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DeFi sector in $14B meltdown as $290M rsETH hack fallout burns Aave

DeFi is in crisis mode with multiple lending markets at full utilization after $290M of Kelp DAO’s rsETH was hacked from Layer Zero.

Tether challenges USDC Solana hegemony with $127.5M Drift bailout

Tether has pledged up to $127.5M to help Drift “support user recovery and relaunch the Drift platform” after a $285M hack.

Strategy’s high-yield dividend stock STRC funds record BTC purchases, sparking major social media controversy and scrutiny from Coffezilla.

Justin Sun blasted Trump-linked World Liberty Financial’s token plan after investing $75M, calling its new governance proposal “tyrannical.”

Kevin Warsh, Trump’s nominee to be chair of the Federal Reserve, has extensive financial ties to the cryptocurrency ecosystem.