Chainlink emerges as the unlikely $3B winner of KelpDAO exploit as DeFi projects dump LayerZeroMore 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 LayerZeroMore 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 streakUS 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 resistedAave’s rsETH bad debt shows DeFi’s next security crisis rests in broken assumptions across bridges, governance, collateral listings, and risk controls.
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About CryptoSlateCryptoSlate is a comprehensive and contextualized source for crypto news, insights and data. Since 2017, CryptoSlate has been a go-to destination for the fast-moving and nascent digital assets space. Our coverage focuses on Bitcoin, Ethereum, macro, DeFi, AI, and web3. Our goal is to provide an all-encompassing overview of the crypto asset market and the technological trends shaping it. Our mission at CryptoSlate is to decode the complexity of digital assets and showcase their potential to transform society by providing accessible, reliable information and analysis. We're committed to differentiating our news coverage by telling original stories and providing alternative points of view. Questions, Comments?Get in touch with us here. Connect with UsTelegram • X • Google News • LinkedIn • Instagram
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