Core Insights - Chainlink has partnered with DualMint to enhance the tokenization of real-world assets (RWA) through its BUILD program, providing essential infrastructure for projects that connect off-chain value to on-chain systems [1][5] - The LINK token has experienced significant growth, achieving an 82.5% increase since July 1, marking its best quarterly performance in nearly four years, with analysts projecting a potential long-term price target between $100 and $125 [2][6] Group 1 - DualMint is developing the "Boring Index Vault" to finance everyday businesses, aiming to connect them to blockchain liquidity and provide predictable rewards in USDC [3] - The integration of Chainlink services will enhance DualMint's platform security and reliability, utilizing Chainlink Data Feeds and Proof of Reserve for asset yield markets and liquidity management [4] - DualMint will allocate a percentage of its native token supply to Chainlink service providers, fostering a mutually beneficial relationship that supports the growth of both ecosystems [5] Group 2 - The partnership with DualMint is part of a broader strategy for Chainlink, following other strategic developments, including an AI partnership, which contribute to a strong foundation for its long-term vision [6]

Core Insights - MetaMask is set to integrate perpetuals trading through a partnership with Hyperliquid, enhancing its offerings for over 30 million monthly active users [1][2] - The integration will allow users to trade leveraged derivatives directly within the MetaMask wallet, providing a seamless experience similar to centralized exchanges [2] - Hyperliquid specializes in high-performance perpetual futures trading, offering gas-free transactions and fully on-chain settlements [3] Development Details - Code updates on MetaMask's GitHub indicate active development of a new "Perps" trading screen and deposit functionality for USDC [1][5] - A pull request merged in July introduced a USDC deposit flow, including features like minimum deposit requirements and real-time gas fee estimates [5] - Developers have hinted at a launch in the coming weeks, potentially coinciding with Token2049 in September [6] Hyperliquid Performance - Hyperliquid reported $383 billion in monthly trading volume and $106 million in revenue for August, marking a 23% increase from July [6] - The platform's annualized revenue exceeds $1.162 billion, with cumulative perpetual trading volume reaching $2.57 trillion [7] - Hyperliquid has captured an estimated 70% share of the DeFi perpetuals market, outperforming both decentralized and smaller centralized rivals [7]

Core Insights - Aave has surpassed $30 billion in total active borrows, marking a significant achievement for the platform [1][2] - The platform has also set new records in deposits and total value locked (TVL), reaching $73.2 billion and $41.85 billion respectively [2] Aave's Growth Trajectory - Aave's market share is increasing due to a multi-chain strategy that integrates lending services across different ecosystems [3] - The recent deployment on the Aptos network represents Aave's first entry into a non-EVM blockchain, expanding its user base [3] Competitive Landscape - Aave has re-established itself as the largest DeFi protocol by TVL after surpassing Lido [4] - The DeFi market is showing bullish signs, with other assets like Hyperliquid's native token reaching new all-time highs [4] AAVE Price Performance - The AAVE token has experienced volatility, peaking over $400 in early 2025 and correcting to below $120 in April, but has since recovered to around $302 [5][6] - The price performance aligns with the protocol's growth and record-breaking deposit volumes [6]

Core Insights - Maple Finance has achieved $3.8 billion in investor deposits, positioning itself as a leader in onchain asset management with nearly $4 billion in assets under management, surpassing BlackRock's BUIDL fund [1] - The growth of Maple is primarily driven by institutional credit demand, with large investors favoring curated lending pools that provide stable and predictable yields [2] - The overall DeFi lending market is experiencing significant growth, with total deposits reaching an all-time high of almost $135 billion as investors seek onchain yield [3] Company Developments - Maple's yield-bearing stablecoin, syrupUSD, has been a key factor in its growth, allowing investors to deposit stablecoins like USDT or USDC to earn yield through various lending and yield protocols [4] - The recent deployment of syrupUSD on the Plasma blockchain resulted in $200 million in deposits within the first 24 hours, contributing to its market value surpassing $1 billion [6] - Maple aims to reach $5 billion in assets under management by the end of the year, indicating ambitious growth plans [7] Market Trends - The demand for yield-bearing products is shifting from opportunistic strategies to a more stable, credit-driven yield base, reflecting changing investor preferences [2] - The expansion of syrupUSD has been supported by reward schemes like Arbitrum's DRIP, which incentivizes DeFi users and enhances liquidity [7] - Despite rapid growth, there are concerns regarding the sustainability of this expansion and whether credit demand can keep pace with rising deposits without compressing yields [8]

...And it wants DeFi https://t.co/gnHM3IGMsR ...

Core Insights - Nemo Protocol launched a NEOM debt token program to compensate victims of a $2.6 million exploit that affected its Sui-based DeFi platform on September 7 [1] - The hack was executed by a rogue developer who deployed unaudited code with critical vulnerabilities, leading to a significant drop in the protocol's total value locked [2][4] - The incident coincided with other major security breaches in the crypto space, highlighting a broader issue of security vulnerabilities in DeFi platforms [3] Group 1: Exploit Details - The exploit was facilitated by a rogue developer who bypassed internal review processes through single-signature deployment of unaudited code [2][4] - The total value locked in Nemo Protocol fell from $6.3 million to $1.57 million as users withdrew over $3.8 million worth of USDC and SUI tokens following the breach [2] - The attack utilized flash loan functions and unauthorized query functions that could modify contract states without permission [2][6] Group 2: Security Failures - A post-mortem investigation revealed systematic security failures dating back to January 2025, when the developer submitted unaudited features to MoveBit auditors [4] - MoveBit's final audit report was based on incomplete information, as the developer used unauthorized smart contract versions, circumventing established review protocols [5] - The developer ignored severity concerns and failed to implement necessary fixes despite available support from security partners [6] Group 3: Recovery Program - The NEOM Recovery Program consists of a three-step process that begins with asset migration, allowing users to transfer residual value from compromised pools to new secure contracts [8]

