According to a Santiment analysis dated October 30, total stablecoin debt tracked on decentralized finance (DeFi) platforms fell 4.4% to $5.29 billion. This brought debt to its lowest level since August 7.

While the market downturn and liquidations drew attention after the attack, data from lending protocols showed a different trend: users repaid their debts, reducing their leverage. Liquidations on the protocols examined during the same period were limited to approximately $1.9 million.

A 16-hour drop nearly matched three weeks of debt reduction

Stablecoin debt had fallen by a total of $263 million over the three weeks following its peak on October 5. The $244 million decline in just 16 hours after the attack nearly matched that three-week drop.

Most of the movement occurred between 03.00–07.00 Turkey time on October 30. Debt fell by $213 million during this four-hour period; according to Santiment, that was more than double the largest four-hour decline previously recorded since May.

What does repaying debt indicate?

A liquidation occurs when a protocol forcibly closes a borrower’s position because there is insufficient collateral. In the data examined here, however, the main source of the decline in debt was repayments made by users.

This distinction shows that the reduction in DeFi leverage was driven more by debt repayment than by a wave of forced liquidations. The analysis covers stablecoin debt on major DeFi lending protocols, and the comparison is based on debt and liquidation data from those platforms.

Investors Repay Debt After Binance Attack: DeFi Debt Drops $244 Million isimli makale Selim Kuşçu tarafından hazırlanmış ve koinbulteni.comda yayınlanmıştır.

According to a report by Wu Blockchain citing Unchained, the suspension covers the swETH and rswETH tokens. Swell temporarily halted transactions until the net asset values of both tokens and their ETH equivalents are corrected.

Why did the ETH equivalents in the contracts rise?

According to the data, the contracts showed that 1 swETH was worth approximately 1,203 ETH, while 1 rswETH was worth 1,138 ETH. These rates are approximately 6% and 5% above normal levels, respectively.

The investigation is focused on this unusual increase in the ETH equivalents of the tokens calculated by the contracts. The exact cause of the discrepancy is under investigation.

Suspected compromise of admin keys

Spreek said they suspect the admin keys for the tokens in question may have been compromised. The analyst said a malicious upgrade contract could affect approximately 2,500 ETH.

The upgrade in question has not yet been executed. Swell also said in its statement that no ETH had been transferred from the affected contracts. The protocol is continuing its investigation into the cause of the incident while keeping transactions suspended.

Ethereum Protocol Halts Deposits and Withdrawals Amid 2,500 ETH Security Concerns isimli makale Fatih TAŞDEMİR tarafından hazırlanmış ve koinbulteni.comda yayınlanmıştır.

According to a statement Uniswap Labs gave to The Block, the new feature went live on Ethereum, Base, and Robinhood Chain. When users swap through Uniswap’s web app, they are no longer limited to prices in the platform’s own pools; liquidity from other supported platforms is also evaluated automatically.

Prices on rival platforms are compared, too

External liquidity sources initially include Fluid, Curve, and PancakeSwap. Uniswap compares prices in its own pools with those on these platforms and completes the trade in a single blockchain transaction.

This connection is enabled by tools called “aggregator hooks,” which add functionality to pools in Uniswap v4. An external liquidity source can be used by the routing system as if it were a Uniswap pool. Developers can also access the same sources through the Uniswap API.

Trades routed externally will contribute to UNI burns

The fee connection is the aspect of the new feature that stands out for UNI. Uniswap Labs said that trades routed to external liquidity sources will also pay a Uniswap protocol fee, and that these fees will contribute to UNI token burns.

This means the flow of trades supporting burns will no longer be limited to Uniswap’s own pools. The amount of additional fees generated and the extent to which they will contribute to burns will depend on the use of this routing; no specific burn amount was announced.

The plan was first raised in the UNIfication proposal in November 2025. The first implementation went live in March 2026 on Tempo, a payments-focused network developed by Stripe and Paradigm. Tempo support is available only on the web app, while the three newly added networks support both the web app and the API.

Uniswap Labs says the protocol has processed more than $4.5 trillion in total trading volume to date. The company plans to expand this feature, which also brings liquidity from external platforms into v4, to more blockchains.

Crypto Giant Taps Rivals, Adds New Source for UNI Burns isimli makale Fatih TAŞDEMİR tarafından hazırlanmış ve koinbulteni.comda yayınlanmıştır.

According to CoinDesk’s October 22 market analysis, Bitcoin fell as much as 2.9% from 03:00 (Turkey time). Asian stocks and U.S. index futures also declined as mixed financial results from Tesla and Meta revived concerns about spending on artificial intelligence.

