Big Fear Halts DeFi Amid Gaza Strikes
DeFi platforms saw a 4% activity drop on May 5, 2025, as Gaza strikes killed 19, mostly children and women, per AFP posts on X. Investors pulled back from lending protocols, rattled by global tensions and U.S.-China trade tariff fears, which also led to UPS cutting 20,000 jobs, per Reuters. This decline questions DeFis stability in crises.
Posts found on X reflect growing unease, with users citing humanitarian fallout as a market drag. Analysts challenge the narrative of DeFi as a safe haven, warning that escalating conflicts, like Israels vow to retaliate against Houthi missile strikes, could further destabilize the sector.
Read more: http://ccxnews.com/big-fear-halts-defi-amid-gaza-strikes/
Text source: CCx News.com