Financial Performance - Revenue grew 8% to $96.77 billion in the September quarter [2] Market Dynamics - iPhone achieved revenue records in the China market [1][2]

Core Insights - Crypto protocols raised $1.9 billion in August, reflecting a 30% decrease from July's $2.67 billion, yet venture capital funding remained stable with $600 million raised from PUMP's public sale [1][2] Group 1: DeFi and Institutional Funding - DeFi protocols led August funding with significant raises, including Portal's $50 million, M0's $40 million Series B, and aPriori's $20 million investment [2] - The third quarter has already surpassed the second quarter's total of $4.54 billion, achieving $4.57 billion in just two months [2] Group 2: AI and Cybersecurity Investments - AI protocols received notable funding, with Everlyn raising $15 million and various AI projects completing seed rounds, indicating a growing interest in decentralized computing and data solutions [3] - Cybersecurity also saw significant investment, highlighted by IVIX's $60 million Series B, marking the largest traditional venture round of the month [3] Group 3: Stablecoin and Payment Infrastructure - Stablecoin infrastructure attracted $58 million in Series B funding through Rain, while payment infrastructure saw diverse funding, including OrangeX's $20 million Series B [4] - The payment category benefits from increasing crypto adoption in commercial applications [4] Group 4: Gaming Sector Developments - Gaming protocols received attention with Overtake's $7 million round and ongoing funding across various projects, supported by the rise of blockchain-based gaming mechanics and token economies [5][6] Group 5: Public Token Sales Trends - Public token sales declined significantly, raising only $30.7 million across seven projects, with notable contributions from Lombard's $6.75 million and Almanak's nearly $11 million [7] - Layer-2 solutions secured strategic investments, with Bitlayer raising $5 million through public token sales and Hemi Labs completing a $15 million growth round [8] Group 6: Overall Market Sentiment - The third quarter's performance indicates sustained institutional interest in the crypto sector, despite monthly fluctuations in funding [9]

Core Insights - The launch of 0xMarkets by Taoshi and General TAO Ventures aims to integrate digital assets with the $7.5 trillion foreign exchange market [1][3] - The platform will facilitate trading between multiple fiat currencies and cryptocurrencies, focusing on acquiring liquidity as a key to success [2][5] Company Overview - Taoshi is leveraging the Bittensor blockchain to create a decentralized exchange that allows for currency swaps, including major fiat currencies and cryptocurrencies like Bitcoin and Ethereum [2][3] - The platform's design is inspired by Curve Finance's token model to attract and retain liquidity providers [3][6] Market Context - The foreign exchange market is the largest financial market globally, with an average daily trading volume of approximately $7.5 trillion [3] - Previous attempts to establish a blockchain-based forex market have largely failed, indicating the challenges in this sector [4] Liquidity Strategy - A stable and substantial liquidity base is essential for the success of forex trading, especially given the small daily price movements in national currencies [5] - 0xMarkets will utilize a Bittensor subnet as a liquidity-as-a-service engine, allowing liquidity providers to earn fees by depositing USDC stablecoin [5][6] Incentive Mechanism - Liquidity providers will also receive emissions of the subnet's alpha token, which will serve as a governance token, allowing holders to influence market dynamics [6][7] - The dual rewards system aims to attract sufficient liquidity to ensure the market's functionality and sustainability [7]

Core Insights - Bitget Wallet has launched a new product called Stablecoin Earn Plus, which offers a high annual percentage yield (APY) of up to 10% on USDC deposits, surpassing typical rates offered by self-custody wallets and exchanges [3][4] - The product is powered by Aave, a leading decentralized lending protocol, allowing users to earn dollar-denominated returns with instant access to their funds [3][4] Product Features - Stablecoin Earn Plus provides a minimum APY of 10% for deposits up to $10,000, with a low entry threshold of just $1 [3][4] - Users can withdraw their earnings in seconds, contrasting with traditional banking products that may take days for fund access and typically offer less than 2% APY [3][4] - The product integrates Aave's on-chain lending market with Bitget Wallet's exclusive yield subsidies, ensuring competitive returns [3][4] Market Comparison - Bitget Wallet's offering provides approximately double the returns compared to other self-custody wallets and USDC products, which generally do not exceed 6% APY [4] - Aave's lending market is noted for its higher yields compared to centralized platforms due to direct matching of borrower needs without intermediary costs [4] Security and User Protection - Bitget Wallet has established a user protection fund backed by 6,500 BTC, valued at over $700 million, enhancing user security beyond decentralized protocol assurances [4] - The integration with Aave allows for real-time yield distribution through Aave's interest-bearing tokens (aTokens), ensuring sustainable long-term growth [5] Future Plans - Bitget Wallet aims to expand Stablecoin Earn Plus to more stablecoins, protocols, and blockchains in the coming months, aligning with its vision of making cryptocurrency accessible to everyone [5] - A promotional campaign offers users an enhanced APY of 18% for the first week of participation from September 9 to September 15 [5] Company Background - Aave is recognized as the largest and most trusted decentralized finance (DeFi) platform, with nearly $70 billion in deposits and over $28 billion in active loans [6] - Bitget Wallet is a non-custodial cryptocurrency wallet with over 80 million users, providing a comprehensive suite of services including swaps, staking, and decentralized application (DApp) exploration [6]