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The Defiant curates, digests, and analyzes all the major developments in decentralized finance, so that readers can stay informed and up-to-date about the most cutting-edge and fastest-changing corner of crypto and finance. It was founded in June 2019 by Camila Russo, a former Bloomberg News reporter and author of the book, The Infinite Machine.
KB Securities, Securitize, and Optimism Sign Memorandum of Understanding on Exploring Tokenization in South Korea
According to The Defiant, KB Securities, securities tokenization platform Securitize, and Optimism have signed an exploratory memorandum of understanding to advance asset tokenization in South Korea. On social media platform X, Optimism stated that its first product will be tokenized bonds; however, a blog post published on the same day mentioned two tokenized funds. South Korea's first-phase regulatory framework for this is expected to launch in February 2027.
Arbitrum Activates ArbOS 61 Elara Upgrade, Introducing Optional Compliance Filtering and Priority Fee Support for Dedicated Chains
According to The Defiant, Arbitrum officially activated the ArbOS 61 Elara upgrade on August 20, which was approved for deployment via an ArbitrumDAO governance vote. The core features of this upgrade include: introducing an optional protocol-level transaction filtering mechanism for Dedicated Chains, allowing chain owners to independently select external compliance service providers such as TRM Labs and Chainalysis to configure restricted address rules; the filter is disabled by default and does not affect existing Arbitrum One users; adding Priority Fee support, also disabled by default, with its activation on Arbitrum One still requiring a separate DAO constitutional vote; introducing the BaseFeeManager contract, which authorizes Offchain Labs to adjust the L2 minimum Gas fee within a DAO-approved range of 0.01 to 0.10 gwei over a two-year authorization period; additionally, the maximum code size limit for Stylus contracts has been increased from 24 KB to 96 KB, though this does not apply to Solidity contracts.
Ethereum NFT marketplace Foundation permanently shuts down due to failed sales transactions
According to The Defiant, the NFT marketplace Foundation has permanently shut down following the failed sale to digital art display company BlackDove. Its platform infrastructure has been taken offline, and there are currently no plans to relaunch it. Foundation’s founder, Kayvon Tehranian, stated that the company had originally hoped to extend its operations through the sale, but the deal fell through—and the team concluded there was no need to continue seeking a buyer. Foundation previously facilitated approximately $230 million in primary sales. The report notes that BlackDove, after conducting comprehensive due diligence following operational handover, decided instead to build its own proprietary marketplace. Foundation also announced it will continue providing a fixed one-year service for media and metadata hosted on IPFS; users must manually cancel their listings and withdraw their NFT assets.
Cosmos Hub Resumes Block Production, Neutron Attacker Wallet Transfers 1.23 Million ATOM
According to The Defiant, Cosmos Hub resumed operations after ceasing block production for 24 hours and 48 minutes. The Neutron attacker purchased voting power for 20,199 USDC and completed staking just 12 minutes before an expedited proposal expired; the relevant wallet subsequently transferred 1.23 million ATOM.
Core Lightning recommends unupgraded nodes run offline; a fix version has not yet been released.
According to The Defiant, the Core Lightning (CLN) maintainers for the Bitcoin Lightning Network have notified node operators that if they are unable to upgrade to the upcoming patched version, they should run their nodes offline using the --offline parameter. The team stated it will release binaries containing fixes for multiple disclosed vulnerabilities, but specific vulnerability details will remain confidential for two more weeks; as of press time, the relevant binaries and security advisory have not been published. CLN had previously noted that it received several AI-generated CVE reports over the past ten days, and the team is working with open-source contributors to verify, classify, and patch them. The latest public release is v26.06.6, issued on July 22, and the v26.09 release, originally slated for late September, continues to proceed as planned.
Boltz Founding Team Exits, Anonymous Bitcoin Team Takes Over Suspended Swap Service
According to The Defiant, Boltz announced that its original founders have all exited, and an anonymous team of "senior Bitcoin figures" will take over the suspended Bitcoin Swap service. The new team will provide funding and engineering support to fix vulnerabilities and push for the service to resume as soon as possible.
Kinetiq ends its kPoints program, switching to a paid claim model for KNTQ, causing the token price to drop over 30% at one point.
