DeFi | ForkLog

ForkLog 71 13.06.2025

Hoskinson Proposes $100 Million ADA Swap for Bitcoin and Stablecoins

Charles Hoskinson, the founder of Cardano, has proposed allocating $100 million in ADA tokens from the project’s reserves to purchase Bitcoin and stablecoins to boost the DeFi segment within the network. “We could take $100 million in ADA from the treasury, convert it into a mix of stablecoins used in Cardano, namely USDM and USDA, […]

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ForkLog 22 13.06.2025

SEC Withdraws Gensler’s DeFi Regulation Initiatives

The U.S. Securities and Exchange Commission (SEC) has officially withdrawn rules proposed by former agency head Gary Gensler concerning the DeFi sector and crypto asset custody. This was reported by The Block.

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ForkLog 35 10.06.2025

SEC Endorses Self-Custody of Assets as a Fundamental Right

The head of the U.S. Securities and Exchange Commission (SEC), Paul Atkins, announced a new approach by the agency towards non-custodial cryptocurrency storage, describing this right as a “fundamental American value.” The statement was made on June 6th at the final roundtable of the cryptocurrency task force titled “DeFi and the American Spirit.” It marks […]

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ForkLog 67 09.06.2025

ALEX Lab to Compensate Losses Following $8.3 Million Hack

The DeFi protocol ALEX Lab, built on the Bitcoin Layer 2 solution Stacks, will fully compensate users for losses incurred from a hacking attack amounting to $8.3 million. On June 6, 2025, ALEX Protocol was exploited via a flaw in the self-listing verification logic (an on-chain limitation on Stacks). As a result, the attacker drained […]

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ForkLog 72 02.06.2025

Decentralized Exchanges Capture 25.3% of Trading Volume Against Centralized Counterparts

In May, trading volume on decentralized exchanges (DEX) reached $410.2 billion, accounting for more than a quarter of the equivalent figure for CEX. According to The Block, this 25.3% share marks a historic high. The previous record for the DEX/CEX volume ratio was 20.1%, achieved in January. Data: The Block. In May, PancakeSwap led decentralized […]

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ForkLog 59 30.05.2025

Euler User Loses $500,000 Due to Temporary deUSD Spike on Avalanche

A trader on the DeFi platform Euler lost over $500,000 following a three-minute spike in deUSD on the Avalanche network to $1.028. The abrupt change was triggered by a $210,000 MEV bot transaction in the deUSD/USDT pool on the Curve platform in Ethereum. $500K gone in 180 seconds. Chainlink just proved oracles are one of […]

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ForkLog 63 30.05.2025

Base Rivals Solana with Nearly 1000 Transactions Per Second

Supported by Coinbase, the Layer 2 network Base reached a peak of 959 TPS against a theoretical limit of 1429 TPS. By comparison, Solana averages 931.2 TPS, with a peak of 2909 TPS, according to Chainspect. Data: Chainspect. At the time of writing, Base records 142.1 TPS. The spikes in network activity are driven by […]

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ForkLog 71 28.05.2025

Hacker Extracts $12 Million from Cork Protocol

A hacker exploited a vulnerability in the smart contracts of the DeFi protocol Cork Protocol, stealing $12 million in cryptocurrency, according to Cyvers Alerts specialists. ?ALERT?Our system has identified a $12M smart contract exploit, with @CorkProtocol potentially the victims. A malicious contract was deployed on May 28, 2025 at 11:23:19 UTC by an address funded […]

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ForkLog 38 27.05.2025

Bitlayer Partners with Major Mining Pools to Advance BTCFi

Bitlayer, a project developing a Layer 2 solution for Bitcoin, has partnered with leading mining pools Antpool, F2Pool, and SpiderPool to advance the BTCFi segment.

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ForkLog 87 27.05.2025

Alpaca Finance to Cease Operations by 2025

Alpaca Finance, once a leading protocol within the BNB Chain ecosystem, has announced it will completely cease operations by December 2025. After extensive internal deliberation and a thorough evaluation of possible paths forward, we have made the incredibly difficult decision to begin sunsetting Alpaca Finance and all of its products. This choice wasn’t made lightly, […]

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ForkLog 7 26.05.2025

Synthetix and Derive Call Off $27 Million Merger

The DeFi platform for synthetic assets, Synthetix, and the decentralized options protocol, Derive (formerly Lyra), have abandoned their $27 million merger deal. The SIP-415 and DIP proposals to merge Synthetix and Derive have been mutually withdrawn following thoughtful discussion and community feedback. This moment reaffirms our independent path and the community’s belief in it. Derive […]

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ForkLog 39 23.05.2025

Jupiter Team Launches Jupiter Lend Lending Protocol

The developers of the Solana-based DEX aggregator, Jupiter, have unveiled a lending platform named Jupiter Lend, according to The Block. This initiative is part of a partnership with colleagues from Fluid within the Ethereum ecosystem. The team has begun forming a waiting list. The “lending protocol” Jupiter Lend will enable “one-click” deposits, while the “vault […]

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