Drift Protocol's $285M Hack, Liberation Day 1-Year Price Audit & Circle's Banking License | Ep 484
Good now revolutionaries—
Iran threatened to shut down the Strait of Hormuz overnight, oil jumped 11.4% in 12 hours, and by the time we wrapped it was up 14.5% on the day. Will Watson broke down what that actually means for markets—and why it's not over. We also hit the one-year mark since Liberation Day, and the numbers are grim: beef up 14%, coffee up 21%, oil up 40%, electricity up 36%, consumer prices up 20%, and the national debt is up $2.64 trillion.
On the DeFi side, Drift Protocol got hit for $285 million when two of five multisig keys were compromised. We broke down how it happened…
The skinny
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