Crypto Update 8/13/21 | DeFi Needs Hackers to Become Unhackable

With the crypto markets turning toward an upward trend and a look at the need for DeFi platforms to become more secure and immune to hacks, CoinDesk’s Markets Daily is back with the latest news roundup.

This episode is sponsored by Kava, Nexo.io and Celo.

Today's Stories:

ETH Holds Long-Term Support Ahead of All-Time High

Bitcoin Back Above $46K on Low Daily Volume as Altcoins Outperform

Market Wrap: Bitcoin Slides as US Lawmakers Wrangle Over Crypto Tax Proposal

Disney Rallies After Streaming Subscriptions Beat Estimates

Stock Futures Edge Up After S&P 500, Dow Hit Records

Europe Stocks Near Longest Win Streak Since 1999

China’s Port Shutdown Raises Fears of Closures Worldwide

EU exports to Britain rise in June as they fall with rest of the world.  

Extreme weather blows out catastrophe insurance losses to $40bn

The Scooter Wars Are Coming to the Stock Market

Tesla Battery Supplier CATL Plans $9 Billion Share Sale to Boost Capacity

Honor Releases First Snapdragon Smartphone With Digital Yuan Wallet

Leading Latin American Venture Firm Kaszek Makes First DeFi Investment

Pelosi Ally Asks US House Speaker to Modify Crypto Language in Infrastructure Bill

Australia's Mawson Infrastructure Purchases 17.3K Bitcoin Miners From Canaan

Ethereum Miners Make Multimillion-Dollar Bet on Upgrade Delay  

Polygon's New Gaming Studio Launches With Cricket NFT Platform

Featured Story: DeFi Needs Hackers to Become Unhackable | Daniel Kuhn

This episode was edited & produced by Adrian Blust 

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Kava lets you mint stablecoins, lend, borrow, earn and swap safely across the world’s biggest crypto assets. Connect to the world's largest cryptocurrencies, ecosystems and financial applications on DeFi’s most trusted, scalable and secure earning platform with kava.io.

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Nexo.io lets you borrow against your crypto at 6.9% APR, earn up to 12% on your idle assets, and exchange instantly between 100+ market pairs with the tap of a button. Get started at nexo.io.

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Celo is a mobile-first platform making financial dApps and crypto payments accessible to anyone with a mobile phone. Celo supports more than 1000 projects from builders, developers, and even artists, who everyday create new applications and issue digital currencies from over 100 countries around the world. To learn more visit Celo.org today.