Jae
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Strategy's new financial report shows huge losses, but STRC has become a new favorite in DeFi. How did the high interest rate of 11.5% get moved on the blockchain?
Strategy suffered a massive $12.5 billion loss in Q1, but STRC preferred stock has become a new favorite in DeFi. Saturn, Apyx, and Pendle have integrated an 11.5% dividend yield to create an on-chain interest-bearing structure for Bitcoin, but the capital efficiency game hides the risk of a chain of liquidations.
Jae
Sky's Dual Transformation: Governance Upgrade and On-Chain Institutional Infrastructure
Sky is accelerating governance reforms and launching institutional-grade infrastructure Laniakea, targeting 300 billion idle stablecoins, intensifying the competition for new DeFi infrastructure.
Jae
With frequent security incidents and a sharp drop in user activity, is anyone still using cross-chain bridges?
Cross-chain bridge daily active users (DAU) continued to decline to 13,000, reflecting a collapse in security trust coupled with a cooling of liquidity. However, true cross-chain interoperability is just beginning: the technology is shifting from consumer-facing (C-end) interaction to business-facing (B-end) infrastructure, chain abstractions and centralized exchanges (CEXs) are diverting users, and the airdrop wave is receding. Cross-chain bridges are taking a backseat, while institutional-grade trading is quietly booming.
Jae
STRC fell below $100, and Strategy's perpetual buying spree slowed down.
Strategy's perpetual preferred stock (STRC) has fallen below its $100 par value, Bitcoin funding engines are stalled, Michael Saylor's Bitcoin purchase plan has been thwarted, and marginal buying interest in the market is teetering on the brink.
Jae
After AAVE was hit by a bullet, what did Spark do right to attract $1.3 billion in funding against the trend?
Aave suffered a multi-billion dollar run due to the rsETH vulnerability, while Spark, with its prudent risk control, attracted $1.3 billion against the trend. This DeFi crisis reveals the value of a security-first strategy, with funds shifting from pursuing efficiency to seeking stability.
Jae
KelpDAO's cross-chain fraud went wrong, leaving AAVE as the "foot of the bill," prompting industry calls for a repricing of risk.
KelpDAO suffered a nearly $300 million loss in a hack, exposing a single point of failure vulnerability in the LayerZero cross-chain bridge. The incident triggered nearly $200 million in bad debts on Aave and panic-driven capital outflows from the market, forcing the DeFi industry to re-examine the balance between multi-chain expansion and security risk control, and may drive structural changes such as lending segregation pools and mandatory insurance.
Jae
How did RAVE achieve a textbook-level short-selling kill with 90% control of the market, surging 80 times in 7 days?
RAVE token surged nearly 80 times in 7 days, but behind its valuation of tens of billions is a 90% monopoly and on-chain manipulation? Unveiling the manipulation traps in the altcoin market, how can investors escape FOMO and short-selling attacks?
Jae
Crypto exchanges are scrambling to acquire pre-IPO assets: SpaceX shares can now be purchased with stablecoins.
Binance, Bitget, and Gate, three major exchanges, are entering the pre-IPO market by using tokenization protocols to allow retail investors to invest in top unicorns like SpaceX and OpenAI with low barriers to entry, seize the growth dividends of AI, and reshape the global asset allocation landscape.
Jae
Aave is mired in a trust crisis: service providers are leaving en masse, and the company has failed in its technology, governance, and risk control.
Aave has faced a mass exodus of ecosystem service providers, with Chaos Labs, BGD Labs, and ACI all severing ties, posing a severe challenge to DAO governance and protocol security. This internal split reveals a deep paradox of decentralized governance, making the transformation path of lending leader Aave fraught with difficulties.
Jae
The era of easy profits with stablecoins is over; DeFi-native stablecoins may become a new engine for growth in regulatory gaps.
The Clarity Act severely restricts passive returns on centralized stablecoins, potentially ending the era of easy profits for USDC. In regulatory gaps, DeFi-native stablecoins like USDe are finding new opportunities for compliant growth through active reward mechanisms such as derivatives hedging and protocol revenue sharing.
Jae
Interview with Aster CEO: From Perp DEX Dark Horse to Privacy L1, Equipping On-Chain Derivatives Trading with a "Silencer"
Aster Chain mainnet launch marks the creation of the first privacy-first L1 blockchain dedicated to Perp DEX. Through zero-knowledge proofs and stealth addresses, it provides strategic protection for professional traders, achieving 50ms block generation, 100,000+ TPS, and 0 Gas fees, reshaping the rules of on-chain derivatives trading.
Jae
Drift's "Fourth Day Heist" resulted in the theft of nearly $300 million, and the Solana ecosystem suffered a major blow during the bear market.
Solana's leading derivatives protocol, Drift, was hacked, potentially resulting in losses exceeding $200 million, making it the largest on-chain security incident in Q1 2026. This attack exposed significant vulnerabilities in DeFi key management, causing a sharp drop in the DRIFT token price, and posing a trust crisis and security challenge to the Solana ecosystem.
Jae
Traditional US exchanges are witnessing an on-chain "triple play," with tokenization reshaping collateral, trading, and margin.
The three major Wall Street exchanges, Nasdaq, NYSE and CME, have all launched tokenization programs aimed at revitalizing huge amounts of idle collateral, innovating securities trading models and building a real-time settlement network, marking that traditional finance is deeply embracing blockchain technology to reshape global capital efficiency.
Jae
Brokerages are entering Hong Kong's crypto space; Futu is transitioning from "borrowing a boat to cross the sea" to "building its own boat to sail the sea."
Futu Securities has integrated with its self-built virtual asset exchange, Cheetah Platform, creating Asia's first Web2+Web3 ecosystem closed loop. Leveraging its VATP license and AI trading tools, Futu achieves stock-currency integration, providing investors with a compliant and convenient new experience in cross-asset allocation.
Jae
US regulators are loosening restrictions on cryptocurrencies: stablecoins are becoming "quasi-cash," and derivatives are no longer subject to trading limits.
The U.S. SEC, CFTC, and NYSE recently took coordinated action to systematically loosen regulations on crypto assets. Stablecoins were granted cash status, BTC/ETH became compliant collateral, and position limits for crypto options were removed, collectively building a new closed loop of liquidity in mainstream capital markets.
Jae
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