DENVER, Oct. 11, 2025 (GLOBE NEWSWIRE) — BenPay, part of the BenFen blockchain ecosystem, today announced the official launch of BenPay DeFi Earn, a new product designed to make decentralized finance (DeFi) accessible to everyone. BenPay DeFi Earn simplifies the DeFi experience through one-click access, zero gas fees, and full asset self-custody, enabling users to earn across DeFi protocols securely and effortlessly.

Over the past five years, decentralized finance (DeFi) has swept the globe, and the pace of innovation in the cryptocurrency market has continually refreshed people’s perceptions. Yet at the same time, complex operational logic, high gas fees, and uneven protocol quality have made the space intimidating for most users. Many people are drawn to DeFi, but are stopped by technical barriers and security concerns.

The launch of BenPay DeFi Earn aims to solve this very dilemma. It is a core component of the BenFen blockchain ecosystem within the super app BenPay , positioned as a “one-click gateway to DeFi protocols.” By aggregating high-quality multi-chain protocols, automating operational workflows, and providing a zero-barrier user experience, BenPay DeFi Earn transforms the complex strategies once accessible only to “seasoned on-chain users” into an easy-to-use asset management tool for everyone.

Here, users can complete cross-chain configurations and deploy yield strategies with a single click , while assets always remain under the user’s wallet control, ensuring safety, transparency, and traceability. This is the essence of BenPay: connecting global value and enabling free asset flow.

Why Is BenPay DeFi Earn Needed?

If traditional finance is plagued by centralization, the current problem in DeFi is “high entry barriers”:

• Complexity: New users must understand multiple concepts, such as wallet connections, cross-chain bridges, liquidity pools, and yield strategies, as a small mistake could result in asset loss.
• Hidden Costs: Every on-chain interaction requires gas fees, and switching between chains involves swaps and bridging, consuming both time and effort.
• Risk Management Challenges: Users cannot easily assess protocol security; audits and fund flows are often opaque.
• Fragmented Experience: Earning, paying, lending, and swapping are separate, making it difficult for users to move assets across different use cases smoothly.

These pain points directly lead to the fact that, despite DeFi TVL reaching billions of dollars, only a small group of professional users can participate, leaving most ordinary users on the sidelines.

BenPay DeFi Earn adds value by abstracting all these challenges—moving the complexity to the background, so users only need to “click once.”

Core Advantages: One-Click Access, Full Control

BenPay DeFi Earn is not just another “yield product.” It is a next-generation entry point built around safety, transparency, user experience, and cost efficiency :

1. Self-Custody, Full Asset Control
   All assets remain in the user‘s wallet, with private keys fully controlled by the user. The platform never holds custody.
   • Your Keys, Your Assets, Your Control.
2. Multi-Chain Aggregation, One-Click Deployment
   BenPay aggregates high-quality protocols across multiple chains, automating cross-chain swaps and exchanges.
   • One-Click Access to Multi-Chain Protocols.
3. Redeem Anytime, Flexible Allocation
   Users can redeem or reallocate configurations at any time according to market conditions or personal needs.
   • On-Demand Redeem, Flexible Allocation.
4. Certified Security, Strong Support
   The public chain code is audited by SlowMist, and the project is invested in and deeply incubated by Bixin Ventures.
5. Seamless Experience, Zero Gas Fees
   Users pay no gas fees during core operations; all on-chain costs are fully covered by the platform.
   • Zero-Fee Gasless Experience.

In short, BenPay DeFi Earn makes earning yield as simple as “mobile phone money transfer” while retaining the transparency and autonomy of decentralized finance.

BenPay: A One-Stop Financial Ecosystem

If DeFi Earn is the gateway, BenPay’s full-stack ecosystem represents the future. It offers not just yield tools, but a super app for decentralized finance :

• BenPay Card
  Crypto assets like stablecoins can be used for global spending, supporting both offline POS and online payments, bridging life and on-chain usage.
• BenPay DEX
  An efficient, low-fee decentralized exchange platform offering deep liquidity support.
• BenPay C2C
  A decentralized escrow platform based on intelligent custody, ensuring secure and efficient transactions, enabling cross-border swaps and free asset movement.
• BenPay Shop
  Users can directly purchase goods on Shop using crypto, accelerating everyday crypto payments.
• BenPay Lending
  A decentralized collateralized lending platform, allowing users to unlock liquidity while keeping assets secure, fueling products like DeFi Earn.

