Latest

CeFi
Bybit Said it Closed $1.5B Gap Left After Largest Crypto Exploit in History
The CEO also released an audited proof of reserves (POR) report proving that the exchange has restored its client's assets.

DeFi
PumpFun’s In-house DEX Could Spell Doom for Raydium
Raydium’s token tanked by over 25% amid fears of the DEX losing market share.

Blockchains
Sonic Brings Back DeFi Summer Vibes as Ecosystem Outperforms Other Layer 1s
The blockchain’s activity and TVL are at all-time highs, while its native token bucks the downtrend in the altcoin market.

Markets
Altcoins Plunge as Bitcoin Dips Under $95,000
In the past 24 hours, ETH, SOL and XRP are down 5%, 8%, and 4% respectively.

Podcast
How Coinbase is Bridging Bitcoin to DeFi with New OnChain Lending | Will Robinson, VP of Engineering
Will Robinson, VP of Engineering at Coinbase, explores the company’s expanding role in decentralized finance (DeFi), highlighting the launch of Bitcoin-backed USDC loans through Morpho and Coinbase’s broader efforts to integrate DeFi solutions.

Regulation & Politics
SEC Launches Cyber Unit to Combat Blockchain Fraud
The Cyber and Emerging Technologies Unit will target cyber-related misconduct, including fraud, hacks, and cybersecurity.

Blockchains
Monad Launches Testnet and Sends Test Tokens to 9 Million Wallets
The performant Layer 1 released its public testnet and armed active Ethereum wallets with ammunition for dApp experimentation.

Blockchains
Solana and Pump.fun Activity Declines as Memecoin Mania Wears Off
Memecoins have been out of favor since Argentina President Javier Milei touted the Libra rug pull.

Blockchains
Mantle Ecosystem Tokens Drop on Bybit Contagion Concerns
Mantle’s MNT token is down 17% since the hack was reported.

DeFi
Safe Wallet Pauses Operations Amid Bybit Security Breach
Bybit suffered a security breach on its ETH cold wallet, with the hacker stealing over $1.4 billion.





