Uncategorized
Institutions that use blind signing to approve transactions are recklessly risking their clients’ dollars.
Ethereum
An Ethereum user spent 40 times more in fees than the value of the transaction in what looks to be a “fat finger” trade.
DeFi
MakerDAO’s risk unit BA Labs proposed removing WBTC integrations on Maker and SparkLend, citing BitGo’s upcoming plans to split custody across multiple jurisdictions.
MakerDAO is one of the top protocols by revenue generated and yet it has had one of the weakest rebounds over the last seven days.
Business
A Zoom meeting on Thursday with Democratic Party leaders highlighted a longstanding grievance held by those in the crypto space.
Bitcoin
One expert said that the 15% decline on Monday and the subsequent rebound are both signs of a healthy market.
Regulation
XRP was the top performing crypto asset with $5.3 billion worth of trading volume over the last 24 hours.
A US District Judge approved a settlement between FTX, Alameda Research, and the CFTC, which will see $12.7 billion paid out to FTX creditors.
As the crypto markets attempt to recover from the recent bloodbath, cat-themed cryptocurrencies like POPCAT and Solana-based memecoins like WIF are leading the rebound.
The integration aims to increase the adoption of Ethena’s cryptocurrencies: USDe and sUSDe.
