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Galaxy, Sharplink Launch $125M Institutional DeFi Fund Using ETH Treasury

Digital asset company Galaxy and Ethereum treasury platform Sharplink will launch a private fund that will invest Ether in decentralized finance (DeFi) strategies, signaling growing institutional interest in earning onchain yield from…
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Hyperliquid, EdgeX, Pump.fun Return $96M to Token Holders in 30 Days

Three of DeFi’s relatively young applications, including Hyperliquid, EdgeX and Pump.fun, have distributed a combined $96.3 million to token holders over the past 30 days, as the sector’s focus shifts to actual earnings.Hyperliquid led the…
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Court Lets Arbitrum DAO Transfer $71M in ETH Tied to North Korea Hack to Aave

A Manhattan federal judge has allowed Arbitrum DAO to move $71 million in frozen Ether to Aave, clearing the path for the DeFi protocol’s recovery effort following a North Korea-linked exploit.Judge Margaret Garnett of the Southern District…
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KelpDAO Hack Fallout Pushes Another DeFi Protocol Toward Chainlink CCIP Migration

Chainlink CCIP just secured another major DeFi migration. Bitcoin-focused DeFi platform Solv Protocol announced that it is fully migrating to the Chainlink Cross-Chain…
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Arbitrum Poised to Unfreeze $71M ETH Passes With 90% in Favor

A joint proposal to release the roughly $71 million in Ether frozen after the Kelp DAO exploit is set to pass later on Thursday, moving a cross-protocol recovery effort closer to restoring part of rsETH’s backing.Over 90.5% of the tokens…
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North Korea Tied to Heists Worth $578M in April After Kelp DAO Exploit

Kelp DAO suffered a $292 million hack on Saturday, overtaking Drift as the largest crypto exploit of the year so far. North Korea-linked hackers are suspected to be behind the attack.Kelp DAO said Monday that the exploit stemmed from a…
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ZachXBT Targets Lesser-Known DEX in Fresh Allegations Over Illicit Crypto Flows

The platform, however, rejected any wrongdoing. Tokenlon explained that it does not custody funds and that all transactions remain publicly traceable on-chain.…
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ZetaChain Dismissed Bug Report That Could Have Prevented $334K Exploit

The vulnerability that led to ZetaChain’s recent exploit had been flagged through its bug bounty program before the attack, but was dismissed as intended behavior.In a post-mortem published Wednesday, the team said the incident has prompted…
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WLFI Token Price Drops 14% After Controversial Token Unlock Proposal Goes to Vote

The native token of Trump-family-linked World Liberty Financial dropped nearly 14% on Wednesday as a controversial governance proposal that would place over 62 billion WLFI tokens under new multiyear vesting schedules went to a community…
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Crypto VC Funding Plunges to $659M in April, Hits 2024 Lows

Crypto venture capitalist (VC) funding plunged to a near two-year low in April as investors pulled back from crypto start-ups and early-stage companies.Crypto VC funding fell to $659 million across 63 funding rounds in April, down 74% from…
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