Turbulent Week for DeFi: Bridge Exploit Wiped $13 Billion
A massive $292M hack on KelpDAO’s bridge triggered a $14B DeFi selloff, exposing how fragile cross-chain infrastructure can be despite claims of decentralization. As trust collapsed, traders rotated into meme coins like $ASTEROID and $UNC, showing how sentiment drives crypto markets. Meanwhile, Bitcoin held strong above $76K, reinforcing its role as a safer, simpler alternative amid DeFi chaos.