Unverified DeFi contracts led to $36.7M in losses from four exploits, with Truebit losing $26.2M due to an integer overflow vulnerability; Chainalysis urges source code verification and monitoring tools. #Update #Crypto
One of the architects of the Markets in Crypto-Assets (MiCA) framework stated that the European Union should focus on tokenization rather than regulating decentralized finance (DeFi) as it seeks feedback. #Update #Crypto
@DxSale suffered a breach resulting in a loss of $7.3M from 1,400 liquidity providers on BNB Chain, highlighting that locked liquidity does not eliminate all smart contract risks. #Update #DeFi $BNB
@Botanix is winding down after four years, urging users to withdraw assets by July 9 due to weak demand for Bitcoin DeFi. The project failed to find sustainable product-market fit. #Update #Crypto $BTC
@StandardChartered predicts that decentralized finance (DeFi) assets will reach $2.7 trillion by 2030, driven by tokenized real-world assets and increased usage of stablecoins. #Update #Crypto $USDT
A legacy Aztec Connect smart contract was exploited for $2.19M, affecting ETH, DAI, and wstETH, highlighting risks of “zombie” contracts in DeFi. #Breaking #Crypto $ETH
Standard Chartered projects decentralized finance (DeFi) assets to grow 37-fold to $2.7 trillion by 2030, driven by tokenized real-world assets and crypto-native assets. #Update #Crypto
@StandardChartered forecasts DeFi assets to reach $2.7 trillion by 2030, driven by tokenized real-world assets and increased onchain activity. Current DeFi usage of stablecoins at 3%. #Update #Crypto $ETH
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
Morpho raised $175M co-led by Paradigm, a16z crypto, and Ribbit Capital, enhancing DeFi lending infrastructure funding. #Update #DeFi
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
@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
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
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
