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The Defiant curates, digests, and analyzes all the major developments in decentralized finance, so that readers can stay informed and up-to-date about the most cutting-edge and fastest-changing corner of crypto and finance. It was founded in June 2019 by Camila Russo, a former Bloomberg News reporter and author of the book, The Infinite Machine.
21Shares Launches Synthetic Anthropic ETP on Vienna MTF
According to The Defiant, crypto asset manager 21Shares has listed its synthetic exchange-traded product (ETP) for Anthropic (ticker: CLAU) on the Vienna Multilateral Trading Facility (Vienna MTF), with trading beginning on October 13. The product is designed to allow investors to gain exposure to the market-implied valuation of AI company Anthropic without requiring direct ownership of the stock.
Crypto card issuer Kulipa suddenly collapses, Ready, Solflare and multiple other crypto card projects forced to halt
According to The Defiant, Paris-based startup Kulipa suddenly ceased operations due to solvency issues, causing the simultaneous disruption of card projects for approximately 20 crypto wallets and fintech companies it served. Self-custody wallet Ready (formerly Argent) and Solana wallet Solflare were both affected, with user card services immediately disabled. Since both wallets utilize a self-custody architecture, funds are deducted from user wallets only at the time of spending, so user assets remained unaffected. Notably, Kulipa completed a $6.2 million seed funding round co-led by Flourish Ventures and 1kx in April this year, only about 4 months prior to its collapse.
KB Securities, Securitize, and Optimism Sign Memorandum of Understanding on Exploring Tokenization in South Korea
According to The Defiant, KB Securities, securities tokenization platform Securitize, and Optimism have signed an exploratory memorandum of understanding to advance asset tokenization in South Korea. On social media platform X, Optimism stated that its first product will be tokenized bonds; however, a blog post published on the same day mentioned two tokenized funds. South Korea's first-phase regulatory framework for this is expected to launch in February 2027.
Arbitrum Activates ArbOS 61 Elara Upgrade, Introducing Optional Compliance Filtering and Priority Fee Support for Dedicated Chains
According to The Defiant, Arbitrum officially activated the ArbOS 61 Elara upgrade on August 20, which was approved for deployment via an ArbitrumDAO governance vote. The core features of this upgrade include: introducing an optional protocol-level transaction filtering mechanism for Dedicated Chains, allowing chain owners to independently select external compliance service providers such as TRM Labs and Chainalysis to configure restricted address rules; the filter is disabled by default and does not affect existing Arbitrum One users; adding Priority Fee support, also disabled by default, with its activation on Arbitrum One still requiring a separate DAO constitutional vote; introducing the BaseFeeManager contract, which authorizes Offchain Labs to adjust the L2 minimum Gas fee within a DAO-approved range of 0.01 to 0.10 gwei over a two-year authorization period; additionally, the maximum code size limit for Stylus contracts has been increased from 24 KB to 96 KB, though this does not apply to Solidity contracts.
Ethereum NFT marketplace Foundation permanently shuts down due to failed sales transactions
According to The Defiant, the NFT marketplace Foundation has permanently shut down following the failed sale to digital art display company BlackDove. Its platform infrastructure has been taken offline, and there are currently no plans to relaunch it. Foundation’s founder, Kayvon Tehranian, stated that the company had originally hoped to extend its operations through the sale, but the deal fell through—and the team concluded there was no need to continue seeking a buyer. Foundation previously facilitated approximately $230 million in primary sales. The report notes that BlackDove, after conducting comprehensive due diligence following operational handover, decided instead to build its own proprietary marketplace. Foundation also announced it will continue providing a fixed one-year service for media and metadata hosted on IPFS; users must manually cancel their listings and withdraw their NFT assets.
Synthetix Recovers 8.4 Million SNX from Binance Hack
According to The Defiant, Synthetix's protocol DAO has recovered 8.4 million SNX tokens stolen in the Binance hack. These tokens are currently securely stored in its Safe and will be returned upon Binance's request.
Myriad cancels 10 prediction markets after being hacked; affected users will receive automatic refunds.
According to The Defiant, prediction market platform Myriad Markets confirmed that its internal admin wallet, used to automatically create and settle certain markets, was compromised. On October 26, the attacker manipulated the results of 10 prediction markets using the wallet and claimed rewards, involving topics such as the OpenAI and Anthropic IPOs, whether Base will issue tokens in 2026, and the U.S. midterm elections. Myriad subsequently revoked the wallet's administrative privileges and declared the related markets void.
