🦹‍♀️ It Only Took An Hour for MEV Bot to Lose $1.4M in Brazen Heist

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Exploits

🦹‍♀️ It Only Took An Hour for MEV Bot to Lose $1.4M in Brazen Heist

‘We Got Careless’ Victim Tells Hacker in Bid to Recover Lost ETH

By Samuel Haig

BOT OPERATOR An MEV bot operator made 800 ETH in a single transaction on Sept. 28, before losing a whopping 1,100 ETH just one hour later, according to Bert Miller, the product lead of Flashbots, an MEV research team.

👉READ THE FULL STORY IN THE DEFIANT.IO👈

NFT Funds

🎼 Turley’s Venture Fund Musters $10M For NFT Play

Entrepreneur Bets Music is Untapped Niche in NFT Market

By Aleksandar Gilbert

HUSTLE In high school, Cooper Turley was flipping Pokemon and Yu-Gi-Oh! trading cards for profit. His hustle has found several outlets since — journalist, DJ, trader, co-founder and investor.

MUSIC Now, with $10M in hand — some of it his, some of it from millionaire crypto founders and investors — Turley has landed his next project: Changing the economics of making and enjoying music.

👉READ THE FULL STORY IN THE DEFIANT.IO👈

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DeFi Upgrades

🌌 Cosmos Poised To Revamp ATOM Tokenomics

Upgrades Aim to Make ATOM the Reserve Currency of the Ecosystem

By yyctrader

VALUE Cosmos, an ecosystem of interconnected blockchains whose ATOM token has surged 21% in the last 30 days, is planning to restructure its tokenomics to drive more value to ATOM and better secure its network of chains.

👉READ THE FULL STORY IN THE DEFIANT.IO👈

DeFi Regulation

🏦 Powell Strikes Conciliatory Tone on DeFi

ECB President Lagarde Supports Stricter Regulation of DeFi

By Tarang Khaitan

NUANCED Jerome Powell may not be totally down with DeFi but he isn’t taking the hard line other regulators are pursuing in the latest crackdown on crypto. That was the upshot from a forum on the tokenization of finance hosted by the Banque de France in Paris on Tuesday. Powell, the chair of the Federal Reserve, presented a nuanced stance on DeFi.

👉READ THE FULL STORY IN THE DEFIANT.IO👈

Web3

🏹 Robinhood Web3 Wallet Goes Live On Polygon

Beta Version Allows Gasless Swaps on Layer 2 Blockchain

By Samuel Haig

BOOST In a move that could boost web3 adoption at a time of mounting doubts, Robinhood, the popular stock trading app, launched a beta version of its non-custodial wallet on the Polygon network on Sept. 27.

👉READ THE FULL STORY IN THE DEFIANT.IO👈

Bear Market Fallout

👀 Celsius CEO Mashinsky Resigns

Embattled Crypto Lender Froze Customer Assets In June

By Aleksandar Gilbert

Alex Mashinsky, the CEO of bankrupt crypto lender Celsius, has resigned, the company announced Tuesday.

👉READ THE FULL STORY IN THE DEFIANT.IO👈

Defiant Video

📺 Tutorial: Tinder for NFTs

Podcast

🎙 Reviewing Ethereum 2.0 a week after The Merge

DeFi Beginners

⛓ What Is Chainlink?

A Step-by-Step Guide to the ‘Decentralized Oracle’

By Rahul Nambiampurath

FLEXIBLE For blockchains to provide a secure and immutable record — a public ledger — they have to be self-contained. Otherwise, outsiders could compromise it and hurt the value of the digital assets they support. This isolation prevents blockchains from being flexible.

👉READ THE FULL STORY IN THE DEFIANT.IO👈

Elsewhere

🔗 Currencies around the world are tumbling. Except Bitcoin: The New York Times

The surging dollar is wrecking stock portfolios, clobbering commodity prices and sinking rival currencies.

🔗 Zach Dexter to head FTX U.S. as the crypto exchange moves to Miami: the Block

Zach Dexter will move up from heading FTX’s U.S. derivatives unit to take over the entire operation in the wake of president Brett Harrison’s departure, a person with direct knowledge of the matter told The Block.

1/ 100+ Members.

We launched 4 years ago and have grown our membership to represent the leading investors, companies, projects, & protocols across the American #crypto economy.

We’re proud to celebrate their commitment. https://t.co/m9RoQCtv9Y pic.twitter.com/izAraBmIiK

— Blockchain Association (@BlockchainAssn) September 27, 2022

Trending in The Defiant

More Than 80% of Ethereum Miners Pull the Plug After MergeEight out of 10 Ethereum miners appear to have gone offline after The Merge, according to data from 2miners, a website tracking the hash rate of Proof of Work networks.
Sifu Resurfaces with New Money Market ProtocolFew DeFi players are as irrepressible as Sifu. Undeterred by his exposure in January as the co-founder of QuadrigaCX, the infamous crypto exchange that lost $190M in customer deposits in 2019, Sifu l aunched a token last February.
Pound Gets Rugged + Huge Week For Crypto MarketsGood Monday, and if you’re dreading the working week ahead, you can at least take comfort in the fact you’re not UK’s Kwasi Kwarteng, whose latest raft of proposed tax cuts, specifically benefitting the nation’s highest earners, appear to have triggered the sharpest sell-off in the pound in almost 40 years.

🧑‍💻 ✍️ Stories in The Defiant are written by Owen Fernau, Aleksandar Gilbert, Samuel Haig, and yyctrader, and edited by Edward Robinson, yyctrader and Camila Russo. Videos were produced by Robin Schmidt and Alp Gasimov. Podcast was led by Camila, edited by Alp.

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