Category: DeFi & DApps

Cetus seeks Sui community approval to unlock $162M frozen funds to reimburse users affected by a $223M exploit, with a secured loan covering $61M bridged to Ethereum.

Bitstamp launches staking services for UK customers, offering up to 3.1% APY on Ethereum and 1% on Cardano, following regulatory changes allowing crypto staking outside collective investment rules.

Mantle maintained its leading position in Q1 2025 despite market cap and usage declines. Key initiatives like mETH Protocol and EigenDA integration drove ecosystem growth and decentralization.

Bitget launches BGUSD, a yield-bearing stable asset backed by tokenized real-world assets like US Treasuries, offering up to 5% APY and redeemable for USDC, enhancing crypto ecosystem stability.

The article highlights four top DeFi governance tokens, focusing on Frankencoin Pool Shares (FPS), which offer profit potential and governance power in decentralized finance systems.

Cetus Protocol, a DEX on Sui and Aptos, lost $223M due to an overflow flaw. Despite prior warnings, the vulnerability was unaddressed. Validators froze $163M, sparking decentralization debates.

Alpaca Finance, a BNB Chain DeFi pioneer, is shutting down after 4 years due to financial strain and market shifts. Its ALPACA token dropped 30% following the announcement.

Sui Network pledges $10M for security upgrades after a $223M exploit on Cetus Protocol. Funds will go to audits, bounties, and tools to prevent future breaches and restore confidence.

YZi Labs’ investment in Avalon Labs caused a 30% surge in AVL token price. Avalon has minted $613M in BTC-backed USDa stablecoins and aims to provide institutional-grade Bitcoin DeFi services.