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Persistent security vulnerabilities and stagnant total value locked (TVL) are weighing on decentralized finance’s (DeFi) institutional appeal, according to Wall Street investment bank JPMorgan (JPM).TVL refers to the total value of crypto assets deposited in DeFi protocols, and is commonly used as a gauge of the size, usage and overall health of the ecosystem.The KelpDAO exploit, which the bank said erased about $20 billion in TVL within days, exposed structural risks. An attacker breached a cross-chain bridge, minted $292 million in unbacked rsETH and used it as collateral to drain lending protocols, leaving roughly $200 million in bad debt. Contagion…
A man accused of carrying out a cryptocurrency scam that siphoned more than $20 million from victims has just been sentenced to 23 years of jail time. The US Justice Department says that from 2018 to 2023, Robert Dunlap promoted and sold a digital token called “Meta-1 Coin” through Meta-1 Coin Trust. The Houston, Texas resident made false and misleading claims that the asset was backed by $44 billion in gold purportedly audited and certified by an accounting firm and $1 billion in art collection that allegedly included the works of Pablo Picasso, Salvador Dali and Vincent Van Gogh. Dunlap…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure A region long marked by poverty and sparse industry is getting an unusual shot at foreign money — through crypto mining. Karakalpakstan Opens Its Doors Uzbekistan has designated the autonomous Republic of Karakalpakstan as the home of a new state-sanctioned mining zone called Besqala Mining Valley. A presidential decree signed April 17 and effective April 20 sets out the rules: registered companies can mine digital assets, tap into a mix of energy sources, and sell what they mine on both domestic exchanges and foreign platforms. The catch…
Most crypto trading bots charge you before you can even see what they do. NeuroTrader flips that — its free tier includes paper trading, market state visibility, and read-only access to the system’s AI signal layer. No credit card. No trial countdown. No surprise paywall after seven days. That matters because the gap between “free demo” and “useful free tier” is where most platforms lose cautious traders. A sandbox with fake balances and no real intelligence behind it teaches you almost nothing about how a system actually performs. NeuroTrader’s free tier runs the same six-engine AI consensus layer that powers…
CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index.The CoinDesk 20 is currently trading at 2117.36, down 1.9% (-40.48) since 4 p.m. ET on Wednesday. All 20 assets are trading lower.Leaders: XLM (-0.6%) and CRO (-0.9%).Laggards: UNI (-3.9%) and ETH (-2.9%).The CoinDesk 20 is a broad-based index traded on multiple platforms in several regions globally. Cryptocurrency Market Dynamics:#Uniswap #UNI #drops #leading #index
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure The crypto industry’s most important US market structure bill is entering a narrowing window in Washington, with Galaxy Digital putting the odds of the CLARITY Act becoming law this year at roughly 50-50. The firm’s central argument is not that one issue alone threatens the bill, but that too many unresolved questions still need to be settled in sequence, on a calendar that is quickly tightening. In a research note published April 22, Galaxy said the Digital Asset Market Clarity Act of 2025 is now in “endgame…
Aave shed $16.2 billion in deposits within days after the KelpDAO rsETH exploit triggered mass capital outflows across the protocol. USDC utilization on Aave V3 Ethereum hit 99.87%, leaving under $3 million available as borrowing rates climbed close to 15%. While retail investors exited, on-chain data showed whale accumulation growing at the $90–$100 AAVE price range amid peak fear sentiment. Aave has lost $16.2 billion in total deposits following the KelpDAO rsETH vulnerability fallout. The decentralized lending protocol watched its supplied funds collapse from $45.8 billion to $29.6 billion in a matter of days. The drain wiped out more than…
A four-star U.S. Navy admiral has told Congress the military is running a live node on the Bitcoin network and testing it for national security purposes.Admiral Samuel Paparo, commander of U.S.-Indo-Pacific Command (INDOPACOM), made the disclosure at a House Armed Services Committee hearing on Wednesday, a day after telling the Senate Armed Services Committee that Bitcoin has “incredible potential” as a tool for American “power projection.” He also said it has great potential as tool for national security.The House comments were the first public confirmation by a sitting US combatant commander that the military is directly participating in the Bitcoin…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Bitcoin transaction fees have been crashing for a while now, especially with the market beginning another bear trend. This has continued to be the case as participation falls to levels not seen in years, and the fees have followed the same trajectory. Recently, the crash has gotten so bad that the Bitcoin transaction fees are now sitting at levels that have not been reached in over a decade. Bitcoin Transaction Fees Just Crashed Below $0.3 Analyst Crypto Tice pointed out an interesting development for the Bitcoin network,…
Solana forms a double bottom on weekly charts while Ethereum battles a critical resistance zone. Here’s what analysts are watching now. Solana is showing signs of a potential recovery pattern, but resistance looms large. Meanwhile, Ethereum faces its own defining moment at a historically significant price zone. Analysts are watching both assets. Two separate market reads paint a mixed but cautious picture for crypto traders heading into the next monthly close. Related reading: Solana Fundamentals Strengthen Sharply Even as SOL Trades Far Below Peak Solana’s Double Bottom Formation Puts $90 in Focus Top market analyst Rekt Capital flagged a developing…