Regulation
The US House has passed the FIT21 bill, which many regard as the first step in establishing a clear regulatory framework for digital assets.
Business
Nvidia’s Q1 2024 revenue exceeded analysts’ estimates, while the price of the largest artificial intelligence tokens dropped.
DeFi
Increased odds of the SEC approving spot ether ETFs have led to a jump in Ethereum open interest and perpetual funding rates across the market, helping push the staking yield of USDe to 37.2%.
Pendle’s smart contracts are among the largest holders of Ethena’s synthetic dollar USDe, as well as several liquid restaking tokens such as wrapped eETH and ezETH.
Tech
The Gala Games exploiter has returned a little over $20 million a day after the protocol froze 90% of the stolen funds.
Ethereum
Over 87,800 ETH worth $327 million has moved on to exchanges, according to data from Nansen, as the hype around spot ether ETFs being approved escalated.
Dan Romero and Varun Srinivasan give a peek at how more decentralization is coming to Farcaster, personal takeaways from their time at Coinbase, and other insights.
Farcaster’s valuation stands at $1 billion as a result of the funding round led by crypto investment firm Paradigm, with a16z crypto, Haun, USV, Variant, and Standard Crypto as backers.
Amid a heated debate around “low float” coins, Binance will now focus on small to medium projects for listing on its platform.
Industry watchers labeled Prometheums’s controversial treatment of ether as a security a bad sign for the spot ETF outlook, but that all changed after a move from the SEC on Monday.
