🚨 DeFi Lending Platform Radiant Capital Suffers $50M Exploit
Radiant Capital was hacked on Wednesday, resulting in losses exceeding $50 million. Several blockchain security firms have reported that the exploit occurred due to an apparent cyberattack targeting the platform’s smart contracts on both the Binance and Arbitrum networks. The incident was first detected by blockchain security firm Ancilia Inc., which reported suspicious activity on a Radiant Capital smart contract on the BNB Chain at 1:35 PM ET in an X post.
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/channel/DeFi_Ethereum
📣 Donald Trump Reveals Defi Project's Token Launch
On Saturday, former President Donald Trump announced that the World Liberty Financial (WLF) token sale will kick off on Tuesday, Oct. 15. In his post on X, Trump described it as a “chance to help shape the future of finance.” He also noted that an X Spaces discussion about the token launch will be aired on Oct. 14.
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/channel/DeFi_Ethereum
🔵 Trump Crypto Project Submits Proposal to Ethereum DeFi Giant Aave
Former President Donald Trump’s long-rumored decentralized finance (DeFi) project is slowly coming together, with more details coming to light today. World Liberty Financial submitted a proposal on Wednesday to the governance forum of Ethereum DeFi platform Aave—upon which Trump and his business partners intend to build their crypto offering.
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/channel/DeFi_Ethereum
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📊 DeFi TVL up 10% in September to $133 billion
The DeFi ecosystem recorded a roughly 10% increase in total value locked across all major networks during September, with the total up $12 billion to $133 billion. According to DefiLlama data, decentralized exchanges (DEX) and liquid staking protocols were the largest contributors to the increase in TVL.
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/channel/DeFi_Ethereum
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🪙 Uniswap’s Model Is a Science Project That Could Kill DeFi
Ethereum’s launch in 2015 built off Bitcoin’s formula by enabling developers to play a more active role in designing decentralized applications, likely representing a major turning point in the history of finance by introducing smart contracts and paving the way for decentralized finance (DeFi).
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/channel/DeFi_Ethereum
💰 Solana DeFi Platform Mango Markets Settles SEC Charges Over MNGO Token
The U.S. Securities and Exchange Commission (SEC) announced Friday that it has charged the teams behind the Solana-based DeFi platform Mango Markets—Mango DAO, Mango Labs, and the Blockworks Foundation—with securities charges following a lengthy investigation. Collectively, the firms will pay nearly $700,000 worth of civil penalties and have agreed to "destroy their MNGO tokens, to request the removal of MNGO tokens from trading platforms, and to refrain from soliciting any trading platform to allow trading in or offering or selling MNGO."
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/channel/DeFi_Ethereum
📣 Defi.money integrates LayerZero as interoperability solution
Chain-agnostic stablecoin protocol defi.money has integrated LayerZero to bring omnichain liquidity to its network. LayerZero is an interoperability solution that offers a foundational layer for omnichain applications and blockchains. The LayerZero team announced the integration in a post on X on Sept. 26. The integration comes as defi.money’s stablecoin MONEY implemented the omnichain fungible token, also known as OFT.
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/channel/DeFi_Ethereum
🔴 OKX Wallet Launches 'Avalanche DeFi Season' Campaign Featuring a 15,000 AVAX Reward Pool
OKX Wallet Launches 'Avalanche DeFi Season' Campaign Featuring a 15,000 AVAX Reward Pool. OKX Wallet today announced the launch of 'Avalanche DeFi Season,' offering eligible users the opportunity to claim from a reward pool of 15,000 AVAX. The campaign aims to reward OKX Wallet users who supply USDT and USDC to Aave or Benqi via this link with bonus AVAX tokens - in addition to any base annualized earnings.
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/channel/DeFi_Ethereum
♦️ DeFi aggregator Zapper adds support for Polkadot’s Moonbeam parachain
DeFi aggregator and portfolio management tool Zapper has added support for Moonbeam Network as it seeks to expand its offerings within the Polkadot ecosystem. Zapper lets users track the wallet activity of their favorite collectors, adding a social element to the typically information-heavy process of monitoring on-chain data. In addition, the platform enables users to manage and farm yields from various DeFi projects.
