Bitcoin Drives Cardano’s $1B DeFi Liquidity Push
The Cardano community has approved the Orion Fund, unlocking 50 million ADA to attract Bitcoin liquidity into its DeFi ecosystem, aiming for a $3 billion on-chain economy by 2030. #Update #Crypto $ADA
Defi
Ethereum Startup Morpho Secures $175M Funding
Morpho raised $175M co-led by Paradigm, a16z crypto, and Ribbit Capital, enhancing DeFi lending infrastructure funding. #Update #DeFi
SEC Proposes Rule Changes Impacting Tokenized Stocks
The SEC proposes rescinding Regulation NMS Rules 611 and 610e to modernize equity market structure, potentially impacting tokenized securities. Public comments are awaited. #Update #Crypto
Bitcoin Hacker Moves at Superhuman Speed
@DriftProtocol lost $285M to a North Korea-linked group after a social-engineering attack, while Kelp DAO was exploited for $292M due to a flaw. Humanity Protocol also suffered a $30M loss from private-key compromise. #Breaking #Crypto $BTC
Bitcoin Collateral: Aave Approves Circle Wrapped
Aave Labs proposes adding Circle Wrapped Bitcoin (cirBTC) as collateral on Aave V3 and V4 Core, pending community feedback and governance approval. #Update #DeFi $AAVE
USDC PSM Buffer Proposal Doubles to $800M
BA Labs proposes doubling LITE-PSM-USDC-A parameters in Sky stablecoin system, increasing daily refresh capacity to 1.6B and serving capacity to 2.4B; pending Executive Vote approval. #Update #Crypto $USDC
Ethereum Nears 200M Wallets Milestone
Ethereum nears 200 million non-empty wallets amid market uncertainty, highlighting the network’s growth despite volatile conditions. #Update #Crypto $ETH
Crypto Hackers Drain $36M Unverified Contracts
Crypto hackers exploited unverified contracts, draining over $36M from protocols. This significant security breach impacts the crypto landscape. #Breaking #Crypto #Security
DeFi Contracts Linked to $36.7M Losses
Unverified smart contracts linked to $36.7M in DeFi losses over six months, with Truebit’s $26.2M exploit highlighting security risks. Chainalysis urges source code verification for protection. #Update #Crypto $ETH
Bitcoin DeFi Demand Plummets as Botanix Shuts Down
@Botanix is shutting down after four years, citing weak demand for Bitcoin DeFi. Users must withdraw assets by July 9 to avoid loss. #Update #Crypto $BTC
Bitcoin DeFi Demand Plummets as Botanix Shuts Down
@Botanix is shutting down after four years due to weak demand for Bitcoin DeFi; users must withdraw assets by July 9 to avoid loss. #Update #Crypto $BTC
Bitcoin DeFi Demand Fails as Botanix Closes
@Botanix is shutting down after four years, citing weak demand for Bitcoin DeFi. Users must withdraw assets by July 9 or risk losing access. #Update #Crypto $BTC
Bitcoin DeFi Project Shutdown Shocks Users
@Botanix is shutting down its Bitcoin layer-2 network, citing poor market conditions and low user interest, with a total value locked of only $119,500 despite raising $14.4 million. #Update #Crypto $BTC
DeFi Giant Morpho Raises $175M at $2B
Morpho raises $175M from Paradigm, A16z Crypto, and Ribbit at a $2B valuation as its TVL hits $6.6B, highlighting institutional DeFi demand. #Update #Crypto