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Markets
Eco-Friendly Chia Network Gets Elon Musk Boost
The Chia network and its XCH cryptocurrency got a boost from Elon Musk’s recent lambasting of Bitcoin’s energy consumption. Last week, Chia was trending on Twitter and in the five days since May 12 ̶ when Musk tweeted that he would no longer be accepting Bitcoin as a payment mechanism for Teslas because of Bitcoin’s…

DeFi
12 Months of Crazy: The Best of the Defiant Weekly
You can find a nugget of creativity in every video we put out in this channel. This video is a monster compilation mixtape video of every skit, gag, joke, motion graphics, visual effects of everything we’ve done since day 1.

Podcast
"Ethereum is About Six Months Away from Proof-of-Stake:" Preston Van Loon
In today’s episode, we interview Preston Van Loon. Preston co-founded Prysmatic Labs, one of the main teams building Ethereum 2.0, and has been leading that team for the past three years. On top of that, he recently founded a DeFi project which bundles the entire crypto market cap in one token to allow anyone to easily buy something…

NFTs & Web3
AITO Platform Builds Yield-Generating NFT On Top of Aave
Developed by NFT social media network AITO, the NFT is a first on Aave and also a first in that it’ll generate ongoing Aave yield for the artists. The artwork itself is a multimedia, audiovisual collaboration between the DJ Marshmello and Steven Messing, the concept art director for Avatar 2 and Avatar 3. The auction…

Hacks
xToken DeFi Project Hacked For Over $25M
xToken, a project which automates staking and liquidity strategies and wraps them into ERC-20 tokens, has been hacked to the tune of ~$25M. The attack resulted in xToken’s TVL dropping by roughly 30% to $63M, according to DeFi Llama. The xSNXa and xBNTa token contracts, for which xToken automates the staking strategies as well as…

DeFi
Vitalik Says UNI Should Become an Oracle Token
Ethereum creator Vitalik Buterin made a proposal for Uniswap’s UNI token to become an oracle price token for ETH/USD so as to allow the DeFi eco-system to ‘mark to market’ its fair value, thus providing a more robust mechanism for smart contract execution. He says that the pricing oracle should be modeled along the lines…

Markets
Crypto Recovers From Elon Dump Led by Proof-of-Stake Coins
Energy-efficient blockchains are leading the crypto rebound after Elon Musk, Tesla CEO, shocked the crypto world yesterday saying the car manufacturer “has suspended vehicle purchases using Bitcoin” because of the fossil fuels needed to run the network. Cryptocurrencies running on the Proof-of-Stake consensus mechanism, which is more energy-efficient than Bitcoin’s Proof-of-Work mechanism, make up six…

Research & Opinion
Red Flag Alert: A Framework for Vetting Crypto Projects Part III
Hey there! ? Welcome to the final part of the series. Give yourself a pat if you’ve made it so far! In this three-part series, we have provide a framework to help identify red flags in crypto projects. Part I analyzed tokenomics, Part II analyzes team, social media and backers and Part III will analyze…

DeFi
Vitalik Whiplashes Holders of SHIB Meme Coin and Sells Tokens for Charity
ETH’s and BTC’s impressive recent growth had nothing on dog-based meme coins ––at least until Ethereum’s creator, Vitalik Buterin, stepped in to sell a large chunk of the token’s total supply to give the proceeds to charity. GameStop stock and Dogecoin have proven memes have real market power. But the thing about meme coins is…

Markets
Crypto’s Top 10 Gainers Show Little Non-Speculative Demand
Of the top 100 coins and tokens by market cap, the 10 biggest gainers of the week are a bit surprising. As of May 11, the list includes four smart contract platforms with difficult to discern adoption and four tokens with equally questionable utility. In the lead, up 204% on the week, is Telcoin. The…





