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In the world of decentralized finance (DeFi), Solana continues to gain momentum and may soon surpass Ethereum in transaction fees. Meanwhile, the UK's Financial Conduct Authority (FCA) is working on a comprehensive crypto framework that combines the best of traditional finance and DeFi regulations. However, it's not all smooth sailing in the crypto world, as a trader reportedly lost over a million dollars due to the 0L Network hard fork. On a brighter note, the first Bitcoin-backed synthetic dollar with yield-generating capabilities is set to launch in June, promising users yields of up to 25%. Despite some tokens experiencing growth, DeFi's top 100 tokens had a mixed week overall.

In the world of decentralized finance (DeFi), Solana continues to gain momentum and may soon surpass Ethereum in transaction fees. Meanwhile, the UK's Financial Conduct Authority (FCA) is working on a comprehensive crypto framework that combines the best of traditional finance and DeFi regulations. However, it's not all smooth sailing in the crypto world, as a trader reportedly lost over a million dollars due to the 0L Network hard fork. On a brighter note, the first Bitcoin-backed synthetic dollar with yield-generating capabilities is set to launch in June, promising users yields of up to 25%. Despite some tokens experiencing growth, DeFi's top 100 tokens had a mixed week overall.

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