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Two of the decentralized finance (DeFi) sector’s best known platforms, liquid staking protocol Lido and decentralized exchange Curve Finance, are considering slimming down. Despite a recent resurgence in DeFi markets, Lido co-founder Vasiliy Shapovalov announced a 15% cut of contributors, and a fresh Curve governance proposal suggests cutting development on Layer Two (L2) networks. As part of efforts to ensure long-term sustainability, Lido Labs, Lido Ecosystem, and Lido Alliance have made the hard decision to reduce the size of their contributor teams, impacting around 15% of the workforce. This decision was about costs — not performance. It affects… — Vasiliy Shapovalov (@_vshapovalov) August 1, 2025 Read more: DeFi is paying big to accumulate USDC A drop in the ocean  Lido is the second largest DeFi protocol by total value locked (TVL) at $32 billion according to DeFiLlama, the sector’s leading data dashboard. While it’s active on other chains, ...

While the frequency of once-common nine-figure hacks has waned in recent months, the decentralized finance (DeFi) sector remains a dangerous place. An $85 million scare and a $9.5 million hack have directly preceded the Ethereum Foundation’s show of confidence in DeFi, as it deposits $120 million of ether (ETH) into key protocols Aave, (Maker spin-off) Spark, and Compound Finance. However, just yesterday, users of DeFi protocol Liquity V2 were advised to withdraw their funds, after the team discovered a “potential issue” in the project’s Stability Pools. Liquity, the issuer of LUSD and BOLD stablecoins, is an immutable protocol and therefore unable to pause or upgrade the affected pools. In the event of a critical vulnerability, it would be up to users to be aware of the issue and withdraw any funds. The Liquity team was informed of a potential issue affecting Liquity V2 Stability Pools (“Earn”), and is currently investigating a potential impact. The team is currentl...

What’s buzzing in the crypto world right now? On the Base Chain, three standout tokens, Mochi, Normie, and Coin, are making waves, capturing attention with their unique value propositions and surging market activity. What problems do these tokens solve, and how are they changing the game for investors and blockchain enthusiasts alike? Let’s take a closer look at why these tokens are stealing the spotlight. Most Trending Cryptocurrencies on Base Chain Now Mochi blends meme culture with decentralised finance (DeFi), offering staking rewards, NFT perks, and a thriving community. Designed for everyday users, Normie emphasises community, education, and a lighthearted approach to crypto while maintaining strong fundamentals. Coin’s fully distributed supply of 97.50 billion tokens and its affordability make it an attractive pick for investors seeking high-growth opportunities. Which one of these most trending cryptocurrencies on Base Chain catches your eye? Could one of th...

TRON (TRX) blockchain founder Justin Sun is now an advisor to World Liberty Financial (WLFI), the decentralized finance (DeFi) crypto project backed by US President-elect Donald Trump. In a post on social media platform X, WLFI says Sun’s qualifications will enable him to make significant contributions to the development of the platform. “Justin is the founder of TRONDAO, an advisor to HTX_Global, and a supporter of BitTorrent. A graduate of the University of Pennsylvania, he recently won Sotheby’s auction for the iconic banana artwork. TRON is among the world’s top 10 cryptocurrencies and one of the largest public blockchains.  Justin’s insights and experience will be instrumental as we continue to innovate and grow. Welcome to the team, Justin!” World Liberty Financial announced Sun’s new role after TRON’s decentralized autonomous organization, TRON DAO, invested $30 million in the DeFi project to become its largest investor. The project, which claims to...

Macro guru and Real Vision CEO Raoul Pal is saying that Solana (SOL) is likely to outperform Ethereum (ETH) this cycle but that one altcoin could potentially do even better. According to Pal, one top-20 altcoin by market cap and a relatively new entrant in the layer-1 sector is likely to outperform not just Solana and Ethereum but also Bitcoin (BTC). “My view is that ETH begins to outpace BTC for the rest of the cycle but underperforms SOL and SOL underperforms SUI as SUI is in the ultimate performance stage of adoption – early > proven.” Sui (SUI) is trading at $2.32 at time of writing, up by around 17% over the past week. Bitcoin, Ethereum and Solana are trading at $76,304, $2,949 and $205, respectively – up by 9%, 16% and 21%, respectively, over the past week. Pal says that Ethereum’s outperformance relative to Bitcoin will be driven partly by the fact that the crypto cycle has entered the risk-taking phase. The macro guru further says th...

