DeFi Lunch (Ep 352) - June 12, 2023 - @Hashflow Rug? / @mcuban hits SEC / Loki DAO loses / UK Bans Airdrops / Crypto Leaders Screwing up Politics

Mission: DeFi

FatManHashflow on Twitter: "Hashflow - a DeFi exchange - has rugged early supporters of their tokens through implementation of a DAO proposal authored by their CTO. At the time of writing, an estimated 7-8 figures USD worth of locked $HFT tokens belonging to users have been voided to the DAO treasury. - https://twitter.com/FatManHashflow/status/1667954514157248513

Mark Cuban on Twitter: "This is an SEC WEB PAGE about the howey test and tokens that often conflicts with what @SEC_Enforcement has said publicly. - https://twitter.com/mcuban/status/1667914770651987970?ref_src=twsrc%5Etfw

ross on Ooki DAO: "The CFTC just won a court case against a DAO and "as members" some founders are now on the hook for $643,542, and the DAOs websites and ops have been ordered to shut down. - https://twitter.com/z0r0zzz/status/1667272302294360064?s=20

Using free crypto airdrops and NFTs for promotions will be banned in the U.K. - https://twitter.com/coindesk/status/1667122397441318913?s=52&t=K41FvHwlVL5YAFz7rppRhg

Binance CEO CZ responds as data points to billions in exchange outflows - https://cointelegraph.com/news/binance-ceo-changpeng-zhao-address-billions-exchange-outflows

Democrats’ ‘war on crypto’ will lose its key voters: Winklevoss twins - https://cointelegraph.com/news/democrats-crypto-war-alienate-youth-voters-winklevoss

a16z opening London crypto office citing ‘predictable’ environment - https://cointelegraph.com/news/a16z-open-london-office-international-expansion

Mission: DeFi - EP 101 - DeFi to grow #AI & open source applications - Max Howell(@mxcl) of @teaxyz explains the powerful model - https://www.missiondefi.com/mission-defi-ep-101-defi-to-grow-ai-open-source-applications-max-howellmxcl-of-teaxyz-explains-the-powerful-model/

Former SEC Chairman Jay Clayton on Enforcement Actions: Crypto Should Be Treated With Nuance – Regulation Bitcoin News - https://news.bitcoin.com/former-sec-chairman-jay-clayton-on-enforcement-actions-crypto-should-be-treated-with-nuance/

If Microstrategy Chose ETH Over BTC, the Firm Would Be up 54% and Ahead by More Than $2B, Data Reveals – Bitcoin News - https://news.bitcoin.com/microstrategy-chose-eth-over-btc-the-firm-be-up-ahead-by-more-than-2b/

Gensyn - https://www.gensyn.ai/

Blockchain-Based, AI Compute Protocol Gensyn Closes $43M Series A Funding Round Led by a16z Crypto - https://www.coindesk.com/business/2023/06/11/blockchain-based-ai-compute-protocol-gensyn-closes-43m-series-a-funding-round-led-by-a16z/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Did Gary Genslers SEC Break the Law by Suing Coinbase? - https://www.coindesk.com/consensus-magazine/2023/06/09/the-new-crypto-bill-gary-gensler-doesnt-want-you-to-know-about/

BinanceUS to suspend dollar deposits, Vitalik pledges $100m to Covid relief – https://www.dlnews.com/articles/markets/binanceus-to-halt-usd-deposits-as-vitalik-donates-to-india/?utm_source=telegram&utm_medium=organic_social&utm_campaign=

Joe Cawley and Brad Nickel cover the DeFi news of the day, new opportunities in the space including liquidity pools, yield farming, staking, and much more.

This is not financial advice. Nothing said on the show should be considered financial advice. This is just the opinions of Brad Nickel, Joe Cawley, and our guests. None of us are financial advisors. Trading, participating, yield farming, liquidity pools, and all of DeFi and crypto is high risk and dangerous. If you decide to participate, do your own research. Never count on the research of others. We don't know what we are talking about and you can lose all your money. Never invest more than you can afford to lose, because you probably will lose it all.

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