Tether is reportedly in the early stages of discussing U.S. dollar lending opportunities with commodities traders.

Salame, who started his 7.5-year prison sentence Friday, accused prosecutors of lying to his lawyers, said Caroline Ellison is as culpable as Sam Bankman-Fried, and claimed he wasn’t guilty of the charges to which he pleaded guilty.

As former FTX executive Ryan Salame heads to prison, he blames Alameda’s lawyers, says prosecutors misled his attorneys, and explains why he thinks Caroline Ellison is at least as guilty as Sam Bankman-Fried.

A tweet roughly eight hours ahead of the official announcement strongly implied that the news was coming. 

Two recent updates—one involving SOL as a potential backing asset for USDe and the other about a large planned investment in real-word asset products—appear to be behind the rise. 

The amount is a far cry from the $300 million the DeFi project is reportedly looking to raise in this initial sale, however. 

DeFi tokens have lagged in this cycle. Is that trend over? Investors Arthur Cheong and Jordi Alexander say yes.

Ethena Labs proposed bringing SOL, and liquid staking options like bbSOL and BNSOL, as a backing asset to USDe, with the same hedging mechanism used for BTC and ETH perpetual futures.

Unichain could redistribute millions of dollars in value to Uniswap Labs and UNI token holders, claims The DeFi Report’s Michael Nadeau. Not everyone is convinced that liquidity on the layer 1 will migrate.

Operation Chokepoint 2.0, Ethereum Innovation Push, & Polymarket Whales (feat. Stani Kulechov)

The Ethereum-based Layer-2 protocol announced that it’s allocating 5.5% of its token supply to the Binance launchpool.

Ethereum’s base layer fees have dropped significantly due to Layer 2 scaling solutions, but could high fees ever return?

The SEC is planning to recommend action against the second-largest NFT marketplace for selling unregistered securities. 

This week in crypto: The rise of Pump.Fun’s revenue, California DMV’s blockchain initiative, BitClout founder charged, and more!

 ‘Song-A-Day’ Man artist Jonathan Mann and Law Professor Brian Frye have sued the SEC to help provide regulatory clarity for digital artists who use blockchain technology and NFTs.

CryptoPunks and Bored Ape Yacht Club are reaching multi-year lows in floor price amidst a broader NFT downturn. However, Milady Maker and Pudgy Penguins are exceptions to the ongoing trend.

The amount is a far cry from the $300 million the DeFi project is reportedly looking to raise in this initial sale, however. 

If the Federal Reserve and FDIC are imposing an undisclosed rule, they may be in breach of the Administrative Procedure Act. 

FTX creditors will soon start to receive as much as $16.5 billion in distributions now that the bankrupt crypto exchange’s reorganization plan has been approved. But that doesn’t mean all this money will immediately flow back into the crypto markets. 

This week in crypto: North Korean IT workers infiltrating the industry, EigenLayer’s token launch, FTX’s bankruptcy plan face criticism, and more!

Unichain, intended to offer faster and cheaper transactions, unifies the experience cross chain and was made in collaboration with Flashbots, a firm known for its research in maximal extractable value.

While total value secured has been the primary metric to track oracle adoption, a Blockworks Research report funded by oracle provider Pyth suggests total transacted value as a better metric, which would place Pyth above its rival Chainlink.

Since Coinbase announced it added DEGEN to its listing roadmap, the token has seen its market cap surpass $160 million.

Bittensor, a decentralized AI project, is gaining attention as one of the most promising intersections of AI and crypto.