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/channel/DeFi_Ethereum
💰 DeFi lending protocol Sky to drop wrapped Bitcoin after governance vote
Decentralized finance pioneer Sky, formerly Maker, is forging ahead with a plan to offload wrapped Bitcoin collateral from the platform. Following a governance vote that ran for three days and closed on Sept. 19, the DeFi lending and borrowing platform has ratified to remove its exposure to wrapped Bitcoin (WBTC).
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/channel/DeFi_Ethereum
🚨🚨 SEC Charges Defi Platform Rari Capital and Founders
The U.S. Securities and Exchange Commission (SEC) has announced charges against decentralized finance (defi) platform Rari Capital and its co-founders for misleading investors and operating as unregistered brokers. The settlement involves penalties, injunctions, and bars against the individuals involved, with violations stemming from unregistered securities offerings and deceptive practices.
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/channel/DeFi_Ethereum
📣 Ripple Co-Founder Chris Larsen Leads $10 Million Round for DeFi Protocol Yellow Network
Yellow Network, a decentralized clearing network for digital assets, has closed a $10 million seed round led by Ripple co-founder Chris Larsen. The company said it'll use the fund to help the company address key challenges in decentralized finance (DeFi) trading, including liquidity fragmentation, scalability, and counterparty risks.
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/channel/DeFi_Ethereum
🥇 DeFi Lending Giant Sky Sets Vote to Offload Wrapped Bitcoin as Justin Sun Concerns Linger
Sky, the decentralized finance lender formerly known as MakerDAO, will vote on fully ditching wrapped bitcoin (wBTC) from its ecosystem, according to a Thursday governance post, potentially a major development in DeFi since the platform has $200 million of loans collateralized by the token. WBTC is a token that allows investors to use bitcoin (BTC) on other blockchains, and plays a key role in lending DeFi as collateral, with a $9 billion market capitalization.
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/channel/DeFi_Ethereum
📣 Nansen ‘Beyond DeFi’ report highlights $3.2B market for AI services
AI and the emerging “NodeFi” market may become the most active verticals in the decentralized finance sector, according to a report by Ethereum blockchain analytics platform Nansen and lending protocol MetaStreet. The report, published on Oct. 14, makes the case that cryptocurrency markets are “evolving beyond their initial focus on ERC-20 tokens and DeFi,” and that these dominant technologies will eventually plateau.
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/channel/DeFi_Ethereum
🪙 Uniswap Reveals Plans to Launch Ethereum Layer-2 Network Unichain
Leading Ethereum decentralized exchange Uniswap announced plans Thursday to launch its own layer-2 network called Unichain, which will be built on Optimism tech. Uniswap Labs framed the move as one to cut costs, improve transaction speeds, and boost liquidity across various chains. Created by the primary developer of Uniswap, the largest decentralized exchange (DEX) on Ethereum, the new layer-2 solution will aim to create a network of interoperable networks through its use of the Optimism Superchain.
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/channel/DeFi_Ethereum
💰 Sui DeFi Platform DeepBook Reveals DEEP Token Launch Plans
Sui, a blockchain developed by former Facebook engineers and launched last year, has been gaining traction in the decentralized finance space. One of the platform's emerging projects is now preparing to launch its token. DeepBook, a project built on Sui that has created DeFi’s answer to a central limit order book, announced Wednesday it will launch its long-awaited DEEP token on October 14.
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/channel/DeFi_Ethereum
💰 Giko Cat, inSure DeFi and Sudeng coins exhibit double-digit gains as Solana struggles
Giko Cat, Sudeng and inSure DeFi emerged as the top gainers in the last 24 hours with a double-digit surge. CoinGecko data shows that while top coins like Ethereum (ETH) and Solana (SOL) are recovering with a 1-3% surge after the recent dump, some meme coins pulled off double-digit gains.
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/channel/DeFi_Ethereum
🚨 Grayscale launches Aave Trust to leverage DeFi lending boom
Grayscale has announced the launch of the Grayscale Aave Trust—a crypto investment fund focused on the DeFi lending protocol Aave, according to an Oct. 3 statement. Following the announcement, Aave’s token (AAVE) saw a 3% increase within the last hour, reaching $143, according to data from CryptoSlate. However, the token has declined by over 16% in the past week.
