The U.S. Securities and Exchange Commission (SEC) has sued cryptocurrency exchange Kraken for the second time this year, alleging that the crypto trading platform operates as an unregistered securities exchange, broker, dealer, and clearing agency. Kraken disagreed with the securities regulator’s claims, insisting: “We do not list securities, and plan to vigorously defend our position.” […]
Navigating the Storm: Defi’s Precarious Position Amid a String of Exploits and Market Declines
In the wake of July’s unprecedented wave of decentralized finance (defi) breaches, including Curve Finance’s staggering $ 62 million exploit, the defi economy has plummeted into a gloomy state. Hovering perilously close to dipping beneath the $ 40 billion threshold, the total value locked (TVL) in defi hangs on by a thread. Concurrently, …