Chainlink emerges as the unlikely $3B winner of KelpDAO exploit as DeFi projects dump LayerZero
More than $3 billion in DeFi value is moving toward Chainlink’s CCIP after the KelpDAO exploit exposed weaknesses in bridge verification.
A fresh Monday market snapshot is ready.
Chainlink is quietly capturing over $3 billion in DeFi flows as protocols flee compromised bridges, while Morgan Stanley’s MSBT shines in its debut month against a six‑week Bitcoin ETF inflow streak, and the $16.5 billion damage from recent exploits is finally forcing DeFi to confront the controls it once rejected. Get the latest crypto news highlights below.
The global crypto market cap is $2.7 trillion, with a 24-hour volume of $109.25 billion. The price of Bitcoin is $81,027.92, and BTC market dominance is 60.1%. The price of Ethereum is $2,322.13, and ETH market dominance is 10.4%. The best-performing sector is DeFAI, which gained 6%. The Crypto Fear & Greed Index is currently Neutral (48).
📰 Top News
Chainlink emerges as the unlikely $3B winner of KelpDAO exploit as DeFi projects dump LayerZero
More than $3 billion in DeFi value is moving toward Chainlink’s CCIP after the KelpDAO exploit exposed weaknesses in bridge verification.
Morgan Stanley’s MSBT ends first trading month with 0 outflows amid Bitcoin ETFs 6-week inflow streak
US spot Bitcoin ETFs have drawn $3 billion since early April, providing a strong macroeconomic tailwind for MSBT’s zero-outflow first month.
After the $16.5 billion in exploits, DeFi is now being forced toward the controls it once resisted
Aave’s rsETH bad debt shows DeFi’s next security crisis rests in broken assumptions across bridges, governance, collateral listings, and risk controls.
Buy Borrow Die Guide Series: Why collateral reuse is the hidden risk in crypto lending
Rehypothecation is a core risk in crypto lending. Learn how collateral reuse works, why it has amplified past failures, and how to evaluate safer platforms. Brought to you by CoinRabbit.