Tech
In the first stage, stakers are expected to run a full node, interact with the staking smart contracts, and follow StarkWare’s proposed rules to stake, while later stages will require additional validating software for sequencing and proving activities that secure the network.
DeFi
The Aave Chan Initiative’s Marc Zeller claims that “creative accounting” by MakerDAO puts the actual revenue share from Spark Lend much closer to 1% of profit, as opposed to the agreed upon 10%.
Regulation
Lido DAO voted to fund Dolphin CL, LLC to engage legal counsel, which is expected to be Brown Rudnick’s Stephen Palley, in addressing a class-action complaint that alleges LDO is an unregistered security. Meanwhile, SEC claims stETH is also an unregistered security
Business
BlackRock’s tokenized treasury fund is the first of its kind to reach the $500 million market cap milestone.
Ethereum
The crowd-sourced security audit competition will reward security researchers for identifying vulnerabilities in Ethereum’s code.
According to blockchain analytics firm Nansen, Crypto.com has a total onchain portfolio of nearly $6 billion, with memecoins including SHIB, PEPE, FLOKI, LADYS, and MOG making up more than 15% of the exchange’s token reserves held for customers.
Bitcoin
While the German government has been transferring large sums of bitcoin to exchanges and market makers, exchanges are holding a multi-year record low of BTC, suggesting that people are self-custodying their assets or using custodial entities.
After a sharp sell-off, LayerZero’s ZRO token has climbed significantly, outperforming other recently airdropped tokens. Here’s a potential reason.
Senate Agriculture Committee Chairwoman Debbie Stabenow is working closely with Ranking Member John Boozman on a new piece of crypto legislation that is “tightly guarded.” A committee hearing regarding digital commodities on Wednesday could be her first chance to preview it.
Solana
Jump Crypto will pay developers up to a million dollars for disclosing critical bugs in Firedancer, its independent validator client for Solana.
