"Welcome to this week's decentralized finance news! 🚀

1. The Hong Kong government is targeting DeFi and the metaverse for fintech expansion. They realize the great potential of DeFi, from 6 billion USD in 2021 to more than 80 billion USD in 2023.

2. AssangeDAO spent $37 million to help Julian Assange escape prison after 14 years. This decentralized organization has generated legal funds from 16,593 Ether.

3. Losses from crypto incidents and scams increased by more than 100% in Q2 2024, to $572 million.

4. A MakerDAO administrator lost $11 million in a phishing scam.

5. The DeFi market had a mixed trading week, the total value locked in DeFi protocols fell below 100 billion USD.

Leave your comments on this week's most important developments!#DeFi#CryptoNews"