A Potential $80 Billion DeFi Time Bomb: Only $100 Million Detonated So Far?
A Potential $80 Billion DeFi Time Bomb: Only $100 Million Detonated So Far? Event Overview The DeFi protocol Stream Finance suffered approximately $93 million in losses after an external fund manager (Curator) was liquidated during the market crash on October 11, 2025. This caused its stablecoin xUSD to plummet by half and exposed a potential $8 billion systemic risk across the entire DeFi ecosystem. Root Causes * Flawed Curator Model: Newer DeFi protocols (e.g., Morpho, Euler) introduced "Cu...
A Potential $80 Billion DeFi Time Bomb: Only $100 Million Detonated So Far?
A Potential $80 Billion DeFi Time Bomb: Only $100 Million Detonated So Far? Event Overview The DeFi protocol Stream Finance suffered approximately $93 million in losses after an external fund manager (Curator) was liquidated during the market crash on October 11, 2025. This caused its stablecoin xUSD to plummet by half and exposed a potential $8 billion systemic risk across the entire DeFi ecosystem. Root Causes * Flawed Curator Model: Newer DeFi protocols (e.g., Morpho, Euler) introduced "Cu...
$19 Billion Liquidated in One Night: Black Swan or Liquption Crisis? Where Did the Risk Actually Hide?
The Darkest Hour The weekend of Oct 11 will live in infamy. In less than 60 minutes, cascading liquidations wiped out >US$19 bn in open interest—ten-times the previous single-day record. Centralised venues, perpetual DEXs and on-chain money-markets all flashed red. Headlines blamed “another trade-war tweet”, but the tweet was only the spark. The powder-keg had been stacked, brick-by-brick, by months of thinning liquidity, record leverage and euphoria fatigue.Trigger: Tariffs Are Old News—Why ...
$19 Billion Liquidated in One Night: Black Swan or Liquption Crisis? Where Did the Risk Actually Hide?
The Darkest Hour The weekend of Oct 11 will live in infamy. In less than 60 minutes, cascading liquidations wiped out >US$19 bn in open interest—ten-times the previous single-day record. Centralised venues, perpetual DEXs and on-chain money-markets all flashed red. Headlines blamed “another trade-war tweet”, but the tweet was only the spark. The powder-keg had been stacked, brick-by-brick, by months of thinning liquidity, record leverage and euphoria fatigue.Trigger: Tariffs Are Old News—Why ...
MetaMask’s mUSD: A 100-Million-User Trojan Horse in the $300B Stable-Coin War
Distribution Is the New Moat Another week, another stablecoin launch—but MetaMask’s mUSD feels different. While USDH (Hyperliquid) and USDe (Ethena) fight over yield, MetaMask is betting on pure reach: 100 M annual and 30 M monthly self-custody users, most of whom have never downloaded an exchange app. mUSD is the first dollar-denominated token minted natively inside a wallet, not on a centralized exchange or a Layer-1 foundation. --- How It Works Each mUSD is 1:1 backed by short-dated U.S. T...
MetaMask’s mUSD: A 100-Million-User Trojan Horse in the $300B Stable-Coin War
Distribution Is the New Moat Another week, another stablecoin launch—but MetaMask’s mUSD feels different. While USDH (Hyperliquid) and USDe (Ethena) fight over yield, MetaMask is betting on pure reach: 100 M annual and 30 M monthly self-custody users, most of whom have never downloaded an exchange app. mUSD is the first dollar-denominated token minted natively inside a wallet, not on a centralized exchange or a Layer-1 foundation. --- How It Works Each mUSD is 1:1 backed by short-dated U.S. T...
Falcon Finance (FF) Token Sale: Should You Join the Flock?
TL;DR – 7.8/10 DWF Labs’ in-house stable-coin play is already at US $1.5 B circulation, but the FF token is pure governance—no fee share. Sale is small (US $4 M), 100 % unlocked at TGE, and priced at either US $350 M or US $450 M FDV depending on whether you pre-stake USDf. Good bet if you believe in the Trump-era stable-coin narrative and RWA wave; skip if you need yield or hate headline risk around DWF.What Falcon Already DidUSDf minted: US $1.5 B (8 months, rank #8)Reserves: US $1.6 B (BTC...
Falcon Finance (FF) Token Sale: Should You Join the Flock?
TL;DR – 7.8/10 DWF Labs’ in-house stable-coin play is already at US $1.5 B circulation, but the FF token is pure governance—no fee share. Sale is small (US $4 M), 100 % unlocked at TGE, and priced at either US $350 M or US $450 M FDV depending on whether you pre-stake USDf. Good bet if you believe in the Trump-era stable-coin narrative and RWA wave; skip if you need yield or hate headline risk around DWF.What Falcon Already DidUSDf minted: US $1.5 B (8 months, rank #8)Reserves: US $1.6 B (BTC...
Who Really Owns Ethereum in 2025?
The 61 % Club—Ten Addresses, One Super-Majority As of September 2025 the top ten Ether wallets control 71.8 million ETH—about 61 % of the entire float. The twist: almost none of them are individual “whales”. Instead they are protocol contracts, exchange treasuries, ETF custodians and listed companies that have turned ETH into a yield-bearing reserve asset. Below is a field-guide to the new ownership map, bucket by bucket.1. Protocol-Layer Contracts: The Network Owns ItselfBeacon Deposit Contr...
Who Really Owns Ethereum in 2025?
The 61 % Club—Ten Addresses, One Super-Majority As of September 2025 the top ten Ether wallets control 71.8 million ETH—about 61 % of the entire float. The twist: almost none of them are individual “whales”. Instead they are protocol contracts, exchange treasuries, ETF custodians and listed companies that have turned ETH into a yield-bearing reserve asset. Below is a field-guide to the new ownership map, bucket by bucket.1. Protocol-Layer Contracts: The Network Owns ItselfBeacon Deposit Contr...
