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MoonPay acquires Helio Pay, Kaia Chain reshapes Web3, DeFi theft losses drop, and other Web3 news

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  • MoonPay is in advanced talks to acquire Helio Pay for $150 million, which could strengthen its Web3 presence and boost growth in the DeFi market, as Helio Pay processes over $1.5 billion annually and has over 1 million active users.
    🔗TronWeekly
  • Kaia Chain, an EVM-compatible Layer 1 blockchain backed by Kakao and LINE, aims to reshape Asia’s Web3 landscape with features like lightning-fast transactions and integration with LINE’s messaging platform for decentralized applications.
    🔗Binance
  • The annual Web3 security report by Hacken indicates that theft-related losses in DeFi dropped by 40% in 2024 due to improved security measures, while CeFi experienced a significant increase in losses exceeding $694 million due to security breaches.
    🔗Crypto Economy
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