This ecosystem matrix allows users to earn income (DeFi Earn), manage assets (Lending/DEX), spend freely (Card/Shop), and move funds flexibly (C2C) —creating a closed-loop Web3 financial lifestyle.

Mission & Vision

BenPay’s mission is to lower the barriers to finance through technology , giving everyone equal access to the digital financial world. We believe that the future of finance will be:

• Borderless: Global users can access it directly without intermediaries.
• Intermediary-Free: Peer-to-peer value transfer reduces unnecessary costs.
• Transparent & Fair: Assets and rules are fully visible and verifiable, rather than relying on trust.
• Accessible to All: No longer a game for the few, but an inclusive financial service.

BenPay DeFi Earn is the first realization of this vision. By simplifying the DeFi experience with “one-click access” , users can take control of their asset growth path without coding knowledge or frequent operations.

In the future, as the BenPay ecosystem expands, we will continue to integrate core functions, including Earn, Pay, Lend, Trade, and Shop , to create a one-stop decentralized financial lifestyle for users worldwide.

Contact Information: qingyu@benfen.org

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/26320a62-5987-449c-aca6-9675c937dd1a

Today, Ethereum’s price has surged by 100%, capturing the attention of the cryptocurrency market. This remarkable growth is largely attributed to the booming activity in the decentralized finance (DeFi) space. The Ethereum price surged showcases how DeFi is reshaping the landscape for digital currencies, drawing more investors into the market. Enhanced trading volumes and network upgrades are key factors driving this rally, as analysts observe a renewed interest in Ethereum that is hard to ignore.

Understanding the Ethereum Price Surge

Ethereum’s recent price movements illustrate the powerful impact of DeFi within the cryptocurrency market. With Ethereum’s price reaching $3836.15, investors are witnessing significant shifts driven by increased DeFi market impact. The Ethereum blockchain’s ability to support innovative financial products is at the core of this momentum.

Renewed investor demand, augmented by network upgrades, also plays a key role in pushing the ETH price analysis forward. The boost in trading volumes underscores the solid interest from both retail and institutional investors, seeking to capitalize on Ethereum’s robust platform. These developments are covered in detail on CNBC.

DeFi Market Impact on Ethereum

Decentralized finance has been instrumental in Ethereum’s recent rise. The surge in DeFi activity is not only increasing liquidity but also diversifying the types of financial instruments available to traders. This DeFi market impact is a key reason for the growing interest in Ethereum, as the platform continues to accommodate larger scale decentralized apps (DApps).

Such developments indicate a strengthening position for Ethereum within the cryptocurrency market trends, positioning it as a leading player in digital finance. The increase in decentralized exchanges and lending platforms contributes directly to Ethereum’s price troughs and peaks. More insights can be found in Yahoo Finance.

Technical Analysis of ETHUSD

In technical terms, Ethereum is showing strong momentum through various indicators. The RSI of 57.03 and MACD values of 21.10 reveal a steady upward trend, suggesting potential continued growth. Meanwhile, the Awesome Oscillator at -62.67 gives mixed signals, pointing to possible volatility ahead.

This analysis highlights the importance of staying updated on ETH price analysis. Investors should watch key levels like the Bollinger Bands middle band at 4348.99 and Keltner Channels at 4316.70 for potential breakout or support opportunities. Further technical insights are discussed on Bloomberg.

Final Thoughts

Ethereum’s price surge underscores its central role in the evolving cryptocurrency market landscape, primarily driven by the explosive growth of the DeFi sector. While the current momentum is robust, potential investors must consider the volatility intrinsic to this digital asset. Advanced analytics from platforms like Meyka can offer real-time insights to guide investment strategies effectively. As Ethereum expands its reach, the implications for decentralized finance and the broader cryptocurrency ecosystem are substantial.

FAQs

Disclaimer:

This is for information only, not financial advice. Always do your research.

