DeFi
The dominant lending protocol’s governance proposal is in response to a Polygon pre-proposal to use Morpho to generate a $70 million/year yield on its $1.3 billion in bridged stablecoins.
Business
CoinFund’s overall staff increased by 28% in the past year after seeing successes in Matter Labs and Ondo Finance.
Regulation
Warren has newfound power over the SEC nomination process. Crypto helped her get there.
Tech
Developers in the crypto industry are becoming more distributed in terms of physical geography and by their activity of different blockchain networks.
Hill is currently chair of the Subcommittee on Digital Assets, Financial Technology, and Inclusion.
If cryptocurrencies are declared commodities, the CFTC could have a lot of influence over the industry.
Bitcoin
MicroStrategy has been accumulating BTC every week since Oct. 31 and activity on Coinbase indicates general market positivity.
Schumer is asking for the input from the Senate’s chief crypto critic.
Ethereum
Ethereum’s growing interest among investors has driven U.S. spot ETH ETFs to a weekly all-time high in total netflows, with $752.9 million recorded.
Industry sources speaking to Unchained had been expecting a White House staff role or advisory council dedicated to crypto alone.
