Kyber Network slashes workforce, Web3 hacks cost $1.8B in 2023: Finance Redefined

CointelegraphPublicado em 2023-12-28Última atualização em 2024-01-01

Resumo

Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you the most significant developments from the past week.

Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you the most significant developments from the past week.
Vitlalik Buterin believes Ethereum needs to reignite the “cypherpunk” revolution first envisioned for the blockchain in its early days.
The Web3 ecosystem lost $1.8 billion to exploits and scams in 2023, and the Kyber Network has slashed its workforce by half after its recent $49 million exploit.
Vitalik Buterin wants to “make Ethereum cypherpunk again”
Ethereum needs to reignite the cypherpunk revolution first envisioned for the blockchain in its early days, says Vitalik Buterin, one of the network’s founders.
According to a Dec. 28 blog post from Buterin, Ethereum was initially envisioned as a “public decentralized, shared hard drive” that could leverage peer-to-peer messaging and decentralized file storage. However, the vision began to fade in 2017 with the turn toward the financialization of Ethereum.
Continue reading
$1.8 billion was lost to Web3 hackers and fraudsters in 2023: Immunefi
A total of $1.8 billion was lost to Web3 hackers and scammers in 2023, according to a Dec. 28 report from blockchain security platform Immunefi. The report stated that 17% of the losses have been attributed to the North Korea-linked Lazarus Group.
The biggest hack of the year in terms of losses was peer-to-peer trading platform Mixin Network, which resulted in over $200 million of losses to crypto investors. In second place was the $197 million exploit of lending platform Euler Finance, and in third was the $126 million hack of the cross-chain bridge protocol Multichain.
Continue reading
Kyber Network axes workforce by 50% one month after $49 million exploit
The team behind decentralized finance protocol KyberSwap has “regrettably” cut its workforce by 50% to keep its business operations up and running following its $48.8 million exploit in November.
“Regrettably, we have also reduced our workforce by 50%,” said Kyber Network’s CEO Victor Tran on Dec. 24. “The decision to part ways with so many of our team members was heart-wrenching.”
Continue reading
Key industry figures predict the future of DeFi in 2024
Cointelegraph spoke with various experts from across the industry to discover what 2024 holds for decentralized finance.
The sector as a whole is currently buoyant. Optimism abounds as the green shoots of renewed growth begin to show. Julian Deschler, co-founder of Web3 privacy protocol Elusiv, is among the leaders bullish on DeFi’s prospects in the near term.
Continue reading
DeFi market overview
Data from Cointelegraph Markets Pro and TradingView shows that DeFi’s top 100 tokens by market capitalization had a bullish week, with most trading in the green on the weekly charts. The total value locked into DeFi protocols remained above $60 billion.

Thanks for reading our summary of this week’s most impactful DeFi developments. Join us next Friday for more stories, insights and education regarding this dynamically advancing space

Criptomoedas em alta

ctr
CitreaCTR
wstusdt
wrapped stUSDTWSTUSDT
apr
aPrioriAPR
ctx
Cryptex FinanceCTX
audio
AudiusAUDIO
mantra
MantraMANTRA
xvs
VenusXVS
waxl
AxelarWAXL
bill
Billions NetworkBILL
pyth
PYTH (Pyth)PYTH
rune
THORChainRUNE
velodrome
Velodrome FinanceVELODROME
brev
BrevisBREV
zrx
ZRX（0X）ZRX
cake
PancakeSwapCAKE

Leituras Relacionadas

Strategy Watch #5

Strategy Watch #5 analyzes institutional digital asset trends in May, highlighting diverging flows. While corporate treasuries continued accumulating Bitcoin (BTC) and Ethereum (ETH), spot ETF investors reduced exposure. Market-neutral strategies benefited as CME basis yields turned positive, reviving cash-and-carry trades. A deep dive into DeFi notes that while outflows slowed, total value locked (TVL) continued declining. The report also covers fund performance, on-chain vault yields, manager positioning as cash balances rise, and new institutional expansion initiatives.

insights.glassnodeHá 48m

Strategy Watch #5

insights.glassnodeHá 48m

Google's 'Reasoning King' Also Departs for Meta, Originally Recruited by Fei-Fei Li

