Tag: DeFi

Jellyverse’s jAssets Brings Synthetic Assets to DeFi

Summary: Jellyverse has dropped a bomb on DeFi investors in the name of jAssets, a place to mint synthetic tokens representative of real-world assets, including stocks, gold, and Tesla shares over the Sei network. With this, DeFi opens up avenues to portfolio diversification while cutting crypto’s volatility, thus allowing 24/7 trading at any moment in time through decentralized means.

The Jellyverse is rewriting the DeFi playbook with jAssets, its new synthetic assets platform. For the first time, users can mint tokens such as jAAPL (Apple) or jGLD (Gold) that track the value of traditional assets. That means you can trade Tesla shares or gold without having to leave the blockchain.

YOU MIGHT ALSO LIKE: DeepSeek AI: What It Is and How It Caused a Market Crash

These synthetic assets are minted by users through the locking of collateral such as wETH, USDT, or even native JLY tokens of Jellyverse. Collateral has been over-collateralized at 110%-150% just to keep things very stable. Powered by the Sei network, an ultra-fast L1 blockchain, the whole operation is low-fee and fast trades.

But it’s not just about holding assets; you can go long, short, or even leverage your positions. Talk about leveling up your portfolio. The platform also uses the Pyth Network to ensure price accuracy in real time, so you’re always trading fair.

YOU MIGHT ALSO LIKE: Ethereum Foundation Offloads More ETH as Prices Dip to $3,000

Jellyverse Co-Founder Benedikt Keck says jAssets isn’t just about new features—it’s about bridging the gap between DeFi and traditional investing. Ready to diversify like never before? Jellyverse has you covered.

Whitehat Hacker Recovers $1.5M in DeFi’s First Major 2025 Breach

Hackers stole $2.5M from DeFi platform Moby, but whitehat Tony Ke recovered $1.5M using the hacker’s own mistake.



This year’s first big crypto hack really packed a punch when hackers siphoned off $2.5 million from Moby, a DeFi options platform on the Arbitrum network. A hacker was able to exploit a proxy contract with a leaked private key and managed to enable an emergency withdrawal function that grabbed assets such as 207 WETH and 3.7 WBTC. But wait-this story gets wild.

Enter Tony Ke, a self-proclaimed “noob engineer” and MEV researcher at Solayer Labs/Fuzzland, who swooped in like a crypto superhero. Ke’s MEV bot spotted a loophole in the hacker’s contract, which the attacker left unsecured after exploiting Moby’s private key. Ke seized the opportunity, executing a counter-hack to recover $1.5 million in USDC from the thief’s contract.

The remaining $1 million in WETH and WBTC is still out there, but Moby has vowed to cover all the losses and make things right for their users.

While this drama unfolded, another crypto mishap occurred: Virtuals Protocol’s Discord server was breached after a mod’s private key was leaked, allowing hackers to spread phishing links. Fortunately, Virtuals patched things up.

The Moby hack shows how fast things can turn in crypto—high-stakes drama, whitehat heroes, and the race to recover stolen funds.

Also Read: U.S. Government Conducts Test Transfer of Silk Road Bitcoin

Pi Network Moves 1 Billion Coins to Strengthen Liquidity Pool

Pi Network’s 1B coin transfer builds a liquidity pool for faster transactions, stable value, and epic DeFi app potential.

Pi Network just made a power move, transferring over 1 billion coins to a dedicated wallet to create a liquidity pool. This is a game-changer for its ecosystem, this move alone has made transactions smoother and opening doors for exciting innovations.

So, what’s a liquidity pool? Think of it as a shared pot of coins that makes trading and exchanging way easier. No more delays or price swings messing up your plans. For Pioneers (that’s what Pi users are called), this means faster and hassle-free transactions, while developers get a chance to create next-level apps and services.

But it’s not just about convenience. The liquidity pool helps stabilize Pi’s value, so users don’t have to stress about wild price jumps. Developers can tap into this pool to build apps that could take Pi Network to the next level—think DeFi tools, payment systems, and other blockchain innovations.

This move shows Pi Network is leveling up, aiming to become a big player in decentralized finance (DeFi). With this step, businesses, users, and developers all win. Whether it’s real-life payments or futuristic blockchain apps, Pi’s utility is about to explode.

By securing a strong liquidity pool, Pi Network is setting the stage for a bigger, bolder, and more inclusive blockchain ecosystem.

You might like: Europol Cracks Down on Underground Bankers Linked to Crypto Crime Network

Trump’s DeFi Push Fuels $45M December Crypto Buying Frenzy

A massive $45 million December cryptocurrency binge by Trump’s new DeFi project named World Liberty Financial, is finally moving ahead by purchasing assets including big names like ETH, ONDO and LINK. It did face some trouble selling its WLFI token but Justin Sun’s $30 million investment helped it make tons of money. Finally,the collaboration with AaveDAO is setting its point towards enhancing lending and borrowing.

With a $45 million cryptocurrency buying binge this month, Donald Trump’s DeFi project, World Liberty Financial is finally taking significant big step action. Trump is also serving as its “chief crypto advocate” and his kids as its “ambassadors,” the initiative has amassed $30 million in Ethereum, $10 million in cbBTC, and smaller amounts of tokens such as Ondo (ONDO) and Ethena (ENA). Their most recent purchase? A day after obtaining $500K of ENA, $250K of ONDO was acquired.

World Liberty, launched in September, is aiming to become the go-to DeFi platform for trading crypto. But it’s not all smooth sailing—its WLFI token sales are lagging, with less than 25% of its $300M goal reached. Still, it scored a major win when Justin Sun, founder of Tron, invested $30M and became its top backer. Sun’s now an official advisor, despite his history with the SEC over alleged unregistered securities.

