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
Defi
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
DeFi Contracts Linked to $36.7M Losses
Unverified smart contracts caused $36.7M in DeFi losses, with Truebit losing $26.2M due to an exploit; Chainalysis warns against obscurity as security. #Update #Crypto
Cardano Surges as DeFi Metrics Climb
Cardano’s DeFi metrics are rising, suggesting resilience despite market volatility, according to a DEX aggregator. #Update #DeFi $ADA