Decentralized Finance

Solana has eased after reaching the $120 area, with traders watching whether a dip toward $110 to $112 can reset momentum. The Alpenglow upgrade, now active on testnet and devnet, could become a major catalyst if it successfully reaches mainnet.

DogeOS has launched a public test network for Ethereum compatible applications that use test DOGE for fees, including trading, lending and stablecoin projects. The system still depends on selected operators, protected hardware and a Security Council while a proposed Dogecoin Core upgrade remains in draft form.

A wallet linked to the Bitget hacker swapped about 2,390 ETH for 75.2 BTC through THORChain, with all bitcoin payouts routed to one address. Bitget urged the protocol to block publicly identified attacker addresses, but THORChain said its emergency controls are not designed for selective freezes.

Solana has gained 12% over the past 7 days, outperforming many large-cap crypto assets as traders assess whether the latest rally can extend. Futures open interest, positive ETF inflows and stronger app-fee activity are keeping attention on the $145 to $150 area.

RockawayX is launching Catapult, a $150 million initiative aimed at expanding tokenized private credit and other yield-generating real-world assets in DeFi. The digital-asset investment firm is targeting trade finance, asset-backed securities, real estate credit and related markets as investors search for yield less tied to crypto price swings.

XRP has rallied sharply over the past week, helped by renewed ETF demand, on-chain whale activity and momentum after a bounce from support. Technical traders are watching whether a brief pullback can reset the move before a potential advance toward $1.80.

MoonPay plans to acquire North Capital in an all-stock transaction valued at more than $60 million, pending regulatory approval. The deal would deepen MoonPay’s push beyond crypto payments into tokenized assets, DeFi connectivity and stablecoin liquidity.

Uniswap’s UNI token has rallied sharply as protocol fees, user activity and Robinhood Chain volumes strengthen. Traders are watching whether UNI can break above $9 and extend toward $10 to $12, or cool off into a lower buy zone first.

Ethereum has bounced from a key support zone after a widely expected Federal Reserve rate hike, keeping a closely watched bull flag structure alive. Technical traders are now watching the $2,550 area and a potential volume-based buy signal that could shape the next short-term move.

S&P Global has agreed to acquire OpenZeppelin, a smart contract security firm whose open source library has supported more than $37 trillion in cumulative digital asset transfers. The move extends S&P Global’s digital asset coverage from creditworthiness and reserves into the code security behind stablecoins, tokenized funds and DeFi products.

Uniswap has extended its sharp advance as rising protocol fees, stronger volumes, and Robinhood Chain adoption support bullish sentiment. Technical traders are watching the $7.5 resistance area as the key level that could open the door to a move toward $9.

Ethereum has opened the week higher as traders prepare for a pivotal stretch shaped by the Clarity Act vote and the Federal Reserve’s interest rate decision. Technical traders are watching a bull flag setup that could put $2,800 and then $3,400 in focus if momentum confirms a breakout.

Senate Republicans circulated a fresh Clarity Act draft with changes affecting decentralized finance entities, credit unions and digital asset oversight. The bill still faces a difficult procedural test requiring 60 Senate votes, with bipartisan ethics language remaining a major unresolved issue.

Bitmine Immersion Technologies bought 32,447 ETH last week, its largest weekly purchase since early July, as Ethereum prices rebounded sharply. The company’s holdings now stand near 5.85 million ETH, keeping it close to its stated goal of owning 5% of Ethereum’s supply.

Term Finance has permanently shut its Meta Vaults product after an attacker apparently used governance voting power to seize control and remove assets. The broader lending markets were not affected based on the platform’s investigation so far.

XRP remained above the key $1 level after a stable United States inflation reading reduced expectations for a September rate increase. The token still faces pressure from the Coreum bridge hack, bearish momentum signals, and a possible downside scenario if support fails.

Harmony’s ONE token fell about 26% in Asian morning trading after an apparent exploit created roughly 4 billion new tokens. The team said it is working with exchanges to freeze funds while preparing a software patch and considering rollback options.

Blockchain Association CEO Summer Mersinger is pushing back against criticism of the Clarity Act, arguing that the bill supports innovation, competition and consumer protection. The debate centers on stablecoin rewards, DeFi oversight, tokenized securities and whether crypto market structure rules should favor open competition or incumbent institutions.

Fun CEO Alex Fine says standalone crypto onramps and bridge interfaces are likely to disappear as applications embed payments into their own products. The shift would move Web3 closer to a Web2 style experience, where users focus on the app action rather than the payment plumbing underneath.

Ethereum remains central to decentralized finance, but the rapid growth of perpetual futures has shifted much trading activity toward faster venues such as Hyperliquid, Solana, Arbitrum and Base. Market participants increasingly frame Ethereum less as the main execution venue for high speed perps and more as a settlement, collateral and liquidity foundation for onchain markets.

Coinbase Canada’s new CEO Eric Richmond says the exchange wants to bring more advanced crypto products to Canadian users, including derivatives, decentralized finance services and tokenized assets. He argues that Canada needs a permanent, harmonized digital asset framework rather than relying on temporary exemptions and fragmented guidance.

The Senate’s Digital Asset Market Clarity Act is moving closer to a vote after lawmakers released an integrated draft. Key disputes remain over ethics rules, state enforcement powers, illicit finance provisions and agency representation.

Allbridge Core has halted operations after a flash loan exploit drained roughly $1.65 million from its Solana liquidity pools. The incident centered on a $1.12 million Kamino flash loan used to manipulate USDC and USDT pool ratios before funds were bridged away.

Bonzo Lend suffered an estimated $9.05 million loss after an attacker exploited a verification flaw in a third-party Supra oracle contract on Hedera. The incident triggered a sharp decline in liquidity, with Bonzo’s total value locked falling 77% and Hedera’s network TVL dropping nearly 40% in 24 hours.