Category: DeFi Digest
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Venus Protocol on BNB Chain loses $27 million in contract compromise incident
Venus Protocol on BNB Chain lost $27 million due to a suspected contract compromise, impacting users and highlighting DeFi security vulnerabilities.
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Binance and Plasma launch first onchain USDT yield product with 5% APY for institutions
Binance and Plasma launched the first onchain USDT yield product, offering 5% APY with $100 million in initial deposits from institutional investors.
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Fed Governor Waller affirms DeFi payment safety in 2023 regulatory assessment
Fed Governor Waller stated DeFi payments pose no risks, mentioning Bitcoin and Ethereum, with $2 trillion in total crypto market capitalization.
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Ethereum on-chain activity hits 2025 high with $97 billion locked in DeFi protocols
Ethereum on-chain activity reached a 2025 high with $97 billion locked in DeFi protocols including Uniswap and Aave.
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TAC mainnet launch drives TVL to $200 million in one month
TAC’s TVL reached $200 million within one month of mainnet launch, reflecting rapid adoption and growth in decentralized finance activity.
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Binance USDT yield farming integrates Plasma Bitcoin stablecoin network, increasing APY by 15% in 2023
Binance USDT yield farming integrates Plasma Bitcoin stablecoin network, boosting APY by 15% and involving BTC and ETH assets for decentralized finance operations.
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Base Network DeFi deposits hit $6.6 billion in Q2 2024, surpassing Tron by $800 million
Base Network holds $6.6 billion in DeFi deposits, surpassing Tron’s $5.8 billion, with Ethereum and USDC as primary assets in Q2 2024.
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DeGate wallet processes 500,000 monthly transactions using USDC and DAI on Ethereum blockchain
DeGate wallet integrates USDC and DAI stablecoins, processing 500,000 transactions monthly with Ethereum blockchain and zero-knowledge proof technology for secure transfers.
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Radiant Capital hacker converts $53 million theft into $95 million through Ethereum trades in 2024
Radiant Capital hacker stole $53 million, traded Ethereum to $95 million, involving SEC scrutiny and blockchain analytics firm Chainalysis.
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Hacker converts $53 million theft into $103 million, acquiring additional Ethereum in 2023
A hacker converted stolen $53 million into $103 million, purchasing additional ETH, impacting Ethereum and increasing illicit funds by 94 percent.
