Moonwell Hack: $1M Lost After Chainlink Flaw, WELL Crypto Slumps To 2025 Lows

Berachain Foundation has successfully recovered $12.8 million that was lost during the Balancer V2 exploit on November 3. This remarkable recovery is one of the few instances of full restitution following a significant decentralized finance hack in 2025.

Cardano is in the spotlight again as its price has dropped below $0.57, raising concerns about network activity and investor confidence. Co-founder Charles Hoskinson was reported to have blamed the community for the decline in DeFi activity, but he has since clarified that those claims misrepresent his views.

Bitcoin's price has dropped below $103,700, marking its lowest point since June. This decline comes amid significant liquidation waves in the crypto market, with over $1.27 billion in leveraged positions affected. Additionally, the market is reeling from a recent $128 million hack involving the market maker Balancer.

Chainlink's LINK has dropped 6% as a technical breakdown signals potential further decline, with predictions suggesting it could fall to $14. This downturn comes despite the recent partnership with UBS and FTSE, highlighting a broader bearish trend in the market.

Chainlink has launched CRE, a new solution designed to accelerate the tokenization process for institutions. This innovative tool allows smart contracts to operate across different blockchains while integrating with traditional financial messaging standards, enhancing access to Chainlink's extensive services.

Balancer, a prominent decentralized finance protocol, has been hit by a major exploit, resulting in the theft of approximately $116 million from its vaults. This incident highlights the vulnerabilities in DeFi systems and raises concerns about the security of digital assets. The stolen funds, including significant amounts of WETH, osETH, and wstETH, were transferred to an external wallet, indicating a well-coordinated attack. As Balancer confirms the breach, the incident serves as a stark reminder of the risks involved in the rapidly evolving world of cryptocurrency.

OKX has announced a partnership with Chainlink to enhance its X Layer by integrating Chainlink's cross-chain services. This collaboration aims to bridge the gap between traditional finance and decentralized finance (DeFi), making financial services more accessible and efficient. This is significant as it represents a step forward in merging conventional financial systems with innovative blockchain technology, potentially transforming how users interact with their finances.

The SUI token has experienced a significant decline as a $116 million DeFi exploit has shaken the crypto markets. With traders offloading their assets, the token broke through key support levels and saw a trading volume that was 68% above average.

Charles Hoskinson, the founder of Cardano, recently addressed misleading headlines suggesting he blamed ADA users for the network's decentralized finance issues. In a video released on November 3, he clarified that his comments were misinterpreted, emphasizing a structural mismatch in participation within the ecosystem.

Bitcoin is at a crucial point as China has decided to suspend a 24% tariff on U.S. goods. This move could potentially boost the cryptocurrency market, providing a favorable environment for Bitcoin to thrive.

Solana's price has dropped significantly, falling below the $165 mark and now trading around $150. The bearish trend suggests further declines could occur unless bulls step in to defend these critical support levels.

Microsoft has shared insights on the challenges facing AI development, particularly focusing on the availability of power in data centers. As AI technology continues to advance, ensuring sufficient energy supply becomes crucial for sustaining operations and innovation.

Ethereum's price has been struggling recently, falling below $4,000 due to bearish trends influenced by Bitcoin's decline. Analysts are predicting a potential breakdown, with some suggesting a recovery followed by a crash. The outlook remains grim as the second-largest cryptocurrency faces increasing pressure.

The recent NYC election has seen significant financial losses for those betting against candidate Mamdani, with Polymarket contracts dropping nearly $1 million. This downturn highlights the unpredictable nature of political betting and the risks involved.