Welcome to the 148th issue of The Defiprime Post, a quick weekly primer covering the biggest developments around Ethereum and DeFi. This week’s issue covers events between June 4th and June 11th, 2023.
🔥 The DeFi Bulletin
- Atomic Wallet was reportedly exploited by North Korean hackers.
- The SEC accused Binance of lying to regulators and mishandling funds. The Agency also tightened its regulatory crackdown by starting lawsuits against Binance and Coinbase.
- Gensler has recently stated, “we don’t need more digital currency”.
- A judge dismissed a lawsuit against PoolTogether that claimed it operated an illegal lottery.
- The CFTC won the Ooki DAO case, which sets a precedent that DAOs can be held liable.
- Curve Finance’s CEO Egorov was sued by 3 different DeFi-focused VC firms.
- The Ethereum Foundation is calling for proposals to expand the diversity of nodes.
- Flood was recently announced as a tool for benchmarking EVM nodes.
- Lens Protocol raised $15M in funding and hopes to expand the ‘social layer’ of web3.
💵 State of the Stablecoins
- Curve Finance is now allowing people to use wrapped, staked ether to borrow $crvUSD.
💱 DEX Report
Thanks for reading, and be sure to catch the 149th issue of The Defiprime Post out this time next week! 👋♦️👋
