Ethereum
Ether.Fi has rolled out its governance token ETHFI in a move intended to decentralize the liquid staking protocol.
Business
Recent filings show the SEC is still suspicious of the independence of Binance.US’s assets from those of its global parent.
Coinbase’s Ethereum layer 2 network Base saw a massive uptick in daily transactions following the Dencun upgrade, surging to a record 2 million on Saturday.
NFTs
The founder of Remilia and Milady is claiming to have been hacked after millions of dollars worth of assets from the project’s treasury were transferred to another wallet and liquidated.
The network strongly tied to the fortunes of Sam Bankman-Fried celebrates its fourth anniversary Saturday, having put FTX’s troubles behind it and found success with meme coin darlings Dogwifhat and Bonk.
Regulation
Prosecutors told the court that “justice requires that he receive a prison sentence commensurate with the extraordinary dimensions of his crimes.”
The token unlock represents Arbitrum’s most substantial release to date and will nearly double ARB’s circulating supply.
Bitcoin
Senators Jack Reed and Laphonza Butler expressed reservations about existing bitcoin ETFs and also insisted that the agency should not approve any other crypto exchange-traded products.
Bitcoin’s most prominent DeFi app is integrating with a yet-to-launch Bitcoin layer 2 network known as Build on Bitcoin (BOB) in an effort to attract liquidity from Ethereum.
Nine out of ten risk framework metrics are flashing very high risk signals, according to Glassnode, which suggest a high degree of profit taking and speculation in the near-term.
