Crypto Rug Pulls Rampant in Q3; Marinade Quits UK Market Over Regulation; Uniswap Founder Burns Speculative Tokens; Polygon Launches Ethereum Token Contract; DeFi Tokens Rally with Increasing Value Locked
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85% of crypto rug pulls in Q3 didn't report audits according to Hacken report. Rug pulls share distinct features.
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Marinade Finance, largest DeFi protocol on Solana, has quit UK market citing FCA rules. It has $265M TVL.
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Uniswap founder Hayden Adams burned 99% of HayCoin supply worth $650B against speculation. He kept most tokens.
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Polygon launched POL token contract on Ethereum to eventually replace MATIC token. Users don't need to exchange now.
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DeFi top 100 tokens had a bullish week with most trading in green and total value locked increasing $6B to $49.16B.