📣 "DeFi Digest: A Rollercoaster Week!" 🎢

Hong Kong's government is eyeing DeFi and metaverse tech for fintech expansion. Reports suggest these sectors could boost the region's global fintech standing. From a humble $6 billion in 2021, DeFi's market cap exploded to over $80 billion in 2023! 💥

Meanwhile, AssangeDAO, a decentralized organization, played a key role in WikiLeaks founder Julian Assange's freedom, spending a whopping $37 million on his legal battle. 🏛️

In less cheerful news, crypto losses from hacks and scams more than doubled in Q2 2024, reaching a staggering $572 million. Centralized exchange hacks were the main culprits. 🕵️‍♂️

A MakerDAO delegate also fell prey to a phishing scam, losing $11 million worth of tokens. Remember folks, always double-check before signing anything! 🖊️

Lastly, the top 100 DeFi tokens had a mixed week, with most trading in the red. The total value locked in DeFi protocols dipped below $100 billion. 📉

Stay tuned for more DeFi updates next week!