From November 26 to December, two DeFi hacking attacks amounted to 120 million U.S. dollars, and the 500 million U.S. dollar Algo Fund was launched. 3

Welcome to the latest issue of Cointelegraph’s decentralized financial newsletter.

A week of positive progress in the DeFi field, including nine-figure fundraising, successful product launches, and soaring token prices, but was somewhat overshadowed by the news of two serious security breaches. Read on to know all the progress this week.

What you are about to read is a smaller version of this newsletter designed for brevity. For the full version of DeFi development last week, please send your email below.