Regulation
Several recent victories in court against the beat cop of Wall Street have fired up an industry that is otherwise still stuck deep in winter.
DeFi
The protocol, which safeguards $5 billion worth of assets for MakerDAO, will officially launch for the wider DeFi ecosystem.
Business
The USDT issuer is one of the world’s largest buyers of U.S. Treasury bills, with $72.5 billion worth of exposure.
Betting platform Stake is suspected of being the target of an exploit, as on-chain sleuths report $40 million lost in “suspicious” withdrawals.
Last year, decentralized exchange dYdX decided to move from Ethereum to its own chain on Cosmos.
The technical quality, resilience to FTX’s collapse and the functionality of existing forks of Solana are the three main reasons why the Maker cofounder believes it is the “most promising codebase” for the new chain.
Ethereum
RocketPool, Stakewise, Stader Labs and Diva Staking have agreed to limit their share of the Ethereum staking market to 22% as part of an effort to make sure the network stays decentralized.
Bitcoin
Kaiko believes that the USDT depegs through the month of August wasn’t bigger news because they haven’t been “as dramatic” as ones in the past in pure price terms.
The SEC has delayed its decision on whether to approve or deny spot Bitcoin ETFs from all existing applicants, including BlackRock and Fidelity.
