Machi Liquidated Again as Hyperliquid Losses Hit $32M
Two weeks without a forced close ended Wednesday — the high-leverage ETH long is back inside the liquidation zone at $2,153, with cumulative losses now near $32M.
Decentralized finance — DEXs, lending, yield strategies, on-chain derivatives, and tokenized real-world assets.
Two weeks without a forced close ended Wednesday — the high-leverage ETH long is back inside the liquidation zone at $2,153, with cumulative losses now near $32M.
DeFi lending protocols have lost $7.7B to exploits since 2020, yet coverage sits at 0.14% of TVL — users keep chasing yield while the sector's own insurance stack shares the same vulnerabilities as…
The contracts worked exactly as written — the problem was operational. As shared bridge infrastructure concentrates, a single LayerZero-adjacent weakness can cascade across the protocols sitting on…
The position is a 10x leveraged short on 175,082 HYPE ($7.62M notional) — funded with a freshly bridged 8.8M USDC and still being added to, signaling conviction rather than a tactical scalp.
The single-day buy is small next to the four-week total: an a16z-linked wallet has now stacked 1.71M $HYPE, a signal that the institutional bid for the token is still active rather than rotating out.
Leveraged ZEC bets are back on the tape — a single wallet's 10x long size and a $537 liquidation line give the next session a clear invalidation level for the breakout trade.
The framing flips Sonic's burn narrative: 295,454 S from VI product revenue outweighs 59,787 S of fee-related burns since March 1, and the ratio is the real story.
Four products including Kraken Bitcoin have already swapped LayerZero cross-chain rails in the wake of the Kelp DAO attack, and a $2.57B combined TVL is the real signal of how much weight is moving.
The bridging capital model turns the slow primary-market redemption window into a near-instant secondary exit, with LPs earning receipt tokens on the spread between primary and secondary pricing.
The deal gives Coinbase treasury control over the $5B USDC pool on crypto's fastest-growing perp DEX — and the right to absorb the rival USDH brand before it sunsets.
Two deep-pocketed wallets — one laddering limit orders across $30.88 to $35.88, the other filling a 62,230-HYPE block — landed within hours of each other, a coordinated bid at a time when HYPE's…
The relief is procedural, not a green light: the agency has stopped short of saying event contracts are not swaps, leaving the line itself — and any platform that crosses it — unresolved.
A dormant Ethereum pre-mine address holding 790 ETH — valued at roughly $1.78 million today — has been activated after…
An isolated lending pool aimed at institutions is the real differentiator — it routes risk away from Jupiter Lend's core liquidity so that a single large position can't drain the public book.
The launch links $18.4B in HELOCs and a $500M+ Treasury stablecoin vault onto Ethereum — turning Provenance-native credit into ERC-20 collateral for the first time at scale.
The 1.588M $HYPE accumulation is the headline, but staking 1.3M of it locks roughly 82% of the buy off the float — a quiet bid that doubles as a validator commitment.
Near-parity resets the competition for onchain volume: both chains are positioned to absorb the next rotation, and the L1 race now runs on market share rather than narrative.
The restart comes a week after a Lazarus-linked April 18 attack drained the restaking market's largest LRT — a clean recovery test for the DeFi lending stack that absorbed the impact.
The pitch is STRC — a liquid, money-market-grade credit instrument built on Bitcoin's volatility surface — and the $100B target is the substrate DeFi builds on next.
SOL joins the collateral stack as Coinbase's crypto-backed loan book crosses $2.3B in originations — a sign the venue is betting users want yield-plus-borrowing, not yield-versus-it.