🦹🏻♂️ Binance Smart Chain Back Online After $560M Bridge Hack
🦹🏻♂️ Binance Smart Chain Back Online After $560M Bridge Hack
Hello Defiers! Here’s what we’re covering today:
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Podcast
🎙 Wintermute's David Micley Says Institutional Investors Are Here To Stay
Video
DeFi Explainers
Elsewhere
Celsius’ Top 3 Execs Cashed Out $42M in Crypto Before Bankruptcy: CoinDesk
Three HUGE releases tonight! - The Devcon Manual! - Devcon Passport PWA - The Devcon Schedule
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Exploits
🦹🏻♂️ Binance Smart Chain Back Online After $560M Bridge Hack
Around $110M Has Been Bridged To Other Blockchains
By Owen Fernau
Another major DeFi bridge has been exploited, and Binance’s Ethereum-compatible blockchain is the target. Binance Smart Chain (BSC) has been paused after more than $500m in BNB, the Binance ecosystem’s native token, were drained from the official bridge.
👉READ THE FULL STORY IN THE DEFIANT.IO👈
DeFi Funding
🍣 Sushi Rallies After GoldenTree Discloses $5M Position
Election Of New Head Chef Bolsters Sentiment Around Troubled DEX
By: Tarang Khaitan
STAKED GoldenTree, a privately-held firm with $50B in assets under management, has bought and staked $5.2M worth of SUSHI tokens. The American asset manager disclosed its position on Oct. 5 in Sushi’s governance forum.
👉READ THE FULL STORY IN THE DEFIANT.IO👈
Sponsored Post
AMC’s The Walking Dead Signature 3D Avatars Minting on 10/5
The Walking Dead series may be coming to an end, but the Dead continue to live on in Web3. After two public sell outs of their NFT collections, Orange Comet will be releasing their Metaverse-ready, 3D hand-sculpted avatars of some of the favorite characters from the TV series. On October 5, two 5K piece mints (one public, one passholder only) will go on sale.
The Avatars feature fan-favorites Rick, Daryl, Michonne (with her pets), Carol, Mercer and more. These high-quality digital collectibles are one of the required NFTs needed to activate the gamification of the upcoming ‘The Walking Dead Lands’ metaverse; a post-apocalyptic open-world build-and-earn experience.
The cost for the public mint will be $80, priced in ETH immediately before the mint, and if you’re a Walker Access passholder, there will be an additional 0.02 ETH discount. So even if your favorite show may be ending, get your wallets ready so you can stay connected to the TWD community.
DeFi Rebounds
🧗🏼♀️ THORChain Breaks Free of Early Troubles With Move to Avalanche
Bridging Protocol Forges Partnerships in Slow and Steady Recovery From Exploits
REBOUND Despite a rough start that would have killed many young companies, THORChain continues to build and raise capital, buoyed by its unique place in the crypto ecosystem. This week, THORChain, which has a market cap of $487M, announced its integration with the Avalanche blockchain.
👉READ THE FULL STORY IN THE DEFIANT.IO👈
NFT Roundup
😼 Cool Cats Inks Partnership With Animoca Brands
Yuga Labs Unveils BAYC Community Council
By yyctrader
INVESTMENT Cool Cats, a popular collection of 9,999 feline-themed profile picture NFTs, has closed a strategic investment from Animoca Brands, the web3 gaming powerhouse.
👉READ THE FULL STORY IN THE DEFIANT.IO👈
Defiant Video
📺 Quick Take: Kim Kardashian fined for shilling. Who's Next?
📺 Markets Roundup: USD pushing lower, how will crypto respond?
Podcast Video
🎙📺 Institutions Still Lining Up to Trade Crypto During the Bear
Shoutout
Galxe is the leading Web3 credential data network in the world. This collaborative credential infrastructure enables brands and developers to engage communities and build robust products in Web3.
With Galxe, users can explore Web3 in learn-to-earn campaigns with over 700 partners. On the other hand, builders have the opportunity to create growth campaigns on a seamless, plug-in-play dashboard. Introducing Galxe Passport the one-click solution to verifying Web3 identities.
DeFi Explainers
🧐 What Is Tezos?
A Step-by-Step Guide to the Blockchain Network Specializing in dApps and NFTs
GOVERNANCE Tezos is a unique blockchain network that paves the road for dApps, decentralized applications, which are powered by smart contracts. Although the same can be said of Ethereum, Tezos is ahead of the decentralized game thanks to its on-chain governance system.
👉READ THE FULL STORY IN THE DEFIANT.IO👈
Elsewhere
🔗 Celsius’ Top 3 Execs Cashed Out $42M in Crypto Before Bankruptcy: CoinDesk
Crypto lender Celsius’ top three executives withdrew $42.13 million in cryptocurrency between May and June 2022, right before the company suspended withdrawals and filed for bankruptcy, new court records show.
🔗 DeepMind’s game-playing AI has beaten a 50-year-old record in computer science: MIT Technology Review
DeepMind has used its board-game playing AI AlphaZero to discover a faster way to solve a fundamental math problem in computer science, beating a record that has stood for more than 50 years.
Trending in The Defiant
Liquity Breaks DeFi Doldrums With ‘Chicken Bonds’ Offering It’s been some time since DeFi users have been able to work with a new type of offering. Thank the bear market for that.
Three Arrows’ Prized NFT Collection Heads For The Block Starry Night Capital, a subsidiary of bankrupt crypto hedge fund Three Arrows Capital, is moving its cherished NFT collection to Teneo, Three Arrows’ court-appointed liquidator.
What are Gas Fees? For a system to be decentralized, it must be self-funded. In other words, there is no need for outside money to make it work. Self-funding must be incentivized to be effective.
🧑💻 ✍️ 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 Alp Gasimov. Podcast was led by Camila, edited by Alp.
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