DeFi

[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. ...

Gnosis Pay has suffered a security exploit, and co-founder Martin Koppelmann has promised that Gnosis will cover all user losses. Containment efforts are currently underway. This is another major security challenge for the Gnosis ecosystem, following similar attacks on cross-chain protocols like LayerZero. The Gnosis team is investigating the root cause and taking measures to prevent further losses.

Crypto exchange Kraken has expanded its Earn product suite with Bitcoin Vault. The product routes user BTC deposits into DeFi lending protocols including Aave and Morpho to generate BTC-denominated rewards.

OpenZeppelin founder says he now considers the entire DeFi sector unsafe, sparking industry debate.

OKX’s Layer-2 network X Layer has launched Exchange OS, moving core exchange functions — matching, margining, liquidation, and settlement — to the protocol layer, allowing users to create custom crypto trading markets.

[Brief] StablR Stablecoin Hit by $13.5M Exploit, Tokens Depeg StablR’s EURR and USDR stablecoins suffered a severe depeg after an attacker exploited a multisig wallet vulnerability to mint approximately $13.5 million in unbacked tokens. EURR fell to $0.85 and USDR dropped as low as $0.40. According to TheBlock, the attacker dumped roughly $10.4 million in face value on decentralized exchanges. The project team is working on an emergency fix.

Flare and D’CENT have partnered to launch XRP yield vault hardware wallet integration, enabling users to securely participate in XRP yield services through hardware wallets.

[Flash] Lombard Joins LayerZero Exodus, $4B Assets Move to Chainlink Bridge DeFi protocol Lombard has announced its participation in the ongoing LayerZero asset migration, moving approximately $4 billion in assets to Chainlink’s cross-chain bridge solution. The move reflects continued capital outflows from the LayerZero ecosystem, while Chainlink’s bridging services are gaining favor among institutional-grade projects.