Floor prices of so-called ‘Blue Chips’ have been battered like Anthony Joshua on a night out in Jeddah. And if the valley of the Twapes is to be believed there’s a formidable sword of Damocles hanging over the NFT space it’s blade polished, sharpened and ready to shred our puny guts with a series of cascading liquidations and a subsequent death spiral event could see floor prices go to ZERO. Or worse. As Cirrus describes it, this could be “the single biggest risk to the NFT market that nobody is talking about” Our sponsors https://nexo.io/ ✨Check out our new website✨ https://thedefiant.io/ ?Sign up to our newsletter? https://newsletter.thedefiant.io/ Follow The Defiant team on Twitter Camila Russo: https://twitter.com/CamiRusso Robin Schmidt: https://twitter.com/iamsupermassive Alp Gasimov: https://twitter.com/alpgasimov ✊ Follow The Defiant Twitter https://twitter.com/defiantnews Discord https://discord.com/invite/svJ7dZ75J3 Instagram https://www.instagram.com/thedefiant.io/ Telegram News https://t.me/DefiantNews Telegram Chat https://t.me/DefiantChat #TheDefiant​ #DeFi​ #Decentralized​ #Finance​ #Blockchain ... https://www.youtube.com/watch?v=OK5u65t2DZc

We’ve had yet another turbulent week in the DeFi space as four projects were exploited or hacked - on the same day. Let’s dive in! Considering the amount of DeFi hacks tripled in 2021 with no sign of slowing down in 2022, the real question here is WHY have there been so many hacks in the first place? It’s down to many factors including lack of necessary audits, relying on oracles, and using untested technology like blockchain bridges and complex smart contracts. Some are even speculating these hacks are inside jobs, from devs who purposely leave a loophole in the code they can come back to exploit. 1:14 Mango 2:41 TempleDAO 3:18 Rabby Wallet 3:37 QAN platform 4:11 Ongoing exploits in DeFi Our sponsor https://galaxe.com/ ✨Check out our new website✨ https://thedefiant.io/ ?Sign up to our newsletter? https://newsletter.thedefiant.io/ Follow The Defiant team on Twitter Camila Russo: https://twitter.com/CamiRusso Alp Gasimov: https://twitter.com/alpgasimov ✊ Follow The Defiant Twitter https://twitter.com/defiantnews Discord https://discord.com/invite/svJ7dZ75J3 Instagram https://www.instagram.com/thedefiant.io/ Telegram News https://t.me/DefiantNews #TheDefiant​ #DeFi​ #Decentralized​ #Finance​ #Blockchain ... https://www.youtube.com/watch?v=RYkGtm-JlFE

Strange times these. The human brain has an infinite capacity for making the best of a bad situation. COVID hasn’t gone away, it’s still very much with us. But like Dua Lipa peeps be all like IDGAF. Celsius declares bankruptcy. The $CEL token pumps 9%. The Euro finally reclaimed its dollar peg this week before lapsing by a cent to end it recklessly short of a century on 99. Marooned in a sea of dollar bills that nobody seems to quite know what to do with. The CPI inflation data published this week was higher than expected at 9.1% raising the spectre of you, me, and all our financially woke chums having to learn yet another three letter acronym to wow our less woke chums at all the summer parties we’re now going to be attending because COVID was just an elaborate piece of ambulatory theatre. YCC - Yield Curve Control. Follow The Defiant team on Twitter: Camila Russo: https://twitter.com/CamiRusso Robin Schmidt: https://twitter.com/iamsupermassive Alp Gasimov: https://twitter.com/alpgasimov ✊ Follow The Defiant Website https://thedefiant.io/ Newsletter https://newsletter.thedefiant.io/ Twitter https://twitter.com/defiantnews Discord https://discord.com/invite/svJ7dZ75J3 Instagram https://www.instagram.com/thedefiant.io/ Telegram Announcements https://t.me/DefiantNews Telegram Chat https://t.me/DefiantChat #TheDefiant​ #DeFi​ #Decentralized​ #Finance​ #Blockchain ... https://www.youtube.com/watch?v=vOcvEsrrWC8

✨ Check out our new website ✨ https://thedefiant.io/ ? Sign up to our newsletter ? https://thedefiant.io/go-premium#pricing?utm_source=YT&utm_medium=social&utm_campaign=signup ? Find DeFi investment opportunities & educational primers here https://thedefiant.io/promo?utm_source=YT&utm_medium=social&utm_campaign=alpha ✊ Follow The Defiant Twitter: https://twitter.com/defiantnews Discord: https://discord.gg/SMucWEa4 Instagram: https://www.instagram.com/thedefiant.io/ Telegram: https://t.me/DefiantNews ? Contact our Newsroom editorial@thedefiant.io ? Sponsorships & Partnerships sponsors@thedefiant.io #TheDefiant​ #DeFi​ #Decentralized​ #Finance​ #Blockchain #Web3 ... https://www.youtube.com/watch?v=1zLf2Tzn3_I