Bitcoin’s on-chain activity has shown a sharp slowdown since spot Bitcoin exchange-traded funds (ETFs) launched. While institutional inflows into these products have accelerated, the number of active BTC addresses has declined. As Wall Street embraces BTC exposure, the network’s grassroots participation appears to be undergoing a significant transformation. In an X post, the CEO of…
Tag: decentralized finance
DeFi Exploits Plunge 40% In 2024, But Centralized Exchange Losses Soar – Report
According to a report published today by blockchain security firm Hacken, decentralized finance (DeFi) protocols witnessed a steep decline in exploits in 2024, while centralized finance (CeFi) platforms more than doubled their losses due to security breaches. DeFi Platforms Show Better Security Mechanisms In its annual “Web3 Security Report,” Hacken outlined the general trends in…