Covers all aspects of DeFi – Decentralised Financial systems, protocols, and instruments built on blockchain.
The Kelp liquid restaking protocol was exploited, losing about $293 million, triggering contagion across nine DeFi platforms including Aave and Compound. Experts warn against non-isolated lending risks. #Breaking #Crypto $KELP
Wrapped $XRP launched on Solana via @HexTrust, enabling use in DeFi apps like Jupiter and Phantom, backed 1:1 by native $XRP. Broader rollout targets Ethereum and Optimism. #Update #Crypto $XRP
@Payward acquires Bitnomial for $550M, expanding into US derivatives; secures $200M from Deutsche Börse Group. @Slash raises $100M for a global financial platform. #Update #Crypto $BTC
Stablecoins, with a market cap over $320B, face liquidity fragmentation issues affecting large transactions, complicating movement across chains and impacting execution quality, says @Eco CEO Ryne Saxe. #Update #Crypto $USDT $USDC
Autonomous AI agents account for 19% of on-chain activity, but struggle in open-ended trading. Total value locked in agent-managed positions exceeds $39M. #Update #Crypto
Novora reports 91% of crypto protocols generate revenue, yet <1% disclose market maker deals, posing risks to token pricing and liquidity. #Update #Crypto
AllUnity expands liquidity pools for its EURAU stablecoin across major DEXs like Uniswap and Raydium, trading against $USDT. #Update #Crypto $USDT
A study by @Novora reveals that under 1% of over 150 crypto protocols disclose market-making terms, highlighting a significant transparency gap in investor relations. #Update #Crypto
Bitwise Asset Management launched its Avalanche ETF, BAVA, on NYSE with $2.5M assets and $400K initial volume, offering AVAX exposure and staking rewards. #Update #Crypto $AVAX
@Figure launches auto loans on its Hastra platform, expanding DeFi’s real-world asset offerings. The product will debut on Solana before moving to Ethereum in June. #Update #Crypto $SOL $ETH
The crypto derivatives market has evolved from spot trading to perpetuals and futures, with Deribit enhancing options liquidity and on-chain options gaining traction. #Update #Crypto
CoW Swap’s front-end was compromised, leading to an estimated $500,000 in user losses; the protocol is paused but smart contracts remain unaffected. Vitalik Buterin recently used the platform. #Update #DeFi
The SEC exempts certain DeFi interfaces from broker-dealer registration, advancing its crypto agenda despite Congress’s inaction. Industry leaders celebrate this regulatory shift as a win for decentralized finance. #Update #DeFi
Aave’s DAO approves a $25M stablecoin grant and 75,000 AAVE token allocation to Aave Labs under the “Aave Will Win” framework, aiming to enhance protocol growth. #Update #DeFi $AAVE
