Kelp DAO Exploited, DeFi Over?

In this episode, we discuss the Kelp DAO exploit likely by North Korea's Lazarus Group and the $7B outflow from DeFi, Polymarket seeking a $400M raise at a $15B valuation, and the Strait of Hormuz closing again as a US naval blockade appears to seize a Chinese ship.

00:00 Intro Music

02:57 Introduction

05:08 Crypto Headlines and Web3 Roundup

06:15 Weekend Recap and Asteroid Meme Coin Mania

12:29 Legend Trade Event Recap

20:30 Bullish On IRL Brands And Real World Exposure

22:56 Kelp DAO Exploit By Lazarus Group

30:37 Rahim's Bank Heist Analogy For The Attack

34:40 Institutional Capital Cannot Tolerate DeFi Risk

38:33 Eric Voorhees On Honest Markets vs Coercive Ones

42:33 AI Finding Exploits And The Anthropic Mythos Update

46:20 Polymarket Raising $400M At $15B Valuation

51:53 Prediction Markets And CFTC Capture

54:48 Strait Of Hormuz Closed Again

1:00:30 Iran Signals New Talks In Islamabad

1:01:17 Closing Thoughts On AI Disruption And Risk Off

DISCLAIMER: The content in this show is never financial advice. The content is an expression of individuals' opinions and is for informational and entertainment purposes only.