Impact on DeFi:
Concerns about Ethena Labs' solvency led to a brief USDe depeg since 277MofETHand277MofETHand122M of stETH were on Bybit—far more than the $60M reserve fund.
Fortunately, Ethena’s collateral was in a separate, unaffected account.
Bybit just got hacked for over $1.4 billion, making it the biggest crypto exploit in history.
What Happened:
401K ETH and 90K stETH were stolen. Transaction details here.
Bybit will cover the loss, so users won’t be directly affected. However, if more assets had been stolen, user funds could have been at risk—"Not your keys, not your crypto."
Maybe im joining late, but definetly not too late.
Hunting for my first Yap at @KaitoAI
What could be a better time to do that as explaining the whitepaper to those that did not read it yet!
Soon to be on there 😁
Bookmark this to read it later if you can not check it rn!
⏬⏬
Introducing $KAITO & the release of our whitepaper!
Entering into the new era of attention and InfoFi, $KAITO will be your key to the distribution center of information, attention and capital.
More details 👇
@AlexMasonCrypto I am very interested. I have many years of Trading/Crypto/DeFi experience, AI experience as well and a PhD. Will be happy to work in web3 and join your team.
Check out my #AVAXUSDT analysis on @TradingView: /chart/AVAXUSDT/tzoppK4D-AVAX-Bought-at-34-Down-Move-The-Leverage-washout-is-Done/ Leveraged Longs on Perpetual market are done, the path UP is clear!
I've already invited ~2k ppl in $1k to $100,000 challenge!
And I just found the first 100x meme to call today
But think of sharing it some random followers here too
Like, rt and reply to this post if u want it
Must be following so I can DM you
GOT $600k $BERA AIRDROP!
One of the biggest airdrops in history for me...
Want to celebrate it with my follower so will giveaway 2,000 $BERA (~$26,000) to my random follower
To join: Like, rt, and reply "BERA" under this post
Must be following. Will be checking everything
Circle acquire The US Yield Coin (USYC), the world’s largest Tokenized Money Market Fund (TMMF) with $1.52B deployed into USYC as of January 15, 2025, will now play a pivotal role as collateral in digital asset markets.
Circle announced today the acquisition of Hashnote and USYC Tokenized Money Market Fund.
This strategic move, alongside a partnership with global trading firm DRW via @CumberlandSays and news that we’re bringing native USDC to the @CantonNetwork, is set to redefine the landscape of digital asset capital markets.
https://t.co/ODyGL0fNXN
The US Yield Coin (USYC), the world’s largest Tokenized Money Market Fund (TMMF) with $1.52B deployed into USYC as of January 15, 2025, will now play a pivotal role as collateral in digital asset markets.
The partnership with DRW, a major player in traditional and crypto markets via its affiliate Cumberland, is a huge unlock for supporting USDC and USYC and elevating institutional adoption and operational efficiencies in digital finance.
Planned native USDC support on the Canton Network will enable private transactions and seamless integration of USDC and USYC in traditional finance (TradFi) markets, signifying a major shift towards enhancing liquidity and accessibility in the digital economy.
With USYC as a key collateral product, institutional players can expect smoother operations and innovative financial solutions.
We're thrilled to embark on this journey with the team from Hashnote, DRW and Cumberland, and the Canton Network to reshape the future of finance!
The next wave of DeFi liquidity is here. 💧
We’re proud to introduce @elixir to the RWAfi ecosystem! Together, we’re bridging the gap between institutional assets and DeFi, enabling seamless access to RWAs like @BlackRock’s BUIDL through Elixir’s innovative infrastructure.
@0xNonceSense Well, for a very long time I was eager to be part of a web3 startup and help building the future. Maybe now is the right time! Please contact me, I would be glad to discuss with you. Already 5+ years of DeFi experience and many more in finance, community management, etc.
Transaction costs on Avalanche C-chain and P-chain networks reduced from 25nAVAX to just 1 nAVAX. It is 25X reduction in fee for all trades on the network. Huge improvement for all DeFi users https://t.co/JeBZlLsG8v