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 - 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. - 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. - 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.