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
Defi
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
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