Hong Kong’s Hang Seng Index fell more than 3%, South Korea’s Kospi dropped 3.5%, and Japan’s Nikkei 225 lost 2.7%. Losses in Nasdaq 100 futures reached 1.32%, while selling in the crypto market was concentrated particularly in decentralized finance (DeFi) tokens.

Which altcoins suffered the steepest losses?

In the report’s price snapshot, Ethereum fell 2.6% to around $2,400, while Solana dropped 2.4% to approximately $104. The DeFi index lost 5.6%, with declines even sharper for some tokens:

• Curve (CRV): Fell 8.2% to around $0.37.
• Ethena (ENA): Lost 7.2%, bringing its monthly decline to approximately 25%.
• Uniswap (UNI): Fell 5%, bringing its October loss to around 20%.
• Worldcoin (WLD): Declined 7.3%.
• Starknet (STRK) and Sandbox (SAND): Lost 6.1% and 5.1%, respectively.

A separate chart snapshot from CoinDesk Indices for the European morning also showed the DeFi index down 5.4%, exceeding Bitcoin’s 2.2% loss. These measurements, taken at different times, show that selling pressure was heavier in DeFi.

Liquidations rose as altcoin positions shrank

Derivatives trading volume rose 19% to $226.6 billion. By contrast, the dollar value of open interest fell 2.46% to $141.8 billion. Liquidations rose 52% to $431.1 million, with liquidations on the long and short sides at similar levels.

However, a decline in open interest does not mean the same thing for every asset. The analysis said that the dollar-denominated declines in Bitcoin and Ethereum largely reflected falling prices, while the number of open contracts changed little. In ZEC, NEAR, UNI, LINK, and SUI, open interest fell faster than prices, indicating that positions were being closed.

The decline came despite more than $1 billion flowing into spot Bitcoin ETFs during the first three days of the week. In Solana’s case, the Alpenglow upgrade going live also failed to prevent SOL from falling in the same price snapshot.

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According to a statement reported by The Block, Aerodrome on Base and Velodrome on OP Mainnet are consolidating their existing operations under a shared onchain spot exchange. Aero will operate on Ethereum mainnet, Base, Robinhood Chain, Ink, OP Mainnet, Arc, and Arbitrum.

What will change for AERO and VELO holders?

The part of the merger that directly affects token holders is the migration of existing assets to the new structure. According to the announced plan, the conversion will work as follows:

• AERO and VELO: Will migrate to the new AERO token.
• veAERO and veVELO: Will be converted to sAERO.

The statement does not provide conversion ratios or a detailed migration timeline. As a result, it is not possible to determine from this information how much of the new token holders will receive for their existing tokens.

Platform revenue will go to stakers

Alex Cutler, CEO of Aero developer Dromos Labs, said that all of the platform’s revenue will go to AERO stakers. The new economic model aims to incentivize liquidity providers who supply assets for trading and give stakers a role in allocating the rewards budget.

Under a system called “Predictive Allocation,” participants will be able to direct liquidity rewards to markets where they expect their staked AERO to generate revenue. The announced revenue-sharing model does not guarantee a fixed rate of return.

Combined monthly volume across seven networks reaches $120 billion

According to data shared by the project, Aerodrome accounted for 58% of decentralized exchange trading volume on Base in the third quarter, while Velodrome accounted for 60% of volume on OP Mainnet.

Total decentralized exchange volume across the seven networks where Aero is expanding reaches approximately $120 billion per month. This figure represents the total market size of the networks where Aero will operate, not Aero’s own trading volume.

One of the new features, Metaswaps, aims to connect transactions across networks by using existing onchain liquidity. Slipstream V3 introduces dynamic fees that increase during rapid market movements, as well as an MEV feature designed to capture additional value from transaction ordering on supported Layer 2 networks.

Two Major DEXs Merge: AERO and VELO to Become One Token isimli makale Fatih TAŞDEMİR tarafından hazırlanmış ve koinbulteni.comda yayınlanmıştır.

According to the on-chain tracking platform’s October 20 post, 25,700 ETH was sent from the address to Tornado Cash in the two hours before the post. This ended two months of silence from the funds being tracked in connection with the Drift attack.

$195 Million Worth of Ethereum Remains After the Transfer

After the transfer, the attacker was reported to hold 81,864 ETH. Lookonchain estimated the value of this remaining balance at approximately $195 million at the time of the post.