"Google's 'King of Reasoning' Leaves for Meta, Quietly Departing After Over Eight Years. Denny Zhou, a key figure behind Google's AI reasoning advancements including work showcased by CEO Sundar Pichai, has joined Meta's MSL as a research scientist. His low-profile move, discovered via a LinkedIn update, occurred months before the high-profile departures of Noam Shazeer to OpenAI and Nobel laureate John Jumper to Anthropic. Zhou was originally recruited to Google by Fei-Fei Li's China center initiative after nearly 11 years at Microsoft. This is part of a significant talent drain at Google, with top researchers like Shazeer (co-author of the Transformer paper) and Jumper (AlphaFold lead) recently leaving for rivals. Reports suggest internal friction is a contributing factor, particularly around Google's strategic shift. The company has reportedly formed a high-priority 'AI Coding Strike Team,' involving co-founder Sergey Brin, to urgently bridge the gap in AI coding agents, potentially reallocating resources and focus away from other research directions like DeepMind's 'world model' AGI approach. This pivot towards commercially-proven coding applications may have influenced departures, as hinted by Shazeer's comment about his compute allocation being given to another team. Meanwhile, Meta continues to bolster its team, also recently hiring UC Berkeley professor and 'security godmother' Dawn Song, along with her startup Virtue AI team, as a VP of AI research."

marsbitHá 48m

Google's 'Reasoning King' Also Departs for Meta, Originally Recruited by Fei-Fei Li

marsbitHá 48m

How Did Hundreds of Billions of Dollars Flow into SpaceX After Its Index Inclusion on June 26th? Will SpaceX Experience a Massive Price Surge?

Will SpaceX ($SPCX) stock surge when billions in passive index fund money flows in on the effective date? A common retail investor belief is that a massive wave of buying will hit on July 6th, when SpaceX joins the Nasdaq-100, potentially causing a huge price spike. However, the reality is far more complex and less dramatic. The anticipated billions are not controlled by a single entity but are spread across hundreds of passive fund managers (e.g., BlackRock, Vanguard) whose sole mandate is to minimize "tracking error." They aim to buy shares at prices as close as possible to the index's closing price on the effective date, not to aggressively drive the price up. There are two key index inclusion scripts: 1) For the Russell US Index (effective June 26th at close), buying is compressed into the final minutes via Market-On-Close (MOC) orders. 2) For the Nasdaq-100 (announced June 26th, effective July 6th), a 10-day window creates a layered game. Arbitrage funds buy early, betting on selling to passive funds later. Some index funds "front-run" by accumulating shares gradually before the deadline. The bulk of passive funds execute large MOC orders at the July 6th close, often trading directly with arbitrageurs. A critical wildcard is SpaceX's limited free float due to a standard 180-day post-IPO lockup. To avoid causing a massive price spike by competing for scarce shares on the open market, large funds will likely use off-exchange methods: 1) Negotiating large block trades (over-the-counter) with major holders. 2) Using derivatives like total return swaps with locked-up shareholders to gain economic exposure without physically buying the stock. Most of the index-driven buying will thus happen invisibly, not on public exchanges. For retail investors, trying to front-run these sophisticated flows is risky. More viable strategies include: waiting for post-inclusion volatility to subside before establishing a long-term position, or employing options strategies like selling strangles to profit from elevated, but potentially overstated, implied volatility around the event. In conclusion, while price appreciation may occur in the days following the announcement due to arbitrage and front-running activity, a single-day "explosive pump" on July 6th is highly unlikely. The major index fund buying will be executed efficiently and discreetly, often away from public markets, turning the anticipated climax into a well-orchestrated, anti-climactic settlement.

marsbitHá 1h

How Did Hundreds of Billions of Dollars Flow into SpaceX After Its Index Inclusion on June 26th? Will SpaceX Experience a Massive Price Surge?

marsbitHá 1h

Toss Brings 30 Million Users Into the AI Data Economy in Partnership With Poseidon