To keep the momentum, World Liberty got AaveDAO on board to create its own version of the Aave protocol, enabling borrowing and lending for crypto staples like Ether and USDC. With promises of juicy revenue splits for AaveDAO, this partnership might be the boost Trump’s crypto empire needs. It’s a bold bet—let’s see if it pays off.

You might like: Bitcoin Traders Eye $120K Amid Bullish Momentum of ‘Santa Claus Rally

Polygon Unveils $1B Push to Supercharge DeFi Ecosystem

Polygon’s cooking up a $1B plan to deploy idle stablecoins into DeFi vaults like Yearn and Morpho, aiming to rake in $91M yearly yields. The cash will boost liquidity, DeFi action, and ecosystem growth. With MATIC now POL and its $5B market cap, Polygon’s gearing up for next-level DeFi vibes.

Polygon is about to make a bold move to boost its DeFi ecosystem by unlocking over $1 billion in stablecoins that have been sitting unused in its PoS Bridge. Right now, stablecoins like are just there with no real purpose. But after this new plan comes in it will surely put that money to work and drive real growth.

This proposal has the backing of some big names in DeFi, including Allez Labs, Morpho Labs, and Yearn Finance. The goal is to deploy about $1.3 billion into carefully selected vaults on Polygon, which will use quality collateral. The plan expects to generate around $91 million in annual yield, which would then be reinvested into Polygon’s ecosystem to increase liquidity, attract more DeFi activity, and enhance the network’s infrastructure.

Paul Frambot, CEO of Morpho Labs, pointed out that these idle reserves represent a major missed opportunity, with potential earnings of $50 million to $90 million each year.

Plus, Polygon has also moved more ahead by recently rebranding its token from MATIC to POL. This incident overall led to its market cap being pushed to $5 billion.

You might like: VIRTUAL Soars 28% in a Day Amid Rising AI Agent Hype

XLM Price Forms Rare Pattern as Stellar DeFi TVL Hits Record High

XLM made a strong comeback on Nov. 27, forming a bullish engulfing pattern after a dip. Stellar’s DeFi TVL hit a record $56M, and total assets are close to $300M, boosted by the Franklin Templeton fund. If XLM stays above $0.50, it could test its yearly high.

Big move for XLM! On November 27, the price shot up, forming a bullish engulfing pattern. That’s a strong sign that things are turning around after a recent dip. This comeback absolutely reversed a two-day slump that had put XLM in a mini bear market. But it didn’t just stop there; the whole crypto market, including Bitcoin, had a nice little bounce back too.

Here’s the cool part: Stellar’s DeFi ecosystem is absolutely thriving. Stellar’s total value locked (TVL) in DeFi hit an all-time high of over $56 million. On top of that, assets across Stellar’s ecosystem are pushing close to $300 million, with the Franklin Templeton OnChain US Government Money Fund holding over $400 million. Not too shabby, right?

This price surge also comes with some good news on the regulatory front. U.S. courts have been more friendly to crypto recently. A ruling found that Tornado Cash sanctions went too far, and last year, a judge ruled that XRP wasn’t a security. If things keep going this way, some are even speculating that we might see a Spot XLM ETF in next year.

Now, if XLM stays above $0.50, it could keep climbing, possibly even testing its high for the year at $0.6370. But, there’s always a catch, this recovery might just be a “dead cat bounce,” meaning a short-term surge before a drop. If it dips below $0.4168, then its super bad as it will not have any chances of bouncing back.

Either way, the XLM chart is looking interesting, and Stellar’s ecosystem is definitely making waves. Keep an eye on it—XLM might just be gearing up for a major run.

Continue Reading: Floki Pushes Valhalla Mainnet Launch to Early 2025

Okto Wallet Partners with Agglayer to Streamline Cross-chain Transactions

In brief, okto wallet has announced a cooperation with Agglayer. which was formed in partnership with Polygon labs to promote and advertise smooth cross-chain transactions. This is done by making sure the users could interact and communicate with many blockchain networks via a single interface. This collaboration wants to improve interoperability and streamline DeFi interactions.

AggLayer and Okto Wallet Collaboration

During the Aggregation Summit, Okto announced its partnership with AggLayer, a cross-chain settlement solution co-developed with polygon Labs. This collaboration aims to make cross-chain interactions easier and simpler. If this is to come true and be fruitful then this platform will be tackling one of the major hurdles in decentralized finance (DeFi)— chain interiperability.

YOU MIGHT ALSO LIKE: DeltaPrime Suffers Second $4.7 Million Hack Attack

Simplified Cross-Chain Transactions

With the help of newly integrated AggLayer, Okto Wallet users can now conduct transactions across multiple blockchain networks within one unified interface. Now the users don’t have to go through each chain individually, making DeFi more accessible to non-technical users and beginners.

Launching the Chain Abstraction Stack

Okto alongside the AggLayer collaboration also introduced its Chain Abstraction Stack, which includes the customizable Okto App Chain built using Polygon’s Chain Development Kit. This stack provides a base for developers to build dApps without the need of in-depth information and knowledge about blockchain which enhances the potential audience for DeFi.

YOU MIGHT ALSO LIKE THIS: Dogecoin Nears Breakout as ETFSwap (ETFS) Forecasts Unprecedented 65,000% Surge by 2025

Advancing Chain Abstraction

By making things easier for beginners and non-technical users, Okto’s chain abstraction approach enables smoother interactions within DeFi ecosystem. This partnership takes a major steps towards making decentralized finance more and more user-friendly. This helps pave the way for a more interconnected blockchain environment accessible to millions and millions.

Exit mobile version