DeFi

Highlights: Cork Protocol recently lost $12M worth of wstETH after a smart contract exploit. The attacker swapped stolen tokens for 4,530 ETH, held in one wallet. All contracts have been stopped as Cork examines what caused the breach. Cork Protocol […]

Highlights: The price of Quant has surged over 40% in a month, to the $106 mark. Quant CEO has unveiled the launch of OverLedger Fusion, which allows faster and scalable transactions. CoinGlass data shows increased interest in the QNT token, […]

Highlights: Judge Arun has cleared Eisenberg of fraud charges, as Mango Markets’ code was open and did not rely on personal input. The court ruled that smart contracts cannot be deceived due to their permissionless and automatic design. The platform […]

Highlights: Hyperliquid responds to the CFTC by showing how its platform supports safe trading without banks. The platform shared real-time data to show how it handles risk and keeps trading open at all hours. The HYPE token hits an ATH […]

Highlights: OKX has launched xBTC to let Bitcoin users access DeFi without selling their BTC. Wrapped Bitcoin allows users to take advantage of features not included in the native BTC token. The OKX Wallet team will also launch an income […]

Highlights: Crypto hacks in April 2025 reached $92 million, marking a 124% increase from March. Most of these losses occurred in DeFi hacks, like the $70 million that was lost by UPCX. State-backed threat actors are emerging as a significant […]

Highlights: OKX Pay Wallet will offer stablecoin payments and a physical card for everyday use without private keys. The Pay Wallet will separate payment functions of the platform with DeFi. OKX separates payments and DeFi with the new Pay Wallet, […]

Highlights: To foster stablecoin adoption, Coinbase and PayPal are providing zero-fee PYUSD-USD conversions. The collaboration explores on-chain platforms and decentralized finance (DeFi) using PYUSD. PYUSD has been on the rise in terms of usage, and its market cap has doubled […]

Highlights: HashKey Capital’s XRP Tracker Fund aims to attract global investment in XRP. The fund may evolve into an ETF within one to two years, pending approval. Ripple and HashKey are collaborating on tokenizing real-world assets and DeFi projects. HashKey […]

Highlights: Trump’s signature cancels the IRS rule, protecting DeFi platforms from new reporting requirements. DeFi platforms criticized the rule for being technically impossible and burdensome on innovation. The repeal reduces the compliance burden, stopping the IRS from reimposing similar rules […]

Highlights: Crypto scam losses dropped to about $28.8 million after the over $1.5 billion loss suffered in February. Code vulnerabilities accounted for the highest losses in March. Hackers stole about $14.47 million through DeFi platforms. Blockchain investigation platform Certik Alert […]

Highlights: Tether has expanded USDT0 to OP Mainnet to improve access and boost stablecoin adoption. Superchain processes over half of Ethereum L2 transactions and expects to go beyond by the end of the year. The integration aims to drive DeFi […]