😤 Skeptics Decry Crypto Bill and SBF’s ‘Industry Norms Manual’ as Bad for DeFi
😤 Skeptics Decry Crypto Bill and SBF’s ‘Industry Norms Manual’ as Bad for DeFi
Hello Defiers! Here’s what we’re covering today:
News
Skeptics Decry Crypto Bill and SBF’s ‘Industry Norms Manual’ as Bad for DeFi
Mango Markets Exploiter Says Aave Could Be Vulnerable To A Similar Attack
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NFT Roundup
Podcast
Video
DeFi Explainers
Elsewhere
Inside a Social DAO: How an Online Community Becomes a Digital City: Coindesk
Possible Digital Asset Industry Standards: FTXPossible Digital Asset Industry Standards: FTX
Trending in The Defiant
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Crypto Regulation
😤 Skeptics Decry Crypto Bill and SBF’s ‘Industry Norms Manual’ as Bad for DeFi
Critics Push Back Against Potential Legislation that Would ‘Kill DeFi’
DEBATE As the cryptoverse debated a U.S. bill Wednesday that would “kill DeFi,” crypto mogul Sam Bankman-Fried floated a set of self-imposed industry standards to “create clarity and protect customers.”
👉READ THE FULL STORY IN THE DEFIANT.IO👈
Exploits
👀 Mango Markets Exploiter Says Aave Could Be Vulnerable To A Similar Attack
Proposed ‘Trading Strategy’ Would Require Hundreds Of Millions In Capital
RESPONSIBILITY Avraham Eisenberg, the trader who has claimed responsibility for the recent $116M Mango Markets exploit, has publicly revealed a potential way for highly capitalized entities to exploit the REN market on Aave V2.
👉READ THE FULL STORY IN THE DEFIANT.IO👈
Sponsored Post
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NFT Roundup
🃏 Bored Ape Dealt Marketing Jackpot by Bicycle Playing Cards
New Marketplace Airdrops ‘Care Packages’ to Collectors in Busy Week for NFTs
By yyctrader
DECK If you’ve ever played a game of poker or Go Fish, chances are you were dealt Bicycle playing cards. The century-old brand that’s a mainstay of Las Vegas casinos and used by professional magicians like David Copperfield is expanding its web3 presence with a new physical deck that will showcase the Bored Ape Yacht Club (BAYC) NFT that the company purchased in June.
👉READ THE FULL STORY IN THE DEFIANT.IO👈
TradFi + DeFi
👀 Fintech Giant Plaid Jumps into Web3
Wallet Onboard Supports Over 300 Crypto Wallets
CREDIT CARDS Plaid, a leading provider of software that allows users to link their bank accounts and credit cards with applications like Venmo, has jumped into Web3 with the introduction of technology that streamlines the integration of decentralized apps (dApps) and self-custody crypto wallets.
👉READ THE FULL STORY IN THE DEFIANT.IO👈
Defiant Video
📺 Quick Take: 'Solana Killer' Aptos (APT) is Crypto's New Controversial Chain
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DeFi Explainers
🤔 What Is Bitcoin?
A Step-by-Step Guide to the No. 1 Cryptocurrency
INNOVATION Bitcoin is the world’s first peer-to-peer (P2P) digital payment network, producing a restricted supply of BTC cryptocurrency. Its greatest innovation is the ability to transfer assets — digital tokens — from one party to another without the need of intermediaries such as banks or payment services.
👉READ THE FULL STORY IN THE DEFIANT.IO👈
Elsewhere
🔗 Inside a Social DAO: How an Online Community Becomes a Digital City: Coindesk
If I was part of any DAO, I would want it to be “Friends With Benefits.” It is just so darn cool.
🔗 Possible Digital Asset Industry Standards: FTX
This document contains a draft of a set of standards that we as an industry could enact to create clarity and protect customers while waiting for full federal regulatory regimes.
Trending in The Defiant
Outside Devcon Colombians Search For Pragmatic Ways to Use Crypto One evening last week, three students from the Universidad Sergio Arboleda arrived at a cultural center in Bogota’s chic Chapinero district to learn about cryptocurrencies.
Shortage of Goerli Testnet Ether Puts the Squeeze on Devs Developers are hoarding Goerli testnet Ether, resulting in a widespread shortage of the coin, according to data from websites that distribute tokens.
Anthony Hopkins’ Metaverse Debut Sells Out in Seven Minutes Oscar-winning actor Anthony Hopkins made his first foray into NFTs on Thursday, and collectors snapped up the 1,000 NFTs on sale within a matter of minutes.
🧑💻 ✍️ 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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DeFi Premium: Ethereum 2.0
🔥 Ether Issuance Goes Negative as Merge Delivers on Deflationary Promise
Shrinking Supply is Attracting Institutional Investors
By: Samuel Haig
PROMISE It was one of the great promises of The Merge — the Ethereum network would become deflationary.
REALITY Now six weeks after Ethereum shifted to Proof of Stake it looks like that promise is becoming reality. The network is producing negative issuance over the past 30 days, according to data from Ultra Sound Money.
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