A DeFi legislative initiative proposed by Senate Democrats burns hot against Republicans and crypto supporters due to a possible crypto crackdown.

A new decentralized finance (DeFi) legislative proposal brought forward by Senate Democrats has elicited controversial reactions among Republican members of parliament and cryptocurrency supporters. 

The initiative, which is aimed at deterring illicit activity in DeFi, is already facing criticism because it could potentially cut innovation and cause crypto developers to flee to other countries.

The three-page proposal submitted to Republicans by the Senate Banking Committee Democrats gives the Treasury Department and other regulators considerable power to make judgments as to whether an entity is exerting control over DeFi protocols. 

It makes any person engaged in the design, deployment, or control of front-end services of DeFi protocols intermediaries subject to financial regulation. 

These broad definitions might be useful in making significant operations in a decentralized network criminal.

DeFi Innovation vs. Regulation: Who Wins?

The leaders of the crypto industry were quick to criticize the move as unfeasible to adhere to. CEO of the Blockchain Association, Summer Mersinger, cautioned that the bill would amount to banning decentralized finance, wallet development, and other applications, and would drive responsible developers out of the US market.

Law specialists also criticized the bill. Jake Chervinsky, the chief legal officer at Variant Fund, described it as deeply unserious and compared it to a virtual crypto ban, which endangers the advancement of bipartisan crypto legislation. 

The knowledge of your customer (KYC) procedures on all DeFi frontends in the proposal was explained as unrealistic to numerous decentralized initiatives.

The Republicans in the committee reacted negatively. According to a spokesperson of the GOP, the draft of the Democrats was not an offer to legislate and contained several incoherent policy concepts, representing a failure of the Democrats to negotiate in good faith. 

Although the republicans are willing to liaise on the market structure, arguments on the proposal by the democrats have been at a standstill.

The Future of DeFi and Regulatory Tug of War.

The legislative text represents an opportune point in crypto regulation in the partisan stalemate. 

The Senate still does not balance its variant of crypto market regulation with the CLARITY Act introduced in the House. The current debate is on the most appropriate way to regulate DeFi protocols, between the objective of fostering innovation and the anti-money laundering and investor protection objectives.

The plan by the democrats focuses on sealing regulatory loopholes and minimizing risks of illegal financing, and it seeks to place a tight rein on the decentralized systems. 

Nevertheless, other people working in the crypto industry contend that these limitations may suffocate the expansion of DeFi to the detriment of the US blockchain competitive advantage.

The question of whether DeFi will be regulated in the Senate is unresolved, as the bipartisan cooperation stands at a full stop, and the industry resistance is increasing. 

The result will have a massive effect on the growth and implementation of decentralized finance in the United States.

Sui, a layer 1 (L1) blockchain, reached a new all-time high in total value locked (TVL) of $2.6 billion on Thursday, according to data from DeFiLlama.

The figure marks a 37% increase from one month ago and a 160% jump from a year earlier, when TVL stood at around $1 billion. Sui recently surpassed $156 billion in decentralized exchange (DEX) volume, and is the sixth-largest chain by 24-hour trading volume, per CoinGecko

Meanwhile, the blockchain’s native token is changing hands at $3.39 with a market capitalization of over $12.2 billion, an 80% increase over the past year, according to CoinGecko.

The milestone reflects Sui’s expanding presence in the decentralized finance (DeFi) sector as newer L1 networks continue competing for liquidity and on-chain activity. The increase has been fueled by growing liquidity across DeFi protocols such as Suilend, Navi, and Momentum, which have drawn more users and deposits in recent weeks.

Suilend currently ranks as the largest protocol on Sui, with $745 million in TVL, up 11% over the past month. Navi follows with $723 million, a 14% monthly increase. Momentum takes third place with $551 million, marking a 249% rise over the same period.

This comes amid broader growth across the DeFi ecosystem, fueled by rising activity in lending, borrowing, and token trading. Total DeFi TVL has more than doubled over the past year, climbing 104% from $85 billion in October 2024 to $175 billion today, according to DeFiLlama.

