Today in DeFi - Binance Being Probed, FAANG Index, and More
Binance Being Probed by CFTC
Binance is being probed by the CFTC as to whether it has allowed US users to trade derivates. It is not clear whether this will or result in anything, since Binanceβs derivatives are technically off limits to US users. However, it does show that centralized exchanges will always face these kinds of limitations and existential threats.
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Mirror+SET Release FAANG Index
Synthetic stock protocol Mirror and crypto Index project Set Protocol have worked together to launch a FAANG index. DeFi users can now own a synthetic index tracking Facebook, Apple, Amazon, Netflix, and Google.
BDP Drama
Popular farm Big Data Protocol had a smart contract bug where rewards could not be claimed, as well as a UI bug where users could not remove their funds.
The UI bug has been fixed, but the rewards bug still exists, however the team will airdrop BDP to those affected.
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Disclaimer: Projects or tokens mentioned in this newsletter are often experimental or unaudited. Do your own diligence before using or buying anything mentioned