🦹🏻‍♂️ Binance Smart Chain Back Online After $560M Bridge Hack

Ref Finance:Largest DEX on NEAR. DeFi Hub of NEAR. The DEX connecting across many chains. Efficient liquidity to users. Accumulative trading volume $4.7B+.

Exploits

🦹🏻‍♂️ Binance Smart Chain Back Online After $560M Bridge Hack

Around $110M Has Been Bridged To Other Blockchains

By Owen Fernau

Another major DeFi bridge has been exploited, and Binance’s Ethereum-compatible blockchain is the target. Binance Smart Chain (BSC) has been paused after more than $500m in BNB, the Binance ecosystem’s native token, were drained from the official bridge.

👉READ THE FULL STORY IN THE DEFIANT.IO👈

DeFi Funding

🍣 Sushi Rallies After GoldenTree Discloses $5M Position

Election Of New Head Chef Bolsters Sentiment Around Troubled DEX

By: Tarang Khaitan

STAKED GoldenTree, a privately-held firm with $50B in assets under management, has bought and staked $5.2M worth of SUSHI tokens. The American asset manager disclosed its positionon Oct. 5 in Sushi’s governance forum.

👉READ THE FULL STORY IN THE DEFIANT.IO👈

AMC’s The Walking Dead Signature 3D Avatars Minting on 10/5

The Walking Dead series may be coming to an end, but the Dead continue to live on in Web3. After two public sell outs of their NFT collections, Orange Comet will be releasing their Metaverse-ready, 3D hand-sculpted avatars of some of the favorite characters from the TV series. On October 5, two 5K piece mints (one public, one passholder only) will go on sale.

The Avatars feature fan-favorites Rick, Daryl, Michonne (with her pets), Carol, Mercer and more. These high-quality digital collectibles are one of the required NFTs needed to activate the gamification of the upcoming ‘The Walking Dead Lands’ metaverse; a post-apocalyptic open-world build-and-earn experience.

The cost for the public mint will be $80, priced in ETH immediately before the mint, and if you’re a Walker Access passholder, there will be an additional 0.02 ETH discount. So even if your favorite show may be ending, get your wallets ready so you can stay connected to the TWD community.

DeFi Rebounds

🧗🏼‍♀️ THORChain Breaks Free of Early Troubles With Move to Avalanche

Bridging Protocol Forges Partnerships in Slow and Steady Recovery From Exploits

By Aleksandar Gilbert

REBOUND Despite a rough start that would have killed many young companies, THORChain continues to build and raise capital, buoyed by its unique place in the crypto ecosystem. This week, THORChain, which has a market cap of $487M, announced its integration with the Avalanche blockchain.

👉READ THE FULL STORY IN THE DEFIANT.IO👈

NFT Roundup

😼 Cool Cats Inks Partnership With Animoca Brands

Yuga Labs Unveils BAYC Community Council

By yyctrader

INVESTMENT Cool Cats, a popular collection of 9,999 feline-themed profile picture NFTs, has closed a strategic investment from Animoca Brands, the web3 gaming powerhouse.

👉READ THE FULL STORY IN THE DEFIANT.IO👈

Defiant Video

📺 Quick Take: Kim Kardashian fined for shilling. Who’s Next?

📺 Markets Roundup: USD pushing lower, how will crypto respond?

Podcast Video

🎙📺 Institutions Still Lining Up to Trade Crypto During the Bear

Shoutout

Galxe is the leading Web3 credential data network in the world. This collaborative credential infrastructure enables brands and developers to engage communities and build robust products in Web3.

With Galxe, users can explore Web3 in learn-to-earn campaigns with over 700 partners. On the other hand, builders have the opportunity to create growth campaigns on a seamless, plug-in-play dashboard. Introducing Galxe Passport the one-click solution to verifying Web3 identities.

DeFi Explainers

🧐 What Is Tezos?

A Step-by-Step Guide to the Blockchain Network Specializing in dApps and NFTs

By Rahul Nambiampurath

GOVERNANCE Tezos is a unique blockchain network that paves the road for dApps, decentralized applications, which are powered by smart contracts. Although the same can be said of Ethereum, Tezos is ahead of the decentralized game thanks to its on-chain governance system.

👉READ THE FULL STORY IN THE DEFIANT.IO👈

Elsewhere

🔗 Celsius’ Top 3 Execs Cashed Out $42M in Crypto Before Bankruptcy: CoinDesk

Crypto lender Celsius’ top three executives withdrew $42.13 million in cryptocurrency between May and June 2022, right before the company suspended withdrawals and filed for bankruptcy, new court records show.

🔗 DeepMind’s game-playing AI has beaten a 50-year-old record in computer science: MIT Technology Review

DeepMind has used its board-game playing AI AlphaZero to discover a faster way to solve a fundamental math problem in computer science, beating a record that has stood for more than 50 years.

Three HUGE releases tonight! 🧵
– The Devcon Manual! 📕
– Devcon Passport PWA 🛂
– The Devcon Schedule 🗓

1/ First up, the Devcon Manual: Inside, find everything that you might need as you travel to Bogota, prepare for Devcon, and to have a great time.https://t.co/RFIsugOgAY

— Deva the Devcon Unicorn (@EFDevcon) October 4, 2022

Trending in The Defiant

Liquity Breaks DeFi Doldrums With ‘Chicken Bonds’ Offering It’s been some time since DeFi users have been able to work with a new type of offering. Thank the bear market for that.
Three Arrows’ Prized NFT Collection Heads For The BlockStarry Night Capital, a subsidiary of bankrupt crypto hedge fund Three Arrows Capital, is moving its cherished NFT collection to Teneo, Three Arrows’ court-appointed liquidator.
What are Gas Fees?For a system to be decentralized, it must be self-funded. In other words, there is no need for outside money to make it work. Self-funding must be incentivized to be effective.

🧑‍💻 ✍️ 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 Alp Gasimov. Podcast was led by Camila, edited by Alp.

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