DeFi
Meanwhile, Maker has taken a more aggressive response to the changes by preventing any new borrowing from WBTC vaults.
Business
Chaos has a software-as-a-service business model that helps crypto applications react to real-time market conditions.
Regulation
Sen. Schumer said he wants to create bipartisan support for a “sensible” crypto bill at the Crypto4Harris event.
Bitcoin
The digital asset custodian said the three keys for the WBTC multi-signature wallet will now be held by three different institutions.
“We’re going to build a massive Bitcoin economy on Base,” said Base creator Jesse Pollak.
DeFi assets have underperformed year-to-date, but the ecosystem has strong fundamentals, leading some to speculate it’s time for prices to rebound.
Among the people that Harris is reportedly relying on to develop her economic plan are two that are seen as decidedly anti-crypto. Crypto industry folks were not pleased.
Aave’s Chaos Labs and Marc Zeller caution against hasty decisions on WBTC, following MakerDAO’s proposal to off-board the asset.
Bitcoin miner reserves have dropped to a level last seen in January 2021, as network hashrate sits at 627 EH/s.
The majority of firms participating in Arbitrum’s real-world asset treasury diversification program are also looking to join MakerDAO’s $1 billion tokenization competition.