According to The Defiant, Kinetiq, a liquid staking protocol within the Hyperliquid ecosystem, announced the conclusion of its kPoints program. Rather than receiving free KNTQ tokens, point holders will obtain the right to purchase the tokens at a fixed price. Kinetiq has allocated 50 million KNTQ for this program, with a purchase price of $0.26 per token and a 10-day claim window. If fully redeemed, it is expected to generate $13 million in revenue. In terms of market performance, KNTQ traded at approximately $0.422 prior to the announcement, dropping to around $0.281 shortly after, marking a maximum decline of roughly 33%. It later rebounded to near $0.325, still representing a decrease of about 23% compared to pre-announcement levels. Kinetiq stated that any unclaimed KNTQ remaining after the 10-day period will be returned to the Kinetiq Foundation for use in ecosystem and growth initiatives. Previously, the kPoints program had distributed approximately 36.8 million points in total.
KB Securities, Securitize, and Optimism Sign Memorandum of Understanding on Exploring Tokenization in South Korea
According to The Defiant, KB Securities, securities tokenization platform Securitize, and Optimism have signed an exploratory memorandum of understanding to advance asset tokenization in South Korea. On social media platform X, Optimism stated that its first product will be tokenized bonds; however, a blog post published on the same day mentioned two tokenized funds. South Korea's first-phase regulatory framework for this is expected to launch in February 2027.
Securitize High-Yield Credit Fund HINC Launches on Solana Lending Protocol Loopscale
According to The Defiant, Securitize's tokenized high-yield credit fund HINC has officially been listed as collateral on the Solana lending protocol Loopscale, enabling accredited investors to stake HINC shares to borrow USDG stablecoins without redeeming their positions. HINC primarily holds high-yield corporate bonds and tranched CLO assets, with Neuberger Berman acting as sub-advisor (managing $613 billion in AUM). With a minimum subscription threshold of $100,000, the fund is exclusively available to accredited investors. This marks the third Securitize product integrated into Loopscale, following the prior listing of Apollo's ACRED and Securitize-listed equity token SECZ as collateral. HINC's net asset value is updated daily and recorded on-chain by RedStone, which Loopscale utilizes for pricing and liquidation triggers. Currently, Loopscale's total value locked stands at $91.3 million, with an active loan volume of $55.9 million.
Aave V4 Deposits Surpass $800 Million, Weekly Gains Reach 30%
According to The Defiant, Aave V4 user deposits reached a new high of $806 million, with a 30% increase over the past seven days. Of these, the Ethereum Core market holds $378 million in deposits, EtherFi Cash (deployed on Optimism) ranks second with $257 million, while Ethereum Global Dollar and Ethereum Prime contributed $75 million and $63 million respectively. The primary deposit assets are weETH ($97 million), USDG ($90 million), and WETH/USDC ($81 million each). V4's current active loan volume stands at $216 million, including $62 million in loans from the EtherFi market, with the utilization rate for borrowing WETH against weETH collateral reaching as high as 92%. In comparison, Aave V3's deposit scale remains at $31 billion, far exceeding V4.
Core Lightning recommends unupgraded nodes run offline; a fix version has not yet been released.
According to The Defiant, the Core Lightning (CLN) maintainers for the Bitcoin Lightning Network have notified node operators that if they are unable to upgrade to the upcoming patched version, they should run their nodes offline using the --offline parameter. The team stated it will release binaries containing fixes for multiple disclosed vulnerabilities, but specific vulnerability details will remain confidential for two more weeks; as of press time, the relevant binaries and security advisory have not been published. CLN had previously noted that it received several AI-generated CVE reports over the past ten days, and the team is working with open-source contributors to verify, classify, and patch them. The latest public release is v26.06.6, issued on July 22, and the v26.09 release, originally slated for late September, continues to proceed as planned.
Arbitrum Activates ArbOS 61 Elara Upgrade, Introducing Optional Compliance Filtering and Priority Fee Support for Dedicated Chains
According to The Defiant, Arbitrum officially activated the ArbOS 61 Elara upgrade on August 20, which was approved for deployment via an ArbitrumDAO governance vote. The core features of this upgrade include: introducing an optional protocol-level transaction filtering mechanism for Dedicated Chains, allowing chain owners to independently select external compliance service providers such as TRM Labs and Chainalysis to configure restricted address rules; the filter is disabled by default and does not affect existing Arbitrum One users; adding Priority Fee support, also disabled by default, with its activation on Arbitrum One still requiring a separate DAO constitutional vote; introducing the BaseFeeManager contract, which authorizes Offchain Labs to adjust the L2 minimum Gas fee within a DAO-approved range of 0.01 to 0.10 gwei over a two-year authorization period; additionally, the maximum code size limit for Stylus contracts has been increased from 24 KB to 96 KB, though this does not apply to Solidity contracts.