What stands out about the latest move is that a large amount of ETH was sent to Tornado Cash after two months of inactivity. Despite the 25,700 ETH transfer, the tracked address still holds more than three times that amount in Ethereum.

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According to data from the Financial Times cited by CoinDesk, the total value of assets deposited in these vaults rose from $4 billion at the beginning of last year to more than $10 billion. Fintech companies, digital asset treasury firms, and hedge funds are among the main investors using these strategies to put their stablecoins and other tokens to work.

How do crypto lending vaults generate returns?

Vaults on decentralized finance (DeFi) platforms use deposited crypto assets in lending strategies through smart contracts. Each vault has a manager who selects its lending strategy, sets risk limits, and earns a fee in return.

Returns generally range from 3% to 10%, and can reach 20% or more in riskier strategies. But the risk investors take depends not only on the return displayed on screen, but also on which loans their money is used for and what collateral backs those loans.

What happens if the collateral cannot be sold?

Loans may be backed by tokens with limited buyers, stablecoins collateralized by crypto assets, or tokenized private credit. If the collateral loses value or becomes difficult to sell when needed, vault depositors face the risk of losses.

Automatic liquidations triggered by a decline in collateral value can intensify market sell-offs. Hacks, software bugs, and mechanisms that incorrectly price assets are other potential sources of losses. While the public nature of smart contracts provides transparency, investors focused on high returns may overlook the risks underpinning those returns.

A lower return target for a Bitcoin vault

A vault launched in September on Pareto by Bitcoin-backed lending firm Two Prime targets an annual return of 1.5%–2% through institutional lending activities. The vault accepts Wrapped Bitcoin (WBTC), which represents Bitcoin, and requires a minimum deposit of 5 WBTC.

Two Prime allocated approximately $10 million of its own capital to the vault to cover potential initial losses. The example shows how vaults in the same market can differ in their return targets and risk-sharing arrangements.

Regulators are also examining how existing rules apply to these structures. The U.S. Securities and Exchange Commission (SEC) has asked questions about vaults holding securities, while European regulators have proposed bringing intermediaries that provide access to DeFi services under supervision.

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According to data shared by on-chain data platform Lookonchain, the price of AGT more than doubled during the day. Amid the sharp rise, trades by five wallets that took positions betting on this altcoin’s price increase stood out.

Five wallets’ long positions are worth $1.7 million

The wallets opened 2x leveraged long positions on a total of 50.17 million AGT on decentralized trading platform Aster DEX. The combined value of these positions, which are aimed at profiting from the price increase, was reported at approximately $1.7 million.

The five wallets’ open positions had a combined profit of $887,000. This figure represents the profit calculated at the current price before the positions are closed.

Altcoin Doubles in One Day, Leaving Five Wallets Nearly $900K in Profit isimli makale Fatih TAŞDEMİR tarafından hazırlanmış ve koinbulteni.comda yayınlanmıştır.

According to an announcement reported by Wu Blockchain, decentralized perpetual futures exchange StandX has decided to wind down operations after assessing business and market conditions. The platform, founded by Aaron Gong and other seasoned industry figures, has set separate dates for various steps, from stopping users from opening new positions to closing existing trades.

StandX said it had served more than 237,000 users since its mainnet launch in November 2025. The platform’s total value locked had also exceeded $200 million at its peak.

When will trading and withdrawals end?

The first step in the shutdown timeline will be the end of yield distributions on October 15, 2026. The subsequent stages are as follows:

• October 20, 2026: Perpetual futures will switch to “reduce-only” mode, allowing only existing positions to be reduced; no new positions can be opened.
• By January 15, 2027: All remaining open positions will be closed.
• January 31, 2027: DUSD redemptions and asset withdrawals will end.

Users should take these separate deadlines for closing trades and withdrawing assets into account when managing their open positions.

Token plan canceled, DUSD distribution in the works

The StandX team has also abandoned its plan to launch a platform token. Instead, it plans to hold a one-time DUSD airdrop using remaining revenue and additional contributions from the team.

As a result, the shutdown process will involve a DUSD distribution rather than a new platform token; the summary of the announcement shared so far does not provide details on the distribution amount or eligibility requirements.

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According to CoinDesk, GSR is launching a new on-chain lending business called Hare alongside liquidity distribution platform Turtle. The plan centers on providing initial liquidity to the products with GSR’s own capital before investors participate.

Two products for gold tokens and stablecoins

Hare’s first two products will operate on the Aave lending protocol. Hare USD Earn will accept major dollar stablecoins in a single vault. Hare Gold Earn aims to give holders of Paxos’s tokenized gold products, PAXG and PAXGy, the opportunity to earn yield. Paxos Labs is also partnering on the development of the gold product.

