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.
Business
DeFi assets have underperformed year-to-date, but the ecosystem has strong fundamentals, leading some to speculate it’s time for prices to rebound.
Regulation
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.
DeFi
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.
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.
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.