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/channel/DeFi_Ethereum
💰 Solana TVL hits 3-year high as top DeFi protocols surpass $1B mark
Solana’s total value locked in decentralized finance protocols has risen to levels last seen nearly three years ago. In the DeFi market, total deposits in protocols across Solana’s ecosystem have increased from lows of $657 million in October 2023 to over $10.7 billion. Per data from DeFiLlama, the Solana (SOL) blockchain network has witnessed significant spikes in DeFi TVL across its ecosystem protocols.
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/channel/DeFi_Ethereum
🥭 Mango DAO and Mango Markets agree to settle SEC charges involving unregistered sale of MNGO tokens
Mango DAO agreed to settle with the U.S. Securities and Exchange Commission after being charged for selling MNGO tokens unlawfully. The SEC's charges were against Mango DAO and a Panama entity, Blockworks Foundation, for "engaging in the unregistered offer and sale of crypto assets" of governance tokens on the Mango Markets platform. The agency also said it settled charges against Blockworks Foundation and Mango Labs LLC for acting as a broker without being registered.
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/channel/DeFi_Ethereum
📣 Hinkal Revolutionizes DeFi with Shared Privacy and Liquid Privacy Tokens
Hinkal, a leader in privacy-focused blockchain solutions, has announced the launch of Shared Privacy, a new addition to its portfolio of privacy-enhancing products. This development aims to address existing issues with privacy features in the blockchain world, particularly within decentralized finance (DeFi). Shared Privacy is designed to improve Ethereum’s privacy capabilities and eliminate the fragmentation of anonymity sets, thereby enabling large-scale private transactions.
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/channel/DeFi_Ethereum
🇺🇸 Lawmaker Introduces Defi Bill — Calls Decentralized Finance 'Essential to Future of Markets'
Congressman Warren Davidson has introduced the Evaluating Defi Opportunities Act to foster data-driven regulations for decentralized finance (defi). He stressed the importance of safeguarding innovation and user privacy while addressing concerns over potential overregulation. This proposed study by key financial regulators seeks to balance defi’s growth with oversight, ensuring the sector’s competitive edge and resilience are maintained.
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/channel/DeFi_Ethereum
📣 DeFi Protocol Cega Debuts 'Vault Token Market' to Facilitate Seamless Investing
On Tuesday, decentralized exotic-derivatives protocol Cega announced a new feature that gives users more flexibility in managing their investments and responding to changing market conditions. The Vault Token Market (VTM) will boost liquidity, utility and flexibility of users' investments, Cega said in a press release shared with CoinDesk.
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/channel/DeFi_Ethereum
🍰 PancakeSwap plans v4 update following $836B trading volume milestone
Decentralized exchange PancakeSwap has reported $836 billion in cumulative trading volume and a total value locked (TVL) of about $1.72 billion in four years of operation. PancakeSwap held about $1.72 billion in total value locked as of Sept. 20, which has decreased over the years, from an all-time high of $7.16 billion on May 4, 2021, according to DefiLlama. On March 30, PancakeSwap’s TVL was about $2.42 billion and has been dropping since.
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/channel/DeFi_Ethereum
📣 Crypto Investment Firm Deus X Capital Unveils DeFi Unit Which Will Start New Yield Generating Protocol
Deus X Capital, the $1 billion investment and operating company led by Tim Grant, today launched Solstice Labs, a decentralized finance (DeFi) business, the company said in a press release on Friday. Solstice Labs is building institutional-grade DeFi products and protocols that will be available to all investors, the company said.
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/channel/DeFi_Ethereum
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🚨 DeFi Protocol DeltaPrime Suffers $5.9 Million Loss in Private Key Exploit
Crypto cybersecurity firm Cyvers has reported a security incident affecting DeltaPrime, a decentralized finance (DeFi) protocol on the Arbitrum network. According to a tweet from Cyvers, the ongoing incident resulted in an initial estimated loss of $4.5 million—subsequently updated to $5.93 million as a “suspicious address” continued to drain funds from DeltaPrime’s liquidity pools.
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/channel/DeFi_Ethereum
🇺🇸 Trump to launch #DeFi protocol next Monday
Former President Donald Trump announced plans to launch “World Liberty Financial,” a decentralized finance (DeFi) protocol, next Monday, September 16, at 8 pm via Twitter Spaces. In his tweet, Trump declared his intention to embrace crypto and leave “slow and outdated big banks behind,” marking a significant shift from his previous skepticism towards digital currencies.
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/channel/DeFi_Ethereum