Unichain could redistribute millions of dollars in value to Uniswap Labs and UNI token holders, claims The DeFi Report’s Michael Nadeau. Not everyone is convinced that liquidity on the layer 1 will migrate.
Ethena Labs proposed bringing SOL, and liquid staking options like bbSOL and BNSOL, as a backing asset to USDe, with the same hedging mechanism used for BTC and ETH perpetual futures.
A governance proposal published early Friday aims to move 200 million ARB from the program’s multi-signature wallet back to the DAO treasury.
Salame, who started his 7.5-year prison sentence Friday, accused prosecutors of lying to his lawyers, said Caroline Ellison is as culpable as Sam Bankman-Fried, and claimed he wasn’t guilty of the charges to which he pleaded guilty.
More than $150 million worth of long crypto positions were liquidated over the last 24 hours.
A tweet roughly eight hours ahead of the official announcement strongly implied that the news was coming.
Unichain, intended to offer faster and cheaper transactions, unifies the experience cross chain and was made in collaboration with Flashbots, a firm known for its research in maximal extractable value.
The founder of one of the top decentralized crypto exchanges acknowledged that dYdX has had a challenging year and cited the need for leadership to come from its founder as reason for his return as CEO.
The FBI created its own crypto token to bring down crypto market manipulators. Four crypto entities and 18 individuals now face charges for wash trading and fraud.
Wrapped Bitcoin has completed the move to a new custody setup which splits control of the assets between the U.S., Singapore and Hong Kong.
