Your Weekly DeFi News in Bite-Sized Fashion
Welcome to the 176th issue of The Defiprime Post, a quick weekly primer covering the biggest developments around Ethereum and DeFi. This weekâs issue covers events between December 24th and January 7th, 2024.
đ„ The DeFi Bulletin
Orbit Chainâs bridge was hacked for $81.5M.
Gamma Strategies suffered a $3.4M exploit.
Levana Protocol was exploited for more than $1M.
Thunder Terminal was exploited for 86.5 ETH.
A crypto wallet founder lost $125K to a fake $LFG token phishing attack.
The Blockâs Research Analysts released their 2024 predictions.
Kyber Network laid off 50% of its workforce a month after the network suffered an exploit.
Arbitrum Orbitâs L3 chains introduced support for custom gas tokens.
UniSat and its creator have taken opposing positions on a proposed network upgrade of Ordinals.
John Lilic joined the Telos Foundation as an executive director.
2023 VC funding went down 68% compared to the year before.
Coinbase, Galaxy, Polygon, Multicoin, and other VCs shared their 2024 funding outlook.
Bracket Labs raised $2M in pre-seed funding, with investors including Binance Labs and NGC Ventures.
Riema secured an angel investment for launching its data availability layer, the first layer to be Bitcoin-native.
Our referral link provides 10% more airdropped tokens for Kinza.
đ” State of the Stablecoins
The HKMAâs chief stated that stablecoins could become an interface between traditional finance and crypto.
Terra, a stablecoin, and other tokens were ruled as securities, in a victory for the SEC.
Thanks for reading, and be sure to catch the 177th issue of The Defiprime Post out this time next week!