Cointelegraph DeFi
Finance Redefined: Alchemy raises $200M, Bunny goes DAO, Feb. 4–11
Welcome to the latest edition of Cointelegraph’s decentralized finance newsletter. As the DeFi space continues its technical resurgence, essential news on funding, innovation and DAOs continues to drive adoption in what remains a nascent industry. For the full version of this newsletter including longer, more descriptive analysis of the top stories this week, subscribe below: Alchemy raises $200M in latest funding, ACH token soars 77% Web3 platform Alchemy announced the launch of a $200-million Series C funding round this week, giving the company a decacorn status and a valuation of $10.2 billion. The seven-investor round was led by two California-based venture firms — Lightspeed Venture Partners, which were investors in FTX’s recent tertiary funding round, and Silver Lake — with add...
Finance Redefined: Vitalik bearish on cross-chain, dYdX decentralizing, Jan. 7–14
Welcome to the latest edition of Cointelegraph’s decentralized finance newsletter. Despite the market printing bearish numbers for a second consecutive week, the industry is not short of bullish fundamental news. Read on to hear about the most impactful DeFi stories of the last seven days. What you’re about to read is a shorter, more succinct version of the newsletter. For a comprehensive summary of DeFi’s developments over the last week, subscribe below. Vitalik is optimistic for multichain, not cross-chain, Web3 world Vitalik Buterin, a co-founder of Ethereum, shared a candid assessment of the security limitations in implementing fully functional cross-chain bridges within the blockchain industry. Buterin argued that storing assets on their native chain provides a higher level of securit...
Finance Redefined: Terra expanding UST and LUNA, and Aave Arc seeks institutional adoption, Dec. 31–Jan. 7
Welcome to the latest edition of Cointelegraph’s decentralized finance newsletter. The new year is upon us, and the expectations for DeFi innovation, utility and mainstream adoption are greater than ever. Read on to hear about the inaugural stories of 2022. Reading this article, you’re only receiving a portion of the content from our DeFi newsletter. Drop your email below for the full copy. Terra Research proposes new utility for TerraUSD and LUNA Decentralized algorithmic stablecoin issuer Terra published an ambitious proposal via its research team this week to expand the interchain deployment of its TerraUSD (UST) stablecoin across five projects on Ethereum, Polygon and Solana. Titled “UST Goes Interchain: Degen Strats Part Three,” the lengthy governance post extensively detailed t...
Airdrop culture could pose integral threat to DeFi industry
EtherWrapped, a project designed to provide a yearly summary of users nonfungible token (NFT) activity, launched a little over eight hours ago to palpable fanfare within the crypto community. The website detailed a plan to airdrop YEAR tokens based upon quantitative engagement statistics in users’ MetaMask wallet, or in simpler terms, their number of transactions, volume traded and gas fees, among other data. Upon verification on EtherScan, a number of well-regarded developers and engineering experts in the space assessed the coding of the smart contract. Meows.eth noted that these parties saw a “presence of a function titled _burnMechanism,” but concluded that it was merely a harmless error by the seemingly amateur creator. What we noticed during a brief pass was the presence o...
Finance Redefined: Polygon fixes $24B bug, Hoskinson optimistic for Cardano in 2022, Dec. 24–31
Welcome to the latest edition of Cointelegraph’s decentralized finance newsletter. As the calendar year comes to an end, Cardano’s personable leader Charles Hoskinson shares a message of optimism, unity and collaboration for the future of crypto. As a gesture of goodwill for the holiday season, this week our long-form DeFi newsletter will be published in full here as an article alongside the regular email. Subscribe below for full access to next week’s edition! Polygon fixes potential billion-dollar protocol vulnerability Layer-two protocol Polygon announced this week the rectification of a potentially multi-billion-dollar vulnerability in its proof-of-stake Genesis contract through implementing an Emergency Bor Upgrade to the mainnet. The incident and subsequent upgrade took p...
Finance Redefined: Binance leads $60M Multichain funding, Interlay raises $6.5M, Dec. 17–24
Welcome to the latest edition of Cointelegraph’s decentralized finance newsletter. As the crypto community filled its crypto stockings for the holiday season, the Grinch emerged to gift a grimacing fate to two DeFi platforms, stealing their festive spirit and a whole lot of dollars. Reading this article, you’re only receiving a portion of the content from our DeFi newsletter. Drop your email below for the full copy. Binance VC arm leads $60M round in cross-chain protocol Multichain Binance Labs, the venture capital side of global crypto exchange Binance, facilitated a $60-million capital funding raise for cross-chain router protocol Multichain. Other notable participants included Sequoia China, IDG Capital and Three Arrows Capital. Amid Multichain’s corporate rebrand from AnySw...
Finance Redefined: 83% of 7-figure Millennials own crypto, Sen. Warren criticizes DeFi, Dec. 10–17
Welcome to the latest edition of Cointelegraph’s decentralized finance newsletter. As the market attempted to recover from last week’s pummeling, decentralized finance (DeFi) was once again the topic of discussion in high-profile U.S. governmental offices. Read on to learn more about this news and much more from the world of decentralized finance. What you’re about to read is the smaller version of this newsletter designed for brevity. For the full version of DeFi’s developments over the last week, drop your email below. Senator Warren warns about supposed DeFi dangers Senator Elizabeth Warren publicly scrutinized the decentralized finance sector this week in a hearing with the Senate Banking Committee. Speaking on the topic of “Stablecoins: How Do They Work, How Are They Us...
Finance Redefined: AWS turns crypto exchanges offline, and Sushi CTO resigns, Dec. 3–10
Welcome to the latest edition of Cointelegraph’s decentralized finance newsletter. Although the markets may be down and technical indicators built upon AWS malfunctioning, fear not young degens, fundamental news and the spirit of Wagmi is abundant as ever. So, read on and discover all you need to know about the most important events of this week. What you’re about to read is a shorter, more succinct version of the newsletter. For a comprehensive summary of DeFi’s developments over the last week, subscribe below. AWS outage highlights the need for truly decentralized exchanges. An Amazon Web Service outage this week produced significant cascading effects on the global supply chain and delivery industry, as well as hours-long operational disruptions to decentralized exchange dYdX and le...
