Category: DeFi

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Monad Labs Raises Huge $225M, with Paradigm as Main Investor

Monad Labs Secures $225 Million Funding Round Led by Paradigm Monad Labs secured $225 million in a financing round spearheaded by Paradigm. The funds will support the creation of a swifter iteration of the Ethereum blockchain, aligning with current DeFi applications. The funding will primarily fuel the advancement of Monad Labs’ accelerated Ethereum blockchain. This […]
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U.S. SEC Approves Rule Expansion, DeFi Could Feel the Effects

On Tuesday, the Securities and Exchange Commission approved a final rule that DeFi advocates criticize as “hostile” to the sector. This rule might force projects to register as dealers. The U.S. Securities and Exchange Commission (SEC) broadened its definition of a dealer today, aiming to encompass a wider range of financial operations under its jurisdiction. […]
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How to stop criminals from Misusing DeFi: Insights from polygon labs

Polygon Labs, the primary architects of the blockchain scaling network Polygon, released a research paper on Monday outlining their perspective on government regulation of the DeFi sector. With voices of concern echoing from the Treasury Department to the U.S. Senate, policymakers have been vocal about the potential misuse of cryptocurrencies for activities such as money […]
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December Month Hacks Adds To 2023’s $1.77B Crypto Loss

TL;DR In December 2023, crypto losses totalled $103.88M across 32 attacks, a 59% decrease compared to the previous month. The 2023 yearly loss amounted to $1.77B from over 440 hacking incidents, showcasing the prevalent vulnerability in the crypto space. Rug pulls and smart contract vulnerabilities contributed to being the prime contributors, constituting 21%, and code […]
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Raft Suffers $3.3M Exploit That Drove Down Stablecoin 50%

Decentralized finance (DeFi) platform Raft lost some $3.3 million in ether (ETH) after being hacked Friday afternoon – but the attacker may have suffered a loss on the heist. On-chain data shows that the attacker drained 1,577 ETH from Raft, then sent 1,570 ETH to a burn address – destroying most of the stolen assets and leaving […]
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