Ethereum
Onchain analytics firm EigenPhi found that the infamous MEV attacker ‘Jaredfromsubway.eth’ could be deploying a new bot with more advanced tricks.
Regulation
Crypto advocates called the proposal a dangerous overreach. After years of contentious debate, its withdrawal was quietly announced in the Federal Register.
DeFi
Users of the Solana-based protocol have deployed nearly 1.2 million tokens so far, but only 32 currently have a market cap of over $1 million, per GeckoTerminal.
The Curve community will deliberate on a DAO funding request for 21 million CRV to be allocated to Swiss Stake AG, the company building Curve which was founded by Michael Egorov.
Hopes for a “crypto reset” under Kamala Harris fade as the Democratic Party’s latest platform fails to even mention digital assets or Bitcoin.
Bitcoin
Bitcoin, the original cryptocurrency and largest by market cap, has seen its price drop since the 2024 “halving”, the first time such a decline followed the programmed cut in reward emissions.
BlackRock, the world’s largest asset manager, is now also the largest crypto ETF fund manager after IBIT and ETHA’s AUM surpassed Grayscale’s funds.
“While the auditors did discover some high severity issues, no user assets were ever at risk,” said OP Labs in an upgrade proposal.
Ethena faces challenges as negative funding rates slash yields, contributing to a $500 million drop in the supply of USDe amid broader market turmoil.
A net bias towards sell-side pressure has not completely subsided, say analysts at Glassnode, while noting that onchain conditions indicate high conviction from Bitcoin holders.
