Category: DeFi & DApps

Plasma Attracts $500 Million for ICO—And One Trader Spent $100K on Ethereum Gas Fees – Decrypt

Plasma’s ICO attracted $500M in deposits, with one trader spending $100K on Ethereum gas fees for a $10M USDC deposit. The Bitcoin-backed stablecoin network’s token sale shows renewed ICO interest.

Trump-Musk Feud: Markets Bet $4M Volume

Crypto prediction markets are tracking the Trump-Musk feud, with over $600K wagered on outcomes like impeachment, reconciliation, and Musk unfollowing Trump on X.

Stablecoins Shatter $250B Barrier in Historic Crypto Milestone – Crypto News Bitcoin News

The stablecoin market has surpassed $250 billion, marking a historic milestone in cryptocurrency. Over $2.5 billion was added in just one week, highlighting rapid growth in fiat-pegged digital tokens.

Restaking Bitcoin: Unlocking Productive Capital Without Compromise (Interview With SatLayer’s CEO)

The article discusses Bitcoin restaking, an emerging DeFi concept that unlocks Bitcoin’s economic potential without compromising its base-layer integrity, featuring insights from SatLayer’s CEO Luke Xie.

Sui DEX Cetus Restarts from $220 Million Exploit, Hits Top Ten DEX in Hours – Coinspeaker

Sui DEX Cetus relaunches after a $220 million exploit, using reserves, loans, and recovered funds to restore liquidity. It compensates users with 15% of CETUS tokens and returns to top-ten DEX status.

Sui DEX restarts, plots open-source move after massive exploit

Cetus Protocol, a Sui DEX, relaunches after a $220M exploit, plans open-source transition, and implements compensation. Funds were partially recovered, and legal action against the attacker continues.

Cetus Protocol Relaunches After $220M Hack, Restores Liquidity – Crypto News Bitcoin News

Cetus Protocol has resumed operations two weeks after a $220M hack, restoring liquidity and LP functions on its Sui and Aptos-based DEX platform.

Bitcoin DeFi Project ALEX Protocol Targeted In $8.3M Exploit

Bitcoin DeFi platform ALEX Protocol lost $8.3M due to a self-listing verification flaw. The team pledged compensation via USDC from its treasury. This follows a 2024 exploit by Lazarus hackers.

Sui Hits New DEX Volume High: Cetus, Bluefin Fuel Growth

Sui’s DEX volume reached $304.3M daily in Q1, driven by Cetus and Bluefin. Despite SUI’s price drop, NFT activity grew. Institutional interest rose, but a $223M exploit on Cetus impacted Q2.

Stacks [STX] down 31% after Alex Protocol exploit – Details

Stacks [STX] price dropped 31% after Alex Protocol’s $8.3M exploit. The team plans full USDC reimbursement to affected users, aiming to restore confidence in the Stacks ecosystem.