Hypervault Goes Dark, Users Register $3.6M in Losses

Reports indicate that Hypervault, a project part of the Hyperliquid ecosystem, has disappeared overnight with over $3.6 million in user funds. Peckshield highlighted that most of these funds were bridged to Ethereum, and then 752 ETH was sent to Tornado Cash. Hypervault Rugpulls, Leaves Users Facing Losses for Over $3.6 Million Hypervault, a Hyperliquid-based decentralized … Read more

2025’s Perp DEX Wars: New Money, New Tech, No off-Switch

Perpetual futures have become crypto’s main event, and the perp DEX wars—led by Hyperliquid, Aster, GMX, DYdX, ApeX, Drift, Jupiter, EdgeX, and Sunperp—are where the action won’t quit. From Order Books to Onchain: Inside 2025’s Perp DEX Dogfight Perpetuals are derivatives without an expiry; funding payments between longs and shorts keep contract prices tethered to … Read more

From Minting to Vaults: FXRP Unlocks New Utility for XRP on Flare

The Flare mainnet has launched its first Fasset, FXRP v1.2, to enable XRP holders to use their assets in decentralized finance. The Dawn of XRP DeFi: Flare’s Fassets Go Live The Flare mainnet has officially launched its first Fasset, FXRP v1.2, marking a significant milestone for the XRP community. This integration allows XRP holders to … Read more

SEC Task Force Examines DeFi Lending Rules in Meeting With Crypto Firm

DeFi lending landed back on the SEC’s agenda as regulators met with industry players to examine token classification, smart contracts, and paths toward compliant crypto loans. SEC Crypto Task Force Discusses DeFi Lending Regulation The U.S. Securities and Exchange Commission (SEC) Crypto Task Force continues to meet with industry participants, as reflected in a memorandum … Read more

Tron’s Sunperp Debuts as Perp DEX Competition Intensifies

Tron’s latest entrant in decentralized derivatives, Sunperp, has opened for traders, adding a new venue to a field crowded by perp players like Hyperliquid, Avantis, Aster, Dydx, GMX, and Jupiter. Sunperp Opens on Tron; Traders Eye Fees, Slippage, and Funding Positioned as a perpetuals-focused decentralized exchange (DEX) on Tron, Sunperp outlines design choices aimed at … Read more

Vitalik Buterin: Low‑Risk DeFi Could Be Ethereum’s “Search” Moment

Ethereum co-founder Vitalik Buterin argued in a blog post Sept. 21, 2025, that “low‑risk” decentralized finance (DeFi) could become for Ethereum what search was for Google, providing the primary, sustainable revenue engine while preserving the platform’s broader cultural and technical goals. Buterin defines low‑risk DeFi as payment and savings primitives, fully collateralized lending, and synthetic … Read more

From Mempool Hunters to Math Proofs: Grvt’s $19M Onchain Play

Grvt just closed a $19 million Series A to fuse privacy and scale into onchain finance, pitching a zero-knowledge (ZK) exchange that makes institutional polish feel retail-friendly. Grvt’s $19M Lift Targets MEV Pain and Compliance Friction Grvt (pronounced gravity) — a decentralized exchange (DEX) and investment marketplace on the ZKsync Stack — says the round … Read more

Defillama Criticizes Misleading RWA Metrics, Calls out Figure Co-Founder Allegations

0xngmi, founder of Defillama, has called out some companies for promoting what he called fake RWA metrics, replicating database movements onto blockchains to simulate activity. The post comes as an answer to Figure, which claims that Defillama has repeatedly refused to list their volumes due to their low follower count on X. Defillama Criticizes Figure’s … Read more

Coinbase Welcomes Sensible Co-Founders in Corporate Lift-out

Sensible was an investment platform that allowed users to earn “up to 8%” yield on deposited crypto. Coinbase Makes Strategic Talent Grab, Acquires Team From Sensible The two co-founders of crypto investment platform Sensible, Jacob Frantz and Zachary Salmon, have now joined Coinbase as part of the cryptocurrency exchange’s latest “acqui-hire” announced Tuesday morning. Frantz, … Read more