Sui has also announced several partnerships this year that have attracted users to its ecosystem. In March, the blockchain revealed a strategic collaboration with World Liberty Financial (WLFI), a DeFi project linked to President Donald Trump. WLFI issues the USD1 stablecoin, which currently ranks as the seventh-largest stablecoin by circulating supply.

Earlier today, news broke that EVE Frontier, one of Web3 gaming’s largest projects, is set to migrate to Sui.

A one-of-one NFT was recently created on the XRP Ledger by an artist known as Dale Forward. Listed on XRP Café, the digital artwork depicts what it feels like to pet a dog. As the artist himself describes it, “It’s like love is coming out into you and the dog.”

While the piece is wholesome on its own, what drew more attention was how quickly this 1/1 item was sold — and, ultimately, who bought it.

Thanks to the reach of social networks, less than two hours later one of the original architects of XRP Ledger and Ripple CTO, David Schwartz, announced that he had acquired the NFT, titled Pats. 

Schwartz is no stranger to the digital art space, particularly the XRPL ecosystem. The address believed to belong to him — rHzWtXTBrArrGoLDixQAgcSD2dBisM19fF — currently holds 146 NFTs from 117 collections, valued at 64,265 XRP, or roughly $190,000 at current rates.

His wallet history often reveals bids on niche series that have never gained broad traction but still represent the early stages of XRPL art culture.

Ending 14-month collecting pause

As for this latest purchase, Schwartz bought Pats for 30 XRP, about $90 at the time, though its value is likely much higher now as part of Ripple CTO’s collection.

Notably, this marks his first XRP NFT acquisition since August 2023, when he purchased Space Mermaid #335 for 120 XRP. Amusingly, despite being more expensive in XRP, the dollar value of that earlier buy was just $72.

Who knows? Maybe Schwartz showing interest in NFTs again is sort of a signal that this once booming segment of crypto is on the verge of a revival. Or maybe it was just a momentary effort to support a fellow XRP enthusiast.

Bitcoin Dominance Rises as Crypto Market Faces DeFi Crackdown

The crypto market recorded a 1.01% decline over the past 24 hours, mirroring a 0.47% weekly drop while maintaining a 6.65% gain for the month. The brief setback follows strong recent advances, with traders engaging in profit-taking as risk appetite cooled. Analysts also imply that ETF outflows and a strong connection with crashing equity markets were factors that led to the recent downturn.

Crypto Market Extends Minor Pullback Amid Broader Risk-Off Shift

Bitcoin’s dominance increased to 58.57%, reflecting a rotation from altcoins to the leading digital asset as investors sought relative stability. 

At the same time, Ethereum ETFs recorded net outflows of 8.7 million, which is an indication of bearish institutional investor positioning.

The crypto market has also been following the performance of the traditional stocks, keeping it at 0.83 with the S&P 500, where the two industries were reacting to a wider market slump. 

Bitcoin was able to hold its support of up to $121k, and this is indicative of further consolidation following a tremendous upwards trend over the last several weeks. Ether, which fluctuated to close to $4,300, moved downwards after a slight market downturn.

Today in the Crypto Market: U.S. DeFi Crackdown Sparks Backlash, Roger Ver Settles Tax Case, Luxembourg Fund Buys Bitcoin ETFs

Democrats Face Backlash Over Proposed DeFi Restrictions

Today in the crypto market, a group of Democratic senators has been attacked after introducing new policies that aim to regulate decentralized finance (DeFi). Their proposal would permit the U.S. Treasury Department to put risky DeFi protocols on a limited list, and it may be criminalized to use them. The proposal also consists of the severe Know Your Customer (KYC) policies of crypto applications and non-custodial wallets, as well as decreasing the legal safeguards of developers.

The industry leaders believe that the proposal would choke DeFi innovation in the United States. Summer Mersinger, the CEO of Blockchain Association, said that it would not be possible to adhere to such restrictions and would make crypto innovators leave the country and go abroad.

Crypto attorney Jake Chervinsky commented that the proposal would kill the gains achieved in the direction of a bipartisan cryptocurrency framework, which he called a de facto cryptocurrency ban. The proposed actions will also jeopardize the gains made on the CLARITY Act that sailed through the House earlier this year on a solid, bipartisan vote.

