Recapping the Week in DeFi

As the DeFi and crypto space continues to evolve at a rapid pace, it's essential to stay informed about the latest developments and trends. Our weekly recap provides you with a concise yet comprehensive overview of the most significant news and trends in the DeFi and crypto space, helping you stay informed and up-to-date with the latest happenings.

CFTC Sues Binance, CEO CZ for Allegedly Breaking US Laws

Amidst a period of regulatory uncertainty in the United States, commodities regulator CFTC has sued Binance and CEO Chanpeng Zhao (CZ), alleging that the leading exchange violated numerous U.S laws. 

Get all the details here. 

It’s a Date: Ethereum Shapella Unstaking Upgrade Set for April 12

The biggest on-chain event of the year? The Shangai + Capella (Shapella) Ethereum network upgrade now has a date and will take place around 10:30 OM UTC on wednesday, April 12. 

Learn more in this article. 

Radiant Capital Expands From Arbitrum to BNB Chain

Arbitrum-native lending platform Radiant Capital has expanded to BNB Chain. Having the second-largest Total Value Locked (TVL) on Arbitrum, the launch on BNB Chain can be seen as a first step in its omnichain DeFi aspirations. 

Find more information here.

SafeMoon’s Liquidity ‘Compromised’ for $9M, SFM Token Plummets

SafeMoon informed the community that the SFM/BNB Liquidity Pool had been compromised, with on-chain data indicating about $9 million. According to security firm PeckShield, the upgrade with the exploited public burn bug was initiated by the official SafeMoon deployer. 

Get all the details here. 

MetaMask Blasts Impending Airdrop Rumors as ‘False’ and ‘Dangerous’

MetaMask had earlier dismissed rumors circulating about a snapshot for a potential $MASK airdrop on March 31 as false and dangerous. MetaMask has advised the community to be on the lookout for fake sites in the coming days. 

Details here. 

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