‘defi is Dead’: Crypto Community Scrambles after This Year’s Biggest Hack Exposes Contagion Risks
Source: CoinDesk
Source: CoinDesk
Source: Yahoo Finance
Source: Yahoo Finance
Source: Yahoo Finance
The contagion from the Kelp exploit could have been contained, but at the cost of capital efficiency, according to the founder of Curve Finance.
Stablecoins can help businesses turn costs into revenue, Paxos Labs cofounder says Firms using stablecoins can reshape margins by cutting costs, unlock credit and earn yield, but not every company needs to issue a token, Paxos Labs' Chunda McCain said.
Source: CoinDesk
Aave records $6 billion TVL drop as Kelp hack exposes structural risk at DeFi lender The AAVE token fell 16% and deposits fled the protocol after attackers used drained rsETH as collateral to borrow wrapped ether, leaving Aave to quantify how much bad debt it is now carrying.
Source: CoinDesk
RaveDAO's RAVE token collapses 90% in a day as exchange probes widen The token traded at $1.15 on Sunday, down from a $27.33 peak on Friday, wiping out more than $5 billion in market cap while Binance and Bitget investigations advance.