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Velvet is a DeFAI operating system designed to simplify on-chain research, trading, and portfolio management. The Velvet application has been launched on BNB Chain, Base, Solana, Ethereum, and Sonic, with more than 100,000 users trading and executing DeFi strategies. It integrates multi-agent AI Co-Pilot, which can help users discover, analyze, and execute new investment opportunities using natural language. Velvet's infrastructure also allows others to create tokenized DeFi strategies and manage them through UI or API. There are currently more than 10,000 vaults created by KOLs, traders, and crypto hedge funds.

Binance, the world's largest cryptocurrency exchange, halted withdrawals on October 29, 2026 after unauthorized transfers drained one of its wallets.

Coinbase, Bithumb, Daishin Securities and Mirae Asset Global Investments each confirmed unrelated breaches within the same day, with three of the four incidents reported in South Korea.

Solana switched on its Alpenglow upgrade on October 21, 2026, replacing the way its validators agree that a transaction is final. Validators are the computers that run the network, and finality is the point where a transaction can no longer be reversed.

Velvet Capital is positioning itself as the AI brain of DeFi—an intent-based platform designed for smarter, more automated crypto asset management.
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