DeFining news: June 7th, 2023

Another tough blow for Multichain Bridge as someone drained $120M from it (FYI: At this time, Multichain has no DeXe DAO assets nor the ability to mint $DEXE — our DAO’s funds are SAFU). Poly network also hacked (via a compromised multisig).

OPNX’ oUSD “credit currency” will make it easier for crypto traders to use crypto as collateral.

BarnBridge DAO is halting all work while it’s being investigated by the SEC.

When Compound Finance’s CEO stepped down (to form a new, US regulations-compliant venture), the community seemed to rejoice, with $COMP price rising and a new whale accumulating tokens.

Some Ethereum developers are proposing a “circuit breaker” that would stop token outflows above a certain predefined limit to deter hackers.

A new, BRC-69 bitcoin token standard aims to reduce Ordinals minting fees by 90%.

Popular trading platform, dYdX, is launching a testnet of its own chain next week.

Some senior executives of Binance have recently jumped ship. CZ seems unfazed.

20 EU blockchain sandbox use cases have been revealed.

TPS on Starknet’s Quantum Leap testnet are reaching triple figures.

Stay tuned!

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