The $300 billion stablecoin market capitalization pushed DeFi into a “self-sustaining cycle” of growth, according to the investment bank’s head of research. Tokenized real-world assets (RWAs) may reach a cumulative value of $2 trillion in the next three years as more global capital and payments migrate onto more efficient blockchain rails, according to investment bank Standard Chartered. The bank said in a Thursday report shared with Cointelegraph that the “trustless” structure of decentralized finance (DeFi) is poised to challenge the dominance of traditional financial (TradFi) systems controlled by centralized entities. DeFi’s growing use in payments and investments may bolster non-stablecoin tokenized RWAs to a $2 trillion market capitalization by 2028, the investment bank predicts. Read more
PTI-backed independent candidate Khurram Zeeshan on Thursday was elected as a senator on the general seat from Khyber Pakhtunkhwa. The seat had fallen vacant following the disqualification of PTI leader Shibli Faraz, who was the opposition leader in the Senate, after he was convicted in cases pertaining to the May 9, 2023 riots. A minimum of 75 votes were needed to win the seat. Zeeshan won a total of 91 votes out of the 137 cast by KP lawmakers during the polling process today. He defeated opposition-backed Taj Mohammad Afridi, who was able to secure 45 votes. Out of the 145-member KP Assembly, eight lawmakers did not cast their ballots, including four Awami National Party (ANP) leaders. One vote was rejected. “Thank God,” Zeeshan said in a post on his Facebook account after his win. “Our priority is Pakistan’s haqeeqi azadi (true freedom)”, the PTI leader told reporters outside the KP Assembly earlier today, echoing a phrase used by Imran. Though three candidates were in the run for the polls, the main cont...
Point-in-time audits fail in composable, adversarial markets. AI-powered continuous assurance using solvers and simulation replaces episodic security checks. Opinion by: Jesus Rodriguez, co-founder of Sentora AI for coding has achieved product-market fit. Web3 is no exception. Among the domains AI will permanently change, smart contract audits are especially ripe for disruption. Today’s audits are episodic, point-in-time snapshots that struggle in a composable, adversarial market and often miss economic failure modes. Read more