Your Weekly DeFi News in Bite-Sized Fashion

Welcome to the 155th issue of The Defiprime Post, a quick weekly primer covering the biggest developments around Ethereum and DeFi. This week’s issue covers events between July 30th and August 6th, 2023.

🔥 The DeFi Bulletin

• The SEC sued Richard Heart, HEX, and PulseChain with charges of unregistered securities and fraud allegations.

• JPMorgan has stated that the Curve contagion is contained, but DeFi is still “shrinking or stalling.”

• Uniswap delisted HEX after the SEC sued the project.

• PancakeSwap is to share trading-fee revenue with $CAKE token stakers.

• Michael Egorov sold off more $CRV to DCFGod and others for a total of $42M.

• The Abracadabra Forum introduced a new proposal, #13.5, to adjust the interest rate for the $CRV cauldrons.

• Aave Governance also introduced a new proposal to buy $CRV tokens with its $USDT treasury.

• Trader Joe launched on Ethereum, with the $JOE token jumping 3%.

• MetaMask’s origin story was challenged in a new lawsuit.

• OKX added a new account abstraction feature to its web3 wallet.

• The Bald memecoin whipsawed in a trading session, falling 70% as the developer pulled liquidity.

• Solv Protocol closed a $6M funding round, with the round led by Nomura.

• Conic Finance raised $1M in funding, with the round led by Curve’s founder Michael Egorov.

💎 NFT News

• NFT trading is slowing down, but developers are still enthusiastic about web3.

Thanks for reading, and be sure to catch the 156th issue of The Defiprime Post out this time next week!