💸DeFi Faces Liquidity Crunch

Together with

GM Defiers!

We look into how DeFi lenders are turning risk-averse in the wake of the Curve exploit. Next, we delve into Base's mainnet launch, set for Aug 9 with a host of major brands set to participate.

In regulatory news, we examine the intriguing prospect of Ethereum ETFs, as the SEC seemingly softens its stance towards digital assets. But it's not just finance that's feeling the blockchain impact - Starbucks, the world's largest coffeehouse chain, has dipped its toes into the NFT space, and initial buyers are holding on tight.

Finally, we scrutinize a recent IRS ruling on the immediate taxability of staking rewards, a decision that has sent ripples through the Web3 community.

✍️ In today’s newsletter:

Stablecoin borrowing rates spike on Aave
Base mainnet will open to the public on Aug 9
Major asset managers file Ethereum ETF applications
Starbucks NFTs buck bear market
IRS says staking rewards are immediately taxable

🎬 WATCH

Watch our video on the SEC's lawsuit against Richard Heart and HEX. And check out our podcast with Aya Kantorovich, the co-CEO and co-founder of Fractal.

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