CeFi, DeFi, & Tools:
US Treasury sanctions Tornado Cash 👉 Read More.
Infura & Alchemy are now blocking RPC requests to Tornado Cash. TL;DR - As long as centralized RPC services dominate the market, no protocol is truly permissionless. 👉 Read More
How Russia’s War and the West’s Response is Impacting Crypto 👉 Read More
Curve Suffers Frontend Hack. Cybercriminals made off with $570,000 in Ethereum, some of it since frozen, before a fix was announced. 👉 Read More
MakerDAO May Execute ‘Emergency Shutdown’ If Sanctions Hit DAI
DeFi Lender’s Stablecoin Under Pressure From USDC Contagion 👉 Read More
Circle discloses full breakdown of $55.7B USDC reserves. 75.6% of Circle’s reserves were held in U.S. Treasuries and 24.4% were held in cash at regulated financial institutions. 👉 Read More
Proposal To Turn On Uniswap ‘Fee Switch’ Gains Early Support. An initial vote to monetize the Uniswap protocol has garnered near-unanimous support. 👉 Read More
SushiSwap ‘Head Chef’ May Pocket a Third of All Tokens Paid to Staff. DAO members vote on Howard’s hiring 👉 Read More
Unchained Podcast put on the Great Maker Debate with Rune / the founder of MakerDao, Hasu, Tom Schmidt / Dragonfly Capital, Robert Leshner / founder of Compound, and Tarun Chitra / Gauntlet 👉 Watch Here
Layer-1s, Layer-2s, & Bridges:
Will there be an ETH POW fork?
USDC Issuer Circle Will Only Support the Ethereum POS Chain Post-Merge. 👉 Read More
Nomad just got drained for over $150M in one of the most chaotic hacks that Web3 has ever seen. 👉 Read More
North Korea’s Lazarus Group Linked to $100M Harmony Bridge Hack 👉 Read More
Ethereum Classic Shakes Off the Dust and Rockets 174%. Vestige of Old Ethereum Finds New Life as The Merge Approaches 👉 Read More
Lido To Expand stETH To Layer 2 Networks. The staked ETH derivative will be launched on Arbitrum and Optimism. 👉 Read More
9k private keys compromised on Solana: Slope mobile wallet logged secret recovery phrases to a central server in plain text, investigation still ongoing 👉 Read More
Dev created 11 identities for interlocking protocols to invent 75% of Solana’s TVL 👉 Read More
Reddit Taps Layer 2 and FTX to Launch Arbitrum-based ERC20 Tokens 👉 Read More
NFT & Gaming:
Yuga Labs has implemented a 5% royalty on secondary sales of Meebits. 👉 Read More
Axie Infinity CEO Moved $3M in Tokens Before $622M Hack Disclosure: Report 👉 Read More
Events:
Not going to burning man? Grab your ticket for Hacksummit SF on Aug 26 & 27 in San Francisco, CA.
Who Are We?
Dystopia Labs is a startup studio that organizes a bunch of ETH events. We are also building a Dollar Cost Averaging (DCA) protocol.
Want more?
Join the Dystopia Labs Discord here: https://discord.gg/XPdyckXEKn