DeFi
A proposal to turn on protocol fees for liquidity providers narrowly missed being passed by the Uniwap community.
The protocol said it was pausing withdrawals as an emergency measure and assured users that the $35 million in Total Value Locked was not at risk.
The cross-chain bridge protocol has suspended service for some affected chains after being locked out of the necessary servers.
Regulation
Sam Bankman-Fried’s lawyers plan to argue that their client was acting on the advice of a Silicon Valley law firm with regards to many of the fraud charges against him.
Business
Senior executives at the crypto exchange characterized the job cuts as a cyclical “talent density audit” as opposed to a cost-cutting measure.
Bitcoin
The next difficulty adjustment set to take place on May 31 would be a new all-time high for the Bitcoin mining metric.
The government is pushing for an independent inquiry into FTX despite its estimated $100 million cost to the bankruptcy estate.
Binance is reportedly considering letting institutional clients hold their trading collateral at a bank as a way to reduce counterparty risk.
Former FTX CEO Sam Bankman-Fried could have some charges against him dropped if the Bahamas deems that they violate his extradition terms.
Contrary to popular belief, two FINRA-approved digital asset firms say there is a clear path to being compliant with regulators.
