DeFi needs proper regulation before moving to retail, says Fed Chairman: Finance Redefined
The majority of the top 100 DeFi tokens had a mixed week, with several tokens trading green on the weekly charts, the total value locked seeing a minor increase of $4 billion.
Newsletter
Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) news – a newsletter designed to bring you significant developments over the past week.
US Federal Reserve Chairman Jerome Powell has delivered his verdict on the evolution of the DeFi market, saying there is a definite need for strong regulation before the nascent market can expand to the retail.
Maple Finance CEO Believes Separating Risk From Lending Saved DeFi From Stock Market Crash. He added that crypto lending worked as expected during the crypto winter due to transparency.
Members of the Ooki DAO discuss different ways to respond to the recent lawsuit brought by the Commodity Futures Trading Commission. Another interesting turn of events in the DeFi ecosystem saw a maximum extractable value (MEV) bot earn massive profits worth $1 million by seizing an arbitrage opportunity. However, he was tricked into authorizing a malicious transaction that drained the funds.
The top 100 DeFi tokens by market capitalization had a mixed week in terms of price action, where an almost equal number of tokens were trading green and red on the weekly charts.
DeFi needs proper regulation before expanding to retail: Fed Chair PowellUS Federal Reserve Chairman Jerome Powell has spoken out on the expansion of DeFi and its impact on the traditional financial ecosystem, calling for proper regulation.
At an event titled “Opportunities and Challenges of Tokenizing Finance” hosted by the Banque de France on Tuesday, Jerome Powell said there were “very significant structural issues around the lack of transparency” in the DeFi ecosystem.
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MEV bot wins $1 million but loses it all to hacker an hour laterIn a Twitter thread, Robert Miller, who works for research firm Flashbots, shared how an SRM...
The majority of the top 100 DeFi tokens had a mixed week, with several tokens trading green on the weekly charts, the total value locked seeing a minor increase of $4 billion.
Newsletter
Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) news – a newsletter designed to bring you significant developments over the past week.
US Federal Reserve Chairman Jerome Powell has delivered his verdict on the evolution of the DeFi market, saying there is a definite need for strong regulation before the nascent market can expand to the retail.
Maple Finance CEO Believes Separating Risk From Lending Saved DeFi From Stock Market Crash. He added that crypto lending worked as expected during the crypto winter due to transparency.
Members of the Ooki DAO discuss different ways to respond to the recent lawsuit brought by the Commodity Futures Trading Commission. Another interesting turn of events in the DeFi ecosystem saw a maximum extractable value (MEV) bot earn massive profits worth $1 million by seizing an arbitrage opportunity. However, he was tricked into authorizing a malicious transaction that drained the funds.
The top 100 DeFi tokens by market capitalization had a mixed week in terms of price action, where an almost equal number of tokens were trading green and red on the weekly charts.
DeFi needs proper regulation before expanding to retail: Fed Chair PowellUS Federal Reserve Chairman Jerome Powell has spoken out on the expansion of DeFi and its impact on the traditional financial ecosystem, calling for proper regulation.
At an event titled “Opportunities and Challenges of Tokenizing Finance” hosted by the Banque de France on Tuesday, Jerome Powell said there were “very significant structural issues around the lack of transparency” in the DeFi ecosystem.
Continue Reading
MEV bot wins $1 million but loses it all to hacker an hour laterIn a Twitter thread, Robert Miller, who works for research firm Flashbots, shared how an SRM...
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