Welcome to the 176th issue of The Defiprime Post, a quick weekly primer covering the biggest developments around Ethereum and DeFi. This week’s issue covers events between December 24th and January 7th, 2024.
🔥 The DeFi Bulletin
- Orbit Chain’s bridge was hacked for $81.5M.
- Gamma Strategies suffered a $3.4M exploit.
- Levana Protocol was exploited for more than $1M.
- Thunder Terminal was exploited for 86.5 ETH.
- A crypto wallet founder lost $125K to a fake $LFG token phishing attack.
- The Block’s Research Analysts released their 2024 predictions.
- Kyber Network laid off 50% of its workforce a month after the network suffered an exploit.
- Arbitrum Orbit’s L3 chains introduced support for custom gas tokens.
- UniSat and its creator have taken opposing positions on a proposed network upgrade of Ordinals.
- John Lilic joined the Telos Foundation as an executive director.
- 2023 VC funding went down 68% compared to the year before.
- Coinbase, Galaxy, Polygon, Multicoin, and other VCs shared their 2024 funding outlook.
- Bracket Labs raised $2M in pre-seed funding, with investors including Binance Labs and NGC Ventures.
- Riema secured an angel investment for launching its data availability layer, the first layer to be Bitcoin-native.
- Our referral link provides 10% more airdropped tokens for Kinza.
💵 State of the Stablecoins
- The HKMA’s chief stated that stablecoins could become an interface between traditional finance and crypto.
- Terra, a stablecoin, and other tokens were ruled as securities, in a victory for the SEC.
Thanks for reading, and be sure to catch the 177th issue of The Defiprime Post out this time next week! 👋♦️👋
