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.

Kelp DAO Exploited, DeFi Over?

The Modern Market Show