Merge pull request #675 from olhadubovenko/blog

Create 2024-01-08-post176.md

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+---
+git-date:
+layout: [blog]
+title: "The Defiprime Post #176: Your Weekly DeFi News in Bite-Sized Fashion"
+permalink: post176
+h1title: "The Defiprime Post #176: Your Weekly DeFi News in Bite-Sized Fashion"
+pagetitle: "The Defiprime Post #176: Your Weekly DeFi News in Bite-Sized Fashion"
+metadescription: "A quick weekly primer covering the biggest developments around Ethereum and DeFi. This week’s issue covers events between December 24th and January 7th, 2024"
+category: blog
+featured-image: /images/blog/post.png
+intro: "This week’s issue covers events between December 24th and January 7th, 2024"
+author: LimePierre
+tags: ["The Defiprime Post"]
+---
+
+Welcome to the 176th issue of _The Defiprime Post_, a quick weekly primer covering the biggest developments around Ethereum and DeFi. This week’s issue covers events between December 24th and January 7th, 2024.
+
+
+## 🔥 The DeFi Bulletin
+
+* Orbit Chain’s bridge [was hacked for $81.5M.](https://www.theblock.co/post/269809/orbit-chains-bridge-reportedly-hacked-for-81-5-million?utm_source=telegram1&utm_medium=social)
+* Gamma Strategies [suffered a $3.4M exploit.](https://www.theblock.co/post/270338/defi-protocol-gamma-strategies-suffers-an-estimated-3-4-million-exploit)
+* Levana Protocol [was exploited for more than $1M.](https://www.theblock.co/post/269455/levana-protocol-exploited-osmosis)
+* Thunder Terminal [was exploited for 86.5 ETH.](https://www.theblock.co/post/269269/on-chain-trading-platform-thunder-terminal-hacked-for-86-5-eth-zachxbt)
+* A crypto wallet founder [lost $125K to a fake $LFG token phishing attack.](https://www.theblock.co/post/269913/crypto-wallet-founder-loses-125000-fake-lfg-phishing-attack)
+* The Block’s Research Analysts [released their 2024 predictions.](https://www.theblock.co/post/270037/the-block-researchs-analysts-2024-predictions)
+* Kyber Network [laid off 50% of its workforce](https://cointelegraph.com/news/kyber-network-cuts-workforce-50-percent-following-november-exploit) a month after the network suffered an exploit.
+* Arbitrum Orbit’s L3 chains [introduced support for custom gas tokens.](https://www.theblock.co/post/270370/arbitrum-orbit-custom-gas-tokens)
+* UniSat and its creator [have taken opposing positions on a proposed network upgrade of Ordinals.](https://www.coindesk.com/tech/2024/01/03/brc-20-marketplace-creator-take-opposing-positions-on-proposed-network-upgrade)
+* John Lilic [joined the Telos Foundation as an executive director.](https://www.coindesk.com/tech/2024/01/04/protocol-latest-tech-news-crypto-blockchain/)
+* 2023 VC funding [went down 68% compared to the year before.](https://www.theblock.co/post/268972/crypto-vc-funding-2023-recap)
+* Coinbase, Galaxy, Polygon, Multicoin, and other VCs [shared their 2024 funding outlook.](https://www.theblock.co/post/268094/coinbase-galaxy-polygon-multicoin-other-crypto-vc-funding-outlook-2024?utm_source=telegram1&utm_medium=social)
+* Bracket Labs [raised $2M in pre-seed funding,](https://medium.com/@bracket_labs/bracket-labs-raises-2mm-in-pre-seed-round-5c5d95ee8fc8) with investors including Binance Labs and NGC Ventures.
+* Riema [secured an angel investment](https://medium.com/@nubit_org/riema-secures-angel-investment-for-launching-the-first-bitcoin-native-data-availability-layer-49ccf0487380) for launching its data availability layer, the first layer to be Bitcoin-native.
+* [Our referral link provides 10% more airdropped tokens for Kinza.](https://app.kinza.finance/#/referral?referralCode=IBQOTD)
+
+
+## 💵 State of the Stablecoins
+
+* The HKMA’s chief [stated that stablecoins could become an interface between traditional finance and crypto.](https://www.theblock.co/post/269301/hkma-chief-stablecoins-could-become-interface-between-traditional-finance-and-crypto)
+* Terra, a stablecoin, and other tokens [were ruled as securities](https://fortune.com/crypto/2023/12/28/judge-rules-terra-stablecoin-and-other-tokens-are-securities-in-victory-for-the-sec-and-departure-from-ripple-case/), in a victory for the SEC.
+
+Thanks for reading, and be sure to catch the 177th issue of _The Defiprime Post_ out this time next week! 👋♦️👋