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Crypto Long & Short: Where DeFi yield really comes from (and why it broke this spring)

CoinDesk
crypto
19 Aug 2026 • 16:57
In this week's Crypto Long & Short, Solstice Finance's David Plisek argues that most of the money lost in DeFi this spring wasn't taken by hackers but by yield strategies that quietly stopped working. Looking at April's $13 billion drawdown, he shows that a headline yield number reveals almost nothing about whether it ...
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HSBC, Standard Chartered execute first live banking transaction on Swift’s 24/7 ledger

CoinDesk
crypto
19 Aug 2026 • 16:50
The cross-border transaction is Swift’s first in a pilot project as it tests settlement in its push to remain relevant as stablecoins and tokenized deposits become widely used worldwide....
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Cantor opens Kalshi prediction markets to thousands of institutional clients

CoinDesk
crypto
19 Aug 2026 • 16:41
The investment bank will help its roughly 3,000 institutional clients execute large block trades in event contracts....
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Strengthen the Clarity Act

CoinDesk
crypto
19 Aug 2026 • 15:00
The American Bankers Association seeks to strengthen the Clarity Act, not kill it, argues Rob Nichols, president and CEO of the ABA....
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Beyond crypto funding rates: Ethena diversifies USDe backing with $1 billion FalconX facility

CoinDesk
crypto
19 Aug 2026 • 15:00
The warehouse facility gives Ethena another source of returns for the assets backing USDe while channeling onchain capital into overcollateralized institutional loans....
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Bitcoin is flashing 8 of 12 capitulation signals, but bottom's not yet in, says Van Eck

CoinDesk
crypto
19 Aug 2026 • 14:45
Similar setups have historically produced below-average 90-day and 180-day bitcoin returns, said the asset manager....
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A year after losing $1.46 billion, Bybit says AI helped it save $700 million

CoinDesk
crypto
19 Aug 2026 • 14:01
The exchange that lost $1.46 billion to North Korean hackers is the first large centralized firm to put numbers on a claim bitcoin developers have been making all month....
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China triples digital yuan bank roster year-to-date as eight more banks join network

CoinDesk
crypto
19 Aug 2026 • 13:55
The People’s Bank of China (PBOC) added 20 new operators this year across two rounds of expansions, including eight additions this week....
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Fed decision making comes into focus as bitcoin holds steady, bond yields surge

CoinDesk
crypto
19 Aug 2026 • 13:14
Your day-ahead look for Aug. 19, 2026...
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Bitcoin stuck in a six-week range as global bond yields hit highest levels for decades

CoinDesk
crypto
19 Aug 2026 • 12:29
BTC volatility has dropped to multi-year lows as surging Treasury yields rattle equities and traders await the Fed's July meeting minutes for clues on the interest-rate path....
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