic stablecoin…

Jupiter, a Solana-based DeFi protocol and trading platform, has launched JupUSD, a dollar-pegged stablecoin issued natively on Solana and developed in partnership with Ethena Labs. In an X post on Monday, Jupiter said 90% of the stablecoin’s reserves will initially be held in USDtb, a licensed stablecoin collateralized by shares of BUIDL, BlackRock’s tokenized money-market fund. The…

Coinbase shared a slate of new offerings at its System Update conference, including prediction markets, robo-advisers and custom stablecoins. News COINTELEGRAPH IN YOUR SOCIAL FEED Coinbase’s year-end “System Update” conference on Wednesday saw the company announce a slew of new offerings as it branches out from its crypto exchange roots. In addition to introducing to…

Bubblemaps CEO Nick Vaiman said Sybil attacks are increasing across presales and airdrops, calling on teams to use KYC or algorithmic detection. News COINTELEGRAPH IN YOUR SOCIAL FEED A Solana presale event encountered distribution issues after a bot farm reportedly used over 1,000 wallets to snipe nearly the entire Wet (WET) token sale in seconds. …

The move could challenge other prediction platforms by providing Kalshi users with greater anonymity through tokenized buys and sales on the Solana blockchain. News COINTELEGRAPH IN YOUR SOCIAL FEED Predictions platform Kalshi has reportedly begun allowing users to buy and sell tokenized versions of its event contracts on the Solana blockchain. According to a Monday…

A malicious Chrome extension called Crypto Copilot lets users trade Solana directly from X but secretly skims a small portion of the transaction. News COINTELEGRAPH IN YOUR SOCIAL FEED A malicious Google Chrome browser extension is letting users trade on Solana, while quietly skimming a fee from every swap into the creator’s wallet. According to…

Balancer and Stream Finance incidents totaling over $200 million shook DeFi as RedStone and major Ethereum protocols launched reform initiatives. Newsletter COINTELEGRAPH IN YOUR SOCIAL FEED Balancer suffered one of the largest decentralized finance (DeFi) exploits on Monday, with more than $116 million in staked Ether and liquidity pool tokens drained from Balancer v2 contracts…

Babylon unveils a proof-of-concept for using native Bitcoin in DeFi lending, as BNB Chain and Hyperliquid post major updates. Newsletter COINTELEGRAPH IN YOUR SOCIAL FEED Bitcoin infrastructure company Babylon Labs claimed to have developed a system that enables native Bitcoin to be used as collateral for borrowing assets on Ethereum. Babylon Labs co-founder and Stanford…

Decentralized exchange Uniswap has integrated with Jupiter’s Ultra API, making over a million Solana tokens available on its web app. News COINTELEGRAPH IN YOUR SOCIAL FEED Decentralized exchange giant Uniswap has added support for the Solana network to its web app, enabling users to link their Solana wallet and trade Solana-based tokens alongside those from…

Retail and quants are fueling DEXs like Hyperliquid, while CEXs hold institutional ground. Aster’s rise adds new pressure to the onchain race. News COINTELEGRAPH IN YOUR SOCIAL FEED Decentralized exchanges (DEXs) are rapidly gaining traction among retail traders and quants, while institutions continue to favor centralized platforms, according to Bitget Wallet’s chief marketing officer Jamie…