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Crypto
H1 2026 crypto hacking losses top $1 billion, focus on ethereum and solana
Cryptocurrency hacking losses exceeded $1 billion in the first half of 2026, a survey showed, with the number of incidents the highest on a half-year basis. Cointelegraph, citing on-chain security firm Blockaid, said losses by network were concentrated on Ethereum and Solana. Ethereum losses were about $332 million and Solana about $326 million. The largest single case was a $292 million incident involving KelpDAO.
Crypto
Why DeFi projects that survived the 2022 crash are closing now
DeFi projects that withstood the 2022 Terra and FTX collapses are shutting down in 2026. Cointelegraph reported analysts see tougher competition within DeFi rather than broad industry consolidation. Zapper plans to end its service in July, while Botanix, Step Finance, Parsec and Odos Protocol have closed or are winding down. Data showed 101 crypto projects shut this year through July 26, over half tied to DeFi. Fee and revenue indicators have deteriorated, while some cite weak demand and others point to continued stablecoin growth.
Crypto
Crypto firms face wave of closures as bear market cuts trading and investment
A prolonged downturn in the crypto market is driving restructurings and business closures, with at least five firms this week announcing service shutdowns or bankruptcy steps. FantasyTop, Everclear and Zero Network outlined plans to halt operations, while Syndicate Labs said it would close and Bitcoin Depot entered U.S. bankruptcy proceedings. The moves have highlighted worsening liquidity and profitability pressures, even as investor interest concentrates in a few areas.
