Ethereum
Bitwise CIO Matt Hougan suggested that a delay in approving spot Ethereum ETFs could make them more successful as it gives traditional finance more time to get comfortable with Bitcoin and crypto.
DeFi
Airdrops from Wormhole and Ethena could add an estimated $2.4 billion to the market next week, with airdrops from Kamino and Parcl following soon after.
The program’s shorthand was originally named “RPGF,” which stood for “Retroactive Public Goods Funding,” but in the fourth funding round, the shorthand was renamed to just “Retro Funding.”
Business
As part of his sentence, SBF was ordered to forfeit a whopping $11 billion in assets, but what will he really end up paying? And how much time will he actually spend in prison?
Polygon’s chief information security officer says he was disqualified from Arbitrum’s new Security Council election despite having the highest number of votes due to conflict of interests.
Neptune Digital was the first firm to confirm acquiring SOL from the FTX estate at a 67% discount to market price.
Regulation
A large element of Judge Kaplan’s 25-year prison sentence for Sam Bankman-Fried stemmed from the FTX founder’s philosophy on expected value.
As the disgraced founder is handed a quarter of a century behind bars, the crypto world debated the fairness of the sentence and its implications.
Judge Lewis Kaplan said he felt Bankman-Fried needed to have a long sentence because of his approach to viewing actions in terms of “expected value.”
It’s been just under two weeks since Ethereum’s Dencun upgrade brought down gas fees for layer 2 networks with blob carrying transactions, but a new protocol called Ethscriptions is reversing much of that effect.
