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Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Ripple CTO Emeritus David Schwartz, said his review of DeFi bridge designs for Ripple’s RLUSD surfaced a recurring problem that may now be at the center of the KelpDAO/rsETH incident: critical security controls exist, but teams are often nudged toward lighter configurations because they are easier to operate and faster to scale. In a series of posts on X, Schwartz said he evaluated “a lot of DeFi bridging systems” for potential RLUSD use and focused “almost exclusively” on security and risk. What stood out, he wrote, was…

Stellar’s $XLM is approaching $0.179 resistance for a fourth consecutive retest. A clean breakout could ignite a 20% rally toward $0.22, per chart analysis. Stellar’s $XLM is back at a level that has stopped every rally since February. The $0.179 resistance has held firm through three separate rejections. Now price is knocking again. The same pattern has played out each time. A push toward $0.179, a rejection, then a slide back to the $0.147 support. The channel has stayed intact for months, and traders watching the XLM daily chart know the drill. The Level That Keeps Saying No According to…

Wells Fargo is bullish on four S&P 500 sectors following a stock market correction that was triggered by risk sentiment and geopolitics. In a new investment strategy note, Wells Fargo says it is in “favor” of stocks in the information technology (IT), industrials and utilities sectors. Wells Fargo says it is also recommending financials, a sector that comprises nearly a third of the portfolio of the investing conglomerate associated with Warren Buffett, Berkshire Hathaway. Currently, Berkshire Hathaway owns Bank of America, American Express, Visa, Mastercard and Ally Financial, which, combined, constitute approximately 30% of the investing conglomerate’s public stock portfolio.…

Ethereum derivatives net taker volume hit +$102M, flipping buy-side dominant for the first time since the 2022 bear market. Here’s what the data shows. The numbers on Ethereum’s derivatives market just changed. And not by a little. Net taker volume on ETH derivatives exchanges has crossed into positive territory, landing at +$102 million. According to Darkfost_Coc on X, buy-side volumes have taken control since March. That shift stands out against a cycle defined almost entirely by sellers. Sellers Ran This Cycle. Until Now. Throughout this entire market cycle, ETH derivatives carried unusually heavy sell-side weight. Net taker volume stayed negative…

LayerZero has placed responsibility for the $290 million Kelp DAO exploit on Kelp’s own security configuration, saying the liquid restaking protocol ran a single-verifier setup that LayerZero had previously warned against.The attack used a novel vector targeting the infrastructure layer rather than any protocol code. Attackers, whom LayerZero attributed with preliminary confidence to North Korea’s Lazarus Group and its TraderTraitor subunit, compromised two of the remote procedure call (RPC) nodes that LayerZero’s verifier relied on to confirm cross-chain transactions. RPC nodes are the servers that let software read and write data on a blockchain, and LayerZero’s verifier used a mix…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure With the Bitcoin price clearing $78,000 last week, it has triggered bullish sentiment in the crypto market once again. This move has also led to forecasts that the Bitcoin price is headed back for the 6-figure mark. However, not everyone is following this school of thought and believes that the rally will continue. Crypto analyst Behdark has debunked the bullish predictions, forecasting that the cryptocurrency’s price is actually headed lower before recovering. How Low Will The Bitcoin Price Go? Despite the increase in price, the crypto analyst…

Ethena maintains reserve strength, extends bridge halt as rsETH risks remain without clarity Concerns around cross-chain vulnerabilities have prompted Ethena to take precautionary action following the rsETH exploit. Despite confirming no direct impact, the protocol halted its LayerZero OFT bridge to limit potential exposure. An updated proof of reserves was released early, confirming that USDe remains fully backed by collateral exceeding supply.  Ethena Signals Caution Across DeFi with Extended Bridge Suspension In an X post, Ethena stated it remains unaffected by the rsETH exploit tied to an instance of Aave v3 on Ethereum mainnet. Despite that, the protocol paused its…

Bitcoin is absorbing the return of Middle East risk better than oil or equities.Bitcoin traded at $74,335 on Monday morning, down 1.6% over 24 hours but still up 4.8% on the week after the U.S. Navy seized an Iranian ship over the weekend and Tehran reimposed controls on the Strait of Hormuz.Ether slipped 2.6% to $2,272, Solana fell 1.5% to $84, and BNB held flat at $618, with the broader top-10 showing red across the board but none of the moves breaching 3%.Brent crude jumped 5.7% to $95.50 a barrel, European natural gas futures surged as much as 11%, S&P…

Bittensor TAO fell 38% after Covenant AI’s exit, yet Grayscale made its largest single-asset reallocation ever. Here’s what that tells you about what’s coming. Covenant AI didn’t just leave Bittensor quietly. The team behind Subnet 3 sold roughly $10 million worth of TAO and alpha tokens before publicly accusing co-founder Const of running what they called “decentralized theatre.” The accusations spread fast. TAO crashed roughly 27% in hours, wiping close to $900 million from its market cap. Spot outflows ran above $70 million for multiple days straight. That’s the part everyone saw. What followed got far less attention. Community miners…

The decentralized finance (DeFi) ecosystem is experiencing a sharp capital outflow following the weekend exploit of the KelpDAO protocol.Leading DeFi lending platform Aave has lost $8.45 billion in deposits over the past 48 hours, driving a broader $13.21 billion decline in total value locked (TVL) across DeFi. TVL refers to the combined dollar value of crypto assets deposited across DeFi protocols, such as Aave, and is widely used as to measure liquidity and overall market activity.Total value locked across DeFi fell from $99.497 billion to $86.286 billion, while Aave’s TVL declined by $8.45 billion to $17.947 billion over the same…