News
Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.
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Latest News on DeFi
Decentralized finance, also known as DeFi, is a sector within the overall cryptocurrency and blockchain industry focused on providing a decentralized version of mainstream financial opportunities. In the mainstream world, financial institutions offer customers access to opportunities such as cash storage and loans. However, these offerings are governed by centralized entities.
With the help of distributed ledger technology, or DLT, DeFi solutions offer a number of the same opportunities, but they are controlled by a large number of participants who abide by rules enforced by smart contracts. DeFi solutions also often give greater flexibility in terms of users’ ability to store and control their own assets. Additionally, decentralized exchanges, or DEXs, further decentralize digital asset trading, in contrast to trading on centralized digital asset platforms.
- Spotlight
As onchain perpetuals grow more sophisticated, traders are looking for systems that combine analysis, execution and strategy tools in one place.
6976 - News
LayerZero said that Kelp’s DVN setup allowed the $290 million exploit, as investors questioned which protocol would step up to cover the shortfall.
1151 - News
The Aave token fell nearly 20% to $89.5 in just over 24 hours as users withdrew billions of dollars from the lending protocol.
1798 - News
The contagion from the Kelp exploit could have been contained, but at the cost of capital efficiency, according to the founder of Curve Finance.
1393 - News
RaveDAO denies involvement in RAVE token price surge and crash as Binance and Bitget launch investigations into suspected market manipulation.
2415 - Analysis
Stablecoins promise seamless dollar movement, but fragmented liquidity is turning large transfers into complex execution problems, says Eco CEO Ryne Saxe.
899 - News
Rhea Finance and the Russia-linked Grinex exchange were hacked for a combined $21 million over the past two days.
1152 - News
Circle was accused of aiding and abetting the conversion of the stolen funds and negligence after it did not freeze funds stolen from the Drift Protocol in April.
1979 - News
The Drift Protocol will use the $150 million to relaunch and restore user funds following a $280 million exploit earlier in April.
1129 - News
AllUnity says it is expanding EURAU stablecoin liquidity pools across major DEXs such as Uniswap and Raydium, with trading pairs against USDT and USDT0.
1048 - News
A review of over 150 crypto protocols finds fewer than 1% disclose market-making arrangements, revealing a major transparency gap in token trading structures.
1113 - Market Update
Ether looks poised to gain a price advantage over BTC as the ETH/BTC ratio soars to a 10-week high.
1155 - Research
EIP-8105 proposes a scheme-agnostic encrypted mempool for Ethereum, designed to hide transaction payloads until after inclusion and reduce harmful MEV.
1115 - News
The new proposal outlines multi-year lockups and opt-in token burn, as the Trump-linked DeFi platform responds to pressure over delayed liquidity access.
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