Your Weekly DeFi News in Bite-Sized Fashion
Welcome to the 195th issue of The Defiprime Post, a quick weekly primer covering the biggest developments around Ethereum and DeFi. This week’s issue covers events between May 12th and May 19th, 2024.
🔥 The DeFi Bulletin
Sonne Finance faced a $20M exploit, with the protocol pausing its markets on Optimism.
Alex Lab, a DeFi tool, lost $4.3M in a hack. Alex Lab also offered a 10% bounty for the stolen funds.
BlockTower Capital’s main hedge fund was compromised in an attack.
Alexey Pertsev, a Tornado Cash developer, was sent to jail.
Two brothers were arrested for attacking Ethereum and stealing $25M in cryptocurrency.
Filings show that the SEC is potentially considering $ETH as a security in possible ETF denials.
The US Senate passed a measure withdrawing the SEC’s accounting bulletin.
The Wisconsin Investment Board revealed $163M in spot Bitcoin ETFs.
Buterin drafted EIP-7706, proposing a new calldata gas type.
Buterin also addressed threats to Ethereum’s decentralization in a new blog post.
Synthetix founder Kain Warwick launched Infinex, a front-end site that aims to unite DeFi ecosystems.
PancakeSwap offered to pay off interface fees for Uniswap users.
MakerDAO’s founder said that fully decentralized “PureDAI” will launch in a few years.
Lens Network is to migrate to zkSync.
LayerZero Labs’ CEO says that up to 100,000 addresses have self-reported as airdrop sybils.
Lido co-founders and Paradigm secretly backed an EigenLayer competitor.
Polymarket, a prediction market platform, closed a $45M funding round.
Shogun, an intent-centric DeFi protocol, announced its $6.9M seed funding round.
Zest raised $3.5M in funding, with the round led by Tim Draper.
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💵 State of the Stablecoins
The USDC stablecoin issuer Circle plans to redomicile to the US.
💱 DEX Report
dYdX founder Antonio Juliano stepped down as CEO.
Drift opened airdrop claims for 120M tokens, while also including an additional bonus component.
Zeta Markets, a Solana DEX, secured $5M in a token round.
Thanks for reading, and be sure to catch the 196th issue of The Defiprime Post out this time next week! 👋♦️👋