DeFining news: March 18th, 2023 📢

▪️The sudden failure — and now bankruptcy — of Silicon Valley Bank where USDC issuer Circle held $3.3B dropped USDC to 87 cents and scared everyone before the FDIC announced that all of the deposits will be returned in full. Bad for crypto’s banking.

▪️Uniswap’s V3 is going live on the BNB Chain, expanding the reach of the biggest and most known AMM.

▪️A hacker stole $200M from Euler Labs using a self-liquidation exploit of a donation function.

▪️Meanwhile, BlockSec helped ParaSpace prevent nearly 3k ETH (~$5M) from being stolen by a hacker.

▪️Newly released ChatGPT 4 can identify vulnerabilities in ETH contracts.

▪️A 40 billion won (~$30M) Metaverse fund partially funded by the South Korean government is intended to boost local development.

▪️The Doodles DAO has a proposal to launch a community fund with a 6-month trial run capitalized at 9.99 ETH.