The Last 168 Hours in DeFi
Another big bridge exploit, and L2'22 kicks off
Some frustration from crypto investors as equity markets have rallied this week, while Bitcoin has lagged and dropped a bit. Crypto did bounce quite hard from the bottom after a major forced selloff, so a retrace is expected.
The big question is whether BTC is forming yet another bear flag, or are we seeing a bottom forming. Open interest is back at Summer 2021 levels, so leverage is up from a couple of weeks ago.
The Ethereum Merge narrative has pushed liquidity into ETH staking tokens like $LDO, $RPL, and Layer 2 tokens like OP and $METIS. The tentative date for the Ethereum Merge is September 19, and the final testnet (Goerli) happens next week.
Ethereum miners have already stated their intention for a contentious fork for the Ethereum Proof of Work chain.
Saylor is out as Microstrategy CEO
Coinbase/Blackrock partnership is big
Gucci accepting $APE
Starbucks enters Web3
Just another $1billion crypto hedge fund
Another 9 Figure Exploit - Nomad Bridge
Solana wallets drained
Tough loss for Velodrome team, they will survive
POD O’ THE WEEK:
Interesting Character, Murad, talks Bitcoin and STFX
Ethropy Wallet - ethropy.eth
Buy a Ledger Hardware Wallet (Affiliate Link)
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