DeFi

Bernstein's headline numbers are already making the rounds, they expect Bitcoin to reclaim $125,000 by late 2026, and $300,000 at the next cycle peak in 2029. When asked the reason behind this logic, Chhugani is framing this call around what he terms the "debasement trade."

Maya Protocol lost an estimated $1.7 million in an exploit on Wednesday, and the numbers make the situation look even worse for the protocol as its Immunefi bug bounty, which covers the THORChain fork, puts the maximum payout for a critical vulnerability at just $35,000.

At first, the team described what happened as an “unexplained incident.” That didn’t last long. MANTRA later said an attacker had attempted to exploit a vulnerability in an upstream dependency software the chain relies on but doesn’t directly control.

On July 26, Michael Saylor posted Strategy's Bitcoin acquisition chart on X with a vague caption "We're gonna need another color." It was his fifth version of that post since June 22, the company's longest stretch without a confirmed Bitcoin purchase in two years.

Secret Network has been running privacy-preserving smart contracts on Cosmos since 2020, as the ecosystem had strong momentum back then, but the “environment has changed,” the team said Tuesday.