Ethereum DeFi Makina Loses $4M in Exploit
Ethereum-based DeFi platform @makinafi lost over $4M in ETH due to a flash loan exploit, but an MEV builder intercepted most funds. #Breaking #Crypto $ETH
Defi
DeFi Protocol Pendle Revamps Governance Token
@Pendle will phase out its governance token vePENDLE in favor of sPENDLE this month, aiming for improved flexibility and adoption. #Update #DeFi $PENDLE
DeFi Revolution Launches with SUN.io’s Sun Wukong
On January 19, @SUNio rebranded to “Sun Wukong,” enhancing its cultural identity in TRON’s DeFi ecosystem, with over $490M TVL on SunSwap and 650M SUN tokens burned. #Update #Crypto $TRX
Ethereum Treasury Invests $200M in DeFi
BitMine Immersion Technologies invests $200M in MrBeast’s Beast Industries to launch a DeFi platform; BitMine shares dip 3% amid broader crypto fatigue. #Update #DeFi
Ethereum Revenue Shifts to Wallets and DeFi
Revenue in the crypto industry is shifting to user-facing applications, with DeFi protocols capturing five times the fees of blockchains; Tether leads at $563M. #Update #Crypto $USDT
DeFi Leaders Raise Alarm Over Market Bill
Markup of the Digital Asset Market Clarity Act postponed indefinitely, prompting DeFi leaders to voice concerns over potential harm to technology and developer protections. #Update #Crypto $ETH
DeFi Abandons Discord as Scams Surge
Decentralized finance protocols, including @Morpho, are moving away from public Discord servers due to phishing concerns, opting for safer communication tools like Intercom and live support chat. #Update #DeFi
DeFi Abandons Discord as Scams Surge
Decentralized finance protocols, including @Morpho, are shifting from public Discord servers to more secure communication tools due to rising phishing risks targeting users. #Update #DeFi
Ethereum Poised to Outperform Bitcoin
Ethereum’s outlook improves with potential to outperform Bitcoin, driven by rising institutional demand and stronger fundamentals. Standard Chartered forecasts $ETH at $7,500 this year. #Update #Crypto $ETH
DeFi Gains Momentum as Senators Amend CLARITY Act
Senators propose amendments to the CLARITY Act focusing on stablecoin yield and DeFi regulations as the Senate Banking Committee begins markup; results may impact crypto markets. #Update #Crypto $USDT
Crypto Bill Gains 75+ Amendments for DeFi
Over 75 amendments are proposed for the upcoming markup hearing of the crypto market structure bill, addressing various aspects including yield and DeFi sections. #Update #Crypto
Crypto Bill DeFi Provisions Mirror Patriot Act
Galaxy Research warns Senate Banking draft bill expands Treasury’s financial surveillance powers, impacting DeFi and privacy. Critics highlight unresolved compliance and privacy issues. #Update #Crypto
DeFi Trading Terminal Launches with CZ Investment
@YZiLabs invests eight figures in Genius Trading, enhancing cross-chain trading infrastructure. Genius has processed over $160M across ten blockchains, marking its public debut. #Update #Crypto $BTC
SEC Urged to Exempt DeFi Developers from Rules
@SolanaPolicy urges the SEC to exempt DeFi developers from exchange regulations, arguing it stifles innovation and pushes activity offshore. Legislation for developer protection is also underway. #Update #Legal $SOL