Is Your DeFi Pool Safe? 🥲
In today's edition: 👀 the demand from SEC to Coinbase, 💯 Ethereum’s record-breaking block rewards, 🤡 the meme coin fueling Base, and more!
What’s Poppin’?
by Samyuktha Sriram
$52 Million Drained in Curve Finance Pools Exploit
Several stablecoin pools on Curve Finance using Vyper contracts were drained due to a re-entrancy vulnerability, with millions of dollars’ worth of crypto still at risk.
Curve Exploit Results in Largest MEV Block Rewards in Ethereum’s History
MEV bots front running exploiters on Curve pools generated some of the largest reward blocks ever seen on Ethereum.
SEC Asked Coinbase to Halt All Crypto Trading Except Bitcoin: Report
The SEC believes every asset other than Bitcoin is a security, said Coinbase CEO Brian Armstrong.
$60 Million in ETH Bridged to Coinbase Layer 2 Base
A meme coin trading frenzy resulted in an influx of funds sent to the Layer 2 network, which currently cannot be bridged back to the ETH mainnet with ease.
Rep. Ritchie Torres on Why Congress Should Make Clear Crypto Laws
Daily Bits…✍️✍️✍️
📜 Massachusetts Senator Elizabeth Warren's re-introduced bill, aiming to curb cryptocurrency's use in illicit activities, gained support from The Bank Policy Institute and three other senators.
⛏️ Amid global sanctions, Russia is experiencing a bitcoin mining boom with an influx of machines, as companies like Bitmain and MicroBT capitalize on the country's favorable mining conditions.
🌐 Arbitrum DAO's community is finalizing plans for two grants programs, seeking approximately $5 million in ARB tokens from their almost $4 billion treasury for ecosystem expansion.
🔍 Despite initial controversy, Arkham Intel Exchange's crypto bounty program to identify anonymous wallet owners has gained momentum, with multiple bounties already in place to expose potential malfeasance.
🌏 Crypto firm Wintermute is expanding its presence in Asia, relocating around 4% of its workforce, including cofounder Yoann Turpin, to Singapore.
🎮 To revive the flagging Horizon Worlds metaverse platform, Meta is establishing a new in-house VR game studio, Ouro Interactive, for the creation of immersive first-party titles.
📜 Crypto.com (disclosure: Sponsor of Unchained) achieved official registration as a crypto service provider with the Dutch Central Bank, adding to its list of regulatory recognitions globally.
Bringing institutional-grade financial products on-chain, starting with the tokenization of US Treasuries and money market funds.
What Do You Meme?
Learn 🤓
Get Ahead of the Curve, the Exchange for Stablecoins
Curve Finance is the premier decentralized hub for trading stablecoins—and one of DeFi's biggest successes.
📈 Your Market Update 📉
BTC is up .4%, trading at $29,373
ETH is down .3%, trading at $1,867
BTC dominance: 46.41%
Crypto market cap: $1.23 trillion
*All data as of today, 7:08 am ET
Recommended Reads
FTX Founder Sam Bankman-Fried Maybe Hasn’t Escaped Campaign Finance Charges by Nikhilesh De
Kyle Samani on the different types of RWAs
@redphone on Telegram bots
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