DeFi TVL Plummets Across Top Chains After KelpDAO Hack
Ethereum's Total Value Locked dropped nearly 11% in 24 hours while Bitcoin, Tron and BSC were not as badly affected.
The fallout from the $293 million KelpDAO exploit…
Revolut Weighs Future IPO, Flexes India’s Beta Launch
Key Takeaways: Revolut CEO Nik Storonsky ends market rumors, delaying the bank’s IPO to 2028 to build public trust. Bypassing a 2026 IPO, Revolut might use private share sales to push its $75B valuation to $100B. Expanding globally, Paroma…
Ethereum Faces Liquidity Pressure as Price Swings Between $2,200 and $2,500 Zones
TLDR:
ETH moved between $2,200 and $2,500 as liquidation zones triggered sharp price reversals
Heavy leverage clusters near $2,200 and $2,480 continue shaping short-term ETH volatility patterns
The failed breakout near $2,450…
Aluminum Giant Alcoa to Sell Dormant Smelter to Bitcoin Miner NYDIG: Report
US aluminium giant Alcoa is reportedly nearing a deal to offload its long-idle Massena East smelter in upstate New York to Bitcoin mining firm New York Digital Investment Group (NYDIG).The company is in advanced discussions and expects the…
Stablecoins Do Not Threaten Banking Just Yet: Analyst
The impact of stablecoins on the banking sector appears “limited” at the current phase of the adoption cycle, but banks could face increasing competition and an erosion of market share as the stablecoin sector and tokenized real-world…
Aave’s TVL Falls $8B After $293M Kelp DAO Hack
Total value locked on decentralized lending protocol Aave dropped by nearly $8 billion over the weekend after hackers behind the $293 million Kelp DAO exploit borrowed funds on Aave, leaving roughly $195 million in “bad debt” on the…
Circle Launches USDC Bridge For Native Cross-Chain Transfers
Stablecoin issuer Circle has launched USDC Bridge, a new user interface built on top of the Cross-Chain Transfer Protocol (CCTP) that seeks to simplify native cross-chain transfers of the USDC stablecoin.On Friday, Circle’s USDC X account…
Foundation Shuts Down NFT Marketplace After Failed Sale
Foundation, one of the better-known Ethereum-based non-fungible token (NFT) marketplaces of the 2021 boom, is shutting down after the sale that was supposed to keep it operating fell apart.Kayvon Tehranian, Foundation’s founder and CEO,…
SOL Open Interest Jumps 20% As Traders Eye Rally To $100
Key takeaways:Solana maintains its market dominance in DEX volume and TVL despite SOL’s underperformance versus its peers.Easing sell pressure from volatile geopolitics and a resurgence in memecoin activity could catalyze a SOL price rally…
AllUnity Expands EURAU Stablecoin Into Uniswap DeFi Liquidity Pools
AllUnity, a regulated European stablecoin issuer, is expanding its euro-pegged stablecoin, EURAU, across major decentralized exchanges (DEXs).The company announced Thursday that its EURAU stablecoin is entering liquidity pools across major…