The Rise of Decentralized Derivatives Markets! The world of finance is undergoing a seismic shift, driven by the emergence of decentralized finance (DeFi). One of the most promising areas within DeFi is the development of decentralized derivatives markets. These markets offer a new paradigm for trading financial instruments, promising greater efficiency, transparency, and accessibility. Understanding Decentralized Derivatives Derivatives are financial contracts that derive their value from an underlying asset, such as a stock, commodity, or cryptocurrency. Traditional derivatives markets are centralized, meaning they are controlled by intermediaries like banks and exchanges. Decentralized derivatives markets, on the other hand, operate on blockchain technology, eliminating the need for intermediaries. Key Benefits of Decentralized Derivatives Increased Efficiency Decentralized derivatives markets can streamline the trading process by automating many tasks and reducing settlement times...

Yesterday, two hacks on decentralized finance (DeFi) protocols netted a total of over $5 million, with a further $5 million siphoned off from compromised wallets on Wednesday. While the founders of two OG protocols, Aave and Maker (now Sky), bro’d down over Starcraft while basking in a “DeFi renaissance moment,” some of the sector’s less well-established projects were going down in history for the wrong reasons. Repeat DeFi hack or a new bug? First up was Onyx Protocol whose $3.8 million loss was first thought to be a repeat of the well-known bug that drained $2.1 million from the project toward the back end of last year. Hi @OnyxDAO, you may want to take a look pic.twitter.com/fcU6fHP4jr — PeckShield Inc. (@peckshield) September 26, 2024 Read more: Compound DAO asleep at the wheel as $25M governance ‘attack’ passes Onyx is a fork of Compound Finance, which contains an infamous vulnerability in which freshly-launched, empty lending markets are briefly left ope...

An under-the-radar altcoin is skyrocketing after being added to Coinbase’s listing roadmap. In a new thread on the social media platform X, top US-based crypto exchange platform Coinbase is announcing the addition of decentralized finance (DeFi) protocol Moonwell (WELL) to its suite of products. News of the addition sent WELL flying as it went from a seven-day low of $0.0124 on September 5th to a peak of $0.0173 just a day later, a gain of about 40%. The crypto asset has since retraced and is trading for $0.0170 at time of writing. Coinbase’s listing roadmap was created in 2022 to increase transparency and prevent the front-running of token launches. Moonwell, which was built over Base – the blockchain of Coinbase itself – as well as smart contract parachains Moonbeam (GLMR) and Moonriver (MOVR), launched in 2022 as an open borrowing and lending platform. Moonwell is also interoperable with Ethereum (ETH) layer-2 scaling solution Optimism (OP). Earli...

The cryptocurrency market has seen a significant recovery since the collapse of the FTX exchange in 2022. According to a recent report by Canaccord, the industry has experienced growth over the past year, spurred by the increased global adoption of digital assets. Market analysts, including Joseph Vafi, noted that the crypto sector has transitioned from a post-FTX consolidation and recovery phase. Meanwhile, investors are searching for smart market positions. As such, this article curates the 5 best cheap cryptocurrencies to buy now under 1 Dollar. 5 Best Cheap Cryptocurrencies to Buy Under 1 Dollar Over the past week, the TRON-based Sun token has experienced a significant upward trend, surging by over 40%. Meanwhile, Conflux has recently established several partnerships, positively influencing market sentiment. Additionally, Bitget Wallet, a leading global Web3 wallet with over 30 million users, has responded to the growing demand for memecoins. Meanwhile, Bitcoin has drifted back ...

Earning significant ROI in a bull market could mean paying attention to the meme coins and Altcoins with explosive potential. However, identifying the next cryptocurrencies to explode might take some work as most funds are attracted to pumping assets. Today’s article explores the performance of cryptocurrencies that have dominated the gainers list in the last 24 hours. The objective is to identify the next cryptocurrencies to explode and inform investors and traders about each token. Also included in the post is an overview of the market trend of crypto assets, which have the potential to post significant gains in the future. Next Cryptocurrency To Explode  It’s that time in the market when investors and traders take a position to either edge their gains or capitalize on emerging trends. Experts believe investors have a better chance of finding the next cryptos to explode among upcoming crypto projects. With that in mind, investors should explore the potential of Me...

In a high-profile crypto phishing attack, a whale lost $55.47 million in DAI stablecoins after signing a fraudulent transaction. The incident on August 20 involved a transaction within the Maker decentralised finance (DeFi) protocol. According to on-chain data and blockchain analytics firm Lookonchain, the attack altered the ownership of the wallet’s assets, allowing the attacker to gain full control over a substantial amount of funds. A whale lost 55.47M $DAI in a phishing attack! How did it happen? The whale carelessly signed an unknown transaction 13 hours ago, setting the owner of his 55.47M $DAI in Maker to the phishing address"0x0000db5c…41e70000".https://t.co/jpIz4pD043 When he later tried to… pic.twitter.com/qOkkcbYp4q — Lookonchain (@lookonchain) August 21, 2024 How the Attack Unfolded The victim, identified as a significant crypto holder, mistakenly authorised a transaction from an unverified source. This action led to a shift in o...