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DeFi eliminates intermediaries by using smart contracts on blockchains to provide financial services like lending, borrowing, and trading. In 2026, the "DeFi 3.0" era is defined by Institutional DeFi and the integration of Real-World Assets (RWA). From liquidity provisioning on Uniswap to advanced lending on Aave, this tag tracks the evolution of autonomous financial systems, yield optimization, and the rise of AI-driven portfolio management in the decentralized economy.

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Created: 2026/02/02 18:52

Updated: 2026/02/02 18:52

Crypto Investment App RandomBag.fun Powered by ZetaChain Now Live

Crypto Investment App RandomBag.fun Powered by ZetaChain Now Live

PANews reported on July 11 that according to official news, the new trend-based crypto investment application RandomBag.fun is now officially launched and has cooperated with ZetaChain as its cross-chain first-level

2025/07/11

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Institutions load up ETH, SOL; XYZVerse presale hits final stage, eyes 1,000x growth

Institutions load up ETH, SOL; XYZVerse presale hits final stage, eyes 1,000x growth

As Ethereum and Solana draw big-money interest, sports-themed meme token XYZVerse is stealing the spotlight with a final presale surge and bold 1,000x potential. #partnercontent

Author: Crypto.news

2025/07/11

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GMX Hacker Strikes White-Hat Deal: $42M Heist Turns $3M Profit After $5M Bounty Offer

GMX Hacker Strikes White-Hat Deal: $42M Heist Turns $3M Profit After $5M Bounty Offer

On July 9, decentralized exchange GMX became the latest DeFi protocol to suffer a major exploit, with over $42 million in digital assets reportedly siphoned from its vaults. According to data from DeBank, the breach involved a suspicious outflow of funds to a single wallet address: 0xdf3340a436c27655ba62f8281565c9925c3a5221. The stolen funds were then bridged from Arbitrum—a Layer 2 Ethereum scaling network—back to the Ethereum mainnet, a tactic often used by exploiters to hide or launder assets. In a surprising turn, blockchain analytics platform Lookonchain reported that the attacker agreed to a white-hat deal, opting to return the funds in exchange for a $5 million bounty. The #GMX hacker chose to return the stolen $42M assets for a $5M white-hat bug bounty. Currently, $10.49M $FRAX has been returned. Another $32M assets had been swapped into 11,700 $ETH , which is now worth $35M—netting a ~$3M gain. 🤔Will the hacker return all 11,700… pic.twitter.com/XjBlAK81Mf — Lookonchain (@lookonchain) July 11, 2025 White-hat deals are occasionally used in DeFi when exploiters are willing to return funds in good faith, often after revealing critical vulnerabilities. This approach seeks to avoid prolonged investigations and reputational damage while recovering assets for affected users. Partial Returns and a Profitable Arbitrage According to Lookonchain’s analysis, the hacker has already returned $10.49 million worth of FRAX stablecoins. However, the remaining $32 million was not simply held—it was swapped into 11,700 ETH and is now worth $35 million, resulting in an unexpected $3 million profit due to ETH price appreciation. The move is sparking debate over whether the attacker will return the full 11,700 ETH or simply send back $32 million and keep the additional gain. As of now, the hacker has yet to confirm their intentions publicly. The incident is raising questions about how white-hat agreements are enforced and whether attackers can ethically retain profits earned post-exploit. While some see the return of most funds as a net positive, others argue that walking away with millions in profit—even with partial compliance—undermines the very spirit of the white-hat model. DeFi Security and the Ethics of Exploitation The incident highlights ongoing security challenges within decentralized finance, particularly in relation to large asset vaults and cross-chain functionality. As of now, GMX has not confirmed whether a formal white-hat agreement was established prior to the partial return of funds. The situation remains under observation, with the outcome likely to influence broader discussions around the role of white-hat arrangements and ethical boundaries in DeFi. GMX Confirms $42M Exploit Rooted in Re-Entrancy Bug In its lastest post GMX confirms that the $42 million exploit was caused by a re-entrancy vulnerability within its V1 contracts. Although the affected function was protected by a nonReentrant modifier, it only applied within the same contract, allowing the attacker to bypass this safeguard and manipulate the BTC average short price through the Vault contract. https://t.co/1rfDbjDQ0r — GMX 🫐 (@GMX_IO) July 10, 2025 By exploiting this loophole, the attacker artificially drove the GLP price up and profited by redeeming inflated GLP tokens after opening a large position using a flash loan. The vulnerability was tied to how GMX V1 handled pricing calculations across separate contracts, a structure that has been revised in GMX V2, where calculations and executions now occur within the same contract to avoid such risks. In response, GMX paused trading on Avalanche, engaged with security partners and major infrastructure providers, and initiated direct on-chain communication with the exploiter. Minting and redemption of GLP on Arbitrum has been temporarily disabled pending the protocol’s transition plan and user reimbursement process. GMX confirmed that GLP minting on Avalanche is also paused, though redemptions remain active. V1 positions will be wound down and migrated to a reimbursement pool for affected users, and all remaining V1 orders should be cancelled. GMX has also issued a warning to all V1 forks, urging them to immediately implement fixes and security audits to avoid similar vulnerabilities.

