Bitcoin
The filing, which also revealed that the social media giant acquired some MATIC, is a step forward for Reddit’s plans to become a publicly-traded company.
The two officials previously wrote in November 2022 that bitcoin was on “the road to irrelevance.”
Business
Andreessen Horowitz invested $100 million into Eigen Labs, the software development firm behind Eigen Layer, while Binance Labs invested an undisclosed amount into Renzo, a liquid derivative platform on EigenLayer.
The countries setting all-time high BTC prices in local currencies include Argentina, Egypt, and Japan, notes Balaji Srinivasan.
The widely-followed measure inherently distorts our sense of crypto projects’ values, particularly in the wake of an initial sale, and in some cases can even create systemic financial risk.
Tech
When the market shows a renewed interest in crypto, you can be sure that scammers have renewed interest as well. Here are some of the best ways to protect your assets.
DeFi
Gauntlet has ended its four-year relationship as Aave’s risk manager, citing difficulties in the past year with navigating “ inconsistent guidelines” and “unwritten objectives” by the protocol’s largest stakeholders.
Ethereum
An increase in ether staking ETFs could affect Ethereum’s validator mix, and potentially increase the network’s concentration risk, say analysts from S&P Global.
The inflows into Ethena’s “synthetic dollar” partly stem from people’s appetite for yield, with investors who decide to stake their USDe after minting the token receiving a whopping annual percentage yield of 27.64%.
Kwon is facing fraud charges related to the collapse of the UST stablecoin.
