DeFi

Ether experienced a significant drop, plummeting 9% to $3,600 following a multimillion-dollar exploit on Ethereum-based Balancer, a DeFi protocol. The hack, potentially exceeding $100 million in losses, exacerbated existing market anxieties fueled by geopolitical tensions, macroeconomic concerns, and Federal Reserve policy signals. This correction, while causing a downturn in companies like Coinbase and MicroStrategy, may reduce excessive speculation and leverage, potentially creating a more sustainable foundation for future growth.

World Liberty Financial’s (WLFI) USD1 stablecoin, claimed to be the fastest-growing, is now available on Coinbase. This expands USD1’s accessibility to Coinbase’s extensive user base, aligning with WLFI’s goal of wider digital asset adoption. CEO Zach Witkoff emphasizes Coinbase’s trustworthiness as a major crypto platform. USD1 is a Genius-compliant stablecoin backed by a reserve portfolio of treasury bills, cash deposits etc. This follows ALT5 Sigma’s $1.5 billion capital raise to adopt a WLFI Treasury Strategy, highlighting institutional interest. WLFI aims to democratize DeFi access.

DeFi Development Corp. (DFDV) reported corrected holdings of 999,999 SOL and equivalents valued at $181M as of July 20, 2025. Recent acquisitions of 140,383 SOL at an average price of $133.53 were made using an Equity Line of Credit, issuing 740,000 new shares. The SOL per share increased 13% week-over-week. Generated 1,867 SOL from staking and validation. The company stakes unlocked SOL, yielding native returns, and hosts third-party delegated stakes.