🔌Solana Fails To Go One Year Between Major Outages

The Defiant's daily newsletter recaps all of the hottest news across web3 on Feb. 7.

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A major Solana incident resulted in the network failing to make it one year since its last outage. The network is live again after completing a restart following five hours of downtime.

The SEC has expanded its definition of a securities "dealer" that could implicate many large DeFi liquidity providers. The new dealer definition applies to any market maker commanding more than $50M in securities assets.

In other news, GHO is finally trading at $1, MetaMask has integrated with Robinhood, Hedera is teaming up with the Saudi Ministry of Investment Association, and Farcaster's success has ignited a boom in memecoins on Base.

Plus, Dymension is live on mainnet after completing a $300M airdrop.

✍️ In today’s newsletter:

Solana restarts after five-hour outage
SEC targets DeFi LPs
GHO achieves dollar-parity
MetaMask's Robinhood integration
Hedera launches Saudi venture studio
Farcaster ignites memecoin frenzy
Dymension's mainnet launch

🎙️The Defiant Podcast & Interviews:

Creating asset-backed stablecoins with the Reserve protocol

🎬 WATCH

Check out our discussion with Tina and Teddy to learn more about EigenLayer, the pioneering Ethereum restaking protocol. Also watch our podcast with Thomas Mattimore, CEO of ABC Labs, to find out about creating asset-backed stablecoins using Reserve Protocol.

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