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A significant migration of over $3 billion in total value locked (TVL) has occurred following a $292 million exploit of a LayerZero-powered bridge involving Kelp, according to CoinDesk. The incident has prompted a shift in assets as stakeholders seek to secure their holdings in the wake of the security breach. The exploit highlights vulnerabilities in cross-chain bridge protocols, raising concerns about the safety of decentralized finance (DeFi) platforms and the need for enhanced security measures.

MoonPay has announced the launch of its native cryptocurrency payment platform, MoonPay Headless Onramps. According to Foresight News, this new product replaces MoonPay's previous branded hosted component model with a pure API integration, offering partners a fully white-label, customizable checkout experience. Payment channels, compliance checks, and identity verification are all managed by MoonPay in the background.
The platform supports Apple Pay, card payments, and Google Pay, and is available in the United States, the European Economic Area, and over 100 other countries. In contrast, other similar headless payment solutions are currently limited to mobile payments in the United States.

Turnkey has raised $12.5 million in a strategic investment round led by Archetype, Circle Ventures, and Sequoia Capital, bringing its total funding to over $65 million. According to CoinDesk, the new capital will primarily fund the development and public launch of Turnkey Verifiable Cloud, a secure computing product for digital assets. Other participants in the round include Bain Capital Crypto, Lightspeed Faction, Galaxy Ventures, and Variant. Turnkey specializes in wallet and key-management infrastructure for crypto applications, including non-custodial wallets and automated onchain activity.

Decentralized exchange aggregator KyberSwap has launched its Smart Settlement feature, now available on all supported EVM chains. According to Foresight News, this new functionality allows users to execute transactions without incurring additional protocol fees or requiring extra actions.
The Smart Settlement feature enhances transaction efficiency by comparing multiple candidate liquidity pools in real-time during settlement. It automatically selects the pool that yields the highest token output, thereby helping users acquire more tokens and reduce actual slippage. Additionally, the feature offers some protection against risks such as PropAMM false quotes, MEV sandwich attacks, and instant liquidity withdrawals.

Primus Labs, a zero-knowledge proof computing platform, has joined the 0G AI Alliance Carnival initiated by 0G Labs. According to Foresight News, the collaboration aims to advance the integration of AI and Web3 alongside projects like NeoSoul and Ghast AI.
Primus Labs is developing a unified verification layer for AI Agents, enabling trusted and verifiable execution across cross-chain, API, and real-world operations. The company is currently working with 0G to provide verifiable infrastructure for AI Agents, supporting their evolution from training to prediction markets and autonomous oracle networks. Additionally, users can now join the Primus AlphaNet to complete tasks and enhance their reputation scores.

According to ChainCatcher, data from Web3 asset platform RootData indicates that approximately 237.92 million ETHGAS tokens (GWEI) are set to be unlocked on May 21 at 0:00 UTC+8.

NFT series NFL ALL DAY announced it will no longer issue new NFL ALL DAY Moments. According to Foresight News, existing Moments can still be traded on the marketplace, which will continue operations without interruption. The official statement noted that until the start of the new NFL season on September 9, eligible purchases on the NFL ALL DAY marketplace will receive a 5% Dapper balance refund, with a 12-month lock on the purchased Moments. Additionally, users who currently hold NFL ALL DAY Moments will be designated as 'Founding Collectors,' a status that will be permanently displayed on NFL ALL DAY and Dapper profiles.

BNB Chain announced the launch of its on-chain autonomous agent framework on May 13. According to ChainCatcher, this framework allows autonomous agents to acquire decentralized identities through the ERC-8004 standard, conduct peer-to-peer payments, delegate tasks to other agents via ERC-8183, and build verifiable on-chain reputations on 8004scan. The entire system operates fully on-chain, ensuring transparent and auditable transactions while supporting hierarchical agent relationships.
The framework integrates various skill modules, including native BNB Chain smart contract execution, on-chain data querying through natural language, and access to over 25 blockchain networks via Nodereal's MegaNode API infrastructure. Additionally, it offers meme token management capabilities through fourdotmemezh Agent Skills. The BNB Chain Knowledge Base Model Context Protocol (MCP) enables agents to query blockchain documents and receive instant answers, extending agent functionalities to applications in DeFi and asset management.

