DeFining news: June 7th, 2023 📢

▪️Multichain Bridge drained for $120M. Poly network also hacked (via a compromised multisig).

▪️OPNX’ oUSD “credit currency” will make it easier for crypto traders to use crypto as collateral.

▪️BarnBridge DAO is halting all work while it’s being investigated by the SEC.

▪️When Compound Finance’s CEO stepped down, the community seemed to rejoice.

▪️Some Ethereum developers are proposing a “circuit breaker” that would stop token outflows above a certain predefined limit to deter hackers.

▪️A new, BRC-69 bitcoin token standard aims to reduce Ordinals minting fees by 90%.

▪️Popular trading platform, dYdX, is launching a testnet of its own chain next week.

▪️Some senior executives of Binance have recently jumped ship. CZ seems unfazed.

▪️20 EU blockchain sandbox use cases have been revealed.

▪️TPS on Starknet’s Quantum Leap testnet are reaching triple figures.

📖For more details, see the full digest 👉 here