The cryptocurrency market continued to go up last week while the overall market capitalization of digital assets exceeded 3.27 billions of dollars, an increase of 8.6% compared to the previous week.
Bitcoin (BTC) reached a summit of $ 103,600 on May 8 after recovering $ 100,000 for the first time since January. Its domination of the market also exceeded 60%, reflecting a more optimistic feeling of the BTC. This marked the third time that the BTC has crossed six figures since it reached the course on December 5, 2024, and again on January 20, inauguration of US President Donald Trump.
The increase in BTC has coincided that Trump announcing a trade agreement with the United Kingdom, which may include the abolition of a coverage rate of 10% on all imports.
In the wider cryptographic space, the upgrading of Ethereum Pectra has implemented essential improvements for the cryptographic ecosystem. The upgrade was followed by a price wave of 26% for Ether (ETH), from $ 1,800 on May 7 to more than $ 2,300 on May 9.
Bitcoin Defi sees an increase in mining participation despite the drop in TVL
Messari’s “State of Rootstock” report for 2025 has shown that the merged mining participation had reached an 81% summit in T1 2025, compared to 56.4% in the previous quarter. The rise in power has been attributed to the integration of major mining swimming pools Spiderpool and the foundry.
The influx of mining support has strengthened Rootstock’s hash power over 740 exams per second. This Total Bitcoin network hashrate exceeded recorded in October 2024, marking a more mature phase for the merged mining of the platform.
The increase in the participation of merged mines came while the Rootstock ecosystem faced opposite winds. In Q1 2025, the total value of Rootstock is locked (TVL) decreased. Its Bitcoin TVL dropped by 7.2%, while the TVL labeled in dollars dropped by more than 20% in quarter.
This reflected a wider downward trend through the DEFI sector, with TVL DEFI based on Ethereum showing a drop of 27% during the same period.
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The CEO of Hacken sees “no change” in the security of the crypto while Prur Hacks reached 357 million dollars
Crypto hacks in April experienced nearly $ 360 million in stolen assets on 18 incidents. This represented an increase of almost 1,000% compared to the amount lost in March.
The most important loss came from an unauthorized Bitcoin transfer. On April 28, the engineer of the Blockchain Zachxbt declared a suspicious transaction of Bitcoin worth $ 330 million. He then confirmed that it was a social engineering attack that targeted an elderly American.
In a Cintelelegraph interview at the TOKEN2049 event, Hacken CEO Dyma Budorini told Cintelelegraph that industry continues to rely on limited security measures even after the $ 1.4 billion piracy incident. Budorini said that space implements limited measures instead of deploying complete strategies.
“Most of the projects think:” Okay, we have made slopes. That’s enough. Maybe Bug Bounty. That’s enough. This is not enough, ”said Budorini at Cointelegraph.
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AI decentralized applications arrive for the web3 throne: Dappradar
While the game and the DEFI maintained first place in the decentralized applications ecosystem (DAPPS), artificial intelligence slowly catches up.
Blockchain Dappradar’s analysis platform has shown that games and Defi have seen 21% of DAPP domination in April. However, the DAPPS IA climbed to 16%, against 11% recorded in the February data of the platform.
“While users’ interest in artificial intelligence tools is developing in industries, DAPPs fed by AI are regularly developing their place in the decentralized ecosystem,” said Dappradar analyst Sara Gherghelas.
Gherghelas added that if the trend continues, AI could question the domination of the challenge and the game, signaling a “new era” in the DAPP landscape.
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Loans supported by Bitcoin Step “Obvious” – CEO of Xapo Bank
Bitcoin holders become more confident in the use of their BTC to borrow funds. In an interview with Token2049, the CEO of Xapo Bank, Seamus Rocca, told Cintelegraph that the moods of investors have gone from short -term speculation to a longer -term perspective on bitcoin.
ROCCA said that confidence comes from larger institutional adoption and Bitcoin price levels which are “far from” liquidation.
ROCCA said bitcoin -supported loans allow holders to remain exposed to unexpected expenses. The executive said that the smart thing to do was not to sell the assets when the price increases.
However, when life is embarrassed, Rocca said that investors can avoid liquidating their bitcoin by borrowing against assets and paying interest. In this way, they can keep assets despite the need for liquidity for their expenses.
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Presentation of the DEFI market
According to Cointelegraph Markets Pro and TradingView data, most of the 100 largest cryptocurrencies by market capitalization ended the week in the green.
The samecoin Pepe (PEPE) increased by more than 53% as the largest winner of the week, followed by the grassuated token of the Penguins (PEGGU), which increased by 47% in last week. Ether (ETH) was the third largest winner, showing a 35%increase.
Thank you for reading our summary of the most impactful DEFI developments this week. Join us next Friday for more stories, information and education concerning this dynamically advanced space.