According to critics, rather than making the regulatory environment better, the proposal would drive honest projects in the country away and kill investor confidence. It is viewed by many in the cryptomarket as a political gambit, and no longer as a viable policy tool.

Luxembourg’s Sovereign Fund Enters the Bitcoin Market

Meanwhile, the Luxembourg sovereign wealth fund is entering the Bitcoin exchange-traded funds (ETFs) market in Europe. In July 2025, Intergenerational Sovereign Wealth Fund (FSIL) invested $9 million in Bitcoin ETFs under a new investment policy approved by the fund.

Treasury Director Bob Kieffer termed the move as an appreciation of the growing maturity of Bitcoin as a financial instrument. The investment will focus on the balancing of innovation and responsible exposure to digital assets. The move by Luxembourg renders it among the initial European governments to reap indirect exposure to Bitcoin through regulated ETFs.

The events of this week highlight the fact that the global cryptomarket is increasingly divided, with regulatory pressure in the United States opposing the rise in institutionalization in Europe.

Crypto Market Update Today: BTC Dips 0.7%, Top Gainer Railgun & Pomato

Latest Crypto Market Update: The global cryptocurrency market cap stands at $4.25 trillion, up 1.1% in the last 24 hours, with a daily trading volume of $206 billion. Bitcoin dominates at 57.1%, while Ethereum holds 12.5%. Total tracks 19,149 cryptocurrencies, with the Polkadot and XRP Ledger ecosystems leading today’s gains.

Major Crypto Events Today

Source: Forex Factory

24 Hour Crypto Market Update

Bitcoin (BTC) Today:

Price: $121,733 (down 0.7%) with Market Cap: $2.43 trillion and 24h Trading Volume: $71.54 billion

Despite a minor dip, Bitcoin remains the benchmark for industry sentiment. Analysts note that macro liquidity and investor optimism could drive further movement.

Top 5 Trending Coins Today:

• Zcash (ZEC) at $232.3, up 30.7% with TV $1.1 billion

• Undeads Games (UDS) priced at $2.31, up 5.9% with TV $1.3 Million

• SX Network (SX) priced at $0.09186, decreases 8.7% with TV $121K  

• Aster (ASTER) priced at $1.71, down 8.9% with TV $1.3B

• Railgun (RAIL) priced at $4.11, rises 99% with TV $22 Million

Insight: Railgun’s 99% surge highlights increased interest in privacy-focused DeFi solutions, while Zcash reflects renewed activity in privacy coins.

Top 3 Gainers 

• Pomato (POMATO) at $0.03638 with TV $6M, surged 212.1%

• Railgun (RAIL at $4.02 TV $22M, soars 96.6%

• Zora (ZORA) at $0.08808, trading with $395M up by 60.5%

Top 3 Losers

• DeAgentAI (AIA) is priced at $1.25 with a volume of $42M decrease 56.7%

• Giggle Fund (GIGGLE) priced at $90.55, trading $74M, down 36.4%

• 4 (4) priced at $0.1629 with Trading volume $230 million, dips 34.8%

Stablecoins & DeFi Market Update

• Stablecoins: Up 1.4%, market cap $310.17B, daily volume $154.90B, showing steady demand for price-stable cryptocurrency assets.

• DeFi: $164B, down 3.3%, 24h volume $9.3B, representing 3.9% dominance.

Insight: Stablecoins maintain liquidity in volatile markets, while DeFi experiences a slight dip, signaling potential profit-taking or short-term markets rotation.

Fear and Greed Index Today

Source: Alternative Me

The Bitcoin Fear & Greed Index at 64, indicating Greed in the crypto sphere as of October 10, 2025. Sentiment was Greed (70) yesterday, Greed (63) last week, and Neutral (49) last month, suggesting rising investor confidence and optimism toward cryptocurrency industry.

Latest News Today

UXLINK Security Upgrade: Responding to a coordinated attack, UXLINK has replaced affected devices, expanded bug bounty programs, and conducted monthly security drills in partnership with SlowMist and SEAL 911.

