BlockChain News

Bitcoin strikes 103 thousand dollars, but Defi is a mixed bag: the financing has been redefined

The cryptocurrency market continued last week, as the total market value of digital assets exceeded 3.27 trillion dollars, an increase of 8.6 % over the previous week.

Bitcoin (BTCIt reached a height of $ 10,600 on May 8, after recovering $ 100,000 for the first time since January. The market dominance also increased by 60 %, reflecting more budc feelings. This represents the third time that BTC has penetrated six numbers since its arrival at the teacher on December 5, 2024, and again on January 20, before the inauguration of US President Donald Trump.

BTC’s height coincided with Trump’s announcement of a commercial deal with the United Kingdom, which may include a 10 % blanket tariff on all imports.

In the wider encryption space, ETHEREUM’s Pectra upgrade has improved improvements that affect the ecosystem for encryption. The upgrade was followedEth), It rises from 1,800 dollars on May 7 to more than $ 2,300 on May 9.

Crypto Market Cap, one year scheme. Source: CoinmarketCap

Bitcoin Defi sees an increase in mining post despite the decrease in TVL

The 2025 Messari’s “Root” report showed that the compact mining participation increased to the highest level at 81 % in the first quarter of 2025, up from 56.4 % in the previous quarter. The mutation was attributed to the main mining basin on the SpiderPool and the inception.

The ROOTSTOCK mining support flow strengthened above 740 Exhashes per second. This exceeded the total fragmentation of the Bitcoin network registered in October 2024, which represents a more mature stage for the growth of the built -in mining for the platform.

The increase in the combined mining sharing came at a time when the Rootstock system faced the opposite wind. In the first quarter of 2025, the total closed value (TVL) rejected. TVL Bitcoin decreased by 7.2 %, while TVL mold in dollars decreased by more than 20 % quarter of a quarter.

Root Overview of Q1 2025. Source: Messari

This reflects a wider landing trend across the Defi sector, where Defi TVL offers the document to Ethereum by 27 % decrease in the same period.

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Hackeen CEO “does not turn” in the security of Crypto, where Hacks April reached $ 357 million

In April, Crypto Hacks witnessed about $ 360 million of stolen assets through 18 accidents. This represents an increase of about 1000 % over the lost amount in March.

The largest loss of unauthorized bitcoin was transferred. On April 28, Blockchain Zachxbt investigator told a suspicious treatment of Bitcoin of $ 330 million. He later confirmed that it was a social engineering attack targeting an elderly American.

source: Pixchild

In an interview with Cointelegraph at the Token2049 event, the CEO of Hackeen Dyma Budorin CointeleGRAPH said that the industry continues to rely on limited security measures even after the BYBIT incident of $ 1.4 billion. Podorin said the space is implementing limited measures instead of publishing comprehensive strategies.

“Most projects believe,” Well, we did the broadcast. This is enough. Maybe Bug Bounty. This is enough. “This is not enough,” Bodurin told Cointelegraph: “This is not enough.”

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AI AI Decentralized Apps to the throne of Web3: DAPPRADAR

While games and Defi hold in the forefront of the decentralized applications system (DAPS), artificial intelligence is slowly attached.

The Blockchain DAPPRADAR analysis platform showed that games and Defi witnessed the dominance of DAPP by 21 % in April. However, AI DAPPS increased to 16 %, an increase of 11 % recorded in the February platform data.

“Since the user’s interest in artificial intelligence tools grows through industries, the DAPS, which works from artificial intelligence, steadily descends in its place in the decentralized ecosystem,” said Sarah Grillias, analyzed at DAPPRADAR.

AI DAPPS witnessed a jump in the dominance of the market this month, while market leaders decreased slightly. Source: DAPPRADAR

Gherghelas added that if this trend continues, artificial intelligence can challenge the dominance of Defi and games, indicating a “new era” in the DAPP scene.

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Bitcoin-backed loans The next step-CEO of Xapo Bank

Bitcoin holders have become more confident in using their BTC to borrow money. In an interview to Taken2049, the CEO of Xapo Bank Seamus Rocca Cointelegraph told that the mood of investors has turned from short -term speculation to a long -term look at Bitcoin.

Roca said that confidence comes from the broader institutional adoption and the levels of bitcoin prices that “are not anywhere near” the liquidation.

Roca said that bacterium -backed loans allow holders to remain exposed to the original when facing unexpected expenses. The CEO said the smart thing to do is not sell the original when the price increases.

CEO of Xapo Bank Seamus Rocca at the Media Tokeen2049. Source: Cointelegraph

However, when life is on the way, Roca said that investors can avoid liquidating Bitcoin by borrowing against assets and paying interest. In this way, they can stick to the assets despite the need for liquidity for their expenses.

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Defi market overview

According to data from Cointelegraph Markets Pro And TradingView, most of the 100 most encrypted currencies ended according to the week’s market value in green.

Mumikwin Baby (babyIt rose by more than 53 % as the largest winner of the week, followed by PUDGY (PENGU), which rose 47 % during the past week. Ether (EthHe was the third largest winner, indicating an increase of 35 %.

Total closed value in Defi. Source: Devillama

Thanks for reading our summary of the most influential Defi developments this week. Join us next Friday for more stories, visions and education regarding this dynamically advanced space.