◾ Top news today:
1. "Everyone gets a stablecoin!"
On August 22, The Defiant report noted that everyone can now own an "open stablecoin"... but the question is: should they? The system may become more complex and fragmented, contradicting the primary goal of decentralized finance. The "Golden Sats Challenge" was also announced on the Rootstock network, where participants can sync, swap, lend, borrow, and interact with DeFi applications to earn rewards until late October.
2. DeFi Technologies launches stock buyback program
DeFi Technologies (stock symbol: DEFT) announced the launch of a "Normal Course Issuer Bid" program to buy back up to 10% of its common shares, using approximately $19.8 million of available liquidity, in a move aimed at enhancing share value and affirming management's confidence in the company. The program will be executed over a year starting from August 26, 2025.
3. Federal Reserve member supports DeFi
At the Wyoming Blockchain Symposium, Governor Christopher Waller (from the U.S. Federal Reserve) stated that decentralized finance is not a threat but a natural technological evolution that complements, not competes with, the traditional financial system. He cited stable transactions ("stablecoins") and smart contracts as akin to using a daily debit card and called for the private sector to lead innovation in payments.
4. Revision of DeFi Technologies earnings estimates
HC Wainwright has lowered its earnings estimates for DeFi Technologies' third quarter of 2025 to a loss of $0.02 per share, compared to previous forecasts of a profit of $0.08. Hurdles continue in the projections.
🔸️ Additional related news:
Demands for clarification of the SEC's policy on DeFi: Associations and names like DeFi Education Fund and a16z Crypto are urging the U.S. Securities and Exchange Commission (SEC) to create a "safe harbor" for non-custodial DeFi applications, to avoid classifying them as financial intermediaries and restricting them to comprehensive registration.
🍀 Summary:
Focus content in brief
Open stablecoins expand opportunities but raise concerns about complexity and financial fragmentation.
DeFi Technologies strategy stock buyback program enhances confidence and aims to improve stock yield.
Regulatory vision clear support from a Federal Reserve member, enhances institutional acceptance and industry development.
Financial outlook continuing risks despite positive actions, as negative earnings forecasts for the third quarter are evident.
Regulatory framework continues to push for clearer and supportive policies for regulated and sustainable DeFi innovation.