DeFi

DeFi lending protocol Term Finance suffered a governance exploit, losing an estimated $8.5 million, exposing vulnerabilities in on-chain governance mechanisms.

Summary Decentralized finance protocol Maya Protocol was hit by a security exploit, with approximately $11 million worth of Bitcoin and other crypto assets stolen. This marks another major security incident in the DeFi space recently, highlighting the critical importance of smart contract security audits. Details On-chain data shows the attacker exploited a vulnerability in Maya Protocol’s smart contracts, extracting a large amount of assets over several hours. The protocol primarily provides cross-chain liquidity pool services, supporting trading and lending of Bitcoin and other crypto assets. ...

Core Summary Tokenized asset giant Ondo Finance is embroiled in an intense battle for control following the death of founder Nathan Allman. Delaware court filings reveal that Allman’s mother is seeking to take over the company and remove current CEO Ian De Bode. The inheritance dispute exposes systemic deficiencies in corporate governance and succession planning within the crypto industry. Event Details According to three Delaware court filings, Ondo Finance’s corporate governance has descended into chaos following the death of founder Nathan Allman in May. Allman’s mother is now seeking control of the company and demanding the removal of current CEO Ian De Bode. ...

Core Summary According to CoinShares’ latest report, deposits of tokenized real-world assets (RWA) grew from $2.3 billion in Q2 2025 to $7.4 billion in Q2 2026, more than tripling. However, the broader DeFi market contracted 15% during the same period, indicating capital is shifting from speculative crypto assets toward tokenized assets backed by real value. Event Details CoinShares’ quarterly report shows RWA tokenization is becoming the crypto market’s primary growth engine. Deposits of tokenized RWA into lending platforms and decentralized exchanges (DEXs) increased from $2.3 billion in Q2 2025 to $7.4 billion in Q2 2026. ...

Core Summary Aave Labs has officially launched Stable Vaults, a stablecoin yield solution aimed at mainstream users. The product allows third-party platforms including wallets, exchanges, and payment apps to integrate and provide their users with stablecoin deposit yield opportunities. Stable Vaults will continuously “optimize capital allocation” across DeFi yield strategies such as Aave V3 and V4 markets, providing predictable yield returns. Event Overview According to CoinDesk and TheBlock, the launch of Stable Vaults marks Aave’s expansion from a purely decentralized protocol toward a broader fintech ecosystem. By cooperating with third-party platforms, Aave hopes to bring DeFi yields to a wider user base beyond just crypto-native users. ...

Binance has launched a new product called “BTC Yield,” designed exclusively for users who already hold bitcoin. The product employs a covered call strategy to provide users with additional income sources. According to CoinDesk, the BTC Yield product targets existing bitcoin holders. It uses a covered call strategy, allowing users to earn additional returns while holding their bitcoin positions. This launch reflects the growing maturity of the cryptocurrency market, where users are seeking more diversified income sources beyond simple holding strategies. Covered call strategies are widely used in traditional finance, and Binance’s introduction of this approach to crypto provides bitcoin holders with new value realization methods. ...

Core Summary Ethereum’s most prominent sandwich attack bot, Jaredfromsubway.eth, fell victim to an ironic reverse exploit. Security firm Blockaid disclosed that an attacker tricked the bot into approving fake trading routes, then used those approvals to drain approximately $7.5 million in WETH, USDC, and USDT tokens. Event Details According to CoinDesk, Blockaid’s security research team discovered that an attacker designed deceptive trading route contracts that induced the Jaredfromsubway.eth bot to interact with them and grant token transfer approvals. Once authorized, the attacker swiftly transferred all WETH, USDC, and USDT tokens from the bot’s wallet. The incident is seen as a classic case of “the hunter becomes the hunted” in decentralized finance. ...

[Summary] Decentralized lending protocol Morpho has announced a $175 million funding round co-led by Paradigm, a16z crypto, and Ribbit Capital, aiming to become foundational infrastructure connecting DeFi with Wall Street and global credit markets. Funding Details The round brings together crypto-native heavyweights Paradigm and a16z crypto with Ribbit Capital, which has deep traditional finance roots. This combination signals that onchain credit protocols are now gaining validation from both traditional finance and crypto-native capital. ...

Coinbase is backing Ethena upcoming savings product, potentially bringing DeFi yield mechanisms to its 100 million user base. This partnership marks accelerating convergence between traditional crypto exchanges and DeFi protocols. Analysts note this could offer users higher yields but also introduces new risk considerations.

A TD Securities expert report reveals that decentralized trading platform Hyperliquid predicted 80% of oil price movements before traditional Wall Street exchanges opened. Perpetual futures are expanding beyond crypto into pre-IPO tech stocks and weekend oil trading. FalconX data shows institutional investors rotating from range-bound BTC and ETH into Hyperliquid, attracted by massive liquidity and early access to hot markets. The report signals that crypto derivatives are evolving from niche experiments into mainstream price discovery venues with real advantages over traditional exchanges. ...