Business
The crypto exchange plans to assist police with gathering evidence on platform users involved in money laundering.
Richard Teng will lead all of Binance’s operations in regional markets outside the U.S. amid heightened regulatory scrutiny on the crypto exchange.
DeFi
Around 155 million OP tokens are scheduled to be unlocked on Wednesday, representing 3.6% of total token supply.
The proposal authors believe this parameter upgrade could be a huge tailwind for the DeFi ecosystem.
The Tornado Cash community has passed a proposal that would put governance control back in the hands of the DAO.
The liquidity protocol lost 4090 ETH after attackers exploited the lack of slippage control in liquidity shifting operations.
NFTs
Binance will enter the NFT lending market with the launch of a new feature that allows users to secure an ETH loan using their NFTs as collateral.
Fantom Foundation director Andre Cronje said that the $2.4 million MULTI withdrawal from liquidity pools on SushiSwap to a cautionary measure.
Regulation
The six individuals seeking to overturn the U.S. Treasury’s sanctions on Tornado Cash argued that the government has improperly interpreted the IEEPA and free speech clause of the First Amendment.
The Digital Currency Group plans to close down its prime brokerage subsidiary TradeBlock on May 31.