Related news
Kinetiq ends its kPoints program, switching to a paid claim model for KNTQ, causing the token price to drop over 30% at one point.
According to The Defiant, Kinetiq, a liquid staking protocol within the Hyperliquid ecosystem, announced the conclusion of its kPoints program. Rather than receiving free KNTQ tokens, point holders will obtain the right to purchase the tokens at a fixed price. Kinetiq has allocated 50 million KNTQ for this program, with a purchase price of $0.26 per token and a 10-day claim window. If fully redeemed, it is expected to generate $13 million in revenue. In terms of market performance, KNTQ traded at approximately $0.422 prior to the announcement, dropping to around $0.281 shortly after, marking a maximum decline of roughly 33%. It later rebounded to near $0.325, still representing a decrease of about 23% compared to pre-announcement levels. Kinetiq stated that any unclaimed KNTQ remaining after the 10-day period will be returned to the Kinetiq Foundation for use in ecosystem and growth initiatives. Previously, the kPoints program had distributed approximately 36.8 million points in total.
Cosmos Hub Resumes Block Production, Neutron Attacker Wallet Transfers 1.23 Million ATOM
According to The Defiant, Cosmos Hub resumed operations after ceasing block production for 24 hours and 48 minutes. The Neutron attacker purchased voting power for 20,199 USDC and completed staking just 12 minutes before an expedited proposal expired; the relevant wallet subsequently transferred 1.23 million ATOM.
KB Securities, Securitize, and Optimism Sign Memorandum of Understanding on Exploring Tokenization in South Korea
According to The Defiant, KB Securities, securities tokenization platform Securitize, and Optimism have signed an exploratory memorandum of understanding to advance asset tokenization in South Korea. On social media platform X, Optimism stated that its first product will be tokenized bonds; however, a blog post published on the same day mentioned two tokenized funds. South Korea's first-phase regulatory framework for this is expected to launch in February 2027.
Securitize High-Yield Credit Fund HINC Launches on Solana Lending Protocol Loopscale
According to The Defiant, Securitize's tokenized high-yield credit fund HINC has officially been listed as collateral on the Solana lending protocol Loopscale, enabling accredited investors to stake HINC shares to borrow USDG stablecoins without redeeming their positions. HINC primarily holds high-yield corporate bonds and tranched CLO assets, with Neuberger Berman acting as sub-advisor (managing $613 billion in AUM). With a minimum subscription threshold of $100,000, the fund is exclusively available to accredited investors. This marks the third Securitize product integrated into Loopscale, following the prior listing of Apollo's ACRED and Securitize-listed equity token SECZ as collateral. HINC's net asset value is updated daily and recorded on-chain by RedStone, which Loopscale utilizes for pricing and liquidation triggers. Currently, Loopscale's total value locked stands at $91.3 million, with an active loan volume of $55.9 million.
Aave V4 Deposits Surpass $800 Million, Weekly Gains Reach 30%
According to The Defiant, Aave V4 user deposits reached a new high of $806 million, with a 30% increase over the past seven days. Of these, the Ethereum Core market holds $378 million in deposits, EtherFi Cash (deployed on Optimism) ranks second with $257 million, while Ethereum Global Dollar and Ethereum Prime contributed $75 million and $63 million respectively. The primary deposit assets are weETH ($97 million), USDG ($90 million), and WETH/USDC ($81 million each). V4's current active loan volume stands at $216 million, including $62 million in loans from the EtherFi market, with the utilization rate for borrowing WETH against weETH collateral reaching as high as 92%. In comparison, Aave V3's deposit scale remains at $31 billion, far exceeding V4.
Core Lightning recommends unupgraded nodes run offline; a fix version has not yet been released.
According to The Defiant, the Core Lightning (CLN) maintainers for the Bitcoin Lightning Network have notified node operators that if they are unable to upgrade to the upcoming patched version, they should run their nodes offline using the --offline parameter. The team stated it will release binaries containing fixes for multiple disclosed vulnerabilities, but specific vulnerability details will remain confidential for two more weeks; as of press time, the relevant binaries and security advisory have not been published. CLN had previously noted that it received several AI-generated CVE reports over the past ten days, and the team is working with open-source contributors to verify, classify, and patch them. The latest public release is v26.06.6, issued on July 22, and the v26.09 release, originally slated for late September, continues to proceed as planned.