Crypto

Standard Chartered Stays Optimistic on DeFi After $292 Million Kelp Hack

Despite the recent $292 million hack of Kelp, a decentralized finance platform, Standard Chartered has reaffirmed its optimistic outlook for the DeFi sector. The bank's analysts noted that while security breaches are significant challenges, they do not undermine the long-term potential of decentralized finance. The institution believes that the underlying technology and innovation in DeFi will continue to attract investment and grow. Standard Chartered emphasizes the need for improved security measures in the industry but remains confident about the future trajectory of DeFi.

Crypto

Read next

Crypto Funding Slows in 2026, But Top Firms Maintain Dominance

Crypto Funding Slows in 2026, But Top Firms Maintain Dominance

In 2026, crypto fundraising has seen a significant slowdown, reflecting a broader trend in the market. Despite this dip, leading investment firms, such as Coinbase Ventures, are still capturing the majority of deal flow. This consolidation of capital among top investors suggests a shift in the crypto landscape, where only

Ethereum Wallet Attack Results in $800K Drain, ETH Remains Steady

Ethereum Wallet Attack Results in $800K Drain, ETH Remains Steady

Recent reports indicate that attackers managed to siphon off approximately $800,000 from inactive Ethereum wallets by gaining access to their private keys. While the breach has raised alarm within the community, the price of Ethereum remains stable despite the incident. Experts suggest that the attack highlights the vulnerabilities associated

Tether Reports $8.23B Reserve Buffer Amid Profit Growth but Faces Scrutiny

Tether Reports $8.23B Reserve Buffer Amid Profit Growth but Faces Scrutiny

Tether announced a substantial reserve buffer of $8.23 billion alongside over $1 billion in profits for the first quarter. This impressive financial cushion highlights the scale of the stablecoin's operations. However, experts continue to express concerns regarding the asset mix that underpins these reserves. The attestation model