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DeFi📈
Fluid rebranded as the “Liquidity Layer for All Finance,” opening institutional curation markets with Bitwise as the first curator ($500M drawn in two months), and announcing a Solana DEX in final audit, fixed-rate borrowing, DEX v2, and Liquidity-as-a-Service — all built on a track record of zero user funds lost across two years live.
Re Protocol joined Fluid’s rebranded ecosystem with boosted incentives — 20x Re points for reUSD/USDT LPs and 5x for reUSD collateral positions on Fluid.
Derive teased V3 targeting September — adding options vaults for passive yield, faster architecture, and programmable infrastructure to its existing options platform.
Covenant launched the first tranched DEX LP position on Monad, in partnership with Balancer and Neverland — splitting LP positions into a yield (senior) coin and a leverage (junior) coin, allowing up to 5x leveraged LP exposure.
Aave Labs is proposing a consumer-focused app that removes wallet setup and gas complexity, making DeFi accessible to mainstream users — currently in draft pending community feedback.
Hylo launched xBTC, a 3x leveraged BTC token on Solana designed to be held like a regular token — no margin accounts or active position management required, with liquidation resistance built in. 0% minting fee this week.
1inch co-founder is launching a new project called Second Tier (tier.xyz), with no activities live yet but early attention given the team background.
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Wind Downs⌛️:
Dango is shutting down, citing cash constraints, legal delays, and adverse market conditions since its April launch. Trading halts July 29 with all positions closed at oracle price, and the Dango L1 blockchain goes offline August 13 — all funds will be returned as USDC.
Odos, a DeFi aggregator, is shutting down — app goes read-only July 27 and all services end July 30. Users with social/email-created wallets should export their keys or transfer assets before then. The ODOS token and DAO remain independent of the company.
Movement Labs filed for bankruptcy after a market maker dumped 66M MOVE tokens, collapsing the project. The remaining team split off as Move Industries.
Hinkal Protocol begins returning funds to recovery-process participants across Ethereum, Base, Arbitrum, Optimism, and Polygon. All returns are expected to be completed by Wednesday, July 22, with full fund reimbursement.
Storj Labs filed for Chapter 11 bankruptcy to restructure legacy debt while keeping services running. The company raised ~$35M, including a $30M 2017 token sale. Customer operations remain uninterrupted during restructuring.
Issues⚠️
AFX bridge on Arbitrum drained of $24.1M via valid validator signatures, not a smart contract bug. The attacker exploited the original validator set deployed May 12, 2026, pointing to compromised off-chain signing infrastructure.
VerusCoin’s Ethereum bridge suffered a $7.5M exploit through forged proof submission, bypassing bridge verification in the submitImports() function.
Allbridge halted operations after a $1.65 million flash loan exploit on Solana’s USDC/USDT pool, with attackers bridging stolen assets to Ethereum and leaving LPs urgently needing to withdraw funds.
Flash.Trade detected an unauthorized $98K withdrawal and paused trading as a precaution. All user funds are safe and the team will cover the loss.
TripleAHQ’s wallets were drained of over $9.7M in crypto across multiple chains, marking a significant security breach in the DeFi ecosystem.
Balance Coin, an algorithmic stablecoin backed by bitcoin collateral, crashed 99% to $0.0014 after an attacker manipulated its oracle to submit a fake low BTC price
Zilliqa disclosed a critical Ledger app vulnerability present since 2019 — a nonce generation bug allows private key recovery from on-chain signatures.
Any account with ~5 or more native Zilliqa transactions signed via Ledger should be considered compromised. Native transactions are suspended pending a remediation plan. EVM wallets are unaffected.
Stablecoins/RWA🪙
Hylo launched eHYUSD, a delta-neutral yield-bearing stablecoin that earns from every Hylo Leveraged Token — rebranded from sHYUSD with a $15M initial cap and a 30-day Genesis Boost Event offering up to 25% XP boost for holders.
Privacy🔓
Zama launched Confidential RFQ in private beta — an onchain swap venue where your trade size, direction, and asset stay encrypted, protecting you from MEV and frontrunning. Public launch is September; waitlist is open.
Perps DEX📉📈
Ondo Perpetuals drops 5M Ondo Points weekly with multiple earning paths: referral fees (10%), $175K USDC trader rewards, and $25K allocated to $GOOGL/$TSLA trading.
Arcus launches perps trading on Robinhood Chain with 50% taker fee discounts during beta.
Cascade resolves security incident after affected parties cooperated to return drained CLS funds. Retrieved assets are now secured in multisig address 0x8074583b0f9cfa345405320119d4b6937c152304.
News🗞️
The CLARITY Act is headed for a full Senate floor vote, establishing a federal framework that splits digital asset oversight between the CFTC (commodities) and SEC (securities) with consumer protections and AML rules.
SEC Commissioner Peirce warned that DeFi vaults and onchain lending strategies may fall under securities laws depending on how they’re managed, urging curators and protocol operators to engage with the SEC before enforcement.
White House agrees to ethics provisions in the CLARITY Act market structure bill, removing a key legislative obstacle and triggering a Bitcoin surge above $66,000 on optimism around pro-crypto regulatory clarity.
Telegram founder Pavel Durov confirms native Gram wallet rollout this summer with non-custodial self-custody for 1 billion+ users.
BitMEX is shutting down on September 23, 2026, ending an 11-year operation. Users are urged to close positions and withdraw funds — all assets remain safe during the transition.
BitMart is shutting down — new registrations and deposits suspended July 26, all trading ends August 26, and the platform fully closes January 31, 2027. Users are urged to withdraw funds as soon as possible.
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