The Defiant

Prism, a token that pays a share of trading fees to everyone who holds it, is relaunching on a new Ethereum contract after disclosing that an attacker spent most of July siphoning off nearly 40% of those fees. The original PRISM token, which the project is now abandoning, plunged about 91% in the 24 hours through 2:13 p.m. ET on Tuesday, compared with a 4% gain for Bitcoin, according to CoinGecko data.

Traders on Hyperliquid, the onchain exchange that settles the largest share of crypto perpetual futures volume, are trading more money through builder-deployed markets for stocks, commodities and indices than through the platform's native crypto contracts.

Robinhood pays only the gap between organic yield and a 7% target for a year; Coinbase pays market rate plus token rewards with no ceiling and no end date. By: The Defiant Team · Edited by Camila Russo • CeFi Coinbase began offering a High Yield tier on its USDC lending product paying about 7.02% APY, roughly double the 3.63% APY on its standard Core tier, days after Robinhood Earn launched a competing 7% campaign.

Bitmine and SharpLink backed the launch, and the founding team spent the past year running the Ethereum Foundation's Institutional Privacy Task Force. By: The Defiant Team · Edited by Camila Russo • Blockchains EthSystems, a startup building confidentiality tools for banks and asset managers transacting on Ethereum, launched Tuesday, backed by Ethereum treasury companies Bitmine Immersion Technologies and SharpLink Gaming.

An onchain vote to grant the DAO's veto power to a freshly elected eight-member council is passing, with the current council's mandate set to lapse on July 24 DeFi The ENS DAO is voting to install a new Security Council, moving to restore the emergency veto that protects the naming protocol after its co-founder blocked an earlier renewal last month. Nick Johnson, who goes by nick.eth, filed the executable proposal on Sunday and moved it to an onchain vote the same day on Tally.

The stablecoin protocol's founder apologized for committing to a figure 'before the funding to back it was fully secured,' and denied that he steered rewards to a wallet tied to his former employer By: The Defiant Team · Edited by Camila Russo • DeFi The founder of Cap, a Franklin Templeton-backed stablecoin protocol, apologized for cutting a promised user reward to $4.2 million from the roughly $12 million the project had committed to in February, and denied accusations that he directed...

Sablier Labs, the token-streaming and vesting infrastructure company, has stopped active product development and entered maintenance mode until June 2028, co-founder and CEO Paul Berg announced Monday. Existing streams, vesting plans and airdrops are unaffected, Berg said, because "the Sablier smart contracts are onchain and permissionless" and don't depend on the company staying in business.

A single manipulated price feed let an attacker turn 250 SAUCE tokens worth a few dollars into $9.05 million in borrowed USDC and wrapped HBAR in eight seconds. By: The Defiant Team · Edited by Camila Russo • Hacks Bonzo Lend, a lending protocol on the Hedera network, lost approximately $9.05 million after an attacker exploited a verification flaw in a third-party Supra oracle contract on July 11.

Robinhood Chain auction listings will now surface directly in the Uniswap Web App, where users can launch, browse, bid and claim tokens in one place. By: The Defiant Team · Edited by Camila Russo • DeFi Uniswap said its Continuous Clearing Auctions, known as CCA, and Uniswap Auctions tool are now live on Robinhood Chain, letting teams run fully onchain token sales on the network.

Brian Armstrong says Base pivoted away from creator tokens early in 2026 but pushed back on criticism that its new focus on AI agents is a mistake. By: The Defiant Team · Edited by Camila Russo • Blockchains Coinbase Chief Executive Brian Armstrong said Base's yearlong push into creator "content coins" failed, telling a critic on X Monday that the Coinbase-incubated network "pivoted early this year" away from the strategy. "They didn't work and we pivoted early this year.