Summer.fi will wind down operations after a $6.04 million exploit hit its Lazy Summer Protocol on July 6, wiping out the capital the team needed to rebuild. The five-year-old Decentralized Finance (DeFi) platform said …
DeFi
Decentralized finance (DeFi) tokens have held up unusually well against Bitcoin over the past month, suggesting the market may be “quietly re-rating” the sector, says crypto index fund maker Bitwise. Bitcoin (BTC) fell about …
Crypto yield has always carried a credibility problem. The same market that learned to demand proof after incentive-heavy protocols unwound still tends to compress risk into a single APY. That tension sits at the …
- Bitcoin & Ethereum
DeFi Users Warned to Revoke Approvals Before Anthropic’s Mythos AI Launches
by adminby adminToken approvals often accumulate unnoticed over time, creating potential exposure if previously trusted contracts become compromised. Anthropic is reportedly set to release a public version of its Mythos AI model, and crypto analyst The …
- NFT & Metaverse
TradFi will sit out DeFi growth until security issues are resolved, executives say
by adminby adminThe long-term value of decentralized finance (DeFi) depends on its ability to transform the back-office operations of global banking institutions rather than providing alternative trading environments, according to asset management and banking executives. Speaking …
On May 28, Aave Labs announced that its UK subsidiaries Push Labs Ltd. and Push Virtual Assets Ltd. received FCA registration as cryptoasset exchange providers, layered on top of the group’s existing Electronic Money …
- Blockchain Research
Have AI agents made the entire $148 billion DeFi sector unsafe?
by adminby adminA warning from one of decentralized finance’s (DeFi) early security figures has turned a difficult stretch of hacks into a broader test of how the industry can defend itself against artificial intelligence (AI). On …
Solana Exchange Raydium Hit With $1.34 Million Exploit as DeFi Attacks Grow
In brief Solana DEX Raydium was hit with a $1.3 million exploit on Wednesday. The exploit affected five deprecated liquidity pools from an older version of its automated market maker program. The incident joins …
Ethereum’s Vitalik Buterin is rethinking how DeFi handles market crashes
Ethereum co-founder Vitalik Buterin is exploring a new way to build crypto investment products that could reduce one of decentralized finance’s biggest risks: sudden liquidations. In a research post published Monday, Buterin proposed creating …
Ethereum Price Slips 10% Behind Bitcoin as DeFi Engine Loses $43 Billion
Ethereum (ETH) price is stalling near $2,140 as a sharp DeFi erosion since January now matches a bearish chart structure carved out over the past seven weeks. The lag against Bitcoin and a sliding …