Hello crypto-enthusiasts! 🚀 This week, pop star Iggy Azalea launched her own memecoin, with a plan to "burn" her coins whenever a celebrity coin is identified as a scam. In other news, a trader who lost 1,807 liquid-staked Ether (ETH), valued at $6.91 million, appears to have recovered much of the stolen funds.

Furthermore, a report from Immunefi revealed that crypto losses related to fraud and hacks decreased by 12% in May. The total value locked in DeFi contracts remained above $100 billion.

As for the BNB chain, it was mined for $80,000 of fake BTC tokens. Meanwhile, the DeFi market had a mixed week, with most tokens trading in the green.

What do you think of this news? Comment below! 👇#cryptonews#blockchain #btc