Tue, May 13, 2025
[ Tue, May 13th ]: USA Today
Business and diplomacy
Mon, May 12, 2025
Sun, May 11, 2025
[ Sun, May 11th ]: Yahoo Finance
Inside the Yahoo
Sat, May 10, 2025
Fri, May 9, 2025
Thu, May 8, 2025
Wed, May 7, 2025
Tue, May 6, 2025

Bitcoin hits $103K but DeFi is a mixed bag: Finance Redefined


  Copy link into your clipboard //business-finance.news-articles.net/content/202 .. k-but-defi-is-a-mixed-bag-finance-redefined.html
  Print publication without navigation Published in Business and Finance on by CoinTelegraph
          🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source


  Despite the crypto market booming, April crypto hacks surged to $357 million across 18 incidents, with a $330 million Bitcoin theft leading the month's exploits.

The total value locked (TVL) in Bitcoin decentralized finance (DeFi) protocols dropped by 11.5% in April, reaching $590 million, influenced by a series of hacks and the growing interest in AI-powered decentralized applications (dApps). The month saw significant security breaches, including a $1.8 million hack on the Bitcoin-based DeFi protocol MerlinSwap and a $2.5 million exploit on the cross-chain bridge Multichain. Despite these setbacks, the sector saw the launch of new AI-driven dApps like ChainML, which raised $1.5 million in a seed round, and the introduction of AI-powered lending protocols such as Bitlayer, which offers Bitcoin-backed loans. Additionally, the Bitcoin lending market experienced growth, with platforms like Sovryn and Aave reporting increased loan volumes, indicating a robust demand for Bitcoin-backed financial services amidst the challenges.

Read the Full CoinTelegraph Article at:
[ https://cointelegraph.com/news/bitcoin-defi-tvl-drop-april-hacks-ai-dapps-btc-loans ]

Publication Contributing Sources