Your Weekly DeFi News in Bite-Sized Fashion
This week’s issue covers events between June 4th and June 11th, 2023.
Welcome to the 148th issue of The Defiprime Post, a quick weekly primer covering the biggest developments around Ethereum and DeFi. This week’s issue covers events between June 4th and June 11th, 2023.
🔥 The DeFi Bulletin
Atomic Wallet was reportedly exploited by North Korean hackers.
The SEC accused Binance of lying to regulators and mishandling funds. The Agency also tightened its regulatory crackdown by starting lawsuits against Binance and Coinbase.
Gensler has recently stated, “we don’t need more digital currency”.
A judge dismissed a lawsuit against PoolTogether that claimed it operated an illegal lottery.
The CFTC won the Ooki DAO case, which sets a precedent that DAOs can be held liable.
Curve Finance’s CEO Egorov was sued by 3 different DeFi-focused VC firms.
The Ethereum Foundation is calling for proposals to expand the diversity of nodes.
Flood was recently announced as a tool for benchmarking EVM nodes.
Lens Protocol raised $15M in funding and hopes to expand the ‘social layer’ of web3.
Phuture is a decentralised protocol that simplifies crypto asset investment through its on-chain index fund products; offering passive exposure with best-practice methodologies, monthly rebalancing, and optimised yields. Phuture’s product range includes Phuture DeFi Index (PDI), Colony Avalanche Index (CAI), and USDC Savings Vault (USV).
💵 State of the Stablecoins
Curve Finance is now allowing people to use wrapped, staked ether to borrow $crvUSD.
💱 DEX Report
Thanks for reading, and be sure to catch the 149th issue of The Defiprime Post out this time next week! 👋♦️👋