POPA Recon🦑 SQUID DIGEST 📰
🦑 SQUID DIGEST 📰 June 16, 2026 Crypto insurers’ TVL fell from $1.9B to < $100M as Coinbase, Polygon, HYPE ETFs and Chainlink fuel the next DeFi wave. 🔴 $BTC: $66K (-1.05%) · 🔴 $ETH: $1.8K (-1.43%) · 🔴 $OPEN: $0.33 (-2.02%) 🔥 Crypto's insurance sector has collapsed from $1.9B to under $100M in TVL despite $840M in exploit losses during the first five months of 2026, exposing DeFi's growing protection gap 💬 "DeFiLlama’s insurance category has about $97.7M of TVL, and $82.7M of that is Nexus Mutual; Sherlock, InsurAce, Bridge Mutual and Risk Harbor are basically dust." — Benthic ✉️ Web · ⚙️ G…
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