DeFi News — Page 3

Developments in decentralized finance, its applications and risks.

Matcha Meta breach traced to SwapNet exploit drains up to $16.8M on Base

Matcha Meta users were urged to revoke approvals after a SwapNet contract exploit drained up to $16.8 million on Base, with security firms tracing the attack to a smart-contract flaw that allowed approved funds to be transferred, highlighting ongoing DeFi risks that are increasingly being exposed with the help of AI tools.

Binance Signals Move Into Tokenized Stock Derivatives With New API Update

Here’s a short X-friendly version: Binance’s new API hints at upcoming stock-based perpetual futures, signaling a fresh push into tokenized equities. The move comes as demand for tokenized stocks grows across CeFi and DeFi, even as regulators increase scrutiny. With Nasdaq and the SEC also embracing tokenization, the race for digitized capital markets is accelerating.

Circle Wins Abu Dhabi License as UAE Accelerates Stablecoin and Crypto Regulation

Quick Take: Circle has received approval to operate as a Money Services Provider in Abu Dhabi, aligning with the UAE’s broader push to expand its crypto and DeFi regulatory framework. The move positions USDC for wider adoption across the region as the UAE continues to establish itself as a leading global hub for digital assets.

DeFi Researchers Uncover $284M in Exposure Tied to Stream Finance Collapse

DeFi researchers uncovered $284M in debt exposure linked to Stream Finance, with major protocols like Elixir and TelosC heavily impacted. The discovery follows Stream’s $93M loss and halted operations, raising fresh concerns about transparency and systemic risk in interconnected DeFi lending markets.