Welcome to the 192nd issue of The Defiprime Post, a quick weekly primer covering the biggest developments around Ethereum and DeFi. This week’s issue covers events between April 21st and April 28th, 2024.
🔥 The DeFi Bulletin
- DAO Maker hack victims still await reimbursement 3 years after the hack.
- Bitcoin miners raked in a record $100M post-halving.
- The SEC delayed making a decision on spot Ethereum ETF proposals.
- The SEC is expected to deny spot Ether ETFs next month according to industry sources.
- The SEC was also sued over Ethereum, with the prosecuting firm asking the SEC to state that Ethereum is not a security.
- Stripe is to bring back crypto payments in the next few months.
- The $SAFE token traded at $2.8B FDV after becoming transferable.
- Magic Eden launched a platform for Bitcoin Runes.
- Renzo’s $ezETH depegged 18.3% following $REZ’s tokenomics announcement.
- In response, Renzo also increased airdrop allocation.
- Samourai Wallet’s co-founders were arrested and charged with money laundering.
- GatlingX has come out of stealth, claiming that its EVM is the “most performant” parallelized EVM.
- Peter Thiel’s Founders Fund took a stake in Alliance, an accelerator.
- Movement Labs raised $38M to build an L2 blockchain on Ethereum.
- Aligned Layer closed a $20M funding round, hoping to make ZK proofs faster and cheaper on Ethereum.
- Fjord Foundry secured $15M for its $FJO token.
- Shiba Inu raised $12M in funding with a token round.
- Farm points on Napier Finance with our link.
💵 State of the Stablecoins
- According to investment bank TD Cowen, a Lummis-Gillibrand stablecoin bill would benefit issuers and could “spark M&A.”
- OpenDelta, a Bitcoin-linked Stablecoin Firm, raised $2.5M in funding.
💱 DEX Report
- Jupiter, a Solana DEX aggregator, acquired Ultimate Wallet as part of its mobile push.
Thanks for reading, and be sure to catch the 193rd issue of The Defiprime Post out this time next week! 👋♦️👋
