BTC, ETH and BNB Trade At A Premium On Binance.US After Court Orders Asset Freeze

Binance Outflows Slow After SEC Crackdown 

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Flashbots Blacklists Wallets Swept Up in Tornado Imbroglio

Solend Cranks Up The Risk with Liquidity Pools For All

Fed Instructs Banks To Report Crypto Activity

Crypto Hackers Bagged $2B This Year as Exploits Jumped 58%: Report

The Defiant Weekly: The Great Tornado Cash Debate

The Chopping Block: Did OFAC Overstep by Sanctioning Tornado Cash? Unchained

‘No Current Plans’ for Scrapped V1 CryptoPunks NFTs, Says Yuga Labs: Decrypt

How a Third-Party SMS Service Was Used to Take Over Signal Accounts: Vice

Over the past months, the AB Team has been adding structure to our Curation Board and our project review process: Art Blocks

‘Real Yield’ Emerges As A New DeFi Trend

Growing List Of DeFi Apps Ban Tornado Cash Users

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U.S. Sanction of Crypto Mixer Prompts MEV Defense Platform to Open Source

, the strategy lead at crypto firm Flashbots, 

 wallets sanctioned by the U.S. Treasury Department, sparking outcry from the Ethereum community.

 it would hasten open-sourcing some of its code in response to the U.S. Treasurys sanction of the Tornado Cash protocol last week.

 Flashbots specializes in addressing MEV, or Maximal Extractable Value, a maneuver in which validators manipulate the order of on-chain transactions to pocket profits by taking advantage of price differences. Its an arbitrage trading strategy made possible by decentralized blockchains.

 some of its MEV-Boost code in response to the sanctions, highlighting that its U.S.-based team must comply with the legislation. Flashbots said the move will encourage competitions and mitigate a potential single point of failure.

👉READ THE FULL STORY IN THE DEFIANT.IO👈

Solana-based Lender Says Beware of its Own Offering

 In a move that’s bound to raise eyebrows, Solend just launched “permissionless liquidity pools” that lets anyone play banker.

 Solend, an algorithmic lending protocol that operates on the Solana blockchain network, lets users deposit crypto tokens into a liquidity pool in exchange for earning interest and the opportunity to borrow funds.

 Yet in a break from past practice, Solend is not creating the pools but rather is letting anyone set them up. Like a regular liquidity pool, permissionless pools share fees with the creator. Because anyone from a well-meaning DeFi investor to the most degenerate of degens can create a liquidity pool, Solend 

 users to “be careful about which pool you interact with”.

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U.S. Central Bank Says Large Scale Adoption Of Stablecoins Could Pose A Severe Risk To Financial Stability

 Regulators just cant get enough of crypto. Just eight days after the U.S. Treasury sanctioned Tornado Cash, the Federal Reserve is asking all regulated banks to keep it informed about all crypto-related activities.

, banks should assess if the crypto-asset activities they engage in are legally permissible under state and federal laws. In addition, banks are asked to notify the Fed before starting any new crypto activities.

 The Fed highlights a myriad of risks inherent to crypto, calling the technology “nascent and evolving” while being particularly critical of “open, permissionless networks.” “Crypto-assets can be used to facilitate money laundering and illicit financing. Some crypto-assets have limited transparency, making it difficult to identify and track ownership.” the letter says.

Early Users Have Been Allocated 5% Of The SAFE Supply

 from parent company Gnosis, announced plans to airdrop its SAFE token to almost 22,000 crypto wallets.

 The average user to receive SAFE tokens will get a little more than 2,200, according to the 

 published Thursday. Its author, Safe co-founder Tobias Schubotz, has called for community feedback before putting the proposal to a vote.

 The protocol allows users to create Safes — smart contract crypto wallets that require multiple signatures to verify transactions. Such redundancy makes it less likely an individual would compromise their crypto holdings or that a rogue employee could make off with the assets in a company’s treasury.

Chainalysis Found DeFi ‘Uniquely Vulnerable’ to Exploits

 Crypto may be slumping but its a bull market for hackers and other bad actors who stole $1.9B worth of assets from projects this year, according to a report released this week by 

 That marks a 58% jump in the ill-gotten gains, the blockchain analysis group found. Almost all of the crypto assets stolen in the first quarter were taken from DeFi protocols compared to 72% in 2021.

 The surge in exploits poses a critical test for decentralized finance. The industry is striving to overcome the bear market and establish its protocols as a viable alternative to traditional finance. If protocols cannot safely protect their customers assets then its safe to say its brand as a truly innovative proposition will be tarnished.

ETH Addresses and a Gold Bored Ape Bright Spots in a Rough Stretch for NFTs

 Demand for .eth addresses shows no sign of slowing down. On Aug. 16, the Ethereum Name Service (ENS) crossed the milestone of 2M registered domains as the blockchain-based protocol recorded 378,804 purchases in July.

 with the 10K Club, which consists of four-digit names from 0000.eth to 9999.eth. Collectors have since moved on to other combinations of letters and numbers, including non-English characters. Male and female first names are the flavour du jour, according to 

Hello Defiers! Here’s what we’re covering today:

News

Flashbots Blacklists Wallets Swept Up in Tornado Imbroglio

Solend Cranks Up The Risk with Liquidity Pools For All

Fed Instructs Banks To Report Crypto Activity

Safe Proposes Airdrop for 22K Users

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🌪 Flashbots Blacklists Wallets Swept Up in Tornado Imbroglio