DeFi
Crypto Liquidity Network Paradigm Leans Into DeFi With StarkWare
The Paradex decentralized perpetuals platform is backed by StarkWare's new appchain technology.

DeFi Protocol Conic Finance Hacked for 1,700 Ether
Security firm BlockSec said that the root cause of the attack was price manipulation caused by "read-only reentrancy."

Africa-Focused DeFi Platform Mara Releases Ethereum-Compatible Testnet
Developers in Nigeria and across Africa can build and test their decentralized applications on the Optimism forked Mara Chain.

U.S. House Republicans Introduce Crypto Oversight Bill With Changes From June Draft
The revised bill excludes a host of traditional securities from the "digital asset" category, which some say bodes ill for DeFi.

Binance Labs Invests $10M in DeFi Lender Radiant, RDNT Jumps 10%
The protocol was built on the architecture of LayerZero, which raised $120 million at a $3 billion valuation earlier this year.

Bipartisan Senate Bill Wants DeFi to Impose Bank-Like Controls on User Base
Some U.S. Senators are introducing a new bipartisan bill that would place stringent anti-money laundering (AML) requirements on decentralized finance protocols. The bill was introduced Wednesday by Sen. Jack Reed (D-R.I.) a member of the Senate Banking Committee. Mike Rounds (R-S.D.), Mitt Romney (R-UT) and Mark Warner (D-VA) are co-sponsors. "The Hash" panel discusses details from the description of the bill reviewed by CoinDesk and outlook on U.S. regulation within the crypto sector.

Stablecoin Issuer Lybra Finance Launches Arbitrum Testnet Amid Quest to Be More DeFi-Friendly
Users can now interact with Lybra’s new companion stablecoin peUSD, which is said to be more compatible with decentralized finance protocols than the protocol’s main stablecoin eUSD.

New U.S. Senate Bill Wants to Regulate DeFi Like a Bank
DeFi protocols would need to impose strict controls on their users.

Ethereum ICO Participant Transfers $116M ETH After 8 Years of Dormancy
Ether posted nominal gains in the past 24 hours alongside the broader market.

DeFi Lender MarginFi Fuels Growth With Loyalty Points, Spurring Talk of ‘Solana Renaissance’
MarginFi’s new points program has many users convinced it's the setup for a token airdrop.

