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---
git-date:
layout: [blog, blog-amp]
title: "The Defiprime Post #52: Your Weekly DeFi News in Bite-Sized Fashion"
permalink: post52
h1title: "The Defiprime Post #52: Your Weekly DeFi News in Bite-Sized Fashion"
pagetitle: "The Defiprime Post #52: Your Weekly DeFi News in Bite-Sized Fashion"
metadescription: "A quick weekly primer covering the biggest developments around Ethereum and DeFi. This week’s issue covers events between July 18th and July 25th, 2021"
category: blog
featured-image: /images/blog/post.png
intro: "This week’s issue covers events between July 18th and July 25th, 2021"
author: Defiprime
tags: ['The Defiprime Post']
---

Welcome to the 52nd issue of _The Defiprime Post_, a quick weekly primer covering the biggest developments around Ethereum and DeFi. This week’s issue covers events between July 18th and July 25th, 2021.

_Want more in-depth knowledge? We have communications over at our Telegram channel [@defiprime](https://t.me/defiprime). Check out defiprime’s latest news, interviews, guides and more with daily updates._


## 🔥 The DeFi Bulletin

* Thorchain [has been recently exploited again, with $8M gone.](https://twitter.com/defiprime/status/1418335222060314624?s=21)
* The New Jersey Attorney General [has recently prepared a Cease and Desist order to stop offering interest-bearing accounts against BlockFi](https://www.forbes.com/sites/stevenehrlich/2021/07/19/new-jersey-attorney-general-prepares-cease-and-desist-order-against-multi-billion-dollar-bitcoin-financial-services-platform/?sh=402e288f21a5), as regulators continue to put their crosshairs on DeFi.
* CoinFund [has recently launched a $83M venture fund, with their fund being mainly aimed at DeFi and NFTs.](https://www.theblockcrypto.com/linked/111954/coinfund-launches-83-million-venture-fund-mandate-includes-defi-nfts) Investors in the fund included Venrock and others.
* [Sushiswap is discussing VC raise](https://www.ar.ca/blog/crypto-market-recap-07-19-21), along with a continuing period of many governance calls and commentary to attempt to make most people happy and to encourage people working on Sushiswap and investing in it.
* The DeFi project [Aave is to release an ETH-based Twitter alternative this year](https://decrypt.co/76278/defi-project-aave-to-release-ethereum-based-twitter-alternative-this-year), according to the protocol’s founder.
* Neon Labs [has recently deployed its own cross-chain EVM solution](https://www.cryptoninjas.net/2021/07/20/neon-labs-deploys-its-cross-chain-evm-solution-on-the-solana-blockchain/) on the Solana Blockchain, as they continue to build secure blockchain solutions.
* Want a list of events to go to? We have a calendar full of DeFi events, including meetups, conferences, hackathons and more around the globe. Find it [here](https://defiprime.com/events).
* [Coin98 has raised $11.25M in a strategic funding round](https://blog.coin98.com/coin98-strategic-funding-round/), with main investors including Hashed, Spartan Group, and many more.
* Visor Finance [has recently raised $3.5M in funding](https://medium.com/visorfinance/visor-finance-raises-3-5m-in-funding-to-develop-the-next-phase-of-its-active-management-protocol-f0e7201f6a62), so they could boost the development of their next phase of its active liquidity management protocol.
* Binance US is [reportedly ‘looking at [a] IPO route,’](https://cointelegraph.com/news/binance-us-looking-at-ipo-route-cz-says) the CEO CZ has said, also expressing confidence that the exchange is going to face regulation in the near future.

## 💱 DEX Report

* Sushi has recently [revealed their new all-in-one AMM named ‘Trident’,](https://cointelegraph.com/news/after-7-20-social-media-campaign-sushi-reveals-all-in-one-amm-trident) after their ‘7/20’ social media campaign.
* Uniswap Labs [has recently restricted access to certain tokens in its interface](https://www.theblockcrypto.com/linked/112399/uniswap-labs-culls-synthetic-stock-and-derivatives-citing-evolving-regulatory-landscape), citing the ‘evolving regulatory landscape’.
* [Tokemak has recently raised $4M](https://cointelegraph.com/news/tokemak-raises-4m-from-framework-and-defi-investors-to-build-a-liquidity-reactor) from firms Framework Ventures, Coinbase Ventures, and other important firms to build a ‘liquidity reactor’ for DEXs.


## 💎 NFT News

* The NFT Marketplace [‘4K’ has raised $3M in seed funding](https://www.coindesk.com/rolexes-in-defi-nft-marketplace-4k-raises-3m-to-combine-nfts-and-luxury-goods) so that they can combine NFTs and Luxury Goods into one market, both paired with each other in storage.
* The NFT market [OpenSea has recently hit a record $1.5B valuation](https://techcrunch.com/2021/07/20/nft-market-opensea-hits-1-5-billion-valuation/), after wild NFT hype and being extremely well positioned.

Thanks for reading, and be sure to catch the 53rd issue of _The Defiprime Post_ out this time next week! 👋♦️👋