DeFi
CRV Down 12.6% After $70M Curve Finance Exploit
Curve Finance's governance token crashed over 12.6% after its liquidity pools got exploited for aprox. $70 million.
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DeFi
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DeFi
Market Analysis
Upexi, Inc. Shares Gain in Premarket as Firm Makes Moves to Shake Up DeFi
Upexi shares jump 20% in premarket trading as the company welcomes BitMEX co-founder Arthur Hayes to its new advisory committee.
FinTech
Bank of Italy Picks Polygon to Experiment with Institutional DeFi
One of the EU's largest central banks lends credence to institutional DeFi.
DeFi
New US Bill Mandates KYC for DeFi Platforms and Bitcoin ATMs
A recently introduced bill aims to sever financial privacy from the DeFi ecosystem.
DeFi
Arbitrum-Based DeFi Project Chibi Finance Disappears With a Million Dollars
CHIBI token price dropped by 98% in the hours after the rug pull.
Crypto
Layer-2 Protocol Hydra Head Goes Live on the Cardano Mainnet
Hydra Head is a layer-2 scaling solution for Cardano that aims to increase the speed of transactions.
DeFi
Unstoppable Finance to Launch First “DeFi-Native” Bank in Europe
Unstoppable says its new stablecoin will be fully backed by reserves, in compliance with the MiCA legislation.
DeFi
MakerDAO Introduces Spark DeFi Lending Protocol For DAI
MakerDAO will launch its Spark lending protocol to DeFi users on Tuesday, May 9th.
DeFi
UK Tax Watchdog Reveals New Framework for DeFi Services
HMRC cites recent collapses in the crypto industry as main reason behind DeFi regulatory scrutiny.
DeFi
DFlow, a DeFi Payment-For-Order-Flow Protocol, Raises $5.5M
Controversial payment for order flow (PFOF) was central to GameStop's short squeeze saga. Is the model making a resurgence in decentralized form?
DeFi
MarginFi Unveils Tailored ChatGPT Model for Cryptocurrency
As opposed to other chatbots that can address general tasks, Omni is trained to respond to specific requests.
Market Analysis
Coinbase Says UK is “Web3 Innovation Hub” After Doubting DeFi Future In US
After commenting positively on the recent developments in the UK several weeks ago, Coinbase published a rough outline for the future of DeFi in the country.
Policy
Hester Peirce Says SEC Might Kill US Innovation With Exchange Act Changes
Soon after the SEC reopened the comments period for the proposed amendments to the Exchange Act that would force most DeFi platforms to register, Commissioner Peirce…