In this weekly recap, we cover:
- Terraform Labs Settles SEC Fraud Case: Terraform Labs will pay $4.47 billion to settle SEC fraud charges related to the Terra/Luna collapse.
- Ether ETFs Approval by Summer: SEC Chair Gary Gensler announced Ethereum spot ETFs will be fully approved by the end of summer.
- Paxos Cuts Workforce: Paxos lays off 20% of its staff despite having over $500 million on its balance sheet.
- PleasrDAO Sues Martin Shkreli: PleasrDAO sues Martin Shkreli for allegedly sharing a unique Wu-Tang Clan album they purchased.
- ZKsync Announces Massive Airdrop: ZKsync to airdrop 3.6 billion ZK tokens, valued at $1.4 billion, to 695,232 wallets.
- Optimism Implements ‘Fault Proofs’: Optimism introduces fault proofs to enhance security and reliability.
- Solana Foundation Removes Validators: Solana removes validators engaging in MEV sandwich attacks from its Delegation Program.
- UwU Lend Hack Leads to $19M Loss: UwU Lend suffers a $19 million exploit, with founder Michael Patryn offering a 20% bounty for the return of funds.
- MicroStrategy Proposes $500M Debt Sale: MicroStrategy plans a $500 million convertible note sale to buy more Bitcoin.
- Curve Finance Founder Liquidated: Curve Finance founder Michael Egorov faces significant liquidations amid a CRV price drop.
- Trump Pledges to be ‘Crypto President’: Donald Trump promises to champion cryptocurrency at a San Francisco fundraiser.
- Friend.tech Migrates to Friendchain: Friend.tech announces its move from Base to its own blockchain, Friendchain.
- Paradigm Raises $850M for Crypto Fund: Paradigm secures $850 million for its third crypto-focused investment fund.
