According to Odaily, PancakeSwap has announced on the X platform that the Boosted PEPE Syrup Pool is now live. Users can now stake CAKE tokens to earn PEPE rewards.

According to Odaily, Layer 1 blockchain Kava has announced the formation of a new advisory team dedicated to the intersection of AI and DeFi. This team aims to bring fresh perspectives and strategic thinking to Kava's development, fostering a deeper integration of AI and DeFi to create innovative solutions and growth opportunities. Previously, Kava introduced an early version of Kava AI at the TOKEN2049 conference in Singapore, which allows users to generate Meme Coins using Kava AI.

According to Odaily, PeckShield has reported on X platform that Onyx appears to be a victim of a known precision issue in the forked CompoundV2 codebase. This vulnerability has been exploited by attackers, resulting in the theft of funds including 4.1 million VUSD, 7.35 million XCN, 5,000 DAI, 0.23 WBTC, and 50,000 USDT. The precision issue in the CompoundV2 codebase has been a known problem, and it seems that Onyx did not address this vulnerability in their forked version. The attackers took advantage of this oversight, leading to significant financial losses for the platform. The stolen assets include a variety of cryptocurrencies, highlighting the broad impact of the exploit. This incident underscores the importance of thoroughly auditing and securing code, especially when forking from existing projects. The financial losses suffered by Onyx serve as a stark reminder of the potential risks involved in the DeFi space. Ensuring the integrity and security of codebases is crucial to prevent such exploits and protect user funds.

According to a recent Chainalysis report, the UAE received over $30 billion in cryptocurrencies between July 2023 and June 2024, placing the country among the top 40 crypto markets globally. The UAE has seen significant growth in cryptocurrency activities, driven by regulatory advancements, increased institutional interest, and heightened market activity.The report highlights that cryptocurrency acceptance among small and large retail investors surged by more than 75% year-on-year, while institutional investor participation increased by over 50%. As the third-largest crypto economy in the Middle East and North Africa region, the UAE’s crypto ecosystem stands out for its diversity.Notably, the UAE’s DeFi adoption rate exceeds the global average, with 32.4% of crypto transactions occurring through decentralized exchanges (DEX). The total value of cryptocurrency transactions conducted via DeFi services in the UAE grew by 74%, while token value through DEX surged by 87%, rising from $6 billion to $11.3 billion. The country’s expanding crypto activities have been fueled by its efforts to attract blockchain and cryptocurrency companies. 

According to BlockBeats, on September 26, Shen Yu (@bitfish1) posted on social media that with further interest rate cuts, a significant increase in Defi arbitrage trading is anticipated. The current structure, where government bonds serve as the primary source of Defi yields, may soon be disrupted, signaling an imminent reversal.

According to Foresight News, the decentralized trading protocol WOOFi has introduced the Stake Surge: Optimism event. This initiative will run until September 30, offering WOO stakers the opportunity to share a prize pool of 60,000 OP tokens, valued at approximately $101,000, based on the points they accumulate.

According to PANews, U.S. Congressman Warren Davidson introduced the 'Assessing DeFi Opportunities Act' on Tuesday. The bill calls for a joint study on decentralized finance (DeFi) by the U.S. Securities and Exchange Commission (SEC), the Commodity Futures Trading Commission (CFTC), and the Secretary of the Treasury. Davidson emphasized the crucial role DeFi plays in the future of capital markets but expressed concerns over the Biden-Harris administration's regulatory approach to the sector. He stated, 'This legislation ensures that the federal government can implement data-driven financial regulation without disrupting the digital market's development or compromising the privacy offered by DeFi.' Lawmakers noted that as the number of users continues to grow, the total market value of DeFi has surged to approximately $75 billion. However, Davidson warned that excessive regulation could stifle innovation and drive investment overseas. The proposed study aims to help regulators understand the benefits of DeFi, such as blockchain's operational resilience, market competition, and user privacy protection. Davidson stressed that regulators need to 'take a measured approach' to ensure DeFi can thrive without jeopardizing user privacy or innovation.

