# Grayscale sets sights on institutional DeFi fund

# Grayscale sets sights on institutional DeFi fund

“# Grayscale sets sights on institutional DeFi fund ” Michael Sonnenshein, CEO of digital asset management giant Grayscale, has announced a new investment vehicle for the firm targeted at decentralized fiannce (DeFi) assets. Sonnenshein announced Grayscale’s planned DeFi Fund and Index during an appearance on CBNC’s Squawk Box. Detailing the purpose of the new product,…

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# Aave founder hints at developing ‘Twitter on Ethereum’

# Aave founder hints at developing ‘Twitter on Ethereum’

“# Aave founder hints at developing ‘Twitter on Ethereum’ ” Aave founder Stani Kulechov told his 90,000 Twitter followers on Saturday that his platform should build “Twitter on Ethereum” after Jack Dorsey said he was developing a new Bitcoin (BTC)-centric financial services platform with striking similarities to Aave.  Since @jack is going to build Aave…

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# ThorChain loses .6M in ‘Chaosnet’ exploit, offers hacker a bounty to return funds

# ThorChain loses $7.6M in ‘Chaosnet’ exploit, offers hacker a bounty to return funds

“# ThorChain loses $7.6M in ‘Chaosnet’ exploit, offers hacker a bounty to return funds ” Popular cross-chain decentralized exchange, ThorChain, has suffered a multimillion-dollar breach. Estimates as to the scale of the damage vary, with ThorChain revising the initial estimate that 13,000 ETH (worth $25.1 million) had been stolen down to 4,000 ETH (roughly $7.6…

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# Australian digital finance industry wants to legally recognize DAOs

# Australian digital finance industry wants to legally recognize DAOs

“# Australian digital finance industry wants to legally recognize DAOs ” Specialists and lawyers focused on decentralized finance (DeFi) are launching an initiative to create a new type of legal entity in Australia representing decentralized autonomous organizations (DAOs). The country’s Digital Law Association and global law firm Herbert Smith Freehills are lobbying an Australian Senate…

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