Firelight raises $8 million, expands beyond XRP as it aims to make DeFi less scary for fintechs
Reported by CoinDesk · coindesk.com · September 1, 2026
The protocol aims to give fintechs and investors a faster way to recover losses from DeFi hacks, while letting XRP, bitcoin and XLM holders earn yield by backing that protection.
What the tape says
What to watch: This report cites a concrete figure ($8 million) — compare it against the trailing trend before treating one data point as a turning point.
Market reaction today: $BTC-USD +0.14%, $XRP-USD +0.50%
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