MakerDAO Mulls Proposal To Boost DAI Savings Rate

Blend Drives Surge In NFT Lending Activity

Hello Defiers! Here’s what we’re covering today:

Wintermute DeFi Operations Hacked for $160M

U.S. Legislation Would Ban Algo Stablecoins for Two Years: Report

Balina Decries ‘Bad Precedent’ After SEC Sues Influencer

👀 Defiant Premium Story for Paid Subscribers (📜Scroll to the end!)

Little Understood Trading Stratagem Quietly Siphons Money from Ethereum Users

Listen to the Exclusive Interview with Robert Lauko

DAOs are not corporations: where decentralization in autonomous organizations matters: Vitalik Buterin

‘Massive Dumping’ by Ethereum Miners Punishes ETH

Gensler Rattles DeFi With Suggestion PoS Coins are Securities

New PoW Ethereum Fork Plunges 75% Amid Flurry of Problems

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CEO Evgeny Gaevoy Says Firm Remains Solvent

 Crypto market maker Wintermute has lost $160M in a hack that targeted its DeFi operations early Tuesday. “If you have a [market maker] agreement with Wintermute, your funds are safe,” CEO Evgeny Gaevoy 

 on Twitter. “There will be a disruption in our services today and potentially for [the] next few days and will get back to normal after.”

👉READ THE FULL STORY IN THE DEFIANT.IO👈

Terra Collapse Prompts Congress to Crack Down on Dollar-Pegged Token Issuers

Influential members of the U.S. Congress appear to be working on legislation that would temporarily ban certain types of algorithmic stablecoins, according to a Sept. 21 report from Bloomberg News.

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Agency Claims Jurisdiction Over Ethereum Transactions With U.S. Nodes

 Anyone who doubted the U.S. Securities and Exchange Commission isn’t serious about expanding its scope across crypto might want to check out a lawsuit the agency filed this week.

Leading NFT Marketplace To Launch Layer 2 Deployment On Sept. 21

The launch would wed two projects which are leaders in their respective categories — Arbitrum is top among Ethereum scaling solutions known as Layer 2s with $2.5B of value locked in its smart contracts, according to 

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A Step-by-Step Guide to One of DeFi Most Influential Lending Protocols

 Maker, a crypto lender, is one of the pioneers of decentralized finance (DeFi), Maker uses smart contracts on the Ethereum blockchain to make loans based on DAI, a stablecoin.

Draft stablecoin bill in Congress to require Fed, state regulator approval: The Block

Draft legislation to create a U.S. federal framework around stablecoins would temporarily ban the types of payment coins that are not backed by outside assets — similar to TerraUSD, an algorithmic stablecoin that collapsed earlier this year.

Magic Eden CEO: ‘Very Natural’ to Expand From Solana to Ethereum NFTs: Decrypt

 for a handful of major collections, including the 

. Additional projects will be added in the days ahead.

Ever since The Merge took place on Sept. 15 investors have looked on in dismay as Ether lost a fifth of its value over the next four days.

The Merge may be complete, but the battle for legally defining Ethereum 2.0 is just beginning. Hours after Ethereum completed its historic transition to Proof of Stake technology, a top U.S. regulator said cryptocurrencies that use this approach should probably be defined as securities.

The Merge may have launched without a hitch but ETHPoW, the Proof of Work fork of Ethereum aimed at die-hard miners, is off to a troubled start.

Hello Defiers! Here’s what we’re covering today:

News

Wintermute DeFi Operations Hacked for $160M

OpenSea To Support Arbitrum NFTs

Crypto Regulation

U.S. Legislation Would Ban Algo Stablecoins for Two Years: Report

Balina Decries ‘Bad Precedent’ Afte...

🦹‍♀️ Wintermute DeFi Operations Hacked for $160M