DeFining news: April 14th, 2023 📢

▪️ETH broke $2k after the Shapella upgrade.

▪️Per Buterin, Ethereum will now focus on scalability.

▪️Voltz saw a rise of volume for swaps between fixed and variable rates in DeFi lending markets.

▪️One hacker exploited a Yearn.finance contract and minted 1 quadrillion of yUSDT.

▪️In the meantime, developers blocked a potential 8-figure exploit via Ethermint in the Cosmos ecosystem.

▪️Ethereum blockchain is losing users to other chains like Tron and the BNB chain despite the general fall in Ethereum gas prices.

▪️The PureFi project released the SafeTransact tool to notify users of suspicious on-chain activity.

▪️Uniswap launched a mobile wallet.

▪️There is a trader with a massive $46M of cbETH collateralized on Aave right now.

▪️Solana has announced a Web3 native smartphone.

▪️Sushi promised to fully reimburse every user who lost funds in the $3.4M hack.

▪️zkSync’s Era offering passed $200M in TVL.