According to Cointelegraph, Curve Finance, a decentralized exchange (DEX), is contemplating the removal of TrueUSD (TUSD) from its list of collateral tokens for Curve Stablecoin (crvUSD) following charges against TrueCoin, TUSD’s issuer, by United States regulators for securities law violations. In a post dated September 25 on Curve’s governance forum, cross-chain messaging protocol Wormhole proposed reducing the upper limit on crvUSD’s TUSD backing to zero. This move aims to eliminate exposure to TUSD due to regulatory risks and concerns about solvency. The 'PegKeeper' liquidity pool currently allows users to mint up to $10 million worth of crvUSD using TUSD. The proposal also suggested lowering the amount of crvUSD that can be minted with Paypal’s stablecoin, PYUSD, from $15 million to $5 million. This adjustment is intended to ensure that reliance on each PegKeeper is appropriate for the significance of the respective pool. On September 24, the US Securities and Exchange Commission (SEC) settled charges against TrueCoin and TrustToken for fraudulent and unregistered sales of investment contracts involving TrueUSD. The SEC’s complaint alleges that TrueCoin and TrustToken falsely marketed TUSD as fully backed by U.S. dollars or their equivalent, while a substantial portion of the assets backing TUSD had been invested in a speculative offshore investment fund. The SEC claims that as of September 2024, 99% of the reserves backing TUSD were invested in this speculative fund. TrueCoin and TrustToken did not admit or deny the allegations but agreed to final judgments that enjoin them from further violations of federal securities laws and require them to pay civil penalties of $163,766 each. Curve’s crvUSD stablecoin can be minted against various types of cryptocurrency collateral, including Ethereum (ETH) and Wrapped Bitcoin (WBTC). WBTC constitutes the largest portion of crvUSD’s collateral backing, with more than $68 million in total value locked (TVL). Wrapped Staked Ether (wstETH), a liquid staking derivative issued by Lido Finance, is the second-largest collateral, with around $60 million in TVL. The September 25 proposal highlighted that crvUSD is overexposed to minor stablecoins, particularly TUSD, which has a questionable track record and has recently been charged by the SEC with defrauding investors. The proposal emphasized the need for a strong diversity of PegKeepers for Curve, although it noted that this is a separate discussion.

According to Foresight News, Standard Chartered Hong Kong, BlackRock, and Mastercard are set to participate in the second phase of the Hong Kong Monetary Authority's (HKMA) 'Digital Hong Kong Dollar' pilot program. The newly formed alliance will explore tokenized investment applications using an end-to-end approach. This potential solution aims to enable investors to directly purchase and settle tokenized assets through digital Hong Kong dollars or tokenized deposits with asset managers.Standard Chartered's SC Ventures, along with Standard Chartered Hong Kong and BlackRock, will collaborate to provide the platform for this initiative. Mastercard's multi-token network will support the potential issuance of tokenized assets. The collaboration seeks to advance the use of tokenized assets and streamline the investment and settlement process for investors.

According to Foresight News, Base has announced that it has received governance approval from Optimism for a grant of 3 million OP tokens, equivalent to approximately $5 million in USDC. This grant aims to incentivize DeFi developers to increase the total value locked (TVL) of ETH and BTC on the Base platform. The details of the incentive program will be released soon. Base clarified that the incentives will not target specific pools or user activities, focusing instead on broader development efforts to enhance the platform's overall ecosystem.

According to BlockBeats, on September 23, Aave officially announced the deployment of Aave V3 on the ZKsync Era mainnet. This development marks a significant step for Aave as it continues to expand its decentralized finance (DeFi) offerings and enhance its platform's capabilities. The integration with ZKsync Era is expected to bring improved scalability and efficiency to Aave's services, benefiting users with faster and more cost-effective transactions. This deployment aligns with Aave's ongoing efforts to innovate and provide robust solutions in the DeFi space.

According to Odaily, the decentralized finance (DeFi) lending protocol Scallop, part of the Sui ecosystem, has achieved a Total Value Locked (TVL) exceeding $150 million. The total borrowing amount on the platform has reached $80 million. Additionally, the swap trading volume on Scallop has hit $47 million. Furthermore, data from CoinGecko indicates that Scallop's native token, SCA, has seen a significant increase of 57.2% over the past 14 days, currently trading at $0.3577.

According to BlockBeats, on September 23, data from DefiLlama revealed that the Total Value Locked (TVL) on the Base Network has surpassed $2.24 billion, marking a new all-time high. The current TVL stands at $2.41 billion. The top three protocols contributing to this milestone are the decentralized exchange (DEX) protocol Aerodrome, Uniswap, and the lending protocol Aave.

According to PANews, recent data from Cryptoslam reveals that the total sales of Bitcoin-based NFTs have exceeded $4.5 billion, currently reaching $4,501,727,121. This achievement places Bitcoin third in the ranking of on-chain NFT sales, following Ethereum with $44.304 billion and Solana with $5.847 billion.In addition, the total transaction volume of Bitcoin-based NFTs has reached approximately 3.807 million transactions. The number of buyers stands at around 617,900, while the number of sellers is approximately 519,100.

Several new projects have been launched on the BNB Chain in September. These projects span various sectors including DeFi, gaming, AI, infrastructure, and decentralized social networks (DeSoc). The DeFi sector saw the introduction of Contango, ReHold, RNDM, and SOFA. In the gaming sector, DogeGoal AI and Tashi Protocol were launched. The AI sector welcomed Memehub.AI. For infrastructure, Reclaim Protocol and Webacy were introduced. Lastly, the DeSoc sector saw the launch of SELF Crypto.

According to Odaily, PancakeSwap announced on social media platform X that it is celebrating its four-year anniversary today. Over this period, the decentralized exchange has achieved a cumulative trading volume of $836 billion and has served over 43 million unique addresses. The platform currently supports nine different blockchain networks and has a total value locked (TVL) of $1.67 billion.In addition to these milestones, PancakeSwap revealed that it is preparing to launch PancakeSwap v4, marking another significant development for the platform. The new version is expected to bring enhancements and new features, although specific details have not yet been disclosed.