
Firelight raises $8M to expand DeFi protection to Bitcoin and XLM
Firelight's funding round backs expansion of its DeFi loss-recovery network from XRP to Bitcoin and Stellar.
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Original coverage across the crypto market, updated daily.

Firelight's funding round backs expansion of its DeFi loss-recovery network from XRP to Bitcoin and Stellar.

Tectonic and Moonwell hit by price manipulation attacks, with combined losses estimated at over $84 million.

Cronos validators paused the network after a $75M exploit on Tectonic, stranding borrowed funds.

Attacker bought voting power to drain $8.5 million from Term Finance, highlighting governance risks.
DeFi lending protocol Term Labs suffers $8.5M governance exploit; PeckShield says attacker drained ETH and USDC.

Affected networks isolated, with less than 0.01% of SAND supply at risk.

Governance proposal targets low-revenue chains and retires 50 asset markets.

Governance vote targets Sonic, Scroll, zkSync, Metis, Soneium and Aptos due to minimal fees.
The decentralized trading protocol says trader collateral remains safe and will reveal a recovery plan for LPs.

Hyperliquid allows external firms to compose with its shared order book liquidity, avoiding fragmentation.

Hyperliquid lets firms leverage its order book depth via composable shared liquidity in DeFi.

RLUSD holder count rises but monthly transfer volume drops to $10.95B, down 25%.
Uniswap token holders vote on two proposals that would channel fees from v4 and Robinhood Chain to the UNI burn mechanism.

DeFi lending protocol Bonzo Lend lost over $9 million after an attacker exploited a vulnerability in a third-party Supra oracle contract on Hedera.
Hedera-based lending protocol Bonzo Lend lost $9 million after a manipulated price update was accepted by the Supra oracle verifier.

A crypto trader suffered a $2 million loss after a same-block backrun extraction exploit.
Decentralized perpetual futures platforms are outpacing centralized exchanges, with Grvt emerging as a key player.
New research reveals over half of the $60 billion tokenized real-world asset market had no weekly transfer activity.
Aave sees strongest wallet expansion since 2021 as Standard Chartered updates its crypto outlook.
The DeFi protocol aims to recover and return funds drained from 374 wallets via a software flaw.

Goldfinch's proposal to wind down its senior pool marks a shift from growth to borrower workouts and legal cleanup.
Venus Protocol launches the first tokenized stocks collateral market on BNB Chain, integrating bStocks into its Core Pool.

Matt Fisher says the next wave of institutional DeFi users could interact via familiar apps without ever seeing on-chain operations.

An exploit of a defunct Aztec Connect contract leads to $2.1 million loss, but current Aztec protocols remain secure.