In this weekly recap, we cover:
- Reddit disclosing its Bitcoin and Ether investments in a landmark IPO filing, joining the ranks of digital asset-holding corporations.
- Starknet launching its STRK token with a high valuation, facing community backlash over airdrop eligibility criteria and StarkWare responding to community critiques by revising the token unlock schedule, ensuring a more gradual distribution.
- Terraform Labs’ Do Kwon set for extradition to the United States, marking a significant turn in the legal saga surrounding the US Terra collapse.
- Ethena attracting over $350 million with its 27.6% annual yield on USDe stablecoins, amid rising skepticism about its sustainability.
- Circle announcing the discontinuation of USDC minting on the TRON blockchain.
- Worldcoin’s WLD token experiencing a surge, intriguingly tied to the actions of founder Sam Altman of OpenAI.
- Pudgy Penguins overtaking Bored Ape Yacht Club in NFT market valuation, amidst Yuga Labs’ leadership changes and strategic expansions.
- FixedFloat exchange suffering a $26.1 million heist, highlighting ongoing security challenges in the crypto exchange space.
