DeFi
AI

Playdate Gaming Handheld Maker Bans Generative AI Tools for Development

Panic, the firm behind the Playdate handheld, now prohibits creative AI applications while preserving developer productivity aids. Read Full Story…
DeFi

North Korea’s crypto heist playbook is expanding and DeFi keeps getting hit

More than $500 million was siphoned across the Drift and Kelp exploits in just over two weeks. What once looked…
DeFi

Aave could face up to $230 million in losses after Kelp DAO bridge exploit triggers DeFi chaos

Aave published a report outlining two possible outcomes: around $123 million in losses if damage is shared across all rsETH,…
DeFi

Bitcoin bounces above $76,000 as DeFi suffers $14 billion exodus after KelpDAO hack

Crypto steadied despite rising Iran tensions, but DeFi is reeling from one of the largest exploits of the year. Read…
DeFi

Aave Models $124M to $230M in Bad Debt From Kelp Exploit

In a detailed incident report, Aave service providers quantified the protocol’s exposure for the first time and outlined two scenarios…
DeFi

Bitcoin faces near-term pressure as liquidity tightens, Hilbert Group CIO says

Russell Thompson warned of a sharp tightening in global liquidity that could weigh on risk assets and bitcoin in the…
DeFi

Six years after “DeFi Summer” is the sun already setting on the decentralized finance revolution?

KelpDAO’s $292 million rsETH exploit landed at the wrong moment for DeFi. Roughly $10 billion left the sector over the weekend, after…
DeFi

DeFi Contagion Spreads Beyond Aave as LayerZero, Lido, Ethena Suffer Sharp Declines: Santiment

AAVE, ZRO, LDO, and ENA tokens plunged 10–22% as market repriced risk across DeFi protocols exposed to a bad debt…
DeFi

Aave’s TVL Tanks $6.6 Billion as Kelp DAO Hack Sparks Bad Debt and Structural Fears

After the Kelp DAO exploit, the attacker used $292 million in stolen rsETH as collateral on Aave V3, generating roughly…
DeFi

DeFi users pull $10 billion out of the market as $292 million exploit sparks bank-run optics

A $292 million exploit at KelpDAO set off a broad retreat across decentralized finance over the weekend, draining roughly $10…