DeFi
Nearly 367,000 addresses have claimed about $340 million worth of Jupiter’s governance token, which means nearly $284 million worth of JUP remains unclaimed.
Business
As of the last day of December, Tether’s total assets, which back the firm’s stablecoins, stood at $97 billion, while its liabilities amounted to nearly $91.6 billion, according to its latest attestation report.
Customers and critics do the math, however, and find the repayments will fall far short of current market prices in crypto.
The number of Ethereum Virtual Machine-compatible smart contracts on layer 2 blockchain networks deployed by developers in 2023 increased 303% from the previous year.
Regulation
Executive chairman Chris Larsen said the stolen tokens came from his personal accounts.
JUP began trading at $2 and has since decreased about 67% to settle at around 64 cents at the time of publication, highlighting how volatile price movements can be during airdrops.
The Magic Internet Money (MIM) stablecoin lost its U.S. dollar-peg after an exploit on cross-chain protocol Abracadabra.money’s cauldrons on Ethereum.
The SEC plans to dismiss a lawsuit against crypto firm Debt Box after a federal court ordered the regulator to explain why sanctions should not be imposed on its lawyers that made misleading statements to secure a restraining order.
Tech
Farcaster, a decentralized social network, recently released Frames, which turns posts on the social network into interactive applications. Since the roll-out, a number of bounties have emerged to motivate developers to build Frames.
Ethereum
The bank’s report also predicted ETH could hit $4,000 in the lead-up to an approval.
