Ethereum
Developers of BNB Smart Chain are expected to activate the Tycho hard fork on mainnet in mid-June.
Bitcoin
Entities such as Millenium Management—one the top five largest hedge funds in the world—have invested billions in the spot bitcoin ETFs launched in January.
Business
Two New York-based brothers have been arrested on charges of wire fraud and conspiracy to commit money laundering, with the DOJ alleging they exploited Ethereum to fraudulently obtain $25 million worth of crypto in around 12 seconds.
The ratio of ether’s market cap to that of bitcoin’s hit a multi-year low Wednesday and overall has been falling since The Merge. Will the trend continue?
Crypto trader DeFiSquared took aim at Worldcoin’s “predatory tokenomics” that could potentially see WLD supply inflate at 4% per day after token unlocks and emissions commence.
While Ethereum layer 2s are at an all-time high in terms of active addresses and transactions, the mainnet may not be doing as well.
Sonne Finance has paused all markets on Optimism after an attacker exploited a common vulnerability in forks of Compound Finance, draining an estimated $20 million from the protocol’s smart contracts.
DeFi
A pseudonymous core contributor to the Cypher Protocol that stayed on to rebuild the project after a $1 million exploit in August has admitted to stealing and gambling some of the protocol funds that were recovered.
Sun has received airdrop allocations from crypto projects such as EigenLayer and EtherFi, and is also earning points from his deposits into Swell and Puffer Finance.
Regulation
The Administration’s anti-crypto policies risk alienating voters of both parties. But the bigger, albeit also potentially misguided, picture may be about preserving America’s global economic power.
