European Union lawmakers have agreed on draft rules for cryptoassets, but still have to negotiate a final bill. But this week one of the more widely used stablecoins, Terra, experienced the cryptocurrency equivalent https://lenincoin.com/ of a run on the bank. Ronin Network recently lost roughly $615 million in Ethereum and USD Coin to hackers, according to a blog post. It is the largest decentralized finance, or DeFi, hack to date as it surpasses the $611 million hack of the DeFi protocol Poly Network in August 2021. Ronin Network powers the popular blockchain game Axie Infinity, which lets users earn money as they play. Mark Zuckerberg’s plan to launch stablecoin project Diem has hit a dead end.