Ink ecosystem lending protocol Tydro announced that it has migrated its pricing oracle from Chaos Labs to Chainlink Data Feeds. According to Foresight News, all markets are now supported by Chainlink data. The migration aims to enhance the decentralization and stability of the protocol, ensuring that market data is no longer controlled by a single operator.
Previously, Tydro stated that it had suspended all markets following a third-party oracle issue report, assuring users of the safety of their funds.

Aptos has announced that it is the first Layer 1 blockchain to achieve formal verification for dynamic dispatch, according to Foresight News. This verification allows the blockchain to mathematically prove its correct operation as designed. Aptos stated that AI is responsible for writing the specifications, while the Move Prover mathematically verifies their correctness, providing a foundational layer of trust for both the market and machines. Additionally, Move is the only smart contract language with native formal verification, and it now supports dynamic dispatch.

TON Network's expansion project, TAC, announced on the X platform that its cross-chain layer on the TON side was attacked by external attackers, resulting in a loss of approximately $2.8 million. According to PANews, the attack affected USDT, BLUM, and tsTON, but TAC tokens, TON, and all ERC-20 tokens bridged from Ethereum remain unaffected. The cross-chain bridge is currently paused, and a detailed analysis report is expected to be released within 48 hours. The team is collaborating with law enforcement to trace the stolen funds and plans to fully compensate users and restore bridge liquidity through a legally structured sale of TAC token treasury reserves.

Code4rena has announced plans to gradually wind down its operations. According to NS3.AI, Immunefi will assume responsibility for Code4rena's bug bounty clients and security researchers. Code4rena assured that its ongoing audit contests and bug bounty programs will proceed without interruption. Immunefi will assist in transitioning the bounty scope, rules, and reward structures.

Hyperliquid accounted for approximately 43% of all blockchain fees last week, generating around $11 million in revenue. According to NS3.AI, the majority of this revenue was derived from perpetual futures trading.

Small-scale DeFi exploits have led to the theft of nearly $6 million from six different projects this week. According to NS3.AI, Protos' hack tracker indicates that there have been 77 incidents, resulting in losses exceeding $1.1 billion so far this year.

Santiment reported that ENA whale activity has reached its highest level in five weeks. According to NS3.AI, new wallet creation on the Ethena network has also hit a three-month high, indicating the largest growth the network has experienced in this period.

Fidelity International has announced the launch of its inaugural tokenized fund, FILQ, on the Chainlink network. According to NS3.AI, this new fund will offer on-chain net asset value and distribution data, enhancing transparency and accessibility for investors.

Aave CEO Stani has expressed that the latest draft of the Clarity Act could provide U.S. DeFi developers with legal protection from obligations intended for centralized models. According to NS3.AI, Stani emphasized that clearer regulations are more crucial for the DeFi sector than yield, suggesting that the establishment of such a framework could bolster the industry.

Web3Labs Global, a Hong Kong-based Web3 service provider, has filed for an initial public offering (IPO) with the U.S. Securities and Exchange Commission (SEC) to raise up to $28 million. According to Foresight News, the company plans to issue 6.3 million shares, with a pricing range set between $4 and $5 per share. At the midpoint of this range, Web3Labs Global's market valuation would reach $141 million.
Founded in 2017, Web3Labs Global reported a revenue of $2 million for the 12 months ending December 31, 2025. The company intends to list on the Nasdaq under the ticker symbol MDAT. Eddid Securities and Futures is the sole underwriter for this transaction.

According to PANews, the pricing logic in the crypto market is undergoing a transformation, with TON and BIO emerging as new narrative assets. TON leverages Telegram's extensive user base to establish a Web2 entry point, while BIO focuses on transforming scientific research funding through decentralized science (DeSci). The market is shifting away from solely pursuing Total Value Locked (TVL) and is now betting on the future restructuring of the industry.

Aave CEO Stani recently commented on the release of the latest U.S. market structure bill draft. According to ChainCatcher, the proposed legislation aims to provide robust legal protection for DeFi developers in the United States, enabling them to build and maintain decentralized protocols without being subjected to obligations suited for centralized models. Stani noted that if the U.S. successfully implements this framework, it could set a precedent for other regions globally.
Stani emphasized that regulatory clarity is more crucial for DeFi than potential gains. The passage of the 'Clarity Act' is expected to offer significant advantages to DeFi, similar to the impact of the 'Genius Act' on stablecoins.