Thanks to Wikipedia for the koala photo. From Remus Enterprises 1, LLC v. Breece, decided Thursday by the D.C. Court of Appeals (Judge Shanker, joined by Judges Easterly and Ruiz): Punctuation matters. At the heart of this case is the placement of a comma. Appellant Remus Enterprises 1, LLC (“Remus 2023”) sued appellee Quinn Breece in Superior Court asserting tort claims arising out of Remus 2023’s alleged ownership of, and desire to sell, a parcel of property located at 3308 16th Street, NE, in Washington, D.C. But a consent judgment in another case established that a different entity with a…

The $292 million exploit of Kelp DAO and the subsequent fallout across crypto lending markets hit decentralized finance (DeFi) at a pivotal moment.Just as Wall Street firms pushed deeper into onchain markets, the incident has exposed how fragile parts of the system remain and how much work is left before institutions can scale their exposure.In the weeks leading up to the hack, private credit giant Apollo Global Management (APO), which oversees $900 billion, inked a strategic partnership with Morpho to support lending markets with an option to acquire governance tokens of the protocol, too. Around the same time, the world’s…

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