DeFi
The community voted against a proposal that called for the Arbitrum Foundation to return millions of ARB tokens and disclose the terms of the market making deal with Wintermute.
Regulation
The U.S. House Committee has published a 73-page stablecoin draft bill which calls for a moratorium on stablecoins backed by other crypto assets.
An attacker drained funds from the DeFi lending protocol over the weekend after manipulating the exchange rate between ERC-20 tokens and hTOKENS.
Ethereum
Ethereum’s price hit a 10-month high after staking withdrawals went live, negating the views of those anticipating imminent sell pressure.
Business
Twitter’s “cashtag” feature will be upgraded to cover more financial instruments, and redirect users to eToro’s trading platform.
Uniswap announced that its mobile wallet app is finally out of “Apple jail” and live in several countries.
The exploiters have already withdrawn $1.9 million after moving the stolen funds through coin mixer Tornado Cash.
DeFi insurance firm Nexus Mutual is seeking the recovery of $2 million in claims paid out to Euler Finance hack victims, who have since redeemed their funds.
An assessment on restarting the FTX exchange will take place in Q2, according to a timeline shared by bankruptcy attorneys.
The blockchain began processing withdrawal requests for staked ETH after the Shapella upgrade was activated on April 12.
