Category: DeFi Digest
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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.
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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.
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![Stacks [STX] down 31% after Alex Protocol exploit – Details](https://ambcrypto.com/wp-content/uploads/2025/06/ALEX-Protocol-was-exploited-1000x600.webp "Stacks [STX] down 31% after Alex Protocol exploit – Details")
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.
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DappRadar: DeFi and NFT Upticks in May Could Mark Start of Recovery
DappRadar reports a potential recovery in DeFi and NFT sectors in May 2025, with increased user activity, trading volumes, and TVL growth amid broader crypto market gains.
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Why Coinbase Brought Dogecoin and XRP to Ethereum Network Base – Decrypt
Coinbase launched wrapped tokens cbDOGE and cbXRP on its Base network to enhance DeFi compatibility, allowing users to leverage XRP and Dogecoin as collateral in decentralized finance applications.
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Bitcoin DeFi platform Alex Protocol loses $8.3M to exploit
Bitcoin DeFi platform Alex Protocol lost $8.3M due to an exploit in its self-listing verification logic, affecting multiple asset pools. The team plans full reimbursement using treasury reserves.
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Hyperliquid Perps Volume Hits Record $248B in May Amid James Wynn Frenzy
Hyperliquid achieved a record $248B in May perpetual futures volume, a 51.5% monthly increase, driven by trader interest and James Wynn’s high-leverage bets. Its market share reached 10.54% of Binance’s volume.
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How DeFi Is Powering the Future of DAOs – The Daily Hodl
The article explores how DeFi enhances DAOs by automating financial management, improving transparency, and incentivizing member participation through governance tokens and innovative tokenomics.
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Euler Unveils Stablecoin Lending Infrastructure – “The Defiant”
Euler Finance introduces Frontier, a stablecoin lending infrastructure with adaptive rates and high LTV ratios, integrating with Euler Swap to reduce DEX liquidity costs for stablecoin protocols.
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Top-10 Fiat-backed Stablecoin FDUSD Expands to Arbitrum – “The Defiant”
FDUSD, a top-10 fiat-backed stablecoin, expands to Arbitrum, marking its fifth blockchain deployment. The move aims to enhance DeFi liquidity and interoperability, backed by U.S. Treasuries and fiat reserves.
