Your Weekly DeFi News in Bite-Sized Fashion
This week’s issue covers events between June 11th and June 25th, 2023.
Welcome to the 149th 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 11th and June 25th, 2023.
🔥 The DeFi Bulletin
Sturdy Finance was exploited for $800k in funds.
Two House Republicans have introduced a bill to have SEC Gary Gensler removed and have the SEC restructured as a whole.
The SEC recently released documents relating to the Hinman speech during the Ripple Labs filing.
BlackRock has touted tokenization's ‘monumental’ impact, even if it’s slow-acting.
JPMorgan stated that Ethereum could be put in the ‘other category’ by Congress.
Ethereum developers have considered raising the max validator limit from 32 to 2,048 ETH.
The BNB chain blog announced that the opBNB chain launched.
Binance Labs has invested in five incubation projects.
Uniswap recently announced Uniswap V4 and emphasized their plan to build V4 publicly.
Optimism has announced RetroPGF round 3.
Frax Finance is to launch an L2 named Fraxchain.
Frax’s founder is supporting a proposal for a buyback of FXS tokens.
Maverick Protocol, an infrastructure startup, secured $9M in funding.
Concordia, a DeFi protocol, raised $4M in funding, with the round co-led by Tribe and Kraken Ventures.
Phuture is a decentralised protocol that simplifies crypto asset investment through its on-chain index fund products; offering passive exposure with best-practice methodologies, monthly rebalancing, and optimised yields. Phuture’s product range includes Phuture DeFi Index (PDI), Colony Avalanche Index (CAI), and USDC Savings Vault (USV).
💵 State of the Stablecoins
Stablecoins and DeFi will likely be the next targets in the U.S. crypto crackdown.
Hong Kong has vowed to regulate stablecoins in a move aiming to become a central virtual asset hub.
Tether ($USDT) is to launch on Kava.
Vertex Protocol, a DEX, has been backed by Wintermute in a strategic investment round.
💱 DEX Report
Osmosis, a DEX on the Cosmos chain, has cut token inflation by 50% and is planning fee sharing.
💎 NFT News
Zora, an NFT creation platform, has launched a creator-focused L2.
Thanks for reading, and be sure to catch the 150th issue of The Defiprime Post out this time next week!