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DeFi

Decentralized finance: TVL trends, yield strategies, exploits, and protocol launches.

10 stories
Trading terminals showing a perpetuals order book as a stream of ether flows through conduits into a churning mixing tankDeFi

Ostium Exploiter Sends 10,540 ETH Into Tornado Cash

PeckShield now pegs the drained Ostium vault at $24 million in USDC, with the attacker already routing 10,540 ETH into Tornado Cash.

Crypto News
A share certificate being minted into a token beside a phone with a Solana wallet app on a trading deskDeFi

Sunrise Lists a Tokenized Robinhood Share on Solana

Sunrise has listed $HOOD, a tokenized Robinhood share issued by Backpack Securities, tradable across Solana apps and wallets around the clock.

Crypto News
Gateway terminal merging tokenized shares, commodities and crypto tokens into one Solana feed, Sunrise signage aboveDeFi

How Sunrise Gives New Solana Assets One Real Mint

Wormhole Labs' Sunrise gives new and tokenized assets a single canonical mint and day-one liquidity on Solana, concentrating both the fix and the risk.

Crypto News
A US Treasury bond certificate on a conveyor entering a scanner beside a wall of trading terminals showing token gridsDeFi

JPMorgan and BlackRock Join DTCC Test to Tokenize Treasuries

Nearly 40 firms including JPMorgan and BlackRock are testing DTCC tokenization of US stocks and Treasuries, with commercial launch set for October.

Crypto News
Mayan logo signage on a glass tower as a stream of digital coins crosses a sky-bridge into the buildingDeFi

Mayan Says $6B Has Moved Into Solana Through Its Swap Route

The intent-based swap protocol reports 3 million swaps from 1 million wallets landing on Solana, with two-thirds of the volume originating on Ethereum.

Crypto News
Baroque riverside courtyard of London's Old Royal Naval College set with a wide stage and empty chairs for a launch eventDeFi

Robinhood Chain Goes Live With 24/7 Tokenized Stocks, Just Not in the US

Robinhood's own Arbitrum-based Layer 2 went live on mainnet with 24/7 stock tokens tradable across DeFi in 120-plus countries, but off-limits to US users.

Crypto News
A brass filing cabinet beside blockchain servers on a trading floor below a pyramid-topped skyscraperDeFi

New York Life's $807B Arm Tokenizes a High-Yield Bond Fund

New York Life Investment Management, which runs about $807 billion, will tokenize its U.S. high-yield corporate bond strategy on Centrifuge as ticker HYB.

Crypto News
Stacked gold bullion bars connected by a cable to a server rack inside a vaultDeFi

Tether Brings Its $23 Billion Gold Reserve to Lender Ledn

XAUT holders will be able to borrow against tokenized gold on Ledn later this year, turning bullion into bitcoin-style collateral.

Crypto News
Five reservoir tanks draining through a pipeline over a bridge into a swirling funnelDeFi

Raydium Drained for $1.34M Through a Five-Year-Old Code Flaw

An attacker minted a fake LP token and drained five deprecated Raydium pools for $1.34 million; the team says no active users were affected.

Crypto News
An open laptop and hardware wallet on a desk, connected by cable to a server rack with status lightsDeFi

Anthropic's New Claude Models Arrive as DeFi Hack Losses Top $840M

Anthropic's Mythos-class models can find and chain zero-day bugs at machine speed, but crypto's biggest losses this year came from people, not contracts.

Crypto News