Your Weekly DeFi News in Bite-Sized Fashion

This week’s issue covers events between February 19th and February 26th, 2023.

Welcome to the 133rd issue of The Defiprime Post, a quick weekly primer covering the biggest developments around Ethereum and DeFi. This week’s issue covers events between February 19th and February 26th, 2023.

🔥 The DeFi Bulletin

• Jump Crypto counter-exploited a hacker for $140M.

• Hope Finance recently suffered an exploit, losing $2M taken from user funds.

• Galois Capital has shut down, after losing $40M to the FTX scandal.

• WalletConnect's V1 will shut down on June 28, 2023.

• Polygon Labs has cut its staff by 20%.

• Ethereum developers have scheduled the Shanghai upgrade on the Sepolia testnet for February 28th.

• ConsenSys is looking at notification service refinement with its Hal acquisition.

• Coinbase has recently launched an L2, Base, on Ethereum.

• Eclipse, a rollup provider, has launched a software to allow Solana apps to be compatible with Polygon.

• Swarm recently launched tradable stocks and bonds on DeFi.

• Perennial went live on Arbitrum.

• Synthetix V3 also went live on Ethereum.

• The TON Blockchain has frozen $2.6B worth of inactive tokens, around 20% of their supply.

• Blocto, a wallet, has closed a $80M Series A funding round.

• Beldex has raised $25M in funding, with DWF Labs leading the round.

• Chaos Labs has raised $20M in seed funding, aiming to automate on-chain risk optimization.

• Huma Finance has secured $8.3M in funding, hoping to enable borrowing against future income.

• Sentio closed a $6.4M seed funding round, with Lightspeed leading investment.

• TipLink has announced its $6M funding round, with the round co-led by Sequoia and Multicoin.

• Kaito, an AI-powered engine, has secured $5.3M in funding.

• Affine Protocol has closed a $5.1M funding round, aiming to develop DeFi yield offering.

• Gateway.fm has raised $4.6M in funding, with Lemniscap leading the round.

• $Factor, an Arbitrum-based project, has closed a $4M funding round.

• Renegade has secured $3.4M in funding, with Dragonfly leading the round.

• Tsunami Finance announced its $1.3M pre-seed funding round.

• Ammalgam has raised $750K in pre-seed funding.

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💵 State of the Stablecoins

• Frax Finance has voted to fully collateralize its $1B stablecoin.

💎 NFT News

• A lawsuit over NBA Top Shot Moments being considered unregistered securities could affect the NFT market.

• Blur has gained traction over OpenSea for the time being, with Blur recording $1.04B in volume compared to OpenSea's $479M.

Thanks for reading, and be sure to catch the 134th issue of The Defiprime Post out this time next week! 👋♦️👋