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Compound Founder Begs Users to Return $90M Funds Mistakenly Given Away

DeFi staking protocol Compound erroneously paid out approximately $90 million in liquidity mining rewards following an update to one of its smart contracts. The founder is now pleading to users to return the tokens and issuing a few potential threats.

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Lil Nas X, Grimes Featured in TikTok NFT Collection

TikTok has announced an NFT collection auctioning next week called “TikTok Top Moments,” featuring contributions from artists including Grimes, Lil Nas X, and Bella Poarch. “The Hash” group discusses the industry implications for the social media app’s first experiment into the world of crypto and blockchain-based digital collectibles.

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El Salvador Mines First Bitcoin With Volcanic Energy

“The Hash” team reacts to El Salvador President Nayib Bukele, revealing the country has officially mined the first bitcoin using volcanic energy. With almost 22% of the country’s energy supply coming from geothermal sources, could El Salvador provide an answer to the hunt for a reliable, clean energy source to power bitcoin mining?

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Société Générale Applies for $20M MakerDAO Loan Using Bond Token Collateral

In a proposal Thursday on MakerDAO's governance forums, French multinational banking giant Société Générale (SocGen) applied for the DeFi lending platform to accept on-chain bond tokens issued by the bank as collateral for a stablecoin DAI loan for up to $20 million. "The Hash" panel discusses the historic step towards institutional adoption of DeFi.

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Zero Hash Founder on Expanding to DeFi and NFTs After Raising $35M

Crypto trading infrastructure provider Zero Hash is eyeing expansion into DeFi and NFTs after raising a $35 million Series C funding round led by the venture arm of Steve Cohen’s Point72. Zero Hash founder and CEO Edward Woodford discusses why he’s bullish on DeFi and NFTs, explaining how his platform works.

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House Bracing for Bipartisan Infrastructure Bill Vote

CoinDesk Global Policy and Regulation Managing Editor Nikhilesh De discusses the key takeaways from monitoring Capitol Hill in the anticipation of a vote on the U.S. Senate’s $1 trillion bipartisan infrastructure bill and what to expect Friday as members reconvene.

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What's Behind Bitcoin's Rally?

Bitcoin returned above $47,000 for the first time in two weeks, indicating strong demand from short-term buyers, but why is upside momentum improving? Ben Cruikshank, Head of Flourish, a subsidiary of MassMutual, discusses his reading of bitcoin's price action. Plus, insights into MassMutual launching crypto investing platform "Flourish Crypto."

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Rep. Tom Emmer on Crypto Regulation, CBDCs, Infrastructure Bill

During Thursday’s House Financial Services Committee meeting, U.S. Federal Reserve Chairman Jerome Powell said he does not intend to ban cryptocurrencies but signaled stablecoins need greater regulatory oversight. Committee member Rep. Tom Emmer (D-Minn.) reacts.

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Crypto Job Listings Exploding as Crypto Total Market Cap Tops $2T

Crypto job postings are reportedly continuing to surge, with one crypto-focused job board saying its paid listings category exploded nearly 1,500% in the past year. "The Hash" hosts react, discussing the boom in the crypto hiring sector. "These are really interesting signals in terms of where the market is going and where the interest is on the hiring side," host Zack Seward said.

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Visa Working on Interoperability Platform for Stablecoins and CBDCs

Payments behemoth Visa has proposed a platform to enable interoperability between central bank digital currencies (CBDCs) and other stablecoins. The “universal payments channel” (UPC) aims to allow the cryptocurrencies to be transferred between different blockchain networks.

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