DeFi
Trump-Themed ‘DJT’ Token, Issued by Martin Shkreli, Suddenly Dives 90%
A single wallet sold $2 million worth of the token earlier Tuesday, causing market capitalization to fall from $55 million to as low as $2 million almost instantly.
Defi Giant Aave Rakes in $6M in Revenue as Crypto Market Plunges
Aave shows defiance during the sell-off by profiting off user liquidations.
Kujira Foundation's Tokens Stung by Its Own Leveraged Positions as Bets Backfire
The developers said the team’s positions were “targeted” and they will create an operational DAO to take ownership of the Kujira Treasury and core protocols.
DeFi Protocol Convergence Hacked, CVG Token Plunges 99% on Curve
The exploiter created 58 million of the protocol's CVG token and then swapped for roughly $200,000 worth of wrapped ETH and crvFRAX and forwarded to Tornado Cash.
Crypto Lending Firm Morpho Bags $50M in Funding Round Led by Ribbit Capital
The strategic funding round included a16z, Coinbase Ventures, Variant, Pantera and Brevan Howard.
Financial Building-Blocks: Structured Products and Blockchain
From significant cost reductions to enhanced composability, and improved accessibility, Christine Cai, Co-Founder of Cicada Partners, and Alexander Szul, CEO of Rome Blockchain Labs, argue the technology can revolutionize the way structured products are issued, managed and distributed.
Defi Protocol LI.FI Struck by $11M Exploit
The exploit is reported to be related to the LI.FI bridge.
Tornado Cash Co-Founder Alexey Pertsev Denied Bail by Dutch Court
Pertsev sought bail to allow him to prepare for his appeal to the verdict in May which found him guilty of money laundering.
Exponential.fi Wants to Make It Easier to Invest in DeFi
The platform aims to make it easy to identify opportunities, bridge fiat, assess risk, and invest in crypto all-in-one.
Compound Finance, Celer Site Compromised in Phishing Attack
The website leads to a phishing page that could drain user funds, but the actual protocol remains unaffected.