Blockaid: Out of 60 crypto attacks, total funds involved were approximately $1.18 billion, with victims recovering only $9.8 million.
According to The Defiant, data from Blockaid shows that between January and August 2026, the 60 cryptocurrency attack incidents it tracked involved approximately $1.18 billion, with victims recovering a total of about $9.8 million, accounting for less than 1%. The report indicates that all frozen or returned funds were secured through on-chain governance or validator actions, while blacklist mechanisms by stablecoin issuers recovered zero funds across these 60 incidents.
Cosmos Hub Resumes Block Production, Neutron Attacker Wallet Transfers 1.23 Million ATOM
According to The Defiant, Cosmos Hub resumed operations after ceasing block production for 24 hours and 48 minutes. The Neutron attacker purchased voting power for 20,199 USDC and completed staking just 12 minutes before an expedited proposal expired; the relevant wallet subsequently transferred 1.23 million ATOM.
Core Lightning recommends unupgraded nodes run offline; a fix version has not yet been released.
According to The Defiant, the Core Lightning (CLN) maintainers for the Bitcoin Lightning Network have notified node operators that if they are unable to upgrade to the upcoming patched version, they should run their nodes offline using the --offline parameter. The team stated it will release binaries containing fixes for multiple disclosed vulnerabilities, but specific vulnerability details will remain confidential for two more weeks; as of press time, the relevant binaries and security advisory have not been published. CLN had previously noted that it received several AI-generated CVE reports over the past ten days, and the team is working with open-source contributors to verify, classify, and patch them. The latest public release is v26.06.6, issued on July 22, and the v26.09 release, originally slated for late September, continues to proceed as planned.
Boltz Founding Team Exits, Anonymous Bitcoin Team Takes Over Suspended Swap Service
According to The Defiant, Boltz announced that its original founders have all exited, and an anonymous team of "senior Bitcoin figures" will take over the suspended Bitcoin Swap service. The new team will provide funding and engineering support to fix vulnerabilities and push for the service to resume as soon as possible.
Blast 提现界面已到截止期限，桥接合约内仍有约 4,000 万美元
据 The Defiant 报道，Blast 提现界面的截止期限已到，但桥接合约中仍有约 4,000 万美元未提取。Blast 已发布合约层面的退出指南，用户提现仍需提交证明并等待一天。USDB 持有者还需另外领取 DAI。 Blast 此前宣布，由于网络运营成本超过收入，将逐步关闭网络。
Pendle expands one-click loop functionality to support yield-bearing assets and tokenized stocks
According to The Defiant, DeFi protocol Pendle has extended its one-click looping functionality to yield assets and tokenized stocks. Users can establish long positions on tokenized stocks via Aave borrowings on the Base chain. Additionally, fees charged by PendleLoop on non-PT (principal token) positions will be waived until December 31.
Robinhood Opens Social Trading Feature to Eligible U.S. Users, Coming Soon to Legend Desktop
Odaily reports: Robinhood has announced that its social trading network is now open to all eligible U.S. users. CEO Vlad Tenev said on October 13 that the feature is an in-app feed built around users' trades and performance, allowing users to follow other traders, view shared account activity, and initiate eligible trades directly from posts via the Quick trade function. Tenev said Robinhood Social is now live for everyone, enabling users to share charts, profit and loss, and portfolio allocations, as well as receive news and company updates.The feature began testing in March of this year. Users can choose to make their trading records public, and the platform will not automatically disclose all trades. Currently, the service is only available to eligible U.S. customers and does not yet support sharing futures and multi-leg options trades. Tenev said Robinhood Social will also launch on desktop trading platform Robinhood Legend in the coming weeks. (The Defiant)
Kinetiq ends its kPoints program, switching to a paid claim model for KNTQ, causing the token price to drop over 30% at one point.
