Latest DeFi News

Botanix shuts down Bitcoin Layer 2 after four-year push into Bitcoin DeFi

Botanix Labs has announced the shutdown of its Bitcoin Layer 2 network after reporting 25 million transactions and 200,000 wallets during its year-long mainnet operation. The team said user demand was not sufficient to sustain the network economically. In a…

7 hours ago

Hyperliquid and Paradigm warn GENIUS Act rule could hurt DeFi

Hyperliquid and Paradigm ask Treasury to narrow GENIUS Act AML rules they say could push regulated stablecoins away from open DeFi networks.

10 hours ago

BitGo opens Aave, Spark and Tesseract DeFi access to institutions

BitGo adds Aave, Spark and Tesseract through Narval, allowing eligible institutions direct DeFi access from qualified custody wallets.

12 hours ago

Token of Power exploit drains $1.58M from Balancer pool

Token of Power suffered an exploit on Tuesday that drained more than $1.5 million from its liquidity pool. On-chain firms Blockaid, PeckShield, and Cyvers flagged the incident in posts on X. The attack targeted the TOP/WETH Balancer V1 Pool and…

20 hours ago

Morpho raises $175M at $2B valuation for institutional DeFi push

Morpho raises $175M from Paradigm, a16z Crypto and Ribbit as the DeFi platform expands its open credit network for banks and asset managers.

1 day ago

ZachXBT rules out insider theft in Humanity Protocol’s $31M exploit

Humanity Protocol’s $31 million exploit has been linked to a genuine private key compromise rather than an insider theft scheme, according to a new assessment from on-chain investigator ZachXBT. According to ZachXBT, further analysis of the stolen funds has led…

1 day ago

PiggyBank’s LAB hedge backfires as USDC vault NAV drops 15%

PiggyBank closed its LAB hedge after extreme swings, with estimated NAV drawdowns of 15% for USDC, 12% for SPYx and 9% for JitoSOL accounts.

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2 days ago

Uniswap records largest UNI burn as Hayden Adams backs DeFi

Uniswap has recorded its largest daily UNI burn under the UNIfication mechanism as Hayden Adams renewed his bullish view on DeFi and Ethereum. Hayden Adams, the creator of Uniswap, said on X that he is “extremely bullish on DeFi and…

5 days ago

House Committee unveils crypto tax plan that could reshape DeFi

The U.S. House Ways and Means Committee has released seven crypto tax discussion drafts that would introduce new rules for decentralized finance lending, stablecoin payments, staking rewards, and other digital asset transactions ahead of a June 9 congressional hearing. According…

5 days ago

Hester Peirce raises big question over DeFi developer liability

SEC Commissioner Hester Peirce has said that software developers who publish open-source blockchain code should not face federal securities registration rules simply because others use their work. SEC Commissioner Hester Peirce, speaking Tuesday at the IC3 Blockchain Camp at Princeton…

6 days ago

Plume and Ether.fi launched a yield-bearing RWA vault with a $100 million exclusive allocation.

Ether.fi users can access tokenized real-world asset yield directly through the ether.fi app.

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Ether.fi bets $100M on Plume as tokenized RWA demand accelerates

Plume and Ether.fi have launched a yield-bearing real-world asset vault with a $100 million exclusive allocation from Ether.fi. According to the press release, the allocation comes from ether.fi’s liquidity provider base, including funds, family offices, and high-net-worth individuals. Charles Mountain,…

6 days ago

How AI agents can transform DeFi trading without sacrificing user control

AI agents have moved from experimental tools to active participants in financial markets, and Neyro’s Andrew Isaacs has argued that decentralized finance could become one of the sectors where the technology proves its value most clearly. Over recent weeks, several…

6 days ago

New Defend Developers PAC targets key races with DeFi on the line

Defend Developers PAC has entered the crypto campaign finance field, focusing on protecting blockchain developers and DeFi builders in Washington. Defend Developers PAC said Wednesday that it plans to raise and contribute more than six figures across dozens of congressional…

7 days ago

Dogecoin holds $0.10 as Paxos deal opens door to PayPal and Venmo’s 100M+ users

Dogecoin is trading around $0.10 after House of Doge and Paxos unveiled a partnership that could funnel the meme coin into PayPal and Venmo’s combined base of hundreds of millions of users. House of Doge, the official corporate arm of…

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1 week ago

Zcash consensus vulnerability emergency patch

Zcash slides to $572 as emergency patch exposes consensus fragility, can it become a top ten token?

Zcash is trading around $572.12 after the Zcash Foundation rushed out Zebra 4.5.1, an emergency consensus security fix that underlines how brittle the network’s infrastructure still is. The Zcash Foundation has pushed out Zebra 4.5.1, an emergency security update for…