Thread by @M6Labs

Weekly Alpha Leak 🚰 When it Rains, It Pours - 'Tis Exploit Season

Dates Covered: October 8-14, 2022

October isn’t even over and it’s already made DeFi history with hackers stealing $718M across 11 protocols.

👇🏼🧵

1/

💊 Top Bullets: $116M Mango Markets exploit, BNB Chain hard fork to reverse $100M hack, Matter Labs Ethereum Layer 3 scaling prototype, Polygon and Matter Labs zkEVM competition, Bank of New York Mellon to custody Bitcoin and ETH, Cosmos critical software vulnerability

2/

📊 Data Highlights: Smart money near ATH for how much of their holdings are in stables, Largest Smart Money Inflows this month into cETH, cDAI, followed by regular DAI, Largest Smart Money Outflows this month,

3/

USDC and Rocket Pool, Solana 30% drop in DeFi TVL, Ethereum: down ~ 17% in NFT sales, Solana: up 100% in NFT sales

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🏦 DeFi Highlights: New CEO SushiSwap accused of fingering a horse, Circle's USDC market cap drops below $50B, Tether replaced commercial paper with U.S. Treasury Bills,

5/

Tool shows Celsius user’s losses, CPOOL staking live, dYdX hires former ConsenSys director as foundation CEO, Refreshed Uniswap Web App + V3 live on zkSync on Oct. 28, Offchain Labs acquiring Prysmatic Labs,

6/

BUSD on Polygon network, Cosmos developer Agoric developing a stablecoin,

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🖼 NFT/Metaverse/Gaming Highlights: Dapper Labs blocking Russian accounts because of new EU sanctions, Limit Break DigiDaigaku Super Bowl commercial, Meta’s Horizon Worlds on quality lockdown, X2Y2 launches P2P NFT loan function,

8/

OpenSea launches on Avalanche, DeGods switches to 0% royalty model, CNN pulls plug on Web3 NFT project Vault

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💸 Exchange Highlights: Google selects Coinbase to take cloud payments, FTX v2 live on Nov. 21, Huobi selling majority stake to About Capital Management, Binance may spend more than $1B on acquisitions and investments,

10/

Coinbase gets license in Singapore and plans to expand in Asia, Binance $500M fund for struggling miners

11/

👨‍⚖️ Economic/Government/Regulatory Highlights: Markets in Crypto-Assets legislation passed the European Parliament, Yuga Labs facing a probe by the U.S. SEC, Portugal's 2023 budget proposal includes a 28% income tax,

12/

J.P. Morgan and Visa partner to streamline cross-border payments, Coin Center lawsuit against OFAC over sanctioning Tornado Cash, Chinese CBDC volume crossed $14B, Crypto advocates to join Ooki DAO defense against CFTC

13/

💰 Fundraising Highlights: Uniswap Labs, Tatum, nxyz, Pillow, Rye, Zerion, MetaStreet

Keep Reading: (m6labs.co/p/weekly-alpha…)👈

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