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Li Finance protocol loses $600,000 in latest DeFi exploit

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Li Finance (LiFi) protocol users suffered losses amounting to around $600,000, some of them have been reimbursed after a hacker exploited a bug in the project’s smart contract.

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Tether-backed Twenty One, Strike merger plan scrapped: Bloomberg

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Strike will remain a standalone company after the proposed three-way merger was scrapped, while Twenty One Capital and Elektron continue discussions, Bloomberg reported.

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Morpho launches fixed-rate lending protocol on Base

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Morpho Midnight introduces fixed rates and defined maturities alongside Morpho Blue’s variable-rate lending markets.

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Robinhood-backed DEX Arcus expands with tokenized assets, perps

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Arcus, built by the dYdX team, adds tokenized stocks and perpetual futures on Robinhood Chain as platforms compete to bring traditional assets onchain.

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