According to The Defiant, Kinetiq, a liquid staking protocol within the Hyperliquid ecosystem, announced the conclusion of its kPoints program. Rather than receiving free KNTQ tokens, point holders will obtain the right to purchase the tokens at a fixed price. Kinetiq has allocated 50 million KNTQ for this program, with a purchase price of $0.26 per token and a 10-day claim window. If fully redeemed, it is expected to generate $13 million in revenue. In terms of market performance, KNTQ traded at approximately $0.422 prior to the announcement, dropping to around $0.281 shortly after, marking a maximum decline of roughly 33%. It later rebounded to near $0.325, still representing a decrease of about 23% compared to pre-announcement levels. Kinetiq stated that any unclaimed KNTQ remaining after the 10-day period will be returned to the Kinetiq Foundation for use in ecosystem and growth initiatives. Previously, the kPoints program had distributed approximately 36.8 million points in total.
KB Securities, Securitize, and Optimism Sign Memorandum of Understanding on Exploring Tokenization in South Korea
According to The Defiant, KB Securities, securities tokenization platform Securitize, and Optimism have signed an exploratory memorandum of understanding to advance asset tokenization in South Korea. On social media platform X, Optimism stated that its first product will be tokenized bonds; however, a blog post published on the same day mentioned two tokenized funds. South Korea's first-phase regulatory framework for this is expected to launch in February 2027.
Securitize High-Yield Credit Fund HINC Launches on Solana Lending Protocol Loopscale
According to The Defiant, Securitize's tokenized high-yield credit fund HINC has officially been listed as collateral on the Solana lending protocol Loopscale, enabling accredited investors to stake HINC shares to borrow USDG stablecoins without redeeming their positions. HINC primarily holds high-yield corporate bonds and tranched CLO assets, with Neuberger Berman acting as sub-advisor (managing $613 billion in AUM). With a minimum subscription threshold of $100,000, the fund is exclusively available to accredited investors. This marks the third Securitize product integrated into Loopscale, following the prior listing of Apollo's ACRED and Securitize-listed equity token SECZ as collateral. HINC's net asset value is updated daily and recorded on-chain by RedStone, which Loopscale utilizes for pricing and liquidation triggers. Currently, Loopscale's total value locked stands at $91.3 million, with an active loan volume of $55.9 million.
Related news
Synthetix Recovers 8.4 Million SNX from Binance Hack
According to The Defiant, Synthetix's protocol DAO has recovered 8.4 million SNX tokens stolen in the Binance hack. These tokens are currently securely stored in its Safe and will be returned upon Binance's request.
LlamaRisk Proposes Cutting Borrowing Caps Before Aave Resumes, Plans to Remove ~$3.7 Billion in Unused V3 Limits
According to The Defiant, risk management firm LlamaRisk has proposed lowering borrowing limits ahead of the Aave market's reopening. The proposal aims to remove approximately $3.7 billion in unused borrowing capacity on Aave V3 and about $130 million on V4. Current freeze measures remain in effect, continuing to block new loans.
SparkLend USDT utilization rate remains around 96%, with available liquidity of approximately $11.95 million.
According to The Defiant, as of October 29, the SparkLend Ethereum USDT market has approximately 11.95 million USDT available for withdrawal, with a liquidity utilization rate of around 96.29%. Current supply-side deposits stand at approximately 322 million USDT, while outstanding loans total about 310 million USDT.
Aave adjusts the Ethereum USDT borrowing interest rate curve, with interest rates rising earlier during liquidity tightening.
According to The Defiant, the floating borrowing interest rate curve for USDT on Aave's Ethereum market has been adjusted, meaning borrowing costs will rise sooner as pool liquidity tightens. Accrued interest on existing debt remains unchanged, and the new rate only affects the growth rate of the debt balance thereafter.
Myriad cancels 10 prediction markets after being hacked; affected users will receive automatic refunds.
According to The Defiant, prediction market platform Myriad Markets confirmed that its internal admin wallet, used to automatically create and settle certain markets, was compromised. On October 26, the attacker manipulated the results of 10 prediction markets using the wallet and claimed rewards, involving topics such as the OpenAI and Anthropic IPOs, whether Base will issue tokens in 2026, and the U.S. midterm elections. Myriad subsequently revoked the wallet's administrative privileges and declared the related markets void.
OCC encourages community banks to become stablecoin issuers; the application channel is not yet open.
According to The Defiant, the U.S. Office of the Comptroller of the Currency (OCC) is encouraging community banks to become stablecoin issuers. Applications are not yet open, and new issuers typically must first obtain approval to operate in the United States.