🔔 The main event in DeFi last week was the zkSync (ZK) token distribution. Most of the wallets that received these tokens have already sold them. Crypto exchange Kraken has recovered missing funds after a $3 million exploitation by CertiK.
Consensys, the company behind MetaMask, has updated its privacy policy to improve consent, transparency, and user control over their personal data.
Almost half of the top wallets that received the new ZK token have already sold all of their tokens, causing the price of ZK to drop 34.5% since its launch.
DeFi platform 1inch has announced a partnership with Web3 security provider Blockaid to improve security measures in its ecosystem.
Data from Cointelegraph Markets Pro and TradingView show that the top 100 DeFi tokens by market cap had a bearish week, with most trading in the red zone on the weekly charts. The total value locked in DeFi protocols has fallen below $100 billion.