Bitcoin rebounds from midterm dip as DeFi leads gains
Bitcoin recovered from a dip to around $75,600 as Democrats won Congress, while DeFi tokens led gains and Trump-linked coins fell.
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Bitcoin recovered from a dip to around $75,600 as Democrats won Congress, while DeFi tokens led gains and Trump-linked coins fell.
Bitcoin as much as 2.9% to around $81,600 as Nasdaq futures dropped, while the CoinDesk 80 lost 3.5% and DeFi index slid 6%.
Bitcoin rose 0.8% to around $82,700 as China’s GDP beat estimates and Nasdaq futures rebounded, while the CoinDesk 80 gained 1.3% and DeFi led gains.
The protocol aims to give fintechs and investors a faster way to recover losses from DeFi hacks, while letting XRP, bitcoin and XLM holders earn yield by backing that protection.
The broker plans to bring perpetual futures into Zengo wallet and expand DeFi products to its core platform as rivals like Robinhood expand onchain offerings.
The bank initiated coverage of Morpho with a $60 end-2030 price target, saying its DeFi lending and onchain infrastructure businesses are positioned to benefit from tokenization growth.
Geoff Kendrick said Aave has moved past April's cyberattack-related market disruption and is well positioned to benefit from growth in tokenized assets and DeFi.
In this week's Crypto Long & Short, Ben Nadareski writes that to win over big investors, DeFi builders must act like accountable money managers, not just software developers. Then, Stephen Stonberg says that bitcoin holders can survive crashes and protect their assets by earning income through reinsurance.
In a research post published Monday, Buterin proposed creating index-tracking assets using options contracts rather than the debt-based structures that underpin much of DeFi today.
DeFi protocols are increasingly adapting to host regulated, tokenized assets as tokenization is projected to bring trillions of dollars onchain.
For protocol founders and security researchers, the incident reinforced a broader shift underway across crypto: DeFi is no longer primarily battling coding bugs. It’s battling complexity.
DeFi and its underlying technology have already proved themselves at scale, said eToro CEO Yoni Assia.
A $20 billion hit from the KelpDAO exploit highlights systemic risks, while flat ETH-denominated growth and a shift to stablecoins point to ongoing fragility in DeFi.
In this week’s Crypto Long & Short Newsletter, Jennifer Rosenthal writes on the need to protect the people actually building DeFi infrastructure. Then, Alexis Sirkia comments on how Ethereum's L2 strategy is failing due to a fundamental design flaw.
Crypto steadied despite rising Iran tensions, but DeFi is reeling from one of the largest exploits of the year.
Bitcoin pulled back after Friday’s surge as traders considered a CME futures gap, a DeFi exploit rattled altcoins and macro pressures weighed on sentiment.
Developers and traders warn of structural risks as a cross-chain exploit spreads fear and prompts billions to flee DeFi platforms.
Novozhenov argues that despite lingering governance, security and regulatory hurdles that have shuttered several protocols, DeFi remains resilient.
Claude Mythos Preview identified thousands of zero-day vulnerabilities across every major operating system and browser, including in cryptography libraries that DeFi infrastructure depends on.
DeFi yields have collapsed below TradFi rates, forcing investors to face higher smart contract risks for lower returns as regulation and exploits mount.