Poseidon, a data infrastructure company for AI, has partnered with South Korean mobile financial platform Toss (operated by Viva Republica) to integrate its contributor app, Numo, into the Toss app. This partnership allows Toss's approximately 30 million users to contribute real-world voice, image, and video data for AI training and receive direct payment for their contributions. The initiative addresses the AI industry's growing need for high-quality, first-person data not available on the open web, crucial for developing physical intelligence in robotics and autonomous vehicles. Poseidon's infrastructure tracks each contribution's value, while Toss handles user payments. Contributions are registered on the DATA network, which provides verifiable provenance via its Trace audit layer. The partners aim to prove this user-compensated data model in South Korea—a market with dense real-life data and advanced mobile finance—before expanding globally. Poseidon recently raised a $15 million seed round led by Andreessen Horowitz.

TheNewsCryptoHá 1h

Toss Brings 30 Million Users Into the AI Data Economy in Partnership With Poseidon

TheNewsCryptoHá 1h

0.7nm Process Chip Emerges, Moore's Law Lives On

IBM has unveiled the world's first sub-1-nanometer (0.7nm) chip technology, integrating nearly 100 billion transistors into an area the size of a fingernail. This breakthrough doubles the transistor density of current 2nm chips and promises a 50% performance gain or a 70% improvement in power efficiency. The achievement is powered by IBM's "NanoStack" architecture, a pioneering 3D design featuring vertically stacked nanosheet transistors. This evolution from FinFET and Gate-All-Around (GAA) technologies offers superior electrostatic control. IBM has demonstrated the technology's viability with functional CMOS inverters and a 40% area reduction in SRAM, crucial for AI chip data bandwidth. Addressing the critical power consumption challenges in AI computing, this advancement extends the roadmap for chip miniaturization. While IBM does not manufacture chips itself, it licenses its process technology to partners. The company projects that NanoStack-based chips could enter production within the next five years, potentially sustaining Moore's Law for another decade.

marsbitHá 1h

0.7nm Process Chip Emerges, Moore's Law Lives On

marsbitHá 1h

Trading

Spot

Artigos em Destaque

Como comprar OP

Bem-vindo à HTX.com!Tornámos a compra de Optimism (OP) simples e conveniente.Segue o nosso guia passo a passo para iniciar a tua jornada no mundo das criptos.Passo 1: cria a tua conta HTXUtiliza o teu e-mail ou número de telefone para te inscreveres numa conta gratuita na HTX.Desfruta de um processo de inscrição sem complicações e desbloqueia todas as funcionalidades.Obter a minha contaPasso 2: vai para Comprar Cripto e escolhe o teu método de pagamentoCartão de crédito/débito: usa o teu visa ou mastercard para comprar Optimism (OP) instantaneamente.Saldo: usa os fundos da tua conta HTX para transacionar sem problemas.Terceiros: adicionamos métodos de pagamento populares, como Google Pay e Apple Pay, para aumentar a conveniência.P2P: transaciona diretamente com outros utilizadores na HTX.Mercado de balcão (OTC): oferecemos serviços personalizados e taxas de câmbio competitivas para os traders.Passo 3: armazena teu Optimism (OP)Depois de comprar o teu Optimism (OP), armazena-o na tua conta HTX.Alternativamente, podes enviá-lo para outro lugar através de transferência blockchain ou usá-lo para transacionar outras criptomoedas.Passo 4: transaciona Optimism (OP)Transaciona facilmente Optimism (OP) no mercado à vista da HTX.Acede simplesmente à tua conta, seleciona o teu par de trading, executa as tuas transações e monitoriza em tempo real.Oferecemos uma experiência de fácil utilização tanto para principiantes como para traders experientes.

424 Visualizações TotaisPublicado em {updateTime}Atualizado em 2026.06.02

Como comprar OP

Discussões

Bem-vindo à Comunidade HTX. Aqui, pode manter-se informado sobre os mais recentes desenvolvimentos da plataforma e obter acesso a análises profissionais de mercado. As opiniões dos utilizadores sobre o preço de OP (OP) são apresentadas abaixo.

活动图片

Categorias popularesright-arrow

Etiquetas Popularesright-arrow