Business
Securitize is the distributor of BlackRock’s BUIDL Fund, which has seen over $382 million in deposits, per analytics platform rwa.xyz.
Ethereum
The low price of transacting is a result of the flight of activity away from Ethereum’s base layer to its layer 2 networks, particularly following the Dencun upgrade that occurred in March.
Regulation
With Consensys receiving a Wells notice from the SEC alleging it operated an unregistered securities broker — via MetaMask Staking — does that also put its partners, Lido and Rocket Pool, in the firing line, too?
Bitcoin
The explosive growth of loans facilitated by Ledn can be attributed to BTC’s price surge, which increased the borrowing power of bitcoiners, as well as the SEC approving several spot BTC ETFs earlier this year.
The proposed recovery plan for FTX customers reveals the inadequacies of current US bankruptcy laws when applied to crypto cases.
Optimism is welcoming layer 3 builders to its Superchain initiative, with plans to introduce custom gas tokens and data availability layer optionality so developers can spin up low cost chains.
House Chair Patrick McHenry said that SAB 121 was “one of the most glaring examples of the regulatory overreach that has defined Gary Gensler’s tenure at the SEC.”
EIP-7702, which is meant to enable externally owned accounts to temporarily become smart contract accounts, was largely the result of intense discussions among Ethereum builders over previous improvement proposals.
In a move that comes as a surprise to many, Grayscale has withdrawn its application for an ether futures ETF just three weeks before the SEC would have been forced to hand out a verdict on the approval of at least one spot ether ETF.
FTX creditors will receive the entire value of their claims, plus “billions in compensation for the time value of their investments.”
