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DeFi

MakerDAO Proposed to De-Peg DAI & Dump 3.5B USDC from Its Treasury

MakerDAO's co-founder Rune Christensen proposed the DAO dump all its USDC–about $3.5B worth. Christensen wants to buy ETH with the funds.

DeFi

US Treasury Sanctions Tornado Cash; Dusting Attack Follows

The US Treasury just sanctioned Tornado Cash, and a number of associated wallets. In response, someone performed a dusting attack to high profile individuals.

DeFi

Hodlnaut Puts Its Customers in Permanent Hodl Mode

CeFi platform Hodlnaut paused withdrawals and token transfers. It had $500M under management, but now it appears to be insolvent.

DeFi

Nomad Suffered Crypto's First Decentralized Hack

Last week, Nomad suffered crypto's first decentralized hack. Hundreds of strangers took over $190M from Nomad using a smart contract exploit.

DeFi

Helium Lied about it's Partners, Salesforce and Lime are out; Revenue Worries

Helium had listed Salesforce and Lime as partners—these two companies said they are not in partnership. All while Helium's revenue decline to $6.5k/month.

DeFi

Thousands of Solana Wallets Drained in Slope Wallet Hack

Thousands of Solana wallets are being emptied by a hacker in what Twitter users are calling "The Great Drain."

DeFi

Ongoing Solana Ecosystem Hack, Suspected Compromised Private Keys

There is a major ongoing hack in the Solana ecosystem, which is believed to be related to compromised private keys. Here's how to protect yourself.

NFT

VeeFriends raises $50M from a16z

VeeFriends, a top 30 NFT project from Gary Vaynerchuk, just raised $50M from investors including a16z.

DeFi

Algorand CEO is leaving, COO Moving Up

The Algorand CEO is leaving and the current COO is taking over the interim CEO position effective immediately.

NFT

Solana Opens Its Flagship Solana Spaces Store in Manhattan

Solana opened its flagship Solana Spaces store in Manhattan. The store offers DeFi education, wallet setup, and Solana apparel and NFTs for sale.

DeFi

Harmony Plans to Inflate Away Its $100M Hack Loss

Harmony proposed to reimburse victims of its Horizon bridge hack by minting ONE tokens and distributing them to the victims. ONE token holders are generally upset with this proposal.

DeFi

Audius Treasury Hacked for 18.5M AUDIO, $6M

18.5M AUDIO tokens were hacked from the Audius community treasury, worth $6M (2.5% of total token supply).

DeFi

Why the Coinbase Insider Trading Charges are a Big Deal

The SEC and DOJ have brought charges on individuals who have allegedly engaged in insider trading from within Coinbase.

DeFi

Is the KuCoin Insolvency FUD Justified?

Twitter FUDster @otteroooo accused KuCoin of being insolvent then deleted his or her account.

DeFi

Celsius Claims It Will Mine Its Way Out of Insolvency

Celsius intends to pay back its debts with income from Bitcoin mining.

DeFi

Is Optimism a Good Investment? Probably Not Right Now

Optimism's aggressive token issuance schedule makes it a tough investment, as it is expected to 10x its supply soon.

DeFi

Ethereum Is Up Big Following Good Merge News

The Merge–Ethereum's transition to Proof of Stake–remains on target for mid-September. ETH is up almost 20% since the announcement.

Bitcoin (BTC)

Russia Bans Crypto Payments

Russian President Vladimir Putin signed a bill that prohibits crypto payments in exchange for goods and services.

DeFi

Infamous Crypto Bank Celsius Files for Bankruptcy

Crypto lender and psuedo-bank Celsius just filed bankruptcy after weeks of turmoil, largely due to the fallout from Three Arrows Capital and UST.

DeFi

Three Arrows Capital Assets Details, Founders Missing

New documents reveal more info about Three Arrow Capitals holdings, and that the founders are missing from Singapore.

DeFi

Axie Ronin Hack Caused by Fake Job Offer–$540M Stolen

The Axie Infinity Ronin bridge hack was caused by an engineer opening up a fake job offer letter.

DeFi

Solana Is Being Sued for Alleged Securities Violations

Solana is facing a class action lawsuit in a California federal court. Solana is accused of allegedly selling an unregistered security–its SOL token.

NFT

Reddit and Facebook Integrate NFTs

Reddit launched an NFT avatar marketplace on Polygon, and Facebook will allow Ethereum and Polygon NFTs on user profiles.

DeFi

Roger Ver Liquidated, CoinFLEX Tokenizes and Sells his Debt

CoinFLEX has pointed the blame for their liquidity problems to a wealthy individual who owes the exchange $47M USDC. Now they've named that individual as Roger Ver.

Regulation

EU Arrives at Provisional Crypto Tracking Terms

The EU has come to terms on aggressive crypto tracking terms which will require KYC for all crypto exchanges in and out of centralized exchanges.