In these vaults, investors deposit their assets into smart contracts, and vault managers decide how to deploy the capital in lending markets and other strategies. The aim is to generate yield by putting assets held in wallets to work in lending activities.

GSR will commit capital before outside investors

The $100 million commitment spans multiple years and consists largely of credit facilities. GSR’s capital will be allocated to Hare’s products before outside investors participate.

Hare CEO Connor Milner said the company aims to give issuers access to liquidity from day one while allowing investors to participate in vaults that also contain GSR’s own capital.

Hare will focus on evaluating collateral and counterparties in its lending activities. Assessing how positions would behave under market stress will also be part of this process. The yield model depends on which lending and investment strategies are used for the assets in the vaults.

Crypto Market Maker GSR Commits $100 Million to Tokenized Gold Yield Plan! isimli makale Selim Kuşçu tarafından hazırlanmış ve koinbulteni.comda yayınlanmıştır.

According to the shutdown announcement reported by The Block, Abstract will cease operations due to stagnant growth, weak liquidity, limited decentralized finance (DeFi) options, and low institutional adoption. The project said users who do not bridge their assets to another network before the shutdown could risk losing access to their funds.

More than 144 applications had launched on the network, which attracted more than 400,000 users through consumer-focused partnerships with brands such as Red Bull Racing and Disney. Despite this, the team said it was not feasible to sustain a network built solely around consumer-focused crypto use as an independent business model.

Lost tens of millions of dollars and scrapped plans for a token

Igloo, the company behind Pudgy Penguins, had funded Abstract for the past 18 months. CEO Luca Netz said the project had lost tens of millions of dollars.

Netz said they had considered issuing an Abstract token or holding an initial coin offering (ICO) to keep the network running, but decided against it. In his view, taking that step without a strong use case to drive demand for the token could have harmed the community.

Igloo will now direct its resources toward Pudgy Penguins and PENGU. The company does not want to continue funding Abstract at the expense of the Pudgy Penguins business.

December 15 is the key date for Abstract users

The Abstract mainnet launched in January 2025. Igloo raised more than $11 million in funding in a round led by Founders Fund in July 2024 to develop the project.

With the shutdown decision, December 15, 2026, is now the deadline for users with assets on the network. The project is urging them to complete transfers before the shutdown date.

The decision came less than a week after Blast, another Ethereum layer-2 network backed by Paradigm, announced it would cease operations because its costs exceeded its revenue.

400,000 Users Weren’t Enough: Ethereum Project to Shut Down, Urges Users to Move Assets isimli makale Selim Kuşçu tarafından hazırlanmış ve koinbulteni.comda yayınlanmıştır.

According to a statement from the Drift Foundation reported by Wu Blockchain, users can claim 1 DFX for every 1 USDT in verified losses. DFX represents a claim on the Recovery Pool, a pool created to cover losses.

However, there is a wide gap between the number of tokens issued and the payout available today. Initially, each DFX can be redeemed for about 0.0104 USDT. For example, if all 1,000 DFX issued for a verified loss of 1,000 USDT are redeemed at this rate, the payout would be about 10.4 USDT.

Payout amount depends on funds in the pool

The pool currently holds about 3.11 million USDT. The reimbursement amount per DFX is calculated by dividing the pool balance by the remaining DFX supply. As a result, the current payout level could change as new funds are added to the pool.

Planned funding sources include a portion of Velocity’s daily net protocol revenue, up to 127.5 million USDT from Tether, and up to 20 million USDT from strategic partners. Recovered funds will also be added to the pool. These caps are stated separately from the amount currently held in the pool.

Tokens used for payouts today are burned

DFX tokens redeemed for USDT are burned, and the transaction cannot be reversed. Future contributions will be distributed among DFX holders who retain a claim on the pool.

In Drift’s example, if 10% of the supply is used for repayment and burned, each remaining DFX receives about 11% more of future contributions. This increase comes from dividing subsequent contributions among fewer tokens; the total payout available depends on how much new funding enters the pool.

Deadline for claiming tokens set

Users whose losses have been verified must submit their DFX claims by January 1, 2028, at 03:00 (Turkey time, TSI). Any unclaimed DFX tokens will also be burned after the claim period ends.

Crypto Platform Opens Repayment Process: Just 1% of Losses Recoverable for Now isimli makale Fatih TAŞDEMİR tarafından hazırlanmış ve koinbulteni.comda yayınlanmıştır.