DeFi

DeFi, short for decentralized finance, represents a shift in the financial sector by leveraging blockchain technology, primarily Ethereum, to eliminate traditional financial intermediaries. It enables various financial applications, from simple transactions to complex contracts, through smart contracts that execute automatically under specific conditions. Key DeFi applications include decentralized exchanges (DEXs), stablecoins, lending platforms, and prediction markets. DeFi offers financial services like loans and interest-earning opportunities without traditional identity verification, relying instead on collateral, usually in cryptocurrency. This innovative sector promises increased accessibility and efficiency but comes with risks, such as market volatility and unregulated projects.


Finance

Solana’s Mango Markets DEX Raises $70M in MNGO Token Sale

At its height, investors had plowed over $500 million in USDC into the trading platform’s 24-hour sale.

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Tech

Returned Funds, Blacklisted Tokens Raise More Questions Than Answers in DeFi's Biggest Hack

The Poly Network attacker has returned $342 million of their $613 million haul. Should token issuers freeze the rest?

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Videos

What’s Going On With Poly Network?

An address associated with the hacker who allegedly drained cross-chain decentralized finance (DeFi) platform Poly Network of roughly $600 million Tuesday has started to return the funds. “The Hash” panel discusses what’s going on with Poly in the largest hack in crypto history and what it could indicate for the future of DeFi regulation.

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Videos

Largest Hack in DeFi History, ADA Hits Two-Month High

Poly Network suffers the largest hack in DeFi history. Small and mid-sized miners suffer in China exodus, and Cardano’s ADA hits a two-month high. We’ll have more on that story and other news shaping the cryptocurrency and blockchain world in this episode of “The Daily Forkast.”

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Markets

Poly Network Prepares for Hacker to Return Millions in Stolen Crypto

The hacker who stole potentially $600 million from Poly Network asked for a multisig wallet to return the funds.

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Markets

Market Wrap: Bitcoin Slips as Infrastructure Bill With Crypto Tax Provision Heads to House

Bitcoin pulled back as traders digest regulatory developments in the U.S.

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Tech

Crypto Panhandlers Beg Poly Network Attacker for Share of $613M Haul

First came the attack. Then came the moochers.

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Videos

NFTs Over DeFi: OpenSea Just Overtook Uniswap on Ethereum Usage

Are NFTs back? Non-fungible token (NFT) marketplace OpenSea topped the leaderboard in gas consumption on the Ethereum blockchain, surpassing Ethereum's largest decentralized finance (DeFi) exchange Uniswap. Since last year, Uniswap has typically commanded the top spot. "The Hash" team discusses the industry implications for the rare flippening event and what it means for ether.

Recent Videos

Videos

Largest Hack in Crypto History? $600M in Crypto Potentially Stolen From DeFi Platform Poly Network

Cross-chain decentralized finance (DeFi) platform Poly Network was attacked on Tuesday, with the alleged hacker draining roughly $600 million in crypto. This figure would place the Poly Network hack among the largest in crypto history. “The Hash” hosts discuss the implications for DeFi regulation amid U.S. lawmakers reining in on the digital asset sector.

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