DeFi
Schwab brings crypto to 38M users; North Korea 'simply' to blame for recent DeFi hacks
On this debut episode of CoinDesk's new show The Policy Protocol, co-hosts Renato Mariotti and Rebecca Rettig break down Schwab's rollout of crypto to nearly 40 million brokerage accounts and the Kelp DAO hack tied to North Korea. Ari Redbord, Global Head of Policy at TRM Labs, joins to make the case for going on offense against DPRK hackers and cracking down on non-compliant offshore exchanges.
Aave rallies DeFi partners to contain fallout from $292 million KelpDAO hack
Industry players are coordinating a recovery effort as the year's biggest crypto theft rattled Aave, with Lido and EtherFi being firsts to offer aid.
The market repriced DeFi in just 48 hours
Di Bartolomeo argues that last weekend the market achieved – in real time – a notable feat that no regulator, auditor or commentator has ever done.
JPMorgan says persistent security flaws curb DeFi’s institutional appeal
A $20 billion hit from the KelpDAO exploit highlights systemic risks, while flat ETH-denominated growth and a shift to stablecoins point to ongoing fragility in DeFi.
BIS warns cryptocurrency exchanges are becoming ‘shadow banks,’ and why that's a risk
The Bank for International Settlements (BIS) released a report warning stablecoin yields and other DeFi “earn” products are bank-like services without the safeguards or insurance.
Crypto Long & Short: Protecting the people building DeFi infrastructure
In this week’s Crypto Long & Short Newsletter, Jennifer Rosenthal writes on the need to protect the people actually building DeFi infrastructure. Then, Alexis Sirkia comments on how Ethereum's L2 strategy is failing due to a fundamental design flaw.
Flight to safety: How Maker’s Spark and USDC are winning the $10 billion Aave breakup
Funds leaving Aave are splitting across safer lending, simpler ETH exposure and off-chain yield, with stablecoins acting as a temporary refuge.
Traders don’t see Kelp socializing losses after $292 million exploit
Polymarket prices low odds of a system-wide redistribution, as the protocol weighs how to handle an undercollateralized rsETH supply
Another DeFi protocol loses millions in hack days after KelpDAO breach
Volo Protocol lost about $3.5 million from three vaults holding WBTC, XAUm, and USDC.
Aave’s core markets hit 100% utilization at once, and that's not a good thing
CertiK says the lending protocol is in serious trouble while CEO Stani Kulechov tells CoinDesk he does “not have anything useful to say.”
