Coin98, a leading crypto super app, has partnered with Klaytn Foundation to promote the adoption of Klaytn, a prominent Layer 1 blockchain platform, and drive innovation in decentralized finance (DeFi) in Vietnam. The collaboration aims to create a robust Web3 community in the Vietnamese market and provide users with access to a diverse range of decentralized applications and fast and convenient DeFi services.

Starknet's highly anticipated Quantum Leap upgrade has been deployed on the Ethereum mainnet, resulting in a significant increase in network speed with up to 90 transactions per second (TPS). Uri Kolodny, the CEO of StarWare, stated that this is a significant moment for the Ethereum blockchain as the scaling ceiling has been "smashed."

Multichain, a cross-chain bridge protocol, has suffered one of the largest cryptocurrency hacks to date, resulting in the loss of $125 million. Recent reports suggest that the exploit may have been an inside job. In a new twist, the firm has lost an additional $103 million which were transferred in bits to different addresses.

According to RWA.xyz, blockchain-based investment products that package U.S. Treasury bills, bonds, and money market funds into tokens have a total market value of $614 million. Digital asset investors have shown increasing interest in tokenized Treasuries as the yield on U.S. government bonds has surpassed yields in decentralized finance. Traditional finance bond yields have risen significantly due to the Federal Reserve Bank's interest rate hikes to combat inflation, while DeFi yields have plummeted. New blockchain-based Treasury products have been released this year, attracting sophisticated investors, digital asset firms, and decentralized autonomous organizations. The tokenization of real-world assets is a hot trend in the crypto industry and could reach a market value of $5 trillion over the next five years, according to wealth management firm Bernstein.

Peko Protocol, a startup focused on decentralized finance (DeFi), has raised $700,000 in a private fundraising round ahead of its mainnet launch. The round saw investment from 12 angel investors with experience in web2 and web3 industries.

A collector of nonfungible tokens (NFTs) shared a story about how a luxury watch was used as collateral for a decentralized finance (DeFi) loan, facilitated by an NFT representing the watch. The borrower sent the watch to an escrow firm, which sent back an NFT representing ownership of the watch.

Penpie, a next-generation decentralized finance (DeFi) company, has partnered with LayerZero Labs, an omnichain interoperability forum, to enhance its versatility and efficiency. The integration will provide consumers with cutting-edge technology and services, as well as dependable message transmission throughout diverse blockchains. Penpie believes that the adaptable scales of trustlessness possessed by LayerZero can potentially revolutionize sectors such as media, gaming, lending, borrowing, and trading. The newly integrated OFT-20 standard powers the PENDLE and PNP tokens, enabling unparalleled integration and remarkable token swaps through different DeFi ecosystems.

The developer of the ERC-7265 proposal has suggested that a decentralized finance "circuit breaker" could have prevented billions of dollars worth of crypto from being stolen from DeFi protocols in 2022. The proposal aims to set a standard for a smart contract with the ability to halt suspiciously large token outflows from a DeFi protocol.

Cobo's Argus protocol has seen institutional customer funds locked surpass $100 million within a week of its release, according to CEO Discus Fish. The protocol enables safe storage of token holdings and participation in decentralized finance (DeFi) activities for institutional users such as banks, asset managers, crypto funds, and mining pools. Argus version 2 (V2) was released in late June, featuring DeFi strategies authorization, team role delegation, and risk management, and is built on Safe, a decentralized crypto wallet. Argus V2 supports all open-source DeFi protocols and allows traders to use DeFi bots for automatic monetization of farming rewards, compounding, and token swapping.

July 4 (Cointime) - As the cryptocurrency market expands, more individuals are exploring how to replace traditional financial products with crypto and related technologies. Aave and Compound are well-known examples of decentralized finance (DeFi) protocols that offer crypto lending.