SEC Guidance Update: U.S. SEC allows IPO filings without offering prices during government shutdowns, aiming to ease delays while retaining regulatory oversight.

Coinbase & BVNK Acquisition: Coinbase is in advanced talks to acquire London-based stablecoin startup BVNK, valued between $1.5B–$2.5B, to expand stablecoin payments and treasury solutions.

Roger Ver Settlement: Roger Ver agrees to a $48M deferred prosecution deal with the DOJ for tax evasion, including $600,000 allegedly paid to Roger Stone.

Bybit UAE License: Bybit becomes the first crypto exchange licensed by the UAE Securities and Commodities Authority, enabling regulated trading, custody, and fiat conversion services.

Bitcoin Cycle Commentary: Arthur Hayes, BitMEX co-founder, claims Bitcoin’s 4-year cycle is ending, suggesting liquidity, not halvings, drive price surges.

Axiom Exchange Revenue Milestone: Solana-based trading app Axiom hits $179M revenue in 7 months, outperforming Y Combinator peers, showing crypto’s rapid growth potential.

Disclaimer: Coingabbar provides informational content on cryptocurrencies, NFTs, and other decentralised assets. This is not financial advice. Users, please DYOR, understand the risks, and consult financial professionals before investing. CoinGabbar is not responsible for any financial losses. Crypto and NFTs are highly volatile—invest wisely.

The decentralized application (DApp) industry ended the third quarter of 2025 with mixed results, as decentralized finance (DeFi) liquidity surged to a record high while user activity fell sharply, according to new data from DappRadar.

In a report sent to Cointelegraph, DappRadar said that daily unique active wallets averaged 18.7 million in Q3, down 22.4% compared to the second quarter. Meanwhile, DeFi protocols collectively locked in $237 billion, the highest total value locked (TVL) ever recorded in the space. 

The report highlights an ongoing divergence between institutional capital flowing into blockchain-based financial platforms and the engagement of retail users with DApps. While DeFi TVL reached record levels of liquidity, overall activity lagged, suggesting weaker retail participation.

“Looking at the entire quarter, every category noted a drop in active wallets, but the impact was mostly felt in the Social and AI categories,” DappRadar wrote. AI-focused DApps lost over 1.7 million users, going from a daily average of 4.8 million in Q2 to 3.1 million in Q3, while SocialFi DApps went from 3.8 million to 1.5 million in Q3.  

DeFi TVL reached a new all-time high in Q3

DappRadar attributed DeFi’s record liquidity to several converging factors, including growing institutional exposure to Bitcoin (BTC) and stablecoins, regulatory clarity from the US GENIUS Act, and new infrastructure supporting real-world asset (RWA) tokenization. 

DappRadar said that stablecoins have emerged as a bridge between cryptocurrency and traditional finance. As Cointelegraph previously reported, stablecoin inflows reached $46 billion in Q3, led by Tether’s USDt (USDT) and Circle’s USDC (USDC). 

Apart from stablecoins themselves, platforms dedicated to stablecoins emerged, contributing to the increase in DeFi TVL.

DappRadar pointed to Plasma, a layer-1 chain built specifically for stablecoins, debuting with over $8 billion in TVL in its first month. 

Related: $10B in Ethereum awaits exit as validator withdrawals surge

BNB Chain emerges as a top DeFi network in Q3

During the quarter, Ethereum maintained its lead as the top DeFi network with $119 billion in locked assets, despite a modest 4% decline compared to Q2. Solana, currently in second place, saw its DeFi TVL decline by 33% to $13.8 billion in Q3. 

While the top two DeFi networks in terms of TVL showed a slowdown in momentum, the third-biggest network in DeFi TVL, BNB Chain, saw a 15% gain in locked assets during the quarter.

DappRadar attributed the increase in BNB Chain TVL to the launch of the perpetual decentralized exchange (DEX) Aster, which gained traction in September. 

While Aster volumes skyrocketed within the perpetual trading space, data aggregator DefiLlama doubted the integrity of Aster’s data.

According to DefiLlama co-founder 0xngmi, trading volumes on Aster started mirroring Binance Perp volumes almost exactly. As a result, the platform delisted Aster from its site.