# DeFi’s Latest $290M Hack, Kalshi vs Polymarket & Will the Clarity Act Pass?

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Text version: https://stenobird.com/podcast/empire-1487353/defi-s-latest-290m-hack-kalshi-vs-polymarket-will-the-clarity-act-pass.md
Podcast: [Empire](https://stenobird.com/podcast/empire-1487353)
Published: 2026-04-24T18:32:00+00:00
Episode link: https://chrt.fm/track/713ACD/traffic.megaphone.fm/BWG6093836812.mp3
Audio file: https://chrt.fm/track/713ACD/traffic.megaphone.fm/BWG6093836812.mp3
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Duration seconds: 4380

## Resource

This week, we’re back with another weekly roundup to discuss the latest DeFi exploit of KelpDAO which saw $290M in funds exploited. We deep dive into how to resolve the recent exploits in DeFi, the rivalry between Kalshi and Polymarket, will the Clarity Act pass and more. Enjoy! -- Follow Jason: https://x.com/JasonYanowitz Follow Santi: https://x.com/santiagoroel Follow Rob: https://x.com/HadickM Follow Empire: https://x.com/theempirepod -- This episode is brought to you by Fidelity Crypto. Learn more at https://Fidelity.com/crypto Fidelity Crypto was built in-house with over a dozen years of crypto experience. So you can trade crypto and stocks in one place at Fidelity, backed by industry-leading security. Fidelity Crypto. We're here to help you feel good about investing in crypto. Crypto is offered by Fidelity Digital Assets, NA, is not insured by FDIC or SIPC and includes risk of complete loss. Securities offered by Fidelity Brokerage Services, LLC. Member NYSE, SIPC. -- ZKsync is the Bank Stack of Ethereum. It is a network of chains secured by cryptography, not validators. Its cutting-edge ZK innovation enables the privacy, performance and connectivity that businesses need to thrive in the digital assets economy. To find out more visit: https://www.zksync.io/ -- Timestamps: (00:00) Introduction (02:25) The Fallout From KelpDAOs Exploit (18:08) Fidelity Crypto Ad (18:43) Crypto Is At An Inflection Point (39:10) Fidelity Crypto Ad (39:51) Kalshi & Polymarket Push To Launch Perps (01:00:58) ZKsync Ad (01:01:33) Will The Clarity Act Pass? (01:04:53) What Is USDai? (01:09:52) Content of The Week -- Disclaimer: Nothing said on Empire is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone…

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