Defi Financial News

07.07 / 21:19

defi Hackers hacks DAO DAO Attack Slash DeFi ‘circuit breaker’ could slash hack losses by 70%: Finance Redefined

Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you the most significant developments from the past week.

07.07 / 17:03

business Blockchain defi hacks $30B stolen from crypto ecosystem since 2012: Report

From 2012 to the present, over $30 billion in crypto has been hacked in 1,101 documented incidents, a July 7 report from SlowMist has revealed.

07.07 / 12:51

defi regulation Europe European Union Bitcoin Regulation MICA European trade body warns against the exclusion of DeFi from MiCA

The Association for Financial Markets in Europe (ASME), an industry advocacy group that represents wholesale market participants in Europe, called for the inclusion of the decentralized finance (DeFi) sector within the recently passed markets in crypto assets (MiCA) regulations.

07.07 / 12:51

Blockchain defi Decentralization DAO Shiba Inu Shibarium could go live in August — Developer

In a July 6 blog post, Shytoshi Kusama, the lead developer of Shiba Inu, said that the team will have discussions and possibly release the highly anticipated layer 2, Shibarium, during the Blockchain Futurist Conference, ETHToronto and ETHWomen hackathons, scheduled during August 2023 in Canada.

07.07 / 11:17

Ethereum defi Report Research zk-Rollup spot bitcoin How the spot Bitcoin ETF filings affected the crypto industry in June: Report

The news surrounding BlackRock’s application for a spot Bitcoin (BTC) exchange-traded fund (EFT) sent the asset’s price from its local lows in mid-June to a strong monthly close of +12%. To most observers, this was a sign that institutional investment into the cryptosphere is once again on the horizon. A future approval of a spot ETF combined with rate cuts from the United States Federal Reserve could provide the ideal catalysts for the next bull run.

07.07 / 06:29

Ethereum defi Smart Contracts ETH DeFi 'circuit breaker' could cut hack losses by 70% — Developer

A decentralized finance “circuit breaker” could have prevented billions of dollars worth of crypto being stolen from DeFi protocols in 2022, according to the developer of the newly published ERC-7265 proposal.

07.07 / 05:51

business defi regulation SEC us government inflation BarnBridge BarnBridge DAO calls halt to ‘all work’ on DeFi protocol amid SEC probe

BarnBridge DAO members have been told to pause “all work” related to the project after a reported probe by the United States Securities and Exchange Commission (SEC).

06.07 / 23:29

Dogecoin Blockchain Ethereum defi Hackers hacks Multichain Exploit Multichain MPC bridge sees $100M+ outflows, sparking fears of exploit

Abnormally large outflows from the Multichain MPC bridge platform on July 6 have sparked fears that an exploit could be underway. Over $102 million worth of crypto has been withdrawn from Multichain’s Fantom bridge on the Ethereum side, as well as $666,000 from Dogechain and $5 million from Moonriver.

06.07 / 19:29

Ethereum defi Testnet Ethereum Scaler Starknet Launches Testnet for Transformative 'Quantum Leap' Upgrade

The Ethereum scaling solution Starknet has rolled out the testnet for its layer-2 network.

06.07 / 17:43

Blockchain defi Social Media Decentralization DeSo offers $1M bounty for building decentralized Reddit

Via a July 6 announcement, decentralized social media protocol DeSo has issued a $1 million bounty for building a competitor to Reddit using its native blockchain. In supporting the decision, developers wrote:

05.07 / 23:45

business NFT defi Decentralized Exchange Decentralization Derivatives On-chain derivatives are DeFi’s next boom opportunity — Apollo Capital

On-chain derivatives are set to become the next big growth sector in the decentralized finance (DeFi) space, says Henrik Andersson, the chief investment officer of Australian crypto investment firm Apollo Capital.

05.07 / 22:15

Blockchain Ethereum defi DEX Cosmos Testnet dYdX exchange launches testnet for 'fully decentralized' version 4

Crypto exchange dYdX has launched a public testnet of its V4 iteration, according to a July 5 announcement from the exchange’s development team. This marks the completion of “milestone 4” out of five, paving the way for a future V4 mainnet launch.

05.07 / 17:51

Blockchain NFT defi Decentralization DeFi meets AI: Can this synergy be the new focus of tech acquisitions?

The crypto industry has faced significant challenges over the past few years, dealing with issues such as failed exchanges, regulation, collapsing projects and depegged stablecoins. These hurdles have contributed to an atmosphere of uncertainty and skepticism within the industry. However, the obstacles experienced within the space have now paved the way for new entrants, and with them, innovative solutions that continue to drive the evolution of decentralized finance (DeFi).

05.07 / 12:33

Blockchain defi Investments Commodities Investment How blockchain technology and DeFi could help solve the housing crisis

The prices of houses are sky-high all around the world, and homebuyers are feeling the pain. While affording a home has never been more difficult for many people, the ability to raise funds to construct new homes has never been easier, thanks to decentralized finance (DeFi). The newly launched Home Construction Collective is attempting to leverage blockchain’s coordination and fundraising potential in an effort to fund the construction of, and therefore increase the supply of, affordable homes.

05.07 / 12:33

Blockchain defi Hackers hacks Cybersecurity security Crypto hacks and exploits snatch over $300M in Q2 2023: Report

More than $300 million in digital assets were lost to crypto hacks and exploits in the second quarter of 2023, according to on-chain data compiled in the quarterly report by the blockchain security company CertiK.

05.07 / 10:41

Ethereum Hack defi security Smart Contract Ethereum Users Propose ERC 7265 to Thwart DeFi Hacks – How Does it Work?

Members of the Ethereum community have proposed a new standard meant to improve the security of decentralized finance (DeFi) protocols and mitigate hacks.

04.07 / 20:59

Ethereum defi Decentralization Staking Lido, Rocket Pool team members argue over decentralization

A team member for Lido has accused competitor Rocket Pool of being too centralized in a July 4 social media post. Both Lido and Rocket Pool are liquid staking protocols that allow users to delegate their cryptocurrency to validators and receive derivative tokens in exchange.

04.07 / 13:23

Hack defi network Attacker Siphons $10 Million in Crypto From Poly Network – Here's What Happened

A hacker exploited the Poly Network over the weekend and swapped out nearly $10 million in ETH, security firm Beosin revealed.

04.07 / 06:27

business defi regulation Gemini lending FTX Bankruptcy NOT Winklevoss slams DCG's Silbert — Not even SBF was 'capable of such delusion'

Crypto exchange Gemini founder and CEO Cameron Winklevoss is again threatening to sue Digital Currency Group and its CEO Barry Silbert over delays in the resolution of Genesis for its Earn customers while slamming the CEOfor allegedly trying to play the victim card.

03.07 / 21:33

Blockchain Adoption defi Altcoin Telegram privacy Messaging App TON Blockchain TON blockchain launches on-chain encrypted messaging feature

The Open Network (TON) has released an on-chain encrypted messaging feature, according to a July 3 announcement from the network’s developer, TON Foundation. The new feature allows for private messages to be sent between TON users.

03.07 / 14:15

defi hacks Scams Smart Contracts Arbitrum Rug Pull Chibi Finance $1M alleged rug pull: How it happened

On June 26, decentralized finance (DeFi) aggregator Chibi Finance was exploited by its own deployer account, and $1 million worth of cryptocurrency was drained from its contracts in an apparent rug pull or exit scam. The protocol’s official user interface disappeared, producing a 404 error, and all social media for the app was taken down. After the funds were drained, they were swapped for Wrapped Ether (WETH) and bridged to Ethereum, where they were afterward sent to Tornado Cash by the attacker.

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