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
Defi
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
Ethereum DeFi Raises $175M Challenges Wall Street
Morpho raises $175M led by Paradigm, Ribbit Capital, and a16z crypto, valuing it at $2B. The protocol aims to integrate traditional finance into DeFi. #Update #DeFi
Tokenization Takes Priority Over DeFi Rules
@Cointelegraph reports that EU adviser Peter Kerstens suggests prioritizing a digital asset framework over DeFi regulation in MiCA review, stating DeFi lacks representatives and may not need regulation. #Update #Crypto
Tokenization Must Lead EU DeFi Strategy
@EuropeanCommission adviser Peter Kerstens suggests focusing on a broader digital asset framework instead of regulating DeFi under MiCA, emphasizing the challenges of applying laws to decentralized networks. #Update #Crypto
Ethereum Launches Self-Custodial Wallet for DeFi
@MetaMask launched a self-custodial wallet for AI agents to transact in DeFi with user-defined controls, offering up to $10,000 loss protection; early access available now. #Update #Crypto $ETH
Aave Defends Resilience After $8.45B Bank Run
@Aave’s CEO Stani Kulechov defends the protocol’s resilience after a $292M exploit led to an $8.45B deposit run, revealing reliance on a $300M bailout and plans for V4 risk management overhaul. #Update #DeFi $AAVE
Cardano Hard Fork Vote Reveals ADA DeFi Weakness
@Cardano’s hard fork, Van Rossem, targets a May 29 mainnet vote amid concerns over infrastructure readiness, as ADA trades at $0.249, down 5.8% this week #Update #Crypto $ADA
DeFi Launches New Crypto Campaign Funding Option
@DefendDevelopersPAC, a new hybrid political action committee, aims to raise six figures to support pro-crypto incumbents in key midterm races, focusing on legal protections for developers. #Update #Crypto
Binance Launches Revenue Deal with Alpaca
@Binance disclosed a revenue-sharing agreement with Alpaca, sharing 50% of the stock custodian’s order flow revenue. #Update #Crypto $BNB
Binance Launches Revenue Deal with Alpaca
@Binance disclosed a revenue-sharing agreement with Alpaca, sharing 50% of the stock custodian’s order flow revenue with the cryptocurrency exchange. #Update #Crypto $BNB
Aave Restores Operations with $300M Backstop
Aave restores full liquidity after a $300M exploit, securing an emergency court order to reclaim $71M in Ethereum. New risk measures implemented to prevent future breaches. #Update #DeFi $AAVE
DeFi Faces Hacking Crisis Before Big Bank Adoption
Decentralized finance (DeFi) growth hinges on resolving security issues, particularly hacks, as executives at the Proof of Talk conference highlight ongoing vulnerabilities. #Update #Crypto $BTC $ETH
Bitcoin Navigates Identity Crisis Amid DeFi Shift
Bitcoin is facing an identity crisis as DeFi developers overlook financial management risks, while $SOL’s @SolsticeLabs reports over $500M in TVL and partners with ApexE3 for growth. #Update #Crypto $BTC $SOL