KelpDAO exploit pushes $3B into Chainlink CCIP
The exploit is a KelpDAO incident, but the structural story is the $3B rotating to Chainlink's CCIP as DeFi projects dump LayerZero for cross-chain messaging.
Market-moving crypto headlines from the last 24 hours.
The exploit is a KelpDAO incident, but the structural story is the $3B rotating to Chainlink's CCIP as DeFi projects dump LayerZero for cross-chain messaging.
A one-day $1T loss in US market cap is the kind of move usually reserved for a Fed surprise or a 2020-style shock. The fact that it printed on a quiet tape is the signal.
The growth lands as TradFi heavyweights from BlackRock to Franklin Templeton push deeper into tokenized treasuries and money-market funds, and the exchange is now positioning itself as the default…
The call lands as Strategy's dividend obligations climb and its cash buffer has thinned, raising the cost of every additional BTC added at the top of the cycle.
The federal derivatives regulator argues Kentucky's sports-betting challenge to event-contract venues intrudes on the exclusive congressional scheme that governs national swaps markets.
The subsidy is the bet: Solana is paying high-volume traders to populate order flow before on-chain markets can prove the activity survives without the incentive.
A scheduled markup is the next real test for the market-structure bill; the crypto industry has spent two years pushing for it, and a House vote before recess is now on the table.
The world's largest social platform owner is greenlighting an in-house prediction product, a direct signal that forecasting is being recategorised as core consumer infrastructure, not a DeFi sideshow.
Quarter-end rebalancing and a record-sized Deribit expiry collided with another leg of spot BTC ETF redemptions, leaving the market pinned below a key technical level with no clear bid in sight.
If Meta ships a points-based version first and a real-money follow-up later, it would drag a still-niche category into the feed of every Instagram and Facebook user on earth.
The macro print sets the impulse, the quarterly Deribit expiry decides whether it gets pinned or amplified, and roughly 80% of open interest is already out of the money after June's slide.
The regulator and the rails aren't ready, but Wall Street is shipping tokenized funds anyway, and BNY's ETF chief is flagging a quieter problem: hundreds of lookalike ETFs already trade in…
Project Pangea cuts FX settlement from T+2 to near-instant by letting European and Korean banks stay on Swift while swapping euro- and won-pegged stablecoins atomically on a neutral L1 ledger.
The one-day prints are ugly, but the seven-day tally tells the worse story: spot BTC ETFs have now shed 5,722 BTC in a week, the largest sustained outflow since launch.
The integration puts USDT directly inside the rails of Brazil's instant-payment default, turning the country's 170 million PIX users into a stablecoin on-ramp without the user ever touching a crypto…
The 60-vote cloture threshold is the binding constraint: 53 GOP seats plus only 2 Democratic votes in committee means the bill needs 6-7 Democrats it does not yet have, and the August recess clock is…
The single largest opening-session drawdown since the 2020 Covid shock, and the speed of the move is forcing cross-asset de-risking before US macro data lands later this week.
A 40% spending cut this year is the number, but the real signal is Vitalik framing the EF as a 5%-spend endowment by 2030 while nine senior figures have walked out since January.
The bank now sees two Fed hikes in 2026, reversing its earlier easing call, and flags $6B in six-week spot ETF outflows as the structural pressure point for the next leg.
Ripple's RLUSD becomes one of the first major US dollar stablecoins cleared for EU distribution under MiCA, just as the bloc forces Tether's $175B USDT off licensed venues and hands share to USDC and…