DeFi Faces $293 Million KelpDAO Hack Crisis
The $293 million KelpDAO hack highlights the growing complexity in DeFi, signaling a shift from merely addressing coding bugs to tackling broader security challenges. #Breaking #Crypto $ETH
DeFi
Covers all aspects of DeFi – Decentralised Financial systems, protocols, and instruments built on blockchain.
AAVE Plummets Multicoin Capital Moves $40M
Multicoin Capital moved 286,057 $AAVE ($26M) to Coinbase Prime on May 16 after a $40M loss, indicating a potential OTC exit. #Update #Crypto $AAVE
THORChain Confirms $10M Exploit Recovery Portal
@THORChain confirmed a $10M exploit, launching a recovery portal for affected users to claim refunds. Attackers drained 36.75 BTC and $7M in tokens from 12,847 wallets. Claims close June 4. #Update #Crypto $BTC
Crypto Users Chase 200% Yields Risking Billions
Crypto users are prioritizing high yields over protection, resulting in significant risks as DeFi insurance protocols falter amid evolving hacks. #Update #DeFi $BTC $ETH
THORChain Confirms $10M Exploit Recovery Portal
@THORChain confirmed a $10M exploit, launching a recovery portal for affected users to reclaim funds. Attackers drained 36.75 BTC and $7M in tokens across multiple chains. Claims accepted until June 4. #Update #Crypto $RUNE
THORChain Exploit Exceeds $10 Million Loss
Researchers from Calif have found a way to bypass macOS security using Anthropic’s AI model, Mythos, potentially allowing device control; Apple is investigating and preparing a patch. #Update #Crypto $BTC
DeFi Breaches Surge 200% Amid AI Threats
AI is aiding hackers in exploiting DeFi vulnerabilities, with April losses exceeding $690 million across protocols. Analysts report a shift towards infrastructure attacks as smart contract audits improve. #Breaking #Crypto $BTC (-8) ↘
Dollar Stablecoins Strengthen as Asia Yields Rise
@HashKey states that U.S. regulatory clarity could boost institutional crypto adoption and strengthen USD stablecoins globally, while stricter yield rules may drive capital to Asian markets for better returns. #Update #Crypto $USDT
US Bonds Crisis Long-Term Yields Surpass 5%
The 30-year US Treasury yield surpasses 5%, signaling a structural bond market shift driven by persistent inflation and increased government borrowing. #Update #Market
Ethereum Hearing Delayed for Aave’s $71M Bid
A New York judge has postponed a decision on @Aave’s attempt to unfreeze $71 million in ETH linked to the Kelp DAO hack, requesting further information before a June hearing. #Update #Legal $ETH
SEC Targets DeFi with New Amendments
Senators propose amendments to the Clarity Act targeting stablecoin rewards, Trump family crypto ventures, and DeFi regulation ahead of a key Senate vote. #Update #Crypto
Ethereum Staking Surges Over 70% Total Supply
Over 50% of @Bitget users now invest in stocks alongside cryptocurrencies, with 51% using AI for investment decisions. Commodities like gold are the top alternative asset category. #Update #Crypto $BTC $ETH
Ethereum Liquidity Surges via Maple Partnership
Maple integrates with Ink to offer syrupUSDT to 10M users, enhancing institutional liquidity on the OP Stack-based network. #Update #DeFi
DeFi App Legend Shuts Down Amid Market Turmoil
@Legend has announced it will wind down after two years, citing insufficient growth for sustainability. This follows over 20 DeFi protocols shutting down in 2023 amid a challenging market. #Update #DeFi