DeFi
22 stories related to this topic, newest first.
CoinDeskNUVA Launches Marketplace for Tokenized Real-World Assets
NUVA launched this week as a chain-agnostic platform for tokenized financial assets. It began operations with nearly $19 billion in tokenized home equity lines of credit and Treasuries from Figure Technologies. The platform aims to connect issuers and investors seeking yield-bear…
CoinDeskDeFi Exchange Ostium Adds Equity Perpetual Contracts Using Nasdaq Data
Ostium announced Tuesday that it became the first onchain trading venue to offer equity perpetuals on individual U.S. stocks using Nasdaq data. The platform, built on Arbitrum, already offered equity perpetuals before the announcement and now uses official Nasdaq data feeds.
CoinDeskStandard Chartered Projects $4 Trillion in Tokenized Assets by 2028
Standard Chartered analysts estimate that tokenized assets on public blockchains could reach $4 trillion by the end of 2028. The projection includes stablecoins and tokenized real-world assets such as bonds and funds.
CoinDeskBitcoin Sidechain Project Aims to Add Programmable and Private Features
VerifiedX is developing a Bitcoin sidechain to enable programmable transactions and optional privacy tools while keeping assets native to the original blockchain. The project targets institutional users seeking DeFi options without relying on custodians or synthetic wrappers.
dailyhodl.comStreamflow Token Surges 50 Percent in 24 Hours on Solana
The native token of Streamflow Finance rose 50 percent over a 24-hour period this week. The protocol, which has operated on Solana since 2021, offers staking with a current 30-day average APY of 45.12 percent. Streamflow has expanded from token vesting tools into a platform suppo…
CoinDeskKraken to Replace LayerZero With Chainlink for Cross-Chain Asset Transfers
Kraken announced it will use Chainlink's Cross-Chain Interoperability Protocol as the exclusive bridge for its wrapped assets including kBTC. The change affects more than $3 billion in total value locked following a $292 million exploit on a LayerZero-powered bridge last month. C…
Animoca-Backed NUVA Links $19 Billion in Tokenized Assets to Ethereum
NUVA, a new Ethereum-based marketplace developed by Animoca Brands and Nuva Labs, is connecting approximately $19 billion of tokenized real-world assets from Figure Technologies to decentralized finance applications. The platform launches with a Treasury-linked yield vault and a…
ambcrypto.com21Shares Launches First U.S. ETFs Tracking Hyperliquid's HYPE Token
Crypto ETF issuer 21Shares introduced the 21Shares Hyperliquid ETF (THYP) and the 21Shares 2x Long HYPE ETF (TXXH) on NASDAQ. The funds, which began trading in late April and early May 2026, provide spot and leveraged exposure to the HYPE token tied to the decentralized trading p…
cointelegraph.comGalaxy and Sharplink Launch $125 Million Onchain Yield Fund Backed by Ethereum Treasury
The New York-based crypto firm Galaxy and Miami-based Sharplink will launch the Galaxy Sharplink Onchain Yield Fund in the coming weeks with $125 million in commitments. Sharplink is contributing $100 million from its fully staked $2.1 billion Ethereum treasury while Galaxy adds…
dailyhodl.comRonin to Shut Down for 10 Hours on May 12 for Hard Fork to Ethereum Layer 2
The gaming-focused blockchain will pause all transactions for about 10 hours as it transitions from an independent sidechain to an Ethereum L2 using the OP Stack. The move, announced in April 2026, sharply reduces RON token inflation and redirects 90 million tokens to the treasur…
medium.comLayerZero Acknowledges Security Configuration Error in $292M Kelp DAO Exploit Tied to North Korean Attackers
LayerZero published a blog on May 9, 2026 reversing its position on the April hack tied to North Korean attackers. The company acknowledged allowing its own decentralized verifier network to secure high-value assets in a risky 1-of-1 configuration. Major clients including Kelp an…
cointelegraph.comJudge Permits Arbitrum DAO to Vote on Transferring $71M in ETH Linked to North Korea-Backed Hack
Manhattan federal Judge Margaret Garnett modified a restraining notice late on May 8, 2026, clearing the way for an onchain governance vote to move frozen ether to an Aave-controlled wallet. The order shields participants from liability while preserving claims by terrorism judgme…
CoinDeskAltcoins Gain While Bitcoin and Ether Pull Back From Recent Highs
Bitcoin fell 0.7% to $80,953.28 on May 7, 2026, after hitting a three-month high of $82,800 the previous day. Ether declined 1% to $2,325 while ALGO and TON rose 8-9%. CoinDesk's DeFi and MemeCoin indices gained 2.5% as CoinMarketCap's altcoin season index climbed to 45/100.
