Here’s what happened in crypto today
Need a quick update on the day’s top crypto developments? Below are the key stories affecting Bitcoin, Ethereum, DeFi, event markets and regulation.
US regulator gives Polymarket temporary relief on event-contract reporting. The Commodity Futures Trading Commission issued a no-action stance covering two entities tied to prediction platform Polymarket, allowing them temporary relief from certain swap-related recordkeeping and reporting requirements for event contracts. The move removes an immediate enforcement threat while leaving broader regulatory obligations intact; Polymarket’s CEO said the decision effectively cleared the way for the platform to operate in the U.S.
DeFi lending surges amid institutional interest and RWA adoption. Decentralized lending protocols have seen a sharp increase in total value locked this year, driven by demand for stablecoins and tokenized real-world assets. According to recent research, lending-focused TVL rose roughly 72% year-to-date, climbing from about $53 billion at the start of 2025 to roughly $127 billion as of the latest report. Analysts attribute the expansion to growing institutional participation and the use of tokenized collateral.
Warnings for yield-chasing ETH treasury firms. Joseph Chalom, co-CEO of Sharplink Gaming, cautioned that organizations chasing high yields on Ether holdings may face outsized risk if markets turn. He said strategies promising double-digit returns often carry hidden pitfalls, and that some treasury operators could take imprudent risks to chase incremental yield. Sharplink is one of the largest public ETH holders, holding about $3.6 billion in Ether, behind another large holder reported at roughly $8.0 billion.
Those are the main developments for the day. For ongoing coverage and deeper reads, the original report links to further stories on security, market trends and regulatory updates.
