NEW: JPMorgan says persistent security flaws curb DeFi’s institutional appeal.@willcanny99 reports. ...

USDe Supply Drops to November 2024 Levels Following $1.6B OutflowAccording to the DefiLlama data, USDe has seen approximately $1.6 billion in net outflows over the past five days, with its supply dropping to November 2024 levels. The total USDe supply now stands at approximately $4.278 billion. Analysts suggest that the recent Kelp DAO incident may have triggered a broader withdrawal wave across the DeFi sector, leading to the exit of some whale capital. ...

The Morning Minute (4.23)Powered by @yeet⏰Top News:-Crypto majors rally then reverse as oil concerns mount; BTC -1% at $77,300-The US Government discloses that it’s operating a Bitcoin node-Justin Sun sues WLFI to unfreeze his tokens-Andre Cronje’s Flying Tulip introduces a “circuit breaker” for DeFi-MegaETH gets 10th app launch with Xeet, TGE expected in May🌎 Macro Crypto and Markets-Crypto majors are red as oil concerns rise; BTC -1% at $77.4k; ETH -3% at $2,320; SOL -3% at $85; HYPE even at $40.80-Stable ...

📣SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24 https://bankless.cc/spotify-premium ------ A $280M DeFi exploit exposed the hidden fragility of crypto’s most trusted systems. Dan Elitzer and Odysseus break down how the attack happened, why bridge risk and protocol composability made the damage so severe, what Arbitrum’s intervention means for immutability, and why DeFi now needs an aerospace-grade security mindset to survive the AI era. ------ 🔮POLYMARKET | #1 PREDICTION MARKET https://bankless.cc/polymarke ...

Got chills down my spine thinking if wBTC got hit with DVN attack.That would've touched every DeFi protocol as well as multiple CEXs who store wBTC.WBTC (@WrappedBTC):We are implementing upgrades to our cross-chain DVN configurations following the recent rsETH incident.These updates are precautionary and reflect our ongoing approach to maintaining robust security standards across integrations.Completion is expected by 26 April, with https://t.co/TfmPQbF2Nv ...

RT Crypto.com Research & Insights (@cryptocom_rni)DeFi+L1L2 Update:🚨 Kelp DAO suffered an exploit resulting in a $293M loss🔍 ~45% of LayerZero-related OApps set a single-verifier config which led to Kelp’s exploit💲 Drift Protocol secured $148M from Tether and partners for its recovery planFull details 👇https://t.co/kPARc5eBFN ...

morpho absorbed $8b from aave during the kelp exploit because fixed-rate PT positions don't bank run. variable USDC spiked to 13.4%, fixed-rate PT holders collected yield like nothing happened. pendle now has 98.5% market share in yield tokenization, 60% of PENDLE supply locked at ATH avg duration of 1.65 years, emissions cut 30%, and 80% of protocol revenue routed into buybacks. $87.8b cumulative volume. PT-reUSD looping on morpho at 32% max APY. the entire DeFi yield stack is being rebuilt around fixed-ra ...

ANDRE CRONJE'S FLYING TULIP TARGETS DEFI EXPLOITS WITH CIRCUIT BREAKERAndre Cronje’s (@AndreCronjeTech) Flying Tulip (@flyingtulip_) has introduced a circuit breaker mechanism for DeFi lending.The system rate limits fund outflows during abnormal withdrawal activity. It is designed to detect patterns linked to exploits or coordinated attacks.By slowing withdrawals, it prevents rapid draining of protocol liquidity.The mechanism gives teams time to respond while protecting user capital. ...

Aave's total deposits have dropped below the $30 billion mark.Following the KelpDAO rsETH vulnerability incident, the platform's total supplied funds plummeted from $45.8 billion to the current $29.6 billion.The cumulative outflow during this period reached $16.2 billion, wiping out more than one-third of the platform's total deposits.Source: https://t.co/eueIfgVy2A ...

RT Ignas | DeFi (@DefiIgnas)$MEGA TGE is coming soon. Just 1 more Mafia app needs to launch after this week.MegaETH has two fun trades going on for me:First, the TGE itself.Unlike most L2 tokens, $MEGA has real utility via Proximity Markets.HFTs, market makers, and probably MEV bots that want to sandwich retail swaps will bid MEGA for sub-1ms sequencer access.Default mini-blocks are 10ms.Not sure if it's a staking mechanism or pay-as-you-go tbh. ($OP experimenting with this model too)So MegaETH needs more t ...