🦙 Llama News Round-Up | 18 Sep - 24 Sep

News 📰
→ Wall Street Journal investigates Kalshi’s wash trading allegations
→ ECB’s Christine Legard helped block Binance’s MiCA license
→ Coinbase files with CFTC to launch single-stock perps in the US
→ Warren Buffet steps down from Berkshire Hathaway
→ X launches in-app stock & crypto trading
→ Binance invests $100M in Circle with five-year USDC partnership
→ BitMEX officially ceases operations
→ KelpDAO files lawsuit against LayerZero
→ Bitget hot wallets hacked for $351.6 million by suspected DPRK

 Layer 1 & 2 ⛓️
→ Polygon burns ~1% of POL supply
→ Cosmo Hub validators halted to prevent further ATOM losses from Neutron exploit
→ Open interest on Hyperliquid hits ATH of $18 billion
→ Solana moves Alpenglow upgrade to public testnet

DeFi 🏦
→ Hyperliquid launches Manual Borrows of USDC/USDT against HYPE & BTC
→ Morpho launches stock-backed loans using Coinbase tokenized stocks
→ Prediction market platform Trueo moves from Base to Ethereum, receives praise from Vitalik
→ Frax’s frxUSD is now the underlying asset for Gearbox’s new RWA platform
→ Binance bStocks can now be used as collateral
→ Variational unveils VAR tokenomics and TGE details
→ Alchemix v3 goes live on Base
→ Binance wallet enables USDT gas payments on BNB Chain

Reads 📚
→ GSR: Beyond Low Float, High FDV
→ Jords: The Retard Premium
→ Re7: Mapping Yield, Risks, and Institutional Participation
→ Paul Frambot: The Next Phase of Vaults
→ DefiLlama Research: Confidential Onchain Yield

Raises & Acquisitions 💰
→ Stablecoin payments company dtcpay raises $25M Series A
→ MoonPay acquires North Capital for ~$60M
→ InfiniFi raises additional $3M ahead of Q4 TGE

Security 🛡
→ LlamaRisk & Chainlink are working together to fix price continuity for tokenized stocks
→ Crypto casino Duelbits’ hacked
→ Payy’s Ethereum bridge contract exploited, user self-custodial funds stolen
→ MagicEden exploited by whitehats, NFTs to be returned following risk resolution

AI 🤖
→ Class action lawsuit filed against Anthropic, SpaceXAI, OpenAI, and Google, over “slowed pace” collusion

Llama Update 🦙
→ Find your perfect CEX or DEX with the all-new Find My Exchange tool
→ Social logins are now supported on the DefiLlama Mobile App
→ Research: ¾ of tokens rated on the UTR dashboard are held back by disclosure
→ The biggest update to DefiLlama's dashboard editor ever is live
→ This prompt + LlamaAI will change how you do crypto research
→ Introducing Team Dashboards

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