DeFi TVL drops 39% in 2026 amid market downturn and record hack activity

DeFi TVL fell 39% in 2026 as a broader market downturn and fallout from major exploits, including the Kelp DAO hack, weighed on the sector. Source: Cointelegraph

DeFi TVL fell 39% in 2026 as a broader market downturn and fallout from major exploits, including the Kelp DAO hack, weighed on the sector. Source: Cointelegraph

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Precious metals have fallen sharply from their 2025 highs as markets price in Fed rate hikes. Source: CoinDesk

A strengthening U.S. dollar and the Fed’s hawkish turn under new chair Kevin Warsh may keep pressure on crypto through the summer. Source: CoinDesk

Internet Computer (ICP), up 2% from Tuesday, joined Aave (AAVE) as a top performer. Source: CoinDesk

The former CEO of the world’s largest crypto exchange is seeking to redefine himself to the world on his own terms. Source: CoinDesk

Geoff Kendrick said Aave has moved past April’s cyberattack-related market disruption and is well positioned to benefit from growth in tokenized assets and DeFi. Source: CoinDesk

Cardano wallet SecondFi traced the incident to an address-level issue and secured 129 million ADA after attackers drained funds from 374 addresses. Source: Cointelegraph

Arthur Hayes put out a bull case for the CARDS token, and the Clarity Act is facing some surprising opposition from a new group. Source: Decrypt

Cboe launched its first prediction market product tied to the S&P 500 index, citing a growing investor demand for binary options contracts. Source: Cointelegraph