Universal Safety Products sets October 19 switch to DeFi Capital Markets
Universal Safety Products plans to change its name and ticker while shifting from safety products toward tokenization, digital assets, and proprietary trading.
Nick Sawinyh
DeFi Blog
Interviews with DeFi projects, analytics, and important news about decentralized finance.
Nick Sawinyh
Prosecutors cite Bitcoin Fog ruling in Roman Storm venue fight
Federal prosecutors argue that a recent Bitcoin Fog appeals ruling supports venue in Manhattan for two counts in Roman Storm's Tornado Cash case.
Nick Sawinyh
Rain seeks OCC national trust bank charter
Rain applied to form an OCC-supervised trust bank for digital asset custody, stablecoin reserves, issuance and redemption.
Nick Sawinyh
BitGo and HashKey expand institutional partnership
BitGo and HashKey have expanded their APAC partnership across staking, trading, custody and real-world asset tokenization.
Nick Sawinyh
Firelight launches FXRP-backed cover for DeFi vaults
Firelight has launched shared DeFi vault protection backed by staked FXRP, starting with two Sentora vault products.
Nick Sawinyh
Cardano launches programmable tokens on mainnet
Cardano has launched CIP-0113 programmable tokens for regulated assets with transfer, freeze and seizure rules enforced by the network.
Nick Sawinyh
Abstract chain to shut down December 15
Abstract will wind down its chain and has told users to move their assets before a December 15 shutdown.
Nick Sawinyh
Crypto Cards 2026: Who Holds the Money Before the Swipe
Crypto card spend passed $1.1 billion a month in August. Underneath the volume, the same question keeps surfacing: once you top up, who actually holds the money? We read the...
Nick Sawinyh
Liquid Network: $320M Pegged Out, Every Key Intact
Someone pegged 3,996 BTC out of Blockstream's Liquid sidechain through a valid SideSwap order, and the federation's 11-of-15 multisig signed the withdrawal. No key was compromised. The L-BTC came from...
Nick Sawinyh
Inside the Stock-Paired Memecoin Boom
On Robinhood Chain, memecoins are increasingly quoted in tokenized shares instead of stablecoins. We read the pools directly and found 432 of them, holding 17% of the onchain float across...
Nick Sawinyh
A Memecoin Cornered a Tokenized Stock
A memecoin paired against tokenized Hims & Hers equity absorbed most of the token's onchain float over a weekend and pushed it as much as 112% above its NYSE close....
Nick Sawinyh
Term Finance: $8.5M Approved by Silence
An attacker queued a routine-looking vault parameter change on Term Finance, waited six days for nobody to veto it, and walked out with 2,841 ETH and 1.68 million USDC. The...
Nick Sawinyh
EIP-8363: Ethereum's Tapered Issuance Burn
A draft EIP would burn a rising share of validator rewards until net consensus yield reaches zero at half the ETH supply staked. It landed two days before a fork...
Nick Sawinyh
The Ostium Exploit: Drained by a Fake Bitcoin Price
An attacker drained roughly $11.86M in USDC from Ostium by opening a Bitcoin position against a fabricated $5,000 price and closing it near $60,000. The chain shows it plainly, and...
Nick Sawinyh
Robinhood Chain: Open Rails, Fenced-Off Asset
Robinhood launched a permissionless L2 built for tokenized stocks. Its flagship asset is a US-blocked debt security with no ownership rights. The gap between the rails and the product is...
Nick Sawinyh
Onchain Prop Firms: The House Edge, On the Table
Funded-trader firms have always quietly bet against some of their own customers. The onchain prop firms now launching on Hyperliquid are putting that conflict on the table, and turning it...
Nick Sawinyh