From July 1st MiCA rules wil be enforced, only licensed providers will be able to operate legally in Europe.

We’re sharing our completed post-mortem on the April 18th incident, prepared with @Mandiant and @CrowdStrike. We are publishing both an executive summary and the full report at the link below. Over the past four weeks, we’ve worked with hundreds of partners to help them understand their current security posture, and harden it where appropriate. We’ll continue this work, alongside taking additional proactive steps for the benefit of not only our partners, but also the ecosystem as a whole. We want to extend our thanks to our partners for their support and patience this past month. There’s a reason that over $12 billion has moved across the network in the past four weeks, and why the world’s most valuable asset issuers have stood by our side: they believe in us, in what the LayerZero protocol has to offer, and in the value of modular, isolated, application-controlled security. The work continues. And we look forward to continue showing up for the applications that trust us with their business, as well as the broader ecosystem. layerzero.network/blog/layer…

Why are some protocols targeted and others aren’t? Uniswap. Curve. Aave. Liquity… None of them are attractive targets for this kind of attacks, because compromising their signers can’t drain the protocol. Drift’s multisig could introduce new collateral. So the 6month plan was to: Compromise the signers → drain everything. Multisigs are fine for operational tasks, but they’re not fine when they control collateral introduction or core protocol upgrades. You can’t train your team to avoid a 6-month intelligence operation with $1M in real deposits and in-person meetings. But you can architect your protocol so it doesn’t matter if they succeed. Thanks for the transparency @DriftProtocol and wishing you all the best for the upcoming investigations 🤝 Let’s make DeFi safer together. - xerberus

1/ 🚀 Today we’re excited to introduce the Livepeer Foundation: a new, neutral entity stewarding the next phase of growth, decentralization, and ecosystem coordination across the Livepeer network.

OFAC forced to cancel ban on Tornado Cash

On July 31st 2023, Alchemix's $alETH synthetic was impacted by the now infamous Curve reentrancy vulnerability. Thanks to the help of the wider community we managed to claw back everything the hacker stole, but the hacker left a mess, with over 4000 alETH and ~0 ETH in the Curve pool, making a feast for MEV bots. The aftermath left our team demoralized, with our efforts to restore its price repeatedly stymied by the alETH lost to the MEV bandits. It has been a long recovery process to grind back up, requiring direct market action from our treasury, protocol mechanisms, and focused effort from our BD team. It is now getting close to being near it's price target of 0.99~ ETH, sitting at ~0.97 now. I thought it was over at times. I struggled with mental health that spilled over into chronic physical pain that I am still dealing with to this day. But thankfully, with the support of my team, my friends, and the @AlchemixFi community, we stuck it out and survived. Now I am filled with hope and excitement as our team is nearing completion of our upcoming v3 -- a revolutionary and innovative new version that will fundamentally change Alchemix and extend the reach and scope of it, along with introducing new DeFi primitives. It's still got a little more cooking to do and then audits and the like, but the light is at the end of the tunnel. As we get closer to launching it, we will share all the details, and I hope that you, too, will be as excited as I am for it. Thanks to everyone who has supported me and the team in our darkest hours. We aren't fucking leaving.

[ ZOOMER ] US COURT RULES SANCTIONS AGAINST TORNADO CASH SMART CONTRACTS UNLAWFUL

Congratulations @benjamincowen for the BTC.D call that you have been consistently following for almost 3 years now. Probably the only analyst out there calling for such an event. It's been a great journey following it along! I wish 60 % won't keep you up... At least tonight.

Hi

MKR has been down only since the rebrand announcement, losing 33% of its market price. Normally, this isn’t a huge issue. It’s just crypto being crypto. But Rune is borrowing against his MKR, and is now withdrawing large amounts from governance staking to shore up his positions

The US is already able to demix funds sent through Tornado cash, but Alex Pertsev is still in jail.

Decentraland twitter account compromised, please do not click any links

When they really want to know what is going on, they call the king 👑

1/6 Today, we’re launching The Alpha Challenge, a two-week experiment for the crypto community to test their on-chain analysis skills and for Wintermute to hire top talent We've also collaborated with six companies to provide exciting awards for those who will not be hired👇

Unemployment rate at 4.3%. The Sahm rule indicator just got triggered. This indicator triggered unequivocally in all past recessions.

In a victory for the industry, a US federal court dismissed several #SEC claims against #Binance, ruling that: 1) Crypto tokens are not securities, 2) BNB sales on secondary exchanges were not adequately alleged to be securities, 3) BUSD is not a security. Read more ⤵️ binance.com/en/blog/regulati…

Last week we saw a 2nd blob inversion event where L2s incurred an overpayment of ~166 ETH by including data in batches as blobdata instead of calldata. The team at Blocknative dug into the data to help understand what happened and why it happened. 🧵👇 blocknative.com/blog/june-20…

1/ Michael Egorov(@newmichwill) was liquidated ~140M $CRV($36.5M) today, but he did not seem to lose anything, as he had already cashed out and bought a mansion in 2023. The losers are $CRV holders and investors who bought $CRV at $0.4 via OTC in August 2023.

Hacker striked twice -.-

Funds are not Sifu