Aave V3 Boosts USDC Rates Post Exploit
Circle’s Chief Economist proposes raising USDC’s Aave V3 Slope 2 rate to 50% after a $292M KelpDAO exploit drained liquidity. AAVE token fell 20-26%.
DeFi
Covers all aspects of DeFi – Decentralised Financial systems, protocols, and instruments built on blockchain.
Ethereum Launders $75K Stolen ETH via THORchain
The wallet linked to the Kelp DAO exploit has laundered nearly all of the $175 million in stolen Ether, with $71 million still frozen by Arbitrum’s security council. #Breaking #Crypto $ETH
Bitcoin Faces $80K Liquidity Challenge
Bitcoin is nearing breakeven for ETF investors at $76,000 and short-term whales at $79,000, with both groups facing over $4 billion in unrealized losses; the $80,000 level is crucial. #Update #Crypto $BTC
DeFi Crashes $15B Beyond Hack Reasons
DeFi faces a severe liquidity shock after an exploit at Kelp DAO led to $230M in potential bad debt, causing Aave’s TVL to drop by $15B in three days. #Breaking #Crypto $AAVE (-8) ↘
Stablecoins Surge Amid Aave Crisis KelpDAO Hack
$10 billion exited Aave post-KelpDAO breach, shifting liquidity to Spark protocol (+10% TVL) and stablecoins like $USDC as safe havens. RWA platforms and liquid staking also gained. #Update #Crypto $USDC
DeFi Protocol Volo Hacked for $3.5M
@Volo has reported a security breach resulting in a loss of approximately $3.5 million in digital assets, with plans to absorb losses and freeze $2 million of the stolen funds. #Breaking #DeFi $SUI
DeFi Protocol Loses Millions After Hack
@VoloProtocol suffered a security breach, losing approximately $3.5 million from three vaults, while assets in other vaults remain safe. The protocol is working to trace the stolen funds. #Breaking #DeFi $USDC
XRP Ledger Powers BlackRock Mastercard DeFi Move
BlackRock and Mastercard leverage the XRP Ledger for a DeFi initiative, highlighting increased institutional interest in blockchain technology. #Update #DeFi $XRP
XRP Surges to Lead New DeFi Cycle
XRP’s DeFi ecosystem expands rapidly with FXRP nearing 160M tokens, signaling rising adoption. XRPL Validator argues XRP’s design is superior for DeFi evolution. #Update #DeFi $XRP
DeFi Sector Loses $800M to Hacks
In 2026, the DeFi sector suffered losses nearing $800 million due to hacks, with April alone accounting for over $630 million, marking it as the worst month in DeFi history. #Breaking #Crypto $ETH
XRP Faces DeFi Bridge Delay Amid Risks
Ripple CTO @JoelKatz raised security concerns about integrating DeFi bridges for RLUSD, highlighting risks similar to the $292M KelpDAO exploit. He emphasized prioritizing security over convenience in these protocols. #Update #Crypto $XRP
Aave Faces $230 Million Losses After Exploit
The Kelp DAO and LayerZero bridge exploit could result in Aave facing up to $230 million in losses, prompting immediate risk containment measures. $AAVE #Update #DeFi
LayerZero Blames Kelp Setup for Aave Exploit
@LayerZero claims Kelp DAO’s exploit, resulting in a $290 million loss, stemmed from a single verification path in its decentralized verifier network. Aave’s TVL dropped by $8.9 billion amid fallout. #Breaking #Crypto $AAVE (-8) ↘
DeFi Lending Crisis Exposed by Kelp Exploit
The Kelp exploit’s fallout could have been mitigated, but at the expense of capital efficiency, says @CurveFinance founder. #Update #Crypto $CRV