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!

July 31, 2023

What’s Poppin’?

by Samyuktha Sriram

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.

MEV bots front running exploiters on Curve pools generated some of the largest reward blocks ever seen on Ethereum.

The SEC believes every asset other than Bitcoin is a security, said Coinbase CEO Brian Armstrong.

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.

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 🤓

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

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