BTC news: Bitcoin bounces above $76,000 as DeFi suffers $16 billion exodus after major hack
CoinDesk
Bitcoin rose above $76,000 despite geopolitical tensions, while the DeFi sector faced a $14 billion outflow following a $292 million KelpDAO exploit.Summary
Bitcoin rebounded to over $76,000 amid global market instability triggered by rising tensions between the U.S. and Iran. While major cryptocurrencies showed resilience, the decentralized finance (DeFi) sector experienced a massive $14 billion exodus in total value locked (TVL) following a $292 million exploit of the KelpDAO protocol. This hack exposed systemic vulnerabilities, leading to significant withdrawals from major lending platforms like Aave and highlighting a growing risk-reward imbalance in DeFi markets.
(Source：CoinDesk)