Crypto Roundup: DeFi Boom, Legal Proceedings and Market Swings

By: Isha Das

• Ex-CFO of Terraform Labs deported to South Korea due to ongoing fraud legal proceedings while the DeFi sector experiences surge with platforms Pendle and Solana approaching significant milestones.
• Sam Altman, tech pioneer, aims to garner between $5 to $7 trillion to address the global chip shortage.
• Abu Dhabi Global Market partners with Solana to boost the use of Distributed Ledger Technology and blockchain innovation
• South Korean regulator set to discuss Bitcoin ETFs with U.S. SEC, marking a significant step toward international cooperation in crypto regulation.
• Solana network faces outage, leading to a decline in value of its SOL Token.