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Retail Users Drive the Bulk of USDT0 Transaction Volume
The omnichain stablecoin USDT0 is primarily used by retail holders: 99.2% of wallets hold less than $1,000, with a median transfer size of just $902.
Arbitrum DAO Votes on $71M Transfer to DeFi United Recovery Fund
Arbitrum's governance has launched a vote to transfer 30,766 ETH (~$71M) to the DeFi United fund created to cover losses from the Kelp exploit.
Wasabi Protocol Hacked for Over $5 Million Across Multiple Chains
DeFi protocol Wasabi suffered a security breach on April 30, with attackers draining over $5 million in assets across Ethereum, Base, Berachain, and Blast by exploiting a compromised admin key.
Arthur Hayes: Hyperliquid Could Dominate Prediction Markets Thanks to HYPE Token
BitMEX co-founder Arthur Hayes believes that the native HYPE token will give Hyperliquid a decisive edge over Kalshi and Polymarket in the prediction markets segment.
Standard Chartered Maintains DeFi Outlook Despite $292M Kelp Protocol Hack
Standard Chartered analysts view the $292M Kelp protocol exploit as a serious but non-fatal blow to DeFi, maintaining their forecast for the tokenized asset market to reach $2 trillion by 2028.
ZetaChain Publishes Post-Mortem of $334K Cross-Chain Exploit; Syndicate and Aftermath Also Hacked
ZetaChain detailed a $333,868 exploit targeting its GatewayEVM contract on April 27. Meanwhile, Syndicate lost $330K through a bridge compromise, and Aftermath Finance on Sui was drained of $900K.
LayerZero Commits 10,000 ETH to DeFi United Recovery Initiative
Omnichain protocol LayerZero Labs is pledging over 10,000 ETH (~$23M) to the Aave-led DeFi United initiative launched after the Kelp exploit. The move drew mixed reactions from the community.
Messari Report: Bitget's AI Trading Tools Attract Nearly 500,000 Users
A Messari Pulse report highlights rapid adoption of Bitget's AI-powered trading ecosystem, which has onboarded nearly half a million users since February.
DeFi United Raises Over $300M to Restore Ecosystem After Kelp Exploit
The DeFi United initiative has accumulated over 132,704 ETH ($302M) to recover from the Kelp protocol hack, fully covering the $290M in damages.
ZetaChain Halts Cross-Chain Operations Following GatewayEVM Smart Contract Exploit
An attacker exploited a vulnerability in ZetaChain's GatewayEVM contract on April 27, causing an estimated $300,000 in losses. Singularity Finance was also hit the same day for $413,000.
Curve Founder Michael Egorov Proposes Tokenizing Bad Debts Instead of DAO Bailouts
Curve Finance founder Michael Egorov introduced a mechanism to convert bad debts into tradable assets. The pilot targets LlamaLend's $700,000 stuck debt from October 2024.
DeFi Protocol Scallop on Sui Hacked: 150,000 SUI Drained from Rewards Pool
Lending platform Scallop lost approximately 150,000 SUI after hackers exploited a deprecated rewards smart contract. The team pledged to cover 100% of losses from its own funds.
Weekly Recap: Aave Ecosystem Rescue Mobilizes 100,000 ETH and Quantum Computer Cracks 15-Bit ECC Key
Bitcoin held near $78,000, the DeFi community rallied over 100,000 ETH to help Aave recover from the Kelp hack, and a researcher cracked a 15-bit ECC key on a quantum computer.
DeFi United Raises Over 100,000 ETH to Rebuild Aave Ecosystem After Kelp Exploit
A coalition of DeFi protocols has pooled over 100,000 ETH (~$230M) into a recovery fund for Aave following the Kelp exploit, nearly covering the $290M in damages.
CoinShares: TradFi and DeFi Are Merging Into a Hybrid Finance System
A joint report by CoinShares and Token Terminal documents the convergence of traditional and decentralized finance into a measurable market structure, with stablecoins at $297.6 billion and the RWA market approaching $29 billion.
DeFi United: Major Protocols Pool Tens of Thousands of ETH to Rescue Aave
Following the Kelp exploit, leading DeFi protocols have banded together under the DeFi United initiative, committing tens of thousands of ETH to restore rsETH backing and stabilize Aave.
Wave of DeFi Exploits Puts Wall Street's Crypto Ambitions at Risk
Attacks on Drift and Kelp triggered over $15 billion in DeFi outflows. A Jefferies analyst warns that major financial firms may slow their blockchain adoption efforts.
Aave Deposits Plunge by $16 Billion in Days Following Kelp Hack
Aave's total deposits dropped 35% from $45.8 billion to $29.6 billion after the Kelp exploit. The protocol's TVL has fallen to $15.1 billion, while AAVE token lost 13.8% in a week.
Kelp Hack Fallout: Aave Loses $15.1 Billion in Deposits Within Days
The Kelp protocol exploit triggered a massive $15.1 billion deposit exodus from Aave, stripping a third of its TVL. Meanwhile, rival platform Spark absorbed $1.3 billion in inflows.
Bitget Wallet Integrates Polymarket and Launches AI Analytics for Prediction Markets
Non-custodial wallet Bitget Wallet has integrated prediction platform Polymarket, giving users mobile access to prediction market trading with built-in AI analytics tools.
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