CoinDeskBitcoin Lenders Say Institutions Seek TradFi-Style Crypto Credit
Executives from Three crypto lending firms said at Consensus 2026 in Miami that institutional borrowers now prioritize custody, transparency and standardized contracts over complex DeFi products. The shift follows the 2022 collapses of several major crypto lenders.
CoinDeskArbitrum DAO Served Restraining Notice Over Frozen ETH from Kelp DAO Exploit
Families with judgments against North Korea are attempting to claim 30,765 ETH frozen after the rsETH exploit, citing links to DPRK hacking groups. A lawyer served Arbitrum DAO with a restraining notice under New York law to block release of the funds. The move ties to federal ac…
Substrate placeholder — needs reviewDeFi United Releases Plan to Restore rsETH Backing After Kelp DAO Exploit Created 116,500 Unbacked Tokens
DeFi United, a coalition of blockchain projects and crypto individuals, has proposed a detailed plan to re-collateralize rsETH following a hack on Kelp DAO that generated 116,500 unbacked tokens. The plan involves injecting fresh ETH and unwinding bad loans on platforms like Aave…
medianama.comDeFi Platforms Commit Over $300 Million to Recovery Fund After Kelp DAO Exploit
Aave is leading a coordinated effort to recover from the Kelp DAO exploit on April 18, 2026, with commitments totaling about $303 million from entities including Consensys, Lido and EtherFi. The initiative aims to support affected users and restore market stability. Much of the f…
riotimesonline.com14 Ecosystem Participants Join DeFi United with 69,642 ETH Valued at $161 Million
A group of 14 ecosystem participants and individual contributors have joined DeFi United. The disclosed total commitment stands at 69,642 ETH. This amount is valued at $161 million, according to data from @lookonchain.
cointelegraph.com$190 Million Crypto Exploit Hits KelpDAO and Aave; DeFi Groups Initiate Recovery Plan
An attacker exploited a vulnerability in KelpDAO’s integration with LayerZero to mint unbacked rsETH tokens and borrow $190 million from Aave. Industry players, including Lido Finance and EtherFi, are coordinating a bailout to restore token backing and prevent bad debt. The incid…
cointelegraph.com$292 Million Kelp DAO Exploit Leads to $10 Billion Aave Outflows and 40% TVL Decline
More than $10 billion has left Aave following the $292 million exploit of Kelp DAO, which broke the cross-chain backing of rsETH. Aave's total value locked fell about 40%, with some funds moving to Maker-linked Spark and stablecoins. Bitcoin climbed to $78,100 amid separate devel…
CoinDeskDeFi Protocol Loses $3.5 Million in Security Breach on Sui Blockchain
A decentralized finance protocol on the Sui blockchain suffered a security breach, resulting in the loss of approximately $3.5 million from three vaults. The protocol froze all vaults and coordinated with the Sui Foundation to contain the damage. The incident follows a recent exp…
Substrate placeholder — needs reviewWrapped XRP Launches on Solana Through Hex Trust and LayerZero
Wrapped XRP has gone live on the Solana blockchain, enabling XRP holders to participate in Solana's DeFi applications without selling their assets. The launch, facilitated by custodian Hex Trust and cross-chain protocol LayerZero, is part of a multi-chain rollout announced in Dec…