🦹♀️ It Only Took An Hour for MEV Bot to Lose $1.4M in Brazen Heist
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Trending in The Defiant
The open economy is taking over the old one. Subscribe to keep up with this revolution. Click here to pay with DAI (for $100/yr) or sub with fiat by clicking on the button below ($15/mo, $150/yr).
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ZetaChain is the first public L1 blockchain that natively connects with any chain and layer including Bitcoin and Dogecoin without wrapping or bridging assets. Dive into the docs to start building the future of multichain.
Ref Finance: Largest DEX on NEAR. DeFi Hub of NEAR. The DEX connecting across many chains. Efficient liquidity to users. Accumulative trading volume $4.7B+.
‘We Got Careless’ Victim Tells Hacker in Bid to Recover Lost ETH
By Samuel Haig
BOT OPERATOR An MEV bot operator made 800 ETH in a single transaction on Sept. 28, before losing a whopping 1,100 ETH just one hour later, according to Bert Miller, the product lead of Flashbots, an MEV research team.
Entrepreneur Bets Music is Untapped Niche in NFT Market
HUSTLE In high school, Cooper Turley was flipping Pokemon and Yu-Gi-Oh! trading cards for profit. His hustle has found several outlets since — journalist, DJ, trader, co-founder and investor.
MUSIC Now, with $10M in hand — some of it his, some of it from millionaire crypto founders and investors — Turley has landed his next project: Changing the economics of making and enjoying music.
Web3 companies are creating game-changing innovations, but they need a trusted dollar digital currency to bridge the gap into new blockchain network infrastructure.
USDC has become an integral piece of this Web3 equation, helping bring a stable and transparent, dollar-denominated payments infrastructure to the apps and markets pioneering the future of the internet. With weekly published reserve attestation reports, holders of USDC know it is always redeemable for $1.
As one of the fastest-growing stablecoins in the world, USDC empowers crypto finance apps, NFT marketplaces, and Web3 companies with a reliable, easy-to-use on and off ramp for digital assets. USDC is a stablecoin infrastructure built for the future of Web3.
Learn more about the businesses and apps being built on USDC at Circle’s USDC Ecosystem Hub.
Upgrades Aim to Make ATOM the Reserve Currency of the Ecosystem
VALUE Cosmos, an ecosystem of interconnected blockchains whose ATOM token has surged 21% in the last 30 days, is planning to restructure its tokenomics to drive more value to ATOM and better secure its network of chains.
ECB President Lagarde Supports Stricter Regulation of DeFi
NUANCED Jerome Powell may not be totally down with DeFi but he isn’t taking the hard line other regulators are pursuing in the latest crackdown on crypto. That was the upshot from a forum on the tokenization of finance hosted by the Banque de France in Paris on Tuesday. Powell, the chair of the Federal Reserve, presented a nuanced stance on DeFi.
Beta Version Allows Gasless Swaps on Layer 2 Blockchain
By Samuel Haig
BOOST In a move that could boost web3 adoption at a time of mounting doubts, Robinhood, the popular stock trading app, launched a beta version of its non-custodial wallet on the Polygon network on Sept. 27.
Bear Market Fallout
Embattled Crypto Lender Froze Customer Assets In June
Alex Mashinsky, the CEO of bankrupt crypto lender Celsius, has resigned, the company announced Tuesday.
A Step-by-Step Guide to the ‘Decentralized Oracle’
FLEXIBLE For blockchains to provide a secure and immutable record — a public ledger — they have to be self-contained. Otherwise, outsiders could compromise it and hurt the value of the digital assets they support. This isolation prevents blockchains from being flexible.
The surging dollar is wrecking stock portfolios, clobbering commodity prices and sinking rival currencies.
Zach Dexter will move up from heading FTX's U.S. derivatives unit to take over the entire operation in the wake of president Brett Harrison's departure, a person with direct knowledge of the matter told The Block.
Trending in The Defiant
More Than 80% of Ethereum Miners Pull the Plug After Merge Eight out of 10 Ethereum miners appear to have gone offline after The Merge, according to data from 2miners, a website tracking the hash rate of Proof of Work networks.
Sifu Resurfaces with New Money Market Protocol Few DeFi players are as irrepressible as Sifu. Undeterred by his exposure in January as the co-founder of QuadrigaCX, the infamous crypto exchange that lost $190M in customer deposits in 2019, Sifu launched a token last February.
Pound Gets Rugged + Huge Week For Crypto Markets Good Monday, and if you’re dreading the working week ahead, you can at least take comfort in the fact you’re not UK’s Kwasi Kwarteng, whose latest raft of proposed tax cuts, specifically benefitting the nation’s highest earners, appear to have triggered the sharpest sell-off in the pound in almost 40 years.
🧑💻 ✍️ Stories in The Defiant are written by Owen Fernau, Aleksandar Gilbert, Samuel Haig, and yyctrader, and edited by Edward Robinson, yyctrader and Camila Russo. Videos were produced by Robin Schmidt and Alp Gasimov. Podcast was led by Camila, edited by Alp.
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