Author: CryptoNews

2025/07/11

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With the United States taking the lead, how can Hong Kong win the competition of “global tokenization”?

With the United States taking the lead, how can Hong Kong win the competition of “global tokenization”?

Editor's note: On July 3, the South China Morning Post website published an article by Cobo COO Lily Z. King, which deeply analyzed how Hong Kong can seize the initiative

2025/07/11

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Why holding ETH is the best way to participate in the stablecoin wave?

Why holding ETH is the best way to participate in the stablecoin wave?

By Maria Shen & Sanjay Shah, Electric Capital Compiled by: TechFlow *Note: Throughout this article, “Ethereum” refers to the network and “ETH” refers to the asset that powers it. Far

2025/07/11

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Ethereum price breaks through $3,000 after ETH Foundation moves 21,000 ETH in the past two months

Ethereum price breaks through $3,000 after ETH Foundation moves 21,000 ETH in the past two months

Ethereum has surpassed $3,000 in value, following the ETH Foundation transferring a total of 21,000 ETH in the past two months to its internal Gnosis Safe Proxy address. According to data from crypto.news, ETH (ETH) touched on a new high…

Author: Crypto.news

2025/07/11

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The future of work is AI-powered. Decentralization makes it fair | Opinion

The future of work is AI-powered. Decentralization makes it fair | Opinion

Decentralized AI isn’t a silver bullet, but it builds rights and attribution into the system, offering creators a seat at the table they’ve long been denied.

Author: Crypto.news

2025/07/11

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Ethereum Foundation explains its ZK technology strategy: L1 zkEVM first, defining a new standard for "real-time proof"

Ethereum Foundation explains its ZK technology strategy: L1 zkEVM first, defining a new standard for "real-time proof"

PANews reported on July 11 that the Ethereum Foundation published a document stating that it is fully committed to zero-knowledge proof (ZK) technology, hoping to apply it at all levels

2025/07/11

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The crypto market rose for two consecutive days, BTC broke through $116,000 to set a new high, and ETH broke through $3,000

The crypto market rose for two consecutive days, BTC broke through $116,000 to set a new high, and ETH broke through $3,000

PANews reported on July 11 that according to SoSoValue data, as regulatory expectations improved, liquidity continued to ease, and market sentiment gradually rose, the crypto market sector rose for two

2025/07/11

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When Cryptocurrency Returns Are Poor, You Need a Plan B

When Cryptocurrency Returns Are Poor, You Need a Plan B

By: DeRonin Compiled by: Luffy, Foresight News I started my career in cryptocurrency and I am truly grateful for what it has brought me. But recently